Apple Inc. (AAPL) Insider Eduardo H. Cue Sells 65,361 Shares

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.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 annualized dividend and a yield of 1.48%. Apple’s dividend payout ratio is currently 27.42%.

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.

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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.

Insider Buying and Selling by Quarter for Apple (NASDAQ:AAPL)

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