Apple Inc. (NASDAQ:AAPL – Get Free Report) SVP Katherine L. Adams sold 123,448 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $188.79, for a total value of $23,305,747.92. Following the completion of the transaction, the senior vice president now owns 293,266 shares in the company, valued at approximately $55,365,688.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Apple Stock Performance
NASDAQ:AAPL traded up $1.76 on Monday, reaching $191.45. 46,510,579 shares of the company’s stock were exchanged, compared to its average volume of 60,414,195. The firm has a market cap of $2.98 trillion, a price-to-earnings ratio of 31.28, a P/E/G ratio of 2.60 and a beta of 1.30. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.99 and a quick ratio of 0.94. The stock has a fifty day simple moving average of $177.15 and a 200-day simple moving average of $181.03. Apple Inc. has a 52 week low of $124.17 and a 52 week high of $198.23.
Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07. The business had revenue of $89.50 billion during the quarter, compared to analyst estimates of $89.34 billion. Apple had a net margin of 25.31% and a return on equity of 160.78%. Apple’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.29 EPS. As a group, sell-side analysts predict that Apple Inc. will post 6.56 earnings per share for the current year.
Apple Announces Dividend
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Atlantic Private Wealth LLC purchased a new stake in Apple in the first quarter valued at approximately $30,000. Cheyne Capital Management UK LLP raised its position in shares of Apple by 200.0% during the 3rd quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock valued at $212,000 after buying an additional 550 shares in the last quarter. West Tower Group LLC bought a new stake in shares of Apple during the 2nd quarter worth $64,000. HBC Financial Services PLLC grew its position in Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after acquiring an additional 80 shares in the last quarter. Finally, PayPay Securities Corp increased its stake in Apple by 70.2% in the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after acquiring an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 58.51% of the company’s stock.
Analysts Set New Price Targets
AAPL has been the topic of a number of recent research reports. Citigroup reiterated a “buy” rating and issued a $240.00 target price on shares of Apple in a report on Friday, August 4th. Robert W. Baird lifted their price objective on shares of Apple from $180.00 to $204.00 and gave the company an “outperform” rating in a report on Tuesday, August 1st. Canaccord Genuity Group boosted their target price on shares of Apple from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Rosenblatt Securities dropped their price target on shares of Apple from $198.00 to $189.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. Finally, KeyCorp reissued a “sector weight” rating on shares of Apple in a report on Monday, October 30th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $198.25.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
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