Apple Inc. (NASDAQ:AAPL - Get Free Report) CFO Kevan Parekh sold 4,570 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total value of $941,420.00. Following the transaction, the chief financial officer now directly owns 4,569 shares of the company's stock, valued at $941,214. This trade represents a 50.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Apple Price Performance
AAPL traded up $1.43 during trading on Tuesday, reaching $211.57. 9,607,228 shares of the company were exchanged, compared to its average volume of 56,556,966. The company's 50-day moving average is $215.01 and its two-hundred day moving average is $229.19. The company has a market cap of $3.18 trillion, a price-to-earnings ratio of 33.56, a P/E/G ratio of 2.44 and a beta of 1.26. Apple Inc. has a 12-month low of $169.11 and a 12-month high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.
Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.
Apple Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.47%. Apple's payout ratio is presently 15.87%.
Hedge Funds Weigh In On Apple
A number of institutional investors have recently made changes to their positions in AAPL. Paul R. Ried Financial Group LLC raised its position in Apple by 0.4% during the first quarter. Paul R. Ried Financial Group LLC now owns 44,904 shares of the iPhone maker's stock valued at $9,975,000 after purchasing an additional 169 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Apple by 4.8% during the 1st quarter. IFM Investors Pty Ltd now owns 2,986,549 shares of the iPhone maker's stock valued at $695,866,000 after buying an additional 135,704 shares in the last quarter. GF Fund Management CO. LTD. lifted its position in Apple by 0.4% in the 1st quarter. GF Fund Management CO. LTD. now owns 1,500,539 shares of the iPhone maker's stock worth $333,315,000 after buying an additional 5,281 shares during the last quarter. 4J Wealth Management LLC boosted its stake in Apple by 3.5% in the first quarter. 4J Wealth Management LLC now owns 16,838 shares of the iPhone maker's stock worth $3,740,000 after buying an additional 572 shares in the last quarter. Finally, 44 Wealth Management LLC raised its stake in shares of Apple by 4.9% during the first quarter. 44 Wealth Management LLC now owns 24,366 shares of the iPhone maker's stock worth $5,412,000 after acquiring an additional 1,128 shares in the last quarter. Institutional investors own 67.73% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on AAPL. Wedbush cut their price target on shares of Apple from $325.00 to $250.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Bank of America cut their price objective on Apple from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Citigroup lowered their price target on Apple from $275.00 to $245.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Jefferies Financial Group upgraded shares of Apple from an "underperform" rating to a "hold" rating and cut their price target for the company from $202.33 to $167.88 in a research report on Wednesday, April 9th. Finally, Barclays increased their price objective on Apple from $183.00 to $197.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $234.31.
Read Our Latest Stock Report on Apple
About Apple
(
Get Free Report)
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.
Featured Articles
Before you consider Apple, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apple wasn't on the list.
While Apple currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
