Apple Inc. (NASDAQ:AAPL) insider Eduardo H. Cue sold 65,361 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $171.60, for a total transaction of $11,215,947.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Apple Inc. (NASDAQ:AAPL) opened at $169.80 on Tuesday. The firm has a market capitalization of $871,810.00, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.37 and a beta of 1.24. Apple Inc. has a twelve month low of $108.25 and a twelve month high of $176.24. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The firm had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.50 EPS. equities analysts anticipate that Apple Inc. will post 11.18 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the business. Blue Sky Asset Management LLC acquired a new position in shares of Apple in the 2nd quarter valued at approximately $108,000. Hefty Wealth Partners grew its position in shares of Apple by 27.6% in the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 174 shares during the period. FNY Managed Accounts LLC grew its position in shares of Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 716 shares during the period. American Beacon Advisors Inc. acquired a new position in shares of Apple in the 1st quarter valued at approximately $117,000. Finally, Private Vista LLC acquired a new position in shares of Apple in the 2nd quarter valued at approximately $122,000. 59.56% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on AAPL shares. Cleveland Research upgraded shares of Apple from a “neutral” rating to a “buy” rating and set a $197.00 target price on the stock in a research note on Tuesday, August 29th. Drexel Hamilton restated a “buy” rating and issued a $208.00 target price on shares of Apple in a research note on Tuesday, October 24th. Piper Jaffray Companies restated a “buy” rating and issued a $200.00 target price (up previously from $196.00) on shares of Apple in a research note on Tuesday, October 31st. Barclays set a $146.00 target price on shares of Apple and gave the company a “neutral” rating in a research note on Wednesday, September 13th. Finally, Vetr downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $171.48 target price on the stock. in a research note on Monday, October 30th. Seven equities research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the stock. Apple has an average rating of “Buy” and an average target price of $200.27.
Apple Company Profile
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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