Apple (NASDAQ:AAPL) Shares Up 0%

Apple Inc. (NASDAQ:AAPL)’s share price traded up 0% during mid-day trading on Monday . The company traded as high as $166.23 and last traded at $165.02. 12,353,257 shares were traded during mid-day trading, a decline of 80% from the average session volume of 60,575,000 shares. The stock had previously closed at $165.00.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $250.00 price target on shares of Apple in a research note on Tuesday, April 9th. JPMorgan Chase & Co. reduced their target price on shares of Apple from $215.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Robert W. Baird boosted their target price on shares of Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Monness Crespi & Hardt raised their price target on shares of Apple from $189.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Redburn Partners lowered Apple to a “neutral” rating and set a $200.00 price objective for the company. in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $203.05.

Apple Price Performance

The company has a 50 day moving average of $173.88 and a two-hundred day moving average of $182.03. The firm has a market cap of $2.58 trillion, a P/E ratio of 26.00, a PEG ratio of 1.99 and a beta of 1.27. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The company had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. Apple’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.88 EPS. Sell-side analysts expect that Apple Inc. will post 6.54 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a $0.24 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.58%. Apple’s dividend payout ratio (DPR) is 14.95%.

Insider Buying and Selling

In other news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the sale, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the sale, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The disclosure for this sale can be found here. Insiders have sold 366,271 shares of company stock worth $63,653,887 in the last three months. 0.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Apple

Institutional investors have recently bought and sold shares of the stock. Kingdom Financial Group LLC. grew its holdings in Apple by 5.5% during the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock valued at $1,963,000 after purchasing an additional 598 shares during the last quarter. RFG Advisory LLC grew its stake in Apple by 13.6% in the 3rd quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock valued at $29,589,000 after buying an additional 20,737 shares during the last quarter. Headinvest LLC raised its holdings in Apple by 1.7% in the 3rd quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock worth $9,236,000 after acquiring an additional 872 shares during the period. Sound Income Strategies LLC lifted its position in Apple by 16.1% during the 4th quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock worth $14,461,000 after acquiring an additional 10,425 shares during the last quarter. Finally, DNB Asset Management AS boosted its holdings in Apple by 6.9% during the fourth quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock valued at $829,240,000 after acquiring an additional 279,311 shares during the period. 60.41% of the stock is currently owned by institutional investors.

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.