Apple Inc. (AAPL) SVP Sells $5,816,500.00 in Stock

Apple Inc. (NASDAQ:AAPL) SVP Angela J. Ahrendts sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $232.66, for a total value of $5,816,500.00. Following the transaction, the senior vice president now owns 105,538 shares of the company’s stock, valued at approximately $24,554,471.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of AAPL opened at $224.29 on Monday. The company has a quick ratio of 1.24, a current ratio of 1.31 and a debt-to-equity ratio of 0.84. Apple Inc. has a 52-week low of $150.24 and a 52-week high of $233.47. The firm has a market capitalization of $1,109.54 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 1.99 and a beta of 1.36.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, July 31st. The iPhone maker reported $2.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.16. The firm had revenue of $53.27 billion during the quarter, compared to the consensus estimate of $52.43 billion. Apple had a return on equity of 43.50% and a net margin of 21.98%. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. On average, equities research analysts forecast that Apple Inc. will post 11.76 earnings per share for the current year.

Several equities analysts recently commented on the company. Loop Capital raised their target price on Apple from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, July 6th. BidaskClub downgraded Apple from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 12th. Morgan Stanley restated a “buy” rating and set a $247.00 target price on shares of Apple in a research report on Wednesday, September 26th. Royal Bank of Canada restated a “buy” rating and set a $240.00 target price on shares of Apple in a research report on Tuesday, September 11th. Finally, Wells Fargo & Co set a $210.00 target price on Apple and gave the stock a “neutral” rating in a research report on Wednesday, September 5th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $220.78.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAPL. Summit Trail Advisors LLC increased its stake in shares of Apple by 17,669.4% in the 1st quarter. Summit Trail Advisors LLC now owns 20,180,694 shares of the iPhone maker’s stock valued at $20,181,000 after buying an additional 20,067,124 shares during the period. Cornerstone Wealth Management LLC increased its stake in shares of Apple by 18,553.3% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 16,758,709 shares of the iPhone maker’s stock valued at $89,526,000 after buying an additional 16,668,866 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Apple in the 1st quarter valued at $830,026,000. Private Advisor Group LLC increased its stake in shares of Apple by 1,185.5% in the 2nd quarter. Private Advisor Group LLC now owns 4,320,770 shares of the iPhone maker’s stock valued at $800,386,000 after buying an additional 3,984,643 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Apple in the 2nd quarter valued at $706,904,000. 58.58% of the stock is owned by institutional investors.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

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

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