Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.
A number of institutional investors have recently bought and sold shares of the stock. LLC boosted its stake in shares of Apple by 1.3% in the second quarter. Global Financial Private Capital LLC increased its position in Apple by 3.8% in the second quarter. The iPhone 8 has a vertically aligned dual camera sensor while the 7S Plus has a similar horizontally aligned camera sensor as we saw in the iPhone 7 Plus. 26,257,096 shares of the stock were exchanged. The company has a market capitalization of $813.42 billion, a P/E ratio of 17.88 and a beta of 1.31.
Shares of Apple Inc. The stock's 50 day moving average price is $149.92 and its 200 day moving average price is $144.27.
Apple Inc. has a 1-year low of $102.53 and a 1-year high of $161.83.
Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, August 1st.
Earlier this year, one of the first who told about the appearance of a virtual Home button was Ming-Chi Kuo, an analyst at KGI Securities. Apple had a return on equity of 35.40% and a net margin of 20.87%. The firm had revenue of $45.41 billion during the quarter, compared to analyst estimates of $44.94 billion. During the same quarter in the previous year, the firm posted $1.42 EPS. The firm's quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts expect that Apple Inc. will post $9.02 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Let's not forget the other great devices expected this fall including the Samsung Galaxy Note 8, Google Pixel 2 and Pixel XL 2, LG V30, and the Nokia 8. The ex-dividend date is Thursday, August 10th. Apple's dividend payout ratio is currently 28.64%. This repurchase authorization permits the iPhone maker to buy up to 6.5% of its stock through open market purchases.
Apple has, for the past few years, consistently maintained that it is ALL ABOUT augmented reality (versus virtual reality). "(AAPL)" was reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The legal version of this article can be read at https://weekherald.com/2017/08/12/apple-inc-aapl-director-arthur-d-levinson-sells-35000-shares.html.
AAPL has been the subject of several research reports. Oppenheimer Holdings, Inc. reaffirmed a " rating on shares of Apple in a research note on Thursday. Rosenblatt Securities restated a "neutral" rating and set a $150.00 price target (up from $120.00) on shares of Apple in a report on Tuesday. Goldman Sachs Group, Inc. Longbow Research reaffirmed a "buy" rating and issued a $173.00 price target on shares of Apple in a research note on Friday. The stock has a consensus rating of "Buy" and a consensus target price of $167.35. Also, insider Daniel J. Riccio sold 11,949 shares of the business's stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $142.86, for a total transaction of $1,707,034.14. Insiders sold a total of 299,911 shares of company stock worth $46,557,634 in the last three months. Following the completion of the transaction, the senior vice president now owns 96,738 shares in the company, valued at approximately $14,820,261.60.
I found one of the most interesting features to be the glass back on each device.
But that same design in white ...
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