Apple Inc. (NASDAQ:AAPL) insider Daniel J. Riccio sold 11,949 shares of the business’s stock in a transaction dated Thursday, April 6th. The shares were sold at an average price of $143.98, for a total transaction of $1,720,417.02. Following the completion of the transaction, the insider now owns 35,847 shares in the company, valued at $5,161,251.06. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Daniel J. Riccio also recently made the following trade(s):
- On Wednesday, January 18th, Daniel J. Riccio sold 10,942 shares of Apple stock. The stock was sold at an average price of $119.99, for a total transaction of $1,312,930.58.
Shares of Apple Inc. (NASDAQ:AAPL) traded down 0.12% during trading on Friday, reaching $142.27. The company’s stock had a trading volume of 17,267,674 shares. The company has a market cap of $746.43 billion, a PE ratio of 17.08 and a beta of 1.26. Apple Inc. has a 52 week low of $89.47 and a 52 week high of $145.46. The stock’s 50 day moving average price is $141.36 and its 200 day moving average price is $124.37.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, January 31st. The iPhone maker reported $3.36 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.14. Apple had a return on equity of 34.94% and a net margin of 20.73%. The firm had revenue of $78.35 billion for the quarter, compared to analyst estimates of $77.37 billion. During the same period in the prior year, the firm posted $3.28 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts predict that Apple Inc. will post $8.95 EPS for the current year.
A number of research firms have issued reports on AAPL. Guggenheim reiterated a “buy” rating and set a $180.00 target price on shares of Apple in a report on Wednesday. Goldman Sachs Group Inc reiterated a “buy” rating and set a $150.00 target price on shares of Apple in a report on Tuesday. Macquarie set a $160.00 target price on shares of Apple and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus increased their target price on shares of Apple from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Canaccord Genuity increased their target price on shares of Apple from $140.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. Apple currently has an average rating of “Buy” and an average target price of $147.25.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp increased its stake in Apple by 2.0% in the fourth quarter. State Street Corp now owns 219,739,579 shares of the iPhone maker’s stock worth $25,450,260,000 after buying an additional 4,301,005 shares during the last quarter. Norges Bank bought a new stake in Apple during the fourth quarter worth $5,625,709,000. Franklin Resources Inc. increased its stake in Apple by 4.8% in the fourth quarter. Franklin Resources Inc. now owns 25,455,705 shares of the iPhone maker’s stock worth $2,948,422,000 after buying an additional 1,156,639 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Apple by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,526,123 shares of the iPhone maker’s stock worth $1,914,178,000 after buying an additional 45,124 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in Apple by 0.5% in the third quarter. Fisher Asset Management LLC now owns 11,372,309 shares of the iPhone maker’s stock worth $1,285,640,000 after buying an additional 57,369 shares during the last quarter. 58.76% of the stock is currently owned by hedge funds and other institutional investors.
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.
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