Daniel J. Riccio Sells 15,641 Shares of Apple Inc. (AAPL) Stock

Apple Inc. (NASDAQ:AAPL) insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the completion of the sale, the insider now directly owns 13,739 shares in the company, valued at approximately $2,401,302.42. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Apple Inc. (NASDAQ:AAPL) opened at $174.29 on Thursday. Apple Inc. has a 52 week low of $118.21 and a 52 week high of $177.20. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $894,860.00, a price-to-earnings ratio of 18.97, a PEG ratio of 1.43 and a beta of 1.23.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. During the same quarter last year, the company posted $1.50 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. sell-side analysts expect that Apple Inc. will post 11.18 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Blue Sky Asset Management LLC acquired a new stake in shares of Apple during the 2nd quarter valued at $108,000. Hefty Wealth Partners boosted its holdings in shares of Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 174 shares in the last quarter. FNY Managed Accounts LLC boosted its holdings in shares of Apple by 852.4% during the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 716 shares in the last quarter. Private Vista LLC acquired a new stake in shares of Apple during the 2nd quarter valued at $122,000. Finally, Armbruster Capital Management Inc. boosted its holdings in shares of Apple by 9.4% during the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after acquiring an additional 78 shares in the last quarter. Institutional investors own 60.17% of the company’s stock.

Several analysts recently commented on AAPL shares. Citigroup reaffirmed a “buy” rating and issued a $200.00 price target on shares of Apple in a research note on Wednesday, December 13th. Drexel Hamilton reaffirmed a “buy” rating and issued a $208.00 price target on shares of Apple in a research note on Tuesday, October 24th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $200.00 price target (up previously from $196.00) on shares of Apple in a research note on Tuesday, October 31st. Barclays set a $146.00 price target on Apple and gave the company a “neutral” rating in a research note on Wednesday, September 13th. Finally, Vetr lowered Apple from a “buy” rating to a “hold” rating and set a $171.48 price target on the stock. in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. Apple has a consensus rating of “Buy” and an average target price of $198.70.

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Apple Company Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

Insider Buying and Selling by Quarter for Apple (NASDAQ:AAPL)

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