04 August, 2017
75,000 Apple Inc. (NASDAQ:AAPL) shares with value of $11.10 million were sold by AHRENDTS ANGELA J. Maestri Luca had sold 17,897 shares worth $2.51 million. The firm has "Buy" rating given on Tuesday, September 1 by Citigroup. Mizuho restated a "buy" rating and issued a $150.00 target price on shares of Apple in a research note on Wednesday, May 3rd. Atlantic Securities set a $175.00 target price on shares of Apple and gave the company a "buy" rating in a research note on Wednesday. Finally, Guggenheim restated a "buy" rating and issued a $180.00 price objective on shares of Apple in a report on Wednesday, April 19th.
August 2 investment analysts at Barclays made no change to the stock rating of "Equal-Weight" but moved down the price target to $146.00 from $185.00.
Among 3 analysts covering eBay (ETR:EBA), 0 have Buy rating, 0 Sell and 3 Hold. Apple now has an average rating of "Buy" and an average target price of $167.13. (NASDAQ:AAPL). Trustco Bancorp N Y owns 11,935 shares. The stock is expected to report revenue as high as $46.13 Billion and as low as $43.21 Billion per share. Apple has a one year low of $102.53 and a one year high of $157.21. The company has a market cap of $811.12 billion, a PE ratio of 18.25 and a beta of 1.31. (NASDAQ:AAPL). Schwartz Inv Counsel Inc accumulated 0.03% or 3,530 shares. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.10. Revenue for the quarter also killed consensus, coming in at $45.41 Billion, compared to the consensus of 44.89 Billion. Stock value has moved between $4.83 - 7.54 in last one year. During the same period in the prior year, the business earned $1.42 earnings per share. Equities analysts expect that Apple Inc. will post $8.97 earnings per share for the current fiscal year. Apple Inc now has $810.54B valuation.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. The ex-dividend date of this dividend is Thursday, August 10th. The dividend payment was $0.630 per share for the quarter or $2.52 annualized. Apple's dividend payout ratio is now 28.64%.
Apple announced that its board has approved a stock buyback plan on Tuesday, May 2nd that permits the company to repurchase $50.00 billion in shares. This buyback authorization permits the iPhone maker to repurchase up to 6.5% of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.
In related news, SVP D Bruce Sewell sold 67,500 shares of the firm's stock in a transaction on Friday, May 5th. Following the completion of the transaction, the insider now directly owns 13,049 shares of the company's stock, valued at $2,026,770.68. (NASDAQ:AAPL) by 0.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since August 3, 2016 and is uptrending. The shares were sold at an average price of $148.76, for a total value of $10,041,300.00. The disclosure for this sale can be found here. Bluecrest Limited accumulated 18,262 shares or 0.12% of the stock.
A number of other institutional investors also recently bought and sold shares of the company. Glenview Capital Management LLC purchased a new position in Apple during the fourth quarter valued at about $365,191,000.
The 20-day Simple Moving average for Apple Inc. The firm owned 37,059 shares of the iPhone maker's stock after buying an additional 716 shares during the period. Ltd. now owns 9,457,769 shares of the iPhone maker's stock valued at $1,096,072,000 after buying an additional 8,571,027 shares in the last quarter.
Causeway Capital Management Llc decreased its stake in Arcelormittal Sa Luxembourg (MT) by 40.53% based on its latest 2016Q4 regulatory filing with the SEC. Apple makes up 2.1% of Advantage Investment Management LLC's portfolio, making the stock its 9th largest position. Finally, Fisher Asset Management LLC boosted its stake in Apple by 1.2% in the first quarter. The institutional investor held 45,563 shares of the computer manufacturing company at the end of 2016Q4, valued at $5.28 million, down from 51,901 at the end of the previous reported quarter. (MDLZ) now has a value of $43.62 while the company's 52 week low is at $40.50, the shares dropped to the 52 week low on 12/06/16. 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.
