Apple (AAPL) Sets New 12-Month High at $179.64
Apple Inc. (NASDAQ:AAPL) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $179.64 and last traded at $179.75, with a volume of 18260000 shares traded. The stock had previously closed at $179.10.
Several research analysts recently issued reports on the company. Zacks Investment Research upgraded Apple from a “hold” rating to a “buy” rating and set a $197.00 price objective for the company in a research report on Thursday. Barclays set a $174.00 price objective on Apple and gave the stock a “neutral” rating in a research report on Thursday. Longbow Research downgraded Apple from a “buy” rating to a “neutral” rating in a research report on Wednesday. Bank of America restated a “buy” rating and set a $180.00 price objective on shares of Apple in a research report on Tuesday, September 26th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $150.00 price objective on shares of Apple in a research report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $200.25.
The company has a market capitalization of $920,380.00, a P/E ratio of 19.51, a PEG ratio of 1.44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28.
In related news, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the sale, the insider now owns 39,682 shares in the company, valued at $6,839,192.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Johny Srouji sold 5,760 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the sale, the senior vice president now owns 81,560 shares in the company, valued at approximately $14,224,064. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,412 shares of company stock worth $22,115,155. Company insiders own 0.08% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Sky Asset Management LLC bought a new position in shares of Apple in the second quarter valued at approximately $108,000. FNY Managed Accounts LLC boosted its holdings in shares of Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 716 shares in the last quarter. Private Vista LLC bought a new position in shares of Apple in the second quarter valued at approximately $122,000. Armbruster Capital Management Inc. boosted its holdings in shares of Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after acquiring an additional 78 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of Apple in the second quarter valued at approximately $149,000. Hedge funds and other institutional investors own 60.19% of the company’s stock.
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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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