Apple Inc. (AAPL) Insider Philip W. Schiller Sells 47,796 Shares
Apple Inc. (NASDAQ:AAPL) insider Philip W. Schiller sold 47,796 shares of the company’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $143.32, for a total value of $6,850,122.72. Following the transaction, the insider now owns 94,010 shares of the company’s stock, valued at $13,473,513.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Apple Inc. (NASDAQ:AAPL) traded down 0.12% on Friday, reaching $142.27. The company had a trading volume of 17,311,584 shares. The company’s 50 day moving average is $141.36 and its 200-day moving average is $124.37. Apple Inc. has a one year low of $89.47 and a one year high of $145.46. The firm has a market capitalization of $746.43 billion, a price-to-earnings ratio of 17.08 and a beta of 1.26.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, January 31st. The iPhone maker reported $3.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.22 by $0.14. The company earned $78.35 billion during the quarter, compared to the consensus estimate of $77.37 billion. Apple had a net margin of 20.73% and a return on equity of 34.94%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.28 earnings per share. On average, equities research analysts expect that Apple Inc. will post $8.95 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the company. Jacobs & Co. CA increased its stake in Apple by 1.5% in the third quarter. Jacobs & Co. CA now owns 108,831 shares of the iPhone maker’s stock worth $12,303,000 after buying an additional 1,601 shares during the period. 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 period. Naples Global Advisors LLC increased its stake in Apple by 3.6% in the third quarter. Naples Global Advisors LLC now owns 35,632 shares of the iPhone maker’s stock worth $4,028,000 after buying an additional 1,231 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Apple by 32.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 1,327,816 shares of the iPhone maker’s stock worth $150,110,000 after buying an additional 323,995 shares during the period. Finally, Kelman Lazarov Inc. increased its stake in Apple by 5.3% in the third quarter. Kelman Lazarov Inc. now owns 11,639 shares of the iPhone maker’s stock worth $1,315,000 after buying an additional 581 shares during the period. 58.76% of the stock is owned by institutional investors and hedge funds.
AAPL has been the subject of a number of research analyst reports. Oppenheimer Holdings Inc. reiterated a “” rating on shares of Apple in a report on Wednesday, February 22nd. UBS Group AG boosted their price objective on Apple from $165.00 to $200.00 in a research report on Sunday, April 2nd. Vetr cut Apple from a “strong-buy” rating to a “buy” rating and set a $133.22 price objective on the stock. in a research report on Monday, January 9th. Brean Capital restated a “buy” rating on shares of Apple in a research report on Friday, January 6th. Finally, Longbow Research set a $140.00 price objective on Apple and gave the company a “buy” rating in a research report on Thursday, January 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $147.25.
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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