Apple (NASDAQ:AAPL) Shares Up 0%

Apple Inc. (NASDAQ:AAPL - Get Free Report)'s stock price rose 0% on Tuesday . The stock traded as high as $195.00 and last traded at $194.12. Approximately 14,132,333 shares were traded during trading, a decline of 76% from the average daily volume of 60,068,582 shares. The stock had previously closed at $194.03.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AAPL shares. Loop Capital cut their price target on shares of Apple from $185.00 to $170.00 and set a "hold" rating on the stock in a report on Monday, April 1st. DZ Bank reiterated a "hold" rating and issued a $180.00 price target on shares of Apple in a report on Thursday, March 28th. Morgan Stanley reissued an "overweight" rating and issued a $216.00 price objective on shares of Apple in a research note on Tuesday. Canaccord Genuity Group lifted their target price on Apple from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Saturday, May 4th. Finally, Citigroup dropped their price target on Apple from $220.00 to $210.00 and set a "buy" rating on the stock in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and an average target price of $205.59.

Apple Stock Up 0.2 %

The business has a fifty day moving average price of $178.48 and a two-hundred day moving average price of $183.28. The firm has a market capitalization of $2.98 trillion, a price-to-earnings ratio of 30.23, a price-to-earnings-growth ratio of 2.34 and a beta of 1.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.04 and a quick ratio of 0.99.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.02. The firm had revenue of $90.75 billion for the quarter, compared to analyst estimates of $90.37 billion. Apple had a net margin of 26.31% and a return on equity of 148.33%. The business's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 earnings per share. On average, equities analysts expect that Apple Inc. will post 6.57 earnings per share for the current year.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 13th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.51%. This is a positive change from Apple's previous quarterly dividend of $0.24. The ex-dividend date was Friday, May 10th. Apple's dividend payout ratio (DPR) is 15.55%.

Apple announced that its board has approved a stock buyback program on Thursday, May 2nd that authorizes the company to repurchase $110.00 billion in outstanding shares. This repurchase authorization authorizes the iPhone maker to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 4,999 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total transaction of $951,809.60. Following the sale, the insider now directly owns 29,278 shares of the company's stock, valued at $5,574,531.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Arthur D. Levinson sold 75,000 shares of the business's stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $191.58, for a total value of $14,368,500.00. Following the completion of the sale, the director now owns 4,359,576 shares of the company's stock, valued at approximately $835,207,570.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 4,999 shares of the company's stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $190.40, for a total transaction of $951,809.60. Following the transaction, the insider now owns 29,278 shares of the company's stock, valued at approximately $5,574,531.20. The disclosure for this sale can be found here. Insiders have sold 346,270 shares of company stock valued at $60,880,196 in the last 90 days. 0.06% of the stock is currently owned by company insiders.

Institutional Trading of Apple

Institutional investors have recently made changes to their positions in the company. Ironwood Wealth Management LLC. increased its holdings in shares of Apple by 0.4% during the 3rd quarter. Ironwood Wealth Management LLC. now owns 220,621 shares of the iPhone maker's stock worth $37,773,000 after buying an additional 930 shares during the last quarter. CJM Wealth Advisers Ltd. lifted its stake in shares of Apple by 2.3% in the 3rd quarter. CJM Wealth Advisers Ltd. now owns 18,526 shares of the iPhone maker's stock valued at $3,172,000 after purchasing an additional 416 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. grew its holdings in shares of Apple by 19.0% during the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 2,984 shares of the iPhone maker's stock worth $511,000 after purchasing an additional 476 shares during the period. Whittier Trust Co. grew its holdings in shares of Apple by 0.8% during the 3rd quarter. Whittier Trust Co. now owns 1,652,545 shares of the iPhone maker's stock worth $282,932,000 after purchasing an additional 12,614 shares during the period. Finally, Grandview Asset Management LLC acquired a new stake in shares of Apple during the 3rd quarter worth about $16,032,000. 60.41% of the stock is owned by institutional investors and hedge funds.

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.