Insider Selling: Apple (AAPL) SVP Sells 17,375 Shares of Stock

Apple (NASDAQ:AAPL) SVP Daniel J. Riccio sold 17,375 shares of Apple stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $169.12, for a total value of $2,938,460.00. Following the sale, the senior vice president now directly owns 66,191 shares of the company’s stock, valued at approximately $11,194,221.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ:AAPL opened at $168.38 on Friday. Apple has a 1 year low of $140.06 and a 1 year high of $183.50. The stock has a market cap of $876,789.50, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 1.31 and a beta of 1.25. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74.

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Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.82 by $0.07. Apple had a return on equity of 37.37% and a net margin of 21.13%. The company had revenue of $88.29 billion for the quarter, compared to the consensus estimate of $87.62 billion. During the same quarter in the previous year, the business earned $3.36 EPS. Apple’s revenue was up 12.7% compared to the same quarter last year. analysts expect that Apple will post 11.37 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on AAPL shares. UBS set a $190.00 price target on Apple and gave the stock a “buy” rating in a research note on Friday, January 5th. Morgan Stanley reaffirmed a “buy” rating and set a $205.00 price target (up previously from $200.00) on shares of Apple in a research note on Tuesday, January 23rd. Sanford C. Bernstein lowered Apple from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $195.00 to $170.00 in a research note on Friday, February 2nd. HSBC set a $204.00 price target on Apple and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Finally, Vetr raised Apple from a “hold” rating to a “buy” rating and set a $184.49 target price for the company in a research note on Monday, March 5th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $202.52.

Several hedge funds have recently bought and sold shares of AAPL. University of Texas Investment Managment Co. purchased a new stake in shares of Apple in the 4th quarter worth approximately $114,000. FNY Managed Accounts LLC grew its stake in shares of Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after buying an additional 716 shares during the last quarter. Private Vista LLC purchased a new stake in shares of Apple in the 2nd quarter worth approximately $122,000. Santori & Peters Inc. purchased a new stake in shares of Apple in the 4th quarter worth approximately $149,000. Finally, Crow Point Partners LLC grew its stake in shares of Apple by 100.0% in the 3rd quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 61.35% of the company’s stock.

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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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