Apple Inc. (NASDAQ:AAPL – Get Free Report) COO Jeffrey E. Williams sold 59,162 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the transaction, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at approximately $84,378,155.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Apple Stock Performance
Apple stock opened at $168.00 on Thursday. The stock has a market cap of $2.59 trillion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of 2.08 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The stock has a 50 day moving average of $175.57 and a 200-day moving average of $182.21. Apple Inc. has a 52 week low of $162.80 and a 52 week high of $199.62.
Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.09. The business had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.88 EPS. On average, analysts expect that Apple Inc. will post 6.54 EPS for the current fiscal year.
Apple Announces Dividend
Institutional Investors Weigh In On Apple
Several institutional investors and hedge funds have recently made changes to their positions in AAPL. Atlantic Private Wealth LLC acquired a new stake in shares of Apple during the 1st quarter valued at approximately $30,000. Wyrmwood Management LLC increased its position in Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after buying an additional 69 shares during the period. A.P. Gilfoyle & Co. L.P. acquired a new stake in Apple in the fourth quarter worth $39,000. Gilfoyle & Co LLC increased its position in Apple by 118.0% in the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after buying an additional 118 shares during the period. Finally, Summit Wealth Group LLC increased its position in Apple by 16,252.3% in the first quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock worth $42,000 after buying an additional 6,949,659 shares during the period. 60.41% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have recently commented on AAPL. The Goldman Sachs Group upped their price objective on shares of Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Wedbush reissued an “outperform” rating and set a $250.00 target price on shares of Apple in a research report on Tuesday, April 9th. Needham & Company LLC reissued a “buy” rating and set a $220.00 target price on shares of Apple in a research report on Tuesday. Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and increased their target price for the stock from $208.00 to $225.00 in a research report on Thursday, January 18th. Finally, Citigroup reissued a “buy” rating and set a $225.00 target price on shares of Apple in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $203.34.
Check Out Our Latest Report on AAPL
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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