Apple Inc. (AAPL) CFO Luca Maestri Sells 16,950 Shares
Apple Inc. (NASDAQ:AAPL) CFO Luca Maestri sold 16,950 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $110.03, for a total transaction of $1,865,008.50. Following the transaction, the chief financial officer now directly owns 12,055 shares in the company, valued at $1,326,411.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Luca Maestri also recently made the following trade(s):
- On Wednesday, August 17th, Luca Maestri sold 11,021 shares of Apple stock. The shares were sold at an average price of $108.93, for a total transaction of $1,200,517.53.
Shares of Apple Inc. (NASDAQ:AAPL) traded up 0.0993% during midday trading on Thursday, hitting $110.9901. 4,253,090 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $114.17 and its 200 day moving average price is $104.25. The firm has a market cap of $591.83 billion, a PE ratio of 13.3562 and a beta of 1.34. Apple Inc. has a one year low of $89.47 and a one year high of $121.81.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, October 25th. The iPhone maker reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.01. The business had revenue of $46.85 billion for the quarter, compared to analysts’ expectations of $46.88 billion. Apple had a net margin of 21.19% and a return on equity of 35.59%. The business’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.96 EPS. Equities research analysts forecast that Apple Inc. will post $9.04 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Monday, November 7th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 2.06%. Apple’s payout ratio is 27.57%.
A number of research firms have issued reports on AAPL. Barclays PLC restated a “buy” rating on shares of Apple in a report on Sunday, July 17th. Credit Suisse Group AG reiterated a “buy” rating and set a $150.00 price objective on shares of Apple in a report on Sunday, July 17th. Brean Capital reiterated a “buy” rating and set a $125.00 price objective on shares of Apple in a report on Wednesday, July 27th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Apple in a report on Thursday, August 11th. Finally, Vetr upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $102.99 price objective on the stock in a report on Monday, July 25th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, forty-two have issued a buy rating and two have given a strong buy rating to the stock. Apple has a consensus rating of “Buy” and an average price target of $128.29.
Large investors have recently modified their holdings of the stock. Venturi Wealth Management LLC boosted its stake in shares of Apple by 18.0% in the third quarter. Venturi Wealth Management LLC now owns 9,326 shares of the iPhone maker’s stock worth $1,054,000 after buying an additional 1,425 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Apple by 108.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 25,887 shares of the iPhone maker’s stock worth $2,927,000 after buying an additional 13,487 shares during the last quarter. Columbus Circle Investors boosted its stake in shares of Apple by 27.6% in the third quarter. Columbus Circle Investors now owns 2,513,016 shares of the iPhone maker’s stock worth $284,096,000 after buying an additional 542,997 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its stake in shares of Apple by 547.7% in the third quarter. Riggs Asset Managment Co. Inc. now owns 27,853 shares of the iPhone maker’s stock worth $3,149,000 after buying an additional 23,553 shares during the last quarter. Finally, Princeton Alpha Management LP boosted its stake in shares of Apple by 19.7% in the third quarter. Princeton Alpha Management LP now owns 32,584 shares of the iPhone maker’s stock worth $3,684,000 after buying an additional 5,368 shares during the last quarter. 56.35% 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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