The Apple Inc. (NASDAQ:AAPL) Shares Gap Up Following Dividend Announcement


Drexel Hamilton reaffirmed a "buy" rating and issued a $202.00 price target on shares of Apple in a research note on Thursday, July 6th. Also, Director Arthur D. Levinson sold 35,000 shares of the business's stock in a transaction dated Monday, August 7th. Twelve equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. (NASDAQ:AAPL) traded up 1.39% during trading on Friday, hitting $157.48. 26,257,096 shares of the company were exchanged. The firm has a 50 day moving average price of $147.04 and a 200-day moving average price of $142.60. Apple has a 52-week low of $102.53 and a 52-week high of $161.83.

The company has a market cap of $808.50 billion, a P/E ratio of 17.76 and a beta of 1.31.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.57 by $0.10. The business had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. During the same quarter last year, the firm earned $1.42 earnings per share. Equities research analysts forecast that Apple Inc. will post $9.02 earnings per share for the current year.

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Apple is so full of leaks, it's a wonder it still does a keynote in September.

Leaked renders of iPhone 8 Copper Gold confirm notch design dual-rear camera Benjamin Geskin via Twitter
Leaked renders of iPhone 8 Copper Gold confirm notch design dual-rear camera Benjamin Geskin via Twitter

This year, Apple's rumored to bring a lot of upgrades on the iPhone lineup.

On its left and right sides, there will be functional keys.

In another tweet, Troughton-Smith also provided the notch height and width of the curved corners of the iPhone 8's edge-to-edge screen. This represents a $2.52 annualized dividend and a dividend yield of 1.60%. Apple's payout ratio is currently 28.64%. The iPhone 7 represented a good step up compared to the iPhone 6, but in practice it wasn't really that noticeable. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued. Following the sale, the insider now owns 3,414 shares in the company, valued at $528,145.80. The shares were sold at an average price of $153.20, for a total value of $1,532,000.00. All three should then be made available at the same time a couple of weeks later. "This is a drastic change from the rose gold colour". Following the completion of the transaction, the senior vice president now directly owns 96,738 shares in the company, valued at $14,820,261.60. Insiders sold 299,911 shares of company stock valued at $46,557,634 over the last quarter. Glacier Peak Capital LLC bought a new position in Apple during the fourth quarter valued at about $127,000. But the core issue is the limited supplies of OLED displays. Both front and back cameras are expected to be capable of recording 4K video. American Beacon Advisors Inc. purchased a new stake in Apple during the first quarter worth approximately $117,000.

Keel Point LLC reduced its stake in Apple Inc. Azimuth Capital Management LLC now owns 149,560 shares of the iPhone maker's stock valued at $17,322,000 after buying an additional 53,239 shares during the last quarter. Stearns Financial Services Group raised its position in Apple by 4.8% in the fourth quarter. Finally, Perigon Wealth Management LLC raised its position in shares of Apple by 5.9% in the fourth quarter. Perigon Wealth Management has an ownership of 147,469 stocks of the iPhone maker's shares valued $20,613,000 after scooping up an extra 8,233 shares through out the quarter.

Hedge funds have recently modified their holdings of the company.