Apple Inc. (NASDAQ:AAPL) Insider Sells $3,004,144.00 in Stock

Apple Inc. (NASDAQ:AAPLGet Rating) insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total value of $3,004,144.00. Following the sale, the insider now owns 31,505 shares of the company’s stock, valued at approximately $4,685,423.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Apple Trading Up 0.6 %

Shares of Apple stock opened at $151.07 on Thursday. Apple Inc. has a 1 year low of $129.04 and a 1 year high of $182.94. The firm has a market cap of $2.40 trillion, a PE ratio of 24.73, a PEG ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85. The company has a 50 day simple moving average of $146.70 and a two-hundred day simple moving average of $149.66.

Apple (NASDAQ:AAPLGet Rating) last announced its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.02. The business had revenue of $90.15 billion during the quarter, compared to analyst estimates of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. Apple’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 earnings per share. Analysts expect that Apple Inc. will post 6.26 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s dividend payout ratio (DPR) is presently 15.06%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Apple by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after acquiring an additional 8,734,393 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Apple by 2.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 237,910,783 shares of the iPhone maker’s stock worth $32,527,162,000 after buying an additional 4,831,418 shares during the period. Legal & General Group Plc increased its stake in shares of Apple by 8.2% in the second quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock worth $16,889,649,000 after buying an additional 9,411,018 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Apple by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock worth $14,097,970,000 after buying an additional 1,155,915 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Apple by 12.1% in the second quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock worth $11,001,469,000 after buying an additional 8,716,964 shares during the period. 57.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on AAPL. Fundamental Research upped their price target on Apple to $168.50 and gave the stock a “buy” rating in a report on Tuesday, November 8th. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research note on Saturday, November 5th. KeyCorp reiterated a “buy” rating and set a $175.00 target price on shares of Apple in a research note on Tuesday, November 8th. Robert W. Baird decreased their price objective on shares of Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Finally, UBS Group set a $180.00 price objective on shares of Apple in a report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $176.26.

About Apple

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, 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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