Apple Inc. (AAPL) Insider Daniel J. Riccio Sells 15,641 Shares of Stock

Apple Inc. (NASDAQ:AAPL) insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $169.69, for a total transaction of $2,654,121.29. Following the completion of the sale, the insider now owns 17,341 shares of the company’s stock, valued at approximately $2,942,594.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Apple Inc. (NASDAQ AAPL) opened at $172.67 on Tuesday. Apple Inc. has a 52 week low of $112.49 and a 52 week high of $176.24. The stock has a market cap of $886,540.00, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. The company has a quick ratio of 1.23, a current ratio of 1.28 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. During the same period last year, the firm earned $1.50 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. equities research analysts predict that Apple Inc. will post 11.18 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a yield of 1.46%. Apple’s payout ratio is presently 27.42%.

A number of hedge funds have recently made changes to their positions in AAPL. Berkshire Hathaway Inc. increased its stake in Apple by 0.6% in the 2nd quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after buying an additional 834,854 shares during the last quarter. Capital Research Global Investors increased its stake in Apple by 15.0% in the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after buying an additional 3,845,363 shares during the last quarter. Legal & General Group Plc increased its stake in Apple by 1.1% in the 3rd quarter. Legal & General Group Plc now owns 26,393,202 shares of the iPhone maker’s stock valued at $4,067,559,000 after buying an additional 287,027 shares during the last quarter. Janus Henderson Group PLC increased its stake in Apple by 9.3% in the 3rd quarter. Janus Henderson Group PLC now owns 21,854,159 shares of the iPhone maker’s stock valued at $3,367,571,000 after buying an additional 1,850,572 shares during the last quarter. Finally, Swiss National Bank increased its stake in Apple by 0.4% in the 3rd quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock valued at $2,966,581,000 after buying an additional 79,100 shares during the last quarter. 59.78% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently weighed in on AAPL. Barclays reiterated a “hold” rating and issued a $146.00 target price on shares of Apple in a research note on Tuesday, August 15th. Vetr upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $166.96 target price for the company in a research note on Thursday, August 17th. UBS reiterated a “buy” rating and issued a $180.00 target price on shares of Apple in a research note on Tuesday, September 12th. Nomura set a $185.00 target price on shares of Apple and gave the company a “buy” rating in a research note on Monday, September 25th. Finally, KeyCorp upgraded shares of Apple from a “sector weight” rating to an “overweight” rating and increased their target price for the company from $173.75 to $187.00 in a research note on Monday, October 16th. Seven equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $200.27.

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About Apple

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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