Apple Inc. (NASDAQ:AAPL) Insider Sells $945,233.10 in Stock

Apple Inc. (NASDAQ:AAPL) insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Apple Stock Performance

Apple stock opened at $228.44 on Friday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The company’s 50-day moving average is $227.59 and its two-hundred day moving average is $217.47. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The company has a market cap of $3.45 trillion, a PE ratio of 37.57, a PEG ratio of 2.24 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.46 earnings per share. Equities analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is currently 16.45%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AAPL shares. Melius Research reiterated a “buy” rating and issued a $265.00 target price on shares of Apple in a report on Tuesday, August 27th. Loop Capital reduced their target price on Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Bank of America reissued a “buy” rating and set a $256.00 price objective on shares of Apple in a research report on Thursday, October 3rd. Oppenheimer reaffirmed a “buy” rating and issued a $250.00 target price on shares of Apple in a research report on Tuesday, October 1st. Finally, Barclays dropped their price target on shares of Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $235.25.

Institutional Investors Weigh In On Apple

A number of hedge funds and other institutional investors have recently made changes to their positions in AAPL. China Universal Asset Management Co. Ltd. increased its holdings in shares of Apple by 127.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after acquiring an additional 42,282 shares during the last quarter. Independent Family Office LLC lifted its stake in shares of Apple by 3.9% during the 1st quarter. Independent Family Office LLC now owns 6,529 shares of the iPhone maker’s stock worth $1,120,000 after buying an additional 244 shares during the last quarter. M3 Advisory Group LLC boosted its holdings in shares of Apple by 15.3% during the 1st quarter. M3 Advisory Group LLC now owns 14,007 shares of the iPhone maker’s stock worth $2,402,000 after buying an additional 1,860 shares during the period. Caprock Group LLC grew its stake in Apple by 1.8% in the 1st quarter. Caprock Group LLC now owns 299,940 shares of the iPhone maker’s stock valued at $51,434,000 after buying an additional 5,431 shares during the last quarter. Finally, Forbes Financial Planning Inc. raised its holdings in Apple by 4.0% in the 1st quarter. Forbes Financial Planning Inc. now owns 22,660 shares of the iPhone maker’s stock valued at $3,886,000 after acquiring an additional 865 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

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.