Key Points
- Apple insider Ben Borders sold 1,274 shares on May 8 at an average price of $290, totaling $369,460. After the sale, he still held 38,713 shares, and the trade reduced his position by 3.19%.
- Apple recently beat quarterly earnings expectations, reporting $2.01 EPS versus $1.95 expected and revenue of $111.18 billion, up 16.6% year over year. The company also expects 8.74 EPS for the current fiscal year.
- Apple raised its quarterly dividend to $0.27 per share from $0.26, payable May 14, which works out to an annualized yield of about 0.4%. Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average target price of $305.74.
Apple Inc. (NASDAQ:AAPL - Get Free Report) insider Ben Borders sold 1,274 shares of the business's stock in a transaction on Friday, May 8th. The stock was sold at an average price of $290.00, for a total value of $369,460.00. Following the transaction, the insider directly owned 38,713 shares of the company's stock, valued at $11,226,770. This trade represents a 3.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Apple Price Performance
Apple stock opened at $294.80 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a 52 week low of $193.46 and a 52 week high of $295.27. The stock has a market capitalization of $4.33 trillion, a P/E ratio of 35.65, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. The stock has a fifty day moving average of $263.24 and a 200-day moving average of $266.73.
Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The company had revenue of $111.18 billion during the quarter, compared to analysts' expectations of $109.46 billion. During the same quarter in the previous year, the firm earned $1.65 EPS. Apple's revenue was up 16.6% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 8.74 earnings per share for the current fiscal year.
Apple Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Monday, May 11th will be issued a dividend of $0.27 per share. This is an increase from Apple's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. Apple's payout ratio is presently 13.06%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Robert W. Baird set a $310.00 target price on Apple in a report on Friday, May 1st. Morgan Stanley reaffirmed an "overweight" rating and issued a $330.00 target price (up from $315.00) on shares of Apple in a report on Friday, May 1st. Stephens set a $315.00 target price on Apple in a report on Monday, January 26th. Stifel Nicolaus set a $330.00 target price on Apple in a report on Monday, March 2nd. Finally, Jefferies Financial Group set a $330.00 target price on Apple in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and an average target price of $305.74.
Check Out Our Latest Report on Apple
Apple News Roundup
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple’s upcoming WWDC is seen as a major catalyst that could reset investor expectations around its AI roadmap and support another leg higher if management delivers a stronger vision for Siri, iOS, and future devices. The Event That Could Redefine Apple’s Summer Rally
- Positive Sentiment: Apple is also being viewed more favorably after reports highlighted strong supply-chain execution, continued AI-services potential, and a growing case for the stock as a momentum name. Apple (AAPL) Gains Wall Street Confidence on Supply Chain Strength and AI Services Potential
- Positive Sentiment: Apple and Google are rolling out end-to-end encrypted RCS messaging between iPhone and Android users, which should improve the messaging experience and support the ecosystem value proposition. Apple And Google Finally Close SMS Security Gap...
- Neutral Sentiment: Reports say Apple is planning customizable camera controls and Siri design changes in iOS 27, which could help future product appeal but are still early-stage software rumors. Apple Plans Customizable Camera for Pros, Siri Design Changes in iOS 27
- Neutral Sentiment: Apple’s director and an insider both sold shares recently, which can create some caution, but the sales appear modest relative to Apple’s overall size and recent record earnings. Apple Board Veteran Sells $71 Million in Stock After Record Earnings
- Negative Sentiment: A new federal appeals-court decision temporarily keeping Trump’s 10% global tariffs in place could preserve cost pressure on imported consumer electronics, including Apple products. Appeals Court Temporarily Reinstates Trump’s 10% Global Tariffs
- Negative Sentiment: Apple’s insider Ben Borders sold 1,274 shares, a small signal that may slightly dampen sentiment, though it is not large enough on its own to change the broader bullish narrative. SEC insider filing
Institutional Investors Weigh In On Apple
Institutional investors and hedge funds have recently made changes to their positions in the stock. Sellwood Investment Partners LLC increased its stake in shares of Apple by 110.9% in the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock valued at $34,000 after buying an additional 71 shares during the period. Lifetime Wealth Management P.C. acquired a new stake in shares of Apple in the fourth quarter valued at about $41,000. ROSS JOHNSON & Associates LLC increased its stake in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after buying an additional 180 shares during the period. Timmons Wealth Management LLC acquired a new stake in shares of Apple in the fourth quarter valued at about $69,000. Finally, LSV Asset Management acquired a new stake in shares of Apple in the fourth quarter valued at about $65,000. Institutional investors and hedge funds own 67.73% of the company's stock.
Apple Company Profile
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Get Free Report)
Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.
Apple's principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.
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