It is currently trading at $169.04 marginally over $157.08, the stock’s 50 day moving average and well above the 200 day moving average of $153.07. The 50 day moving average went up by +7.62% and the 200 day average went up $15.97 or +10.43%. Apple Inc. shares had a trading volume of 35,475K by the end of trading on Tuesday. Overall, volume was up 53.75% over the stocks normal daily volume.
Traders are a little more bullish on shares of Apple Inc. at least if you consider the motion in short interest. The company had a fall in short interest of -9.98% as of October 13, 2017 from the last reporting period. Short interest decreased from 38,037,207 to 34,242,622 over that period. With short interest at 34,242,622 and short average daily volume at 17,509,712, days to cover is 2.0 and the short interest percentage is 0.02% as of October 13.
There has been some selling insider activity on Apple Inc. (NASDAQ:AAPL) recently. Timothy D. Cook, CEO let go of $43,138,168 worth of shares at a price of $160.59 on August 28th. That brings the CEO’s holdings to $144,767,710 as recorded in a recent Form 4 SEC filing.
The following firms have recently changed their position in AAPL. Finemark National Bank & Trust divested its ownership by selling 8,481 shares a decrease of 3.6% as of 09/30/2017. Finemark National Bank & Trust now holds 225,310 shares with a value of $34,725,000. The value of the position overall is up by 3.1%. Decatur Capital Management, Inc. bolstered its investment by buying 20,825 shares an increase of 9.9% from 06/30/2017 to 09/30/2017. Decatur Capital Management, Inc. controls 231,329 shares valued at $35,652,000. The total value of its holdings increased 17.6%.
Artemis Investment Management LLP downsized its holdings by selling 162,969 shares a decrease of 41.1% in the quarter. Artemis Investment Management LLP currently owns 233,240 shares worth $35,921,000. The value of the position overall is down by 37.1%. As of the end of the quarter Simplex Trading, LLC had bought 34,937 shares growing its position 10.3%. The value of the investment in AAPL increased from $48,743,000 to $57,546,000 a change of 18.1% quarter over quarter.
On August 3 Nomura kept the company rating at “Buy” but moved up the price target to $175.00 from $135.00. September 6 investment analysts at Nomura maintained a stock rating of “Buy” but raised the price expectation from $175.00 to $185.00.
On September 19 Morgan Stanley left the stock rating at “Overweight” and raised the price target to $194.00 from $182.00. On September 22 PiperJaffray held the company rating at “Overweight” and raised the price expectation to $196.00 from $150.00.
October 13 investment analysts at Barclays maintained a company rating of “Equal-Weight” and moved up the price target from $146.00 to $161.00. On October 25 analysts at HSBC initiated coverage on AAPL with a rating of “Buy”.
The company is so far trading up by 1.39% percent from yesterday’s close. Apple Inc. recently announced a dividend paid on Thursday the 17th of August 2017. The dividend was $0.630 per share for the quarter which comes to $2.52 on an annualized basis. The dividend yield was $1.55. The ex-dividend date was Thursday the 10th of August 2017.
The P/E ratio is currently 19.19 and market capitalization is 873.13B. In the last earnings report the EPS was $8.81 and is expected to be $9.00 for the current year with 5,165,228,000 shares now outstanding. Analysts expect next quarter’s EPS will be $3.77 and the next full year EPS is anticipated to be $11.17.
Apple Inc., launched on January 3, 1977, designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players. The Company sells a range of related software, services, accessories, networking solutions and third-party digital content and applications. The Business’s segments include the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment includes European countries, India, the Middle East and Africa. The Greater China segment includes China, Hong Kong and Taiwan. The Rest of Asia Pacific segment includes Australia and the Asian countries not included in the Business’s other operating segments. The Business’s products and services include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings..Advertisement