Apple Inc. (NASDAQ:AAPL) COO Jeffrey E. Williams Sells 67,554 Shares

Apple Inc. analysts have increased their price targets

Apple is seen as one of the companies most exposed to the trade war. Charles Schwab Investment Management Inc. now owns 20,240,790 shares of the iPhone maker's stock worth $4,006,058,000 after purchasing an additional 161,912 shares during the last quarter. Apple accounts for approximately 3.7% of Baldwin Brothers Inc. MA's holdings, making the stock its 3rd biggest position.

Other hedge funds also recently made changes to their positions in the company. Finally, INR Advisory Services LLC bought a new stake in Apple during the fourth quarter valued at approximately $124,000. Invesco Ltd. now owns 46,879,136 shares of the iPhone maker's stock valued at $9,278,319,000 after buying an additional 1,203,705 shares during the period. Forbes J M And Limited Liability Partnership reported 2.04% of its portfolio in Apple Inc. Invesco Ltd. increased its stake in Apple by 2.6% during the 2nd quarter. Allen Investment Management Ltd Liability accumulated 0.14% or 25,537 shares. Finally, Gradient Investments LLC boosted its stake in Apple by 2.2% in the 3rd quarter. Gradient Investments LLC now owns 89,495 shares of the iPhone maker's stock worth $20,044,000 after purchasing an additional 1,927 shares in the last quarter. The institutional investor held 199,184 shares of the computer manufacturing company at the end of 2019Q2, valued at $39.42M, down from 227,555 at the end of the previous reported quarter. (NASDAQ:AAPL) to $265.00 per share. New Street Research set a $155.00 price objective on shares of Apple and gave the stock a "sell" rating in a research note on Tuesday, September 10th. (NASDAQ:AAPL) reached all time high today, Oct, 11 and still has $246.52 target or 5.00 % above today's $234.78 share price.

Shares of the tech giant crossed the $233.47 level after a Wall Street analyst raised his price target on Friday morning, eclipsing the previous record set on October 3, 2018. Morgan Stanley set a $247.00 target price on shares of Apple and gave the company a "buy" rating in a research note on Wednesday, September 18th.

During the last month around the same period, 19 analysts gave the stock a BUY rating, 2 of the polled analysts consider the stock should have been awarded an OVERWEIGHT rating, 17 analysts were recommending to HOLD this stock, 0 of gave the stock UNDERWEIGHT rating, and 4 of the polled analysts provided SELL rating. The company has a consensus rating of "Buy" and a consensus price target of $223.22.

In related news, CFO Luca Maestri sold 61,659 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $201.69, for a total transaction of $3,529,575.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.


In other news, Director Arthur D. Levinson sold 17,500 shares of Apple stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $217.47, for a total value of $951,648.72. The disclosure for this sale can be found here. Insiders have sold 433,749 shares of company stock worth $91,773,322 in the last quarter.

Shares of AAPL traded up $6.12 during mid-day trading on Friday, reaching $236.21. Apple Inc. has a 52-week low of $142.00 and a 52-week high of $237.64.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company's financial health and market status. The stock's 50 day moving average price is $216.75 and its 200-day moving average price is $202.65. (NASDAQ:AAPL) news were published by: Nasdaq.com which released: "An Early Apple (AAPL) Q4 2019 Earnings Preview: iPhone Sales, Services Growth & More - Nasdaq" on October 09, 2019, also Nasdaq.com with their article: "Will Apple (AAPL) Beat Estimates Again in Its Next Earnings Report?" They expect $2.83 earnings per share, down 2.75 % or $0.08 from last year's $2.91 per share. The firm had revenue of $53.81 billion for the quarter, compared to analysts' expectations of $53.39 billion. During the same quarter in the prior year, the firm earned $2.34 EPS.

When it comes to year-to-date metrics, the company recorded performance in the market by 45.87%, having the revenues showcasing 13.18% on a quarterly basis in comparison for the same period the last year. As a group, equities research analysts anticipate that Apple Inc. will post 11.68 EPS for the current year.

Apple Inc. had a pretty favourable run when it comes to market performance.

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