Insider Selling: Apple Inc. (NASDAQ:AAPL) Insider Sells $884,496.24 in Stock

Apple Inc. (NASDAQ:AAPL) insider Chris Kondo sold 4,806 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $184.04, for a total transaction of $884,496.24. Following the completion of the sale, the insider now owns 34,687 shares in the company, valued at $6,383,795.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Apple Trading Up 0.9 %

Shares of NASDAQ AAPL opened at $189.71 on Friday. Apple Inc. has a 1-year low of $124.17 and a 1-year high of $198.23. The company has a 50-day moving average of $176.68 and a two-hundred day moving average of $180.53. The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 1.53. The company has a market cap of $2.95 trillion, a PE ratio of 31.00, a P/E/G ratio of 2.55 and a beta of 1.30.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $1.46 EPS for the quarter, topping the consensus estimate of $1.39 by $0.07. Apple had a net margin of 25.31% and a return on equity of 160.78%. The company had revenue of $89.50 billion during the quarter, compared to analysts’ expectations of $89.34 billion. During the same quarter in the previous year, the company earned $1.29 EPS. Apple’s revenue was down .7% on a year-over-year basis. As a group, equities analysts expect that Apple Inc. will post 6.56 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, November 10th. Apple’s dividend payout ratio is 15.69%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AAPL. Jefferies Financial Group reduced their price objective on shares of Apple from $220.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Piper Sandler Companies raised their price objective on shares of Apple from $180.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, July 31st. StockNews.com began coverage on shares of Apple in a report on Thursday, October 5th. They set a “hold” rating for the company. Evercore ISI reaffirmed an “outperform” rating and set a $210.00 price objective on shares of Apple in a report on Thursday, September 28th. Finally, Wells Fargo & Company raised their price objective on shares of Apple from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, July 24th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $198.25.

Institutional Investors Weigh In On Apple

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Apple by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after purchasing an additional 8,734,393 shares during the period. Berkshire Hathaway Inc grew its holdings in Apple by 2.3% during the first quarter. Berkshire Hathaway Inc now owns 915,560,382 shares of the iPhone maker’s stock valued at $150,975,907,000 after purchasing an additional 20,424,207 shares during the period. State Street Corp grew its holdings in Apple by 0.5% during the second quarter. State Street Corp now owns 578,897,858 shares of the iPhone maker’s stock valued at $112,288,818,000 after purchasing an additional 2,616,084 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in Apple by 116,483.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after purchasing an additional 569,066,184 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Apple by 2.2% during the second quarter. Geode Capital Management LLC now owns 291,538,165 shares of the iPhone maker’s stock valued at $56,396,763,000 after purchasing an additional 6,367,053 shares during the period. Institutional investors and hedge funds own 58.51% of the company’s stock.

About Apple

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.