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 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 – Get Free Report) 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
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.
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