Apple Inc. (NASDAQ:AAPL) SVP Katherine L. Adams Sells 123,448 Shares

Apple Inc. (NASDAQ:AAPL) SVP Katherine L. Adams sold 123,448 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $188.79, for a total value of $23,305,747.92. Following the transaction, the senior vice president now owns 293,266 shares of the company’s stock, valued at $55,365,688.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Apple Trading Up 0.9 %

NASDAQ:AAPL opened at $191.45 on Tuesday. The company has a market capitalization of $2.98 trillion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 2.60 and a beta of 1.30. 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. The company has a quick ratio of 0.94, a current ratio of 0.99 and a debt-to-equity ratio of 1.53.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.07. The firm had revenue of $89.50 billion during the quarter, compared to analysts’ expectations of $89.34 billion. Apple had a return on equity of 160.78% and a net margin of 25.31%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 EPS. On average, equities research analysts expect that Apple Inc. will post 6.56 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.50%. The ex-dividend date was Friday, November 10th. Apple’s dividend payout ratio (DPR) is 15.69%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AAPL shares. UBS Group reiterated a “neutral” rating and set a $190.00 target price on shares of Apple in a research report on Wednesday, September 27th. Oppenheimer decreased their price objective on shares of Apple from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Monday, October 30th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Apple in a research note on Thursday, September 21st. Robert W. Baird upped their price objective on shares of Apple from $180.00 to $204.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Apple from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 24th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.25.

Institutional Trading of Apple

A number of institutional investors have recently modified their holdings of AAPL. Atlantic Private Wealth LLC acquired a new stake in shares of Apple during the 1st quarter valued at approximately $30,000. Summit Wealth Group LLC increased its holdings in shares of Apple by 16,252.3% during the 1st quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 6,949,659 shares during the last quarter. HBC Financial Services PLLC grew its holdings in Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after buying an additional 80 shares during the last quarter. West Tower Group LLC bought a new stake in shares of Apple in the 2nd quarter worth approximately $64,000. Finally, PayPay Securities Corp lifted its position in shares of Apple by 70.2% in the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after acquiring an additional 210 shares during the period. Hedge funds and other institutional investors own 58.51% of the company’s stock.

Apple Company Profile

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.