Apple Inc. (NASDAQ:AAPL) CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction on Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Apple Inc. (NASDAQ AAPL) opened at 162.91 on Wednesday. Apple Inc. has a 12 month low of $102.53 and a 12 month high of $163.12. The company has a market cap of $841.47 billion, a price-to-earnings ratio of 18.50 and a beta of 1.31. The company’s 50-day moving average is $153.93 and its 200-day moving average is $146.76.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The firm had revenue of $45.41 billion for the quarter, compared to analysts’ expectations of $44.94 billion. During the same quarter in the prior year, the firm earned $1.42 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities research analysts anticipate that Apple Inc. will post $9.02 earnings per share for the current year.

Apple declared that its Board of Directors has approved a share repurchase plan on Tuesday, May 2nd that permits the company to buyback $50.00 billion in outstanding shares. This buyback authorization permits the iPhone maker to reacquire up to 6.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.55%. Apple’s dividend payout ratio is presently 28.64%.

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Several hedge funds and other institutional investors have recently modified their holdings of AAPL. Stone House Investment Management LLC boosted its position in shares of Apple by 0.4% in the second quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after buying an additional 6 shares in the last quarter. FC Advisory LLC boosted its position in shares of Apple by 0.4% in the second quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock worth $371,000 after buying an additional 10 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in shares of Apple by 0.3% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after buying an additional 17 shares in the last quarter. Stonehearth Capital Management LLC boosted its position in shares of Apple by 0.8% in the first quarter. Stonehearth Capital Management LLC now owns 2,378 shares of the iPhone maker’s stock worth $342,000 after buying an additional 20 shares in the last quarter. Finally, Lenox Wealth Advisors Inc. boosted its position in shares of Apple by 0.4% in the second quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock worth $716,000 after buying an additional 20 shares in the last quarter. 60.43% of the stock is currently owned by hedge funds and other institutional investors.

AAPL has been the topic of a number of recent research reports. Oppenheimer Holdings, Inc. restated a “” rating on shares of Apple in a research note on Thursday, August 10th. Maxim Group lifted their price objective on shares of Apple from $163.00 to $171.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Nomura set a $165.00 price objective on shares of Apple and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $164.00 price objective (up from $150.00) on shares of Apple in a research note on Wednesday, May 3rd. Finally, UBS AG set a $165.00 price objective on shares of Apple and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Eleven research analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $168.59.

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.

Insider Buying and Selling by Quarter for Apple (NASDAQ:AAPL)

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