Apple Inc. (NASDAQ:AAPL - Get Free Report) COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total value of $7,950,786.93. Following the sale, the chief operating officer now owns 390,059 shares of the company's stock, valued at $87,377,116.59. This trade represents a 8.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Apple Price Performance
NASDAQ:AAPL traded down $6.92 during mid-day trading on Monday, hitting $181.46. The company's stock had a trading volume of 160,161,424 shares, compared to its average volume of 55,782,650. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock has a fifty day moving average of $228.49 and a 200-day moving average of $232.82. The company has a market capitalization of $2.73 trillion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 2.44 and a beta of 1.26. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10.
Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate 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 forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. Apple's dividend payout ratio is presently 15.87%.
Analyst Upgrades and Downgrades
AAPL has been the subject of several recent analyst reports. Citigroup reiterated a "buy" rating on shares of Apple in a report on Wednesday. Redburn Partners set a $230.00 price objective on shares of Apple in a research note on Friday, January 31st. Loop Capital downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 target price on the stock. in a research note on Tuesday, January 21st. Morgan Stanley decreased their target price on Apple from $275.00 to $252.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. Finally, Oppenheimer downgraded Apple from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $243.05.
Get Our Latest Stock Analysis on Apple
Institutional Investors Weigh In On Apple
A number of hedge funds have recently made changes to their positions in the company. O Connor Financial Group LLC grew its stake in Apple by 5.9% during the first quarter. O Connor Financial Group LLC now owns 3,790 shares of the iPhone maker's stock worth $842,000 after buying an additional 212 shares during the last quarter. GoalVest Advisory LLC grew its position in Apple by 8.4% during the 1st quarter. GoalVest Advisory LLC now owns 12,311 shares of the iPhone maker's stock worth $2,735,000 after acquiring an additional 949 shares during the last quarter. GAMMA Investing LLC increased its holdings in 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. Agate Pass Investment Management LLC raised its position in Apple by 1.5% in the 1st quarter. Agate Pass Investment Management LLC now owns 47,498 shares of the iPhone maker's stock valued at $10,551,000 after purchasing an additional 723 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake in Apple by 1.8% in the first quarter. Central Pacific Bank Trust Division now owns 91,378 shares of the iPhone maker's stock worth $20,298,000 after purchasing an additional 1,653 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.
Apple Company Profile
(
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
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