Kevan Parekh Sells 4,570 Shares of Apple Inc. (NASDAQ:AAPL) Stock

Apple Inc. (NASDAQ:AAPL - Get Free Report) CFO Kevan Parekh sold 4,570 shares of the business's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total value of $941,420.00. Following the completion of the sale, the chief financial officer now owns 4,569 shares in the company, valued at $941,214. This represents a 50.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Apple Trading Up 0.4 %

AAPL stock traded up $0.91 during trading on Friday, reaching $209.28. The company had a trading volume of 38,183,408 shares, compared to its average volume of 56,813,393. 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 Inc. has a 52 week low of $169.11 and a 52 week high of $260.10. The business has a 50 day moving average of $215.71 and a 200 day moving average of $229.31. The company has a market cap of $3.14 trillion, a P/E ratio of 33.22, a PEG ratio of 2.44 and a beta of 1.26.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS 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, sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, February 10th. Apple's dividend payout ratio (DPR) is presently 15.87%.

Wall Street Analyst Weigh In

AAPL has been the subject of several recent research reports. KeyCorp upgraded Apple from an "underweight" rating to a "sector weight" rating in a research report on Monday, April 14th. Monness Crespi & Hardt upped their price target on Apple to $245.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. UBS Group cut their price objective on shares of Apple from $236.00 to $210.00 and set a "neutral" rating for the company in a research report on Wednesday. Raymond James upped their target price on shares of Apple to $250.00 and gave the stock a "buy" rating in a report on Friday, April 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of Apple from $270.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and an average target price of $233.88.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Drystone LLC purchased a new stake in shares of Apple in the fourth quarter worth $25,000. Life Planning Partners Inc purchased a new stake in Apple during the 4th quarter valued at about $47,000. Conquis Financial LLC purchased a new position in Apple in the fourth quarter worth about $63,000. LSV Asset Management bought a new position in shares of Apple in the fourth quarter worth approximately $65,000. Finally, SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple during the third quarter valued at approximately $71,000. 67.73% of the stock is currently owned by institutional investors.

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.