Apple (NASDAQ:AAPL) Trading Up 0%

Shares of Apple Inc. (NASDAQ:AAPL) rose 0% during trading on Friday . The stock traded as high as $223.60 and last traded at $222.85. Approximately 8,859,383 shares were traded during trading, a decline of 85% from the average daily volume of 60,755,750 shares. The stock had previously closed at $222.77.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays decreased their target price on shares of Apple from $187.00 to $186.00 and set an “underweight” rating on the stock in a research report on Friday, August 2nd. DA Davidson upgraded Apple from a “neutral” rating to a “buy” rating and increased their target price for the company from $200.00 to $230.00 in a report on Tuesday, June 11th. Maxim Group reaffirmed a “hold” rating and issued a $203.00 price target on shares of Apple in a research note on Tuesday, September 10th. Needham & Company LLC reissued a “buy” rating and set a $260.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Finally, Robert W. Baird lifted their target price on shares of Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $238.62.

Apple Stock Down 0.1 %

The stock’s 50 day simple moving average is $223.14 and its two-hundred day simple moving average is $198.63. The firm has a market cap of $3.38 trillion, a P/E ratio of 34.60, a P/E/G ratio of 2.62 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. During the same quarter last year, the company earned $1.26 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, research analysts forecast that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio is presently 15.55%.

Insider Activity at Apple

In other Apple news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 113,884 shares of company stock valued at $23,723,887. 0.06% of the stock is owned by insiders.

Institutional Trading of Apple

A number of institutional investors have recently made changes to their positions in AAPL. American Trust boosted its holdings in Apple by 11.5% in the second quarter. American Trust now owns 72,174 shares of the iPhone maker’s stock worth $15,201,000 after purchasing an additional 7,428 shares during the last quarter. Summit Wealth Partners LLC lifted its holdings in shares of Apple by 4.8% during the 2nd quarter. Summit Wealth Partners LLC now owns 19,903 shares of the iPhone maker’s stock valued at $4,192,000 after buying an additional 920 shares during the period. SS&H Financial Advisors Inc. boosted its stake in shares of Apple by 1.3% in the 2nd quarter. SS&H Financial Advisors Inc. now owns 79,910 shares of the iPhone maker’s stock worth $16,830,000 after buying an additional 997 shares during the last quarter. Cannon Financial Strategists Inc. bought a new stake in shares of Apple in the second quarter worth $563,000. Finally, Brightwater Advisory LLC purchased a new stake in Apple during the second quarter valued at $2,360,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Company Profile

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.