AAPL stock traded up $0.51 during mid-day trading on Friday, reaching $157.28. 116,056,058 shares of the company traded hands, compared to its average volume of 93,955,469. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.93 and a quick ratio of 0.88. The company has a market capitalization of $2.55 trillion, a P/E ratio of 25.53, a P/E/G ratio of 2.09 and a beta of 1.19. Apple Inc. has a 52-week low of $122.25 and a 52-week high of $182.94. The company has a fifty day moving average price of $165.46 and a 200-day moving average price of $165.37.
Rating for Apple Inc.) SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 4th. The stock was sold for a total of $4,043,000.00 at an average price of $161.72 per share. Following the sale, the senior vice president now directly owns 452,334 shares of the company’s stock worth $73,151,454.48. The sale was disclosed in an SEC filing, which may be seen on the SEC website.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 12th. Investors of record on Monday, May 9th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.58%. This is a boost from Apple’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, May 6th. Apple’s dividend payout ratio is 14.29%.
Apple (NASDAQ:AAPL – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The iPhone maker reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.09. The company had revenue of $97.28 billion for the quarter, compared to analysts’ expectations of $93.99 billion. Apple had a net margin of 26.41% and a return on equity of 152.88%. Apple’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 earnings per share. As a group, analysts forecast that Apple Inc. will post 6.11 EPS for the current year.
Several analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Apple in a research report on Thursday, March 31st. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Apple from $210.00 to $200.00 in a research report on Friday, April 29th. Sanford C. Bernstein set a $170.00 price target on shares of Apple in a research report on Monday. Raymond James lifted their price target on shares of Apple from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, January 28th. Finally, Tigress Financial lifted their price target on shares of Apple from $198.00 to $210.00 and gave the company a “strong-buy” rating in a research report on Tuesday, February 15th. Eight investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $189.85.
Apple announced that its board has authorized a share repurchase plan on Thursday, April 28th that authorizes the company to buyback $90.00 billion in shares. This buyback authorization authorizes the iPhone maker to reacquire up to 3.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.
Several large investors have recently added to or reduced their stakes in the company. Retirement Income Solutions Inc boosted its stake in shares of Apple by 0.8% during the first quarter. Retirement Income Solutions Inc now owns 17,160 shares of the iPhone maker’s stock valued at $2,996,000 after purchasing an additional 129 shares during the period. Curi Wealth Management LLC boosted its stake in shares of Apple by 207.3% during the first quarter. Curi Wealth Management LLC now owns 35,857 shares of the iPhone.