Daily Flux Report

Apple Inc. (NASDAQ:AAPL) COO Sells $24,997,000.00 in Stock


Apple Inc. (NASDAQ:AAPL) COO Sells $24,997,000.00 in Stock

Apple Inc. (NASDAQ:AAPL - Get Free Report) COO Jeffrey E. Williams sold 100,000 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

AAPL traded down $5.43 during trading on Wednesday, reaching $248.05. The company had a trading volume of 56,641,826 shares, compared to its average volume of 57,296,777. The firm's 50-day simple moving average is $233.64 and its 200 day simple moving average is $224.73. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market cap of $3.75 trillion, a price-to-earnings ratio of 40.80, a PEG ratio of 2.41 and a beta of 1.23. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $254.28.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same period last year, the firm posted $1.46 earnings per share. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.40%. Apple's dividend payout ratio (DPR) is presently 16.45%.

Several analysts recently issued reports on AAPL shares. Piper Sandler reaffirmed a "neutral" rating and issued a $225.00 price target on shares of Apple in a report on Wednesday, October 9th. Jefferies Financial Group cut shares of Apple from a "buy" rating to a "hold" rating and increased their price target for the stock from $205.00 to $212.92 in a research report on Monday, October 7th. Barclays decreased their price target on Apple from $186.00 to $184.00 and set an "underweight" rating for the company in a research note on Friday, November 1st. UBS Group restated a "neutral" rating and set a $236.00 price objective on shares of Apple in a research note on Monday, December 2nd. Finally, Monness Crespi & Hardt reiterated a "buy" rating and issued a $245.00 target price on shares of Apple in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $236.78.

Check Out Our Latest Stock Report on Apple

Hedge funds have recently bought and sold shares of the business. Bull Oak Capital LLC boosted its position in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. Hershey Financial Advisers LLC acquired a new stake in shares of Apple during the 2nd quarter valued at about $42,000. Christopher J. Hasenberg Inc lifted its holdings in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after buying an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple in the 3rd quarter valued at approximately $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in Apple in the third quarter worth approximately $77,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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