Apple Inc. (NASDAQ:AAPL) Insider Sells $945,233.10 in Stock

Apple Inc. (NASDAQ:AAPL - Get Free Report) insider Chris Kondo sold 4,130 shares of Apple stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now owns 15,419 shares of the company's stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Apple Trading Up 0.1 %

Shares of Apple stock traded up $0.26 during trading on Tuesday, hitting $228.28. The company's stock had a trading volume of 36,081,820 shares, compared to its average volume of 58,504,602. The stock has a market cap of $3.45 trillion, a price-to-earnings ratio of 37.71, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The stock has a 50-day moving average price of $227.18 and a two-hundred day moving average price of $217.00. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion during the quarter, compared to analysts' expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.46 earnings per share. Equities research analysts anticipate that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple's dividend payout ratio is currently 16.45%.

Analyst Upgrades and Downgrades

Several research firms have commented on AAPL. Moffett Nathanson decreased their price objective on shares of Apple from $211.00 to $202.00 and set a "neutral" rating on the stock in a report on Tuesday. Wedbush restated an "outperform" rating and set a $285.00 price objective on shares of Apple in a research report on Monday, September 9th. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $265.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Oppenheimer reissued a "buy" rating and issued a $250.00 target price on shares of Apple in a research report on Tuesday, October 1st. Finally, The Goldman Sachs Group raised their price target on shares of Apple from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $235.25.

Institutional Investors Weigh In On Apple

Several large investors have recently modified their holdings of AAPL. Granite Investment Partners LLC grew its stake in Apple by 2.7% during the second quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker's stock worth $60,958,000 after purchasing an additional 7,606 shares during the period. Truist Financial Corp grew its position in shares of Apple by 1.8% during the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker's stock worth $1,473,224,000 after buying an additional 126,210 shares during the period. EP Wealth Advisors LLC increased its stake in shares of Apple by 5.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 1,928,110 shares of the iPhone maker's stock valued at $406,099,000 after acquiring an additional 95,235 shares in the last quarter. Bellwether Advisors LLC lifted its position in shares of Apple by 387.3% during the 2nd quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker's stock valued at $5,128,000 after acquiring an additional 19,352 shares during the period. Finally, Gentry Private Wealth LLC bought a new position in Apple during the second quarter worth $876,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

About Apple

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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