Apple Inc. (NASDAQ:AAPL) insider Chris Kondo sold 4,376 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $217.47, for a total transaction of $951,648.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NASDAQ AAPL opened at $199.04 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.50 and a debt-to-equity ratio of 0.88. The stock has a market cap of $922.00 billion, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 1.71 and a beta of 1.25. The firm’s 50-day simple moving average is $203.08. Apple Inc. has a one year low of $142.00 and a one year high of $233.47.
Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.08. The business had revenue of $53.81 billion for the quarter, compared to the consensus estimate of $53.39 billion. Apple had a net margin of 21.50% and a return on equity of 52.13%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.34 EPS. As a group, equities research analysts expect that Apple Inc. will post 11.58 earnings per share for the current year.
Apple declared that its board has approved a share repurchase plan on Tuesday, April 30th that allows the company to buyback $75.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to buy up to 7.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Fisher Asset Management LLC boosted its holdings in shares of Apple by 4.1% in the 2nd quarter. Fisher Asset Management LLC now owns 13,738,592 shares of the iPhone maker’s stock valued at $2,719,142,000 after buying an additional 546,597 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Apple by 4.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 10,155,585 shares of the iPhone maker’s stock valued at $1,929,054,000 after buying an additional 414,856 shares in the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of Apple by 19,949.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 10,055,128 shares of the iPhone maker’s stock valued at $1,005,513,000 after buying an additional 10,004,976 shares in the last quarter. Sanders Capital LLC boosted its holdings in shares of Apple by 3.0% in the 2nd quarter. Sanders Capital LLC now owns 8,376,114 shares of the iPhone maker’s stock valued at $1,815,725,000 after buying an additional 241,940 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of Apple by 4.0% in the 1st quarter. Clearbridge Investments LLC now owns 7,652,260 shares of the iPhone maker’s stock valued at $1,453,547,000 after buying an additional 295,102 shares in the last quarter. 58.65% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on AAPL shares. ValuEngine lowered shares of Apple from a “buy” rating to a “hold” rating in a report on Tuesday. UBS Group raised their target price on shares of Apple from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Monness Crespi & Hardt restated a “buy” rating and issued a $265.00 target price (up previously from $245.00) on shares of Apple in a report on Wednesday, July 31st. New Street Research lowered shares of Apple from a “neutral” rating to a “sell” rating and set a $170.00 target price for the company. in a report on Friday, April 12th. Finally, Goldman Sachs Group restated a “neutral” rating and issued a $189.00 target price on shares of Apple in a report on Friday, August 2nd. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $217.49.
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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