Apple Inc. (NASDAQ:AAPL) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 40,360,782 shares, a decline of 13.4% from the January 15th total of 46,579,709 shares. Based on an average trading volume of 34,248,007 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.9% of the company’s stock are short sold.
Apple stock opened at $170.18 on Thursday. The stock has a market cap of $837.59 billion, a PE ratio of 14.29, a PEG ratio of 1.75 and a beta of 1.13. Apple has a fifty-two week low of $142.00 and a fifty-two week high of $233.47. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.79.
Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 EPS for the quarter, topping the consensus estimate of $4.17 by $0.01. The business had revenue of $84.31 billion during the quarter, compared to the consensus estimate of $84.07 billion. Apple had a net margin of 22.72% and a return on equity of 50.92%. Research analysts expect that Apple will post 11.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Monday, February 11th will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, February 8th. Apple’s payout ratio is 24.52%.
In other Apple news, Director Arthur D. Levinson sold 1,521 shares of Apple stock in a transaction on Friday, February 1st. The shares were sold at an average price of $167.71, for a total value of $255,086.91. Following the sale, the director now directly owns 1,134,804 shares in the company, valued at approximately $190,317,978.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chris Kondo sold 3,408 shares of Apple stock in a transaction on Monday, November 19th. The shares were sold at an average price of $190.00, for a total transaction of $647,520.00. Following the completion of the sale, the insider now owns 8,940 shares in the company, valued at $1,698,600. The disclosure for this sale can be found here. Insiders own 0.05% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Birch Hill Investment Advisors LLC boosted its holdings in Apple by 1.0% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 178,707 shares of the iPhone maker’s stock valued at $28,189,000 after purchasing an additional 1,761 shares during the period. BOKF NA boosted its holdings in Apple by 2.5% in the 4th quarter. BOKF NA now owns 413,293 shares of the iPhone maker’s stock valued at $65,193,000 after purchasing an additional 10,194 shares during the period. RMB Capital Management LLC boosted its holdings in Apple by 0.8% in the 4th quarter. RMB Capital Management LLC now owns 184,068 shares of the iPhone maker’s stock valued at $29,035,000 after purchasing an additional 1,517 shares during the period. Thoroughbred Financial Services LLC bought a new stake in Apple in the 4th quarter valued at about $7,626,000. Finally, American International Group Inc. boosted its holdings in Apple by 9.6% in the 4th quarter. American International Group Inc. now owns 1,959,349 shares of the iPhone maker’s stock valued at $309,068,000 after purchasing an additional 171,492 shares during the period. 60.22% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Apple from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Maxim Group reiterated a “hold” rating and issued a $212.00 price target (down from $221.00) on shares of Apple in a research note on Friday, November 2nd. Goldman Sachs Group reiterated a “neutral” rating and issued a $222.00 price target on shares of Apple in a research note on Friday, November 2nd. Bank of America lowered shares of Apple from a “buy” rating to a “neutral” rating in a research note on Friday, November 2nd. Finally, Wedbush upgraded shares of Apple to an “outperform” rating and set a $310.00 price target on the stock in a research note on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, twenty-four have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $191.66.
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Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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