February 22, 2018

Insider Trading at Apple Inc.?

12 August 2017, 04:40 | Marlene Myers

Apple's market value has gained US$56bn since its third quarter earnings

Apple's market value has gained US$56bn since its third quarter earnings

Apple Inc. (NASDAQ:AAPL) is another stock that is grabbing investors attention these days. About 11,296 shares traded. Fruth Investment Management's holdings in Apple were worth $1,603,000 as of its most recent SEC filing.

Large investors have recently made changes to their positions in the company. Piedmont Investment Advisors LLC now owns 1,563,433 shares with a value of $224,603,000. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker's stock valued at $95,840,000 after buying an additional 4,137 shares during the period. Saratoga Research & Investment Management boosted its position in shares of Apple by 0.6% in the first quarter. This quarter, Apple sold almost 41 million iPhones, 4.29 million Mac and 11.42 million iPad units during the quarter. iPad unit sales were increased by 28 % compared to the previous quarter and 15 percent year-over-year. The fund owned 630,800 shares of the iPhone maker's stock after selling 18,400 shares during the period. Cordasco Financial Network boosted its position in Apple by 1.0% in the first quarter. It also reduced Toro Co (NYSE:TTC) stake by 10,814 shares and now owns 497,513 shares. Saratoga Research & Investment Management increased its position in shares of Apple by 0.6% in the first quarter. Fisher Asset Management LLC now owns 11,638,395 shares of the iPhone maker's stock valued at $1,671,972,000 after buying an additional 140,368 shares during the last quarter.

Apple has already had quite a stock rally, with shares gaining 11% in the past month, outperforming the S&P 500 SPX, -0.19% which has gained 2%.

Macy's, Inc. (NYSE:M) share price decreased in the last trading session with a previous 52-week high of $45.41. (NASDAQ:AAPL). Moreover, Armstrong Shaw Associate Ct has 4.06% invested in Apple Inc. The stock was trading on above-average volume. The firm's 50 day moving average price is $149.31 and its 200 day moving average price is $143.92. As per Wednesday, October 28, the company rating was maintained by RBC Capital Markets. Stock investors acquired 348,698 call options on the company. This represents an increase of 119% compared to the average daily volume of 63,733 put options.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.10.

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33 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 51065.3 million while high and low sale targets are estimated at 53095 million and 49536.2 million respectively. Currently, Macy's, profit margin for the 12 months is at 2.23%. The business's revenue was up 7.2% on a year-over-year basis. Analysts expect next quarter's EPS to be $3.82 with next year's EPS projected to be $10.80. On average, equities analysts forecast that Apple will post $8.97 EPS for the current fiscal year. Investors of record on Monday, August 14th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.60%. The ex-dividend date is Thursday, August 10th. Apple's payout ratio is now 28.64%. This repurchase authorization authorizes the iPhone maker to buy up to 6.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

TRADEMARK VIOLATION WARNING: "Handelsbanken Fonder AB Lowers Position in Apple Inc". If you are viewing this report on another publication, it was illegally copied and republished in violation of United States and global copyright & trademark law. Meridian Wealth Management LLC bought a new stake in Apple during the fourth quarter worth about $1,504,000.

A number of analysts have recently weighed in on AAPL shares. UBS Group AG reaffirmed a "buy" rating and set a $151.00 price objective on shares of Apple in a research note on Monday, April 24th. FBN Securities upped their price target on shares of Apple from $155.00 to $160.00 and gave the stock an outperform rating in a research report on Thursday, May 4th. Nomura reaffirmed a "buy" rating and set a $165.00 price objective on shares of Apple in a report on Wednesday, July 5th. Rosenblatt maintained the stock with "Buy" rating in Sunday, August 16 report. Twelve research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $167.35.

In other Apple news, insider Luca Maestri sold 4,757 shares of the company's stock in a transaction dated Friday, June 2nd.

Johny Srouji, Sr VP sold $1,542,425 worth of shares at a price of $153.95 on Tue the 30th. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker's stock valued at $31,352,000 after buying an additional 4,483,360 shares during the last quarter. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. FEDERIGHI CRAIG also sold $9.91M worth of Apple Inc. The hedge fund run by Andrew Feldstein held 438,572 shares of the biological products (no diagnostic substances) company at the end of 2016Q4, valued at $12.29 million, up from 300,000 at the end of the previous reported quarter. The disclosure for this sale can be found here. The Markston International Llc holds 436,382 shares with $50.54 million value, down from 466,227 last quarter.

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