Apple Inc. (NASDAQ:AAPL) insider Chris Kondo sold 3,932 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $233.26, for a total value of $917,178.32. Following the transaction, the insider now owns 15,464 shares of the company’s stock, valued at $3,607,132.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Chris Kondo also recently made the following trade(s):
- On Thursday, August 1st, Chris Kondo sold 4,376 shares of Apple stock. The stock was sold at an average price of $217.47, for a total value of $951,648.72.
Apple stock traded up $0.71 during mid-day trading on Friday, reaching $260.14. The stock had a trading volume of 17,496,500 shares, compared to its average volume of 28,496,354. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.50 and a current ratio of 1.54. Apple Inc. has a fifty-two week low of $142.00 and a fifty-two week high of $260.44. The firm has a market capitalization of $1,142.50 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 1.83 and a beta of 1.25. The stock’s 50-day simple moving average is $235.37 and its 200-day simple moving average is $209.53.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Wednesday, October 30th. The iPhone maker reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. Apple had a return on equity of 53.82% and a net margin of 21.24%. The company had revenue of $64.04 billion for the quarter, compared to analyst estimates of $62.86 billion. During the same period in the previous year, the company posted $2.91 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, research analysts forecast that Apple Inc. will post 13.17 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.18%. Apple’s payout ratio is 25.90%.
Several large investors have recently added to or reduced their stakes in AAPL. Centaurus Financial Inc. grew its position in Apple by 17.9% during the first quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock worth $44,000 after buying an additional 1,262 shares in the last quarter. Avondale Wealth Management grew its position in Apple by 25.4% during the second quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock worth $63,000 after buying an additional 64 shares in the last quarter. NuWave Investment Management LLC grew its position in Apple by 2,245.0% during the second quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock worth $93,000 after buying an additional 449 shares in the last quarter. Horan Securities Inc. grew its position in Apple by 64.2% during the second quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock worth $112,000 after buying an additional 221 shares in the last quarter. Finally, Kahn Brothers Group Inc. DE purchased a new position in Apple during the third quarter worth about $112,000. Institutional investors own 58.61% of the company’s stock.
AAPL has been the subject of a number of analyst reports. Goldman Sachs Group set a $192.00 price objective on Apple and gave the stock a “neutral” rating in a research report on Wednesday. Credit Suisse Group raised their target price on Apple from $209.00 to $221.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Deutsche Bank raised their target price on Apple from $210.00 to $230.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. They noted that the move was a valuation call. Loop Capital raised their target price on Apple to $250.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, BidaskClub raised Apple from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 27th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $239.51.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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