Apple (NASDAQ:AAPL) Shares Up 0%

Apple Inc. (NASDAQ:AAPL) shares traded up 0% during trading on Monday . The stock traded as high as $166.23 and last traded at $165.02. 12,353,257 shares changed hands during trading, a decline of 80% from the average session volume of 60,575,000 shares. The stock had previously closed at $165.00.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $220.00 target price on shares of Apple in a research note on Tuesday, April 16th. Barclays reaffirmed an “underweight” rating and issued a $158.00 price objective on shares of Apple in a research note on Tuesday. Bank of America raised Apple from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $208.00 to $225.00 in a research note on Thursday, January 18th. Piper Sandler Companies cut shares of Apple to a “neutral” rating and dropped their target price for the stock from $220.00 to $205.00 in a report on Thursday, January 4th. Finally, Citigroup reaffirmed a “buy” rating and set a $225.00 price target on shares of Apple in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $203.05.

Apple Stock Up 0.6 %

The stock’s 50-day moving average price is $173.88 and its 200-day moving average price is $182.03. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The stock has a market cap of $2.58 trillion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 1.99 and a beta of 1.27.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. Apple’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.88 earnings per share. On average, sell-side analysts expect that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is 14.95%.

Insider Activity at Apple

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the sale, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock worth $63,653,887 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AAPL. Wyrmwood Management LLC increased its position in shares of Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after acquiring an additional 69 shares during the last quarter. Gilfoyle & Co LLC raised its stake in shares of Apple by 118.0% during the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after purchasing an additional 118 shares during the period. A.P. Gilfoyle & Co. L.P. bought a new position in Apple during the fourth quarter valued at about $39,000. University of Texas Texas AM Investment Managment Co. increased its holdings in Apple by 657.1% during the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after buying an additional 368 shares during the last quarter. Finally, Clarity Asset Management Inc. bought a new stake in Apple in the fourth quarter worth about $85,000. 60.41% of the stock is owned by institutional investors.

About Apple

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.