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.
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.
COPYRIGHT VIOLATION NOTICE: “Apple Inc. (AAPL) Insider Daniel J. Riccio Sells 15,641 Shares of Stock” was reported by Week Herald and is the property of of Week Herald. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://weekherald.com/2017/12/12/apple-inc-aapl-insider-daniel-j-riccio-sells-15641-shares-of-stock-2.html.
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.
Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with MarketBeat.com's FREE daily email newsletter.