1 day Ago By ABMN Staff
Shares of Apple Inc. ( NASDAQ:AAPL – Get Free Report ) fell 0.2% during trading on Monday after an insider sold shares in the company.
The company traded as low as $208.73 and last traded at $208.89.
11,001,366 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 56,633,260 shares. The stock had previously closed at $209.28.
Specifically, CFO Kevan Parekh sold 4,570 shares of the firm’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total transaction of $941,420.
00. Following the completion of the sale, the chief financial officer now directly owns 4,569 shares in the company, valued at approximately $941,214. This trade represents a 50.
01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website . Analyst Ratings Changes A number of equities research analysts have issued reports on AAPL shares.
Monness Crespi & Hardt increased their target price on shares of Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Citigroup lowered their price target on Apple from $275.
00 to $245.00 and set a “buy” rating for the company in a research note on Monday, April 14th. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research report on Tuesday, January 28th.
Morgan Stanley boosted their target price on shares of Apple from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday.
Finally, UBS Group cut their price target on shares of Apple from $236.00 to $210.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd.
Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $234.
31. Apple Price Performance The stock has a market capitalization of $3.17 trillion, a P/E ratio of 33.
53, a PEG ratio of 2.44 and a beta of 1.26.
The company’s 50 day simple moving average is $214.32 and its two-hundred day simple moving average is $229.06.
The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.
88. Apple ( NASDAQ:AAPL – Get Free Report ) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.
40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04.
Apple had a return on equity of 160.83% and a net margin of 24.30%.
As a group, equities analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Announces Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share.
The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.
47%. Apple’s payout ratio is 15.87%.
Institutional Trading of Apple Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Apple during the fourth quarter worth approximately $46,868,648,000. GAMMA Investing LLC lifted its holdings in shares of Apple by 25,934.
1% during the 1st quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker’s stock valued at $133,425,490,000 after purchasing an additional 59,835,676 shares in the last quarter. State Street Corp raised its holdings in shares of Apple by 10.
6% during the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after acquiring an additional 55,935,105 shares during the period. Vanguard Group Inc.
boosted its stake in Apple by 3.7% in the 4th quarter. Vanguard Group Inc.
now owns 1,395,785,512 shares of the iPhone maker’s stock worth $349,532,608,000 after purchasing an additional 49,168,843 shares during the period. Finally, Proficio Capital Partners LLC increased its holdings in Apple by 23,555.4% during the 4th quarter.
Proficio Capital Partners LLC now owns 21,055,240 shares of the iPhone maker’s stock worth $5,272,653,000 after purchasing an additional 20,966,232 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.
About Apple ( Get Free Report ) 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. Further Reading Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.
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