Daniel J. Riccio Sells 15,641 Shares of Apple Inc. (AAPL) Stock

Apple Inc. (NASDAQ:AAPL) insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $174.78, for a total value of $2,733,733.98. Following the sale, the insider now directly owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Apple Inc. (NASDAQ:AAPL) opened at $176.19 on Wednesday. The company has a market capitalization of $904,610.00, a P/E ratio of 19.17, a PEG ratio of 1.45 and a beta of 1.23. Apple Inc. has a 1-year low of $118.22 and a 1-year high of $179.39. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The firm had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. sell-side analysts expect that Apple Inc. will post 11.18 EPS for the current year.

AAPL has been the subject of a number of research reports. ValuEngine raised Apple from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Piper Jaffray Companies reissued a “buy” rating and set a $200.00 target price on shares of Apple in a research note on Tuesday, January 2nd. BMO Capital Markets reaffirmed a “buy” rating and set a $199.00 price target on shares of Apple in a research note on Wednesday, December 20th. Rosenblatt Securities set a $180.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $195.00 price target on shares of Apple in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, nine have given a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. Apple presently has a consensus rating of “Buy” and a consensus target price of $198.94.

A number of institutional investors have recently made changes to their positions in the stock. Blue Sky Asset Management LLC bought a new position in Apple in the 2nd quarter valued at $108,000. Hefty Wealth Partners grew its stake in Apple by 27.6% in the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 174 shares during the period. FNY Managed Accounts LLC grew its stake in Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 716 shares during the period. Private Vista LLC bought a new position in Apple in the 2nd quarter valued at $122,000. Finally, Armbruster Capital Management Inc. grew its stake in Apple by 9.4% in the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after purchasing an additional 78 shares during the period. Institutional investors and hedge funds own 60.19% of the company’s stock.

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Apple Company Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. 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.

Insider Buying and Selling by Quarter for Apple (NASDAQ:AAPL)

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