Apple Inc. (NASDAQ:AAPL) insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $169.69, for a total transaction of $2,654,121.29. Following the completion of the transaction, the insider now owns 17,341 shares of the company’s stock, valued at approximately $2,942,594.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Apple Inc. (NASDAQ:AAPL) opened at $171.70 on Wednesday. The stock has a market cap of $883,200.00, a PE ratio of 18.41, a P/E/G ratio of 1.36 and a beta of 1.24. Apple Inc. has a 1-year low of $113.75 and a 1-year high of $176.24. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. During the same period in the prior year, the company posted $1.50 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. analysts predict that Apple Inc. will post 11.18 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a yield of 1.47%. Apple’s dividend payout ratio (DPR) is presently 27.42%.

A number of institutional investors have recently modified their holdings of the business. LaFleur & Godfrey LLC acquired a new stake in Apple during the first quarter worth approximately $28,234,000. Verity & Verity LLC boosted its position in Apple by 4.3% during the first quarter. Verity & Verity LLC now owns 59,562 shares of the iPhone maker’s stock worth $8,557,000 after acquiring an additional 2,471 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Apple by 23.2% during the first quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock worth $1,334,527,000 after acquiring an additional 1,749,797 shares during the last quarter. Orca Investment Management LLC boosted its position in Apple by 78.2% during the first quarter. Orca Investment Management LLC now owns 25,033 shares of the iPhone maker’s stock worth $3,596,000 after acquiring an additional 10,986 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI boosted its position in Apple by 2.8% during the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 75,432 shares of the iPhone maker’s stock worth $10,837,000 after acquiring an additional 2,065 shares during the last quarter. 59.78% of the stock is owned by institutional investors.

Several equities analysts have issued reports on the stock. Nomura set a $185.00 price objective on shares of Apple and gave the company a “buy” rating in a research note on Monday, November 27th. UBS set a $190.00 price objective on shares of Apple and gave the company a “buy” rating in a research note on Monday, November 27th. Vetr downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $178.70 price objective for the company. in a research note on Thursday, November 23rd. Wells Fargo & Company restated a “market perform” rating and issued a $195.00 price objective on shares of Apple in a research note on Tuesday, November 14th. Finally, Argus upped their price objective on shares of Apple from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Seven research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $200.27.

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About Apple

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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