Apple (NASDAQ:AAPL) Stock Price Up 3.3%

Apple Inc. (NASDAQ:AAPL - Get Free Report) shares were up 3.3% during mid-day trading on Monday . The company traded as high as $176.03 and last traded at $174.92. Approximately 26,296,874 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 59,970,477 shares. The stock had previously closed at $169.30.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AAPL shares. UBS Group reissued a "hold" rating and set a $190.00 price objective on shares of Apple in a research report on Monday, March 25th. Monness Crespi & Hardt boosted their price objective on shares of Apple from $189.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, February 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $220.00 target price on shares of Apple in a research note on Tuesday, April 16th. DA Davidson assumed coverage on shares of Apple in a report on Wednesday, January 3rd. They set a "neutral" rating and a $166.00 target price for the company. Finally, Piper Sandler cut their price target on Apple from $205.00 to $190.00 and set a "neutral" rating on the stock in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and an average price target of $202.62.

Apple Stock Up 2.5 %

The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The company has a fifty day simple moving average of $173.04 and a 200-day simple moving average of $181.83. The firm has a market cap of $2.68 trillion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating analysts' consensus estimates of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm had revenue of $119.60 billion for the quarter, compared to analysts' expectations of $117.99 billion. During the same period in the previous year, the firm earned $1.88 EPS. The business's quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts anticipate that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.55%. Apple's payout ratio is 14.95%.

Insider Buying and Selling

In other news, SVP Deirdre O'brien sold 54,732 shares of the company's stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the transaction, the senior vice president now owns 136,572 shares of the company's stock, valued at $23,068,376.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Timothy D. Cook sold 99,183 shares of the firm's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the transaction, the chief executive officer now directly owns 3,377,407 shares of the company's stock, valued at $574,260,512.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Deirdre O'brien sold 54,732 shares of the business's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the sale, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 366,271 shares of company stock valued at $63,653,887. Company insiders own 0.06% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AAPL. Conservest Capital Advisors Inc. increased its position in shares of Apple by 0.3% during the 3rd quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker's stock worth $2,877,000 after purchasing an additional 55 shares in the last quarter. Flagstone Financial Management increased its holdings in Apple by 0.9% in the fourth quarter. Flagstone Financial Management now owns 6,092 shares of the iPhone maker's stock valued at $1,173,000 after purchasing an additional 56 shares during the last quarter. High Pines Wealth Management LLC raised its position in shares of Apple by 0.7% in the 4th quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker's stock valued at $1,638,000 after acquiring an additional 58 shares during the period. Kraft Davis & Associates LLC boosted its stake in Apple by 0.9% during the 3rd quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker's stock worth $1,155,000 after acquiring an additional 59 shares during the last quarter. Finally, Asset Planning Corporation grew its holdings in Apple by 1.0% during the fourth quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker's stock valued at $1,181,000 after purchasing an additional 59 shares during the period. Hedge funds and other institutional investors own 60.41% of the company's stock.

Apple Company Profile

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.