Apple Inc. (AAPL) Insider Sells $9984175.41 in Stock

(NASDAQ:AAPL) by 14.3% during the first quarter, according to its most recent disclosure with the SEC.

The iPhone 8 has broken cover, well, at least a dummies of it have, anyway. Principal Financial Group Inc. boosted its stake in shares of Apple by 25.3% in the second quarter.

Rambo joins this week's MashTalk podcast along with CNET Executive Editor and mobile analyst Roger Cheng and Mashable Senior Tech Correspondent Raymond Wong to fully unpack this huge leak, explore what this radically redesigned iPhone will mean (to users and Apple), and analyze the info to figure out what's not in the leak. Glenview Capital Management LLC acquired a new stake in shares of Apple during the fourth quarter valued at approximately $365,191,000. Bancorpsouth Inc. raised its stake in shares of Apple by 2.3% in the second quarter. Ltd. raised its stake in Apple by 966.6% in the fourth quarter. Finally, Stone House Investment Management LLC acquired a new position in Apple during the first quarter valued at about $225,000. Apple has a 52 week low of $102.53 and a 52 week high of $161.83.

Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, August 1st. Hedge funds and other institutional investors own 61.13% of the company's stock. The firm has a market capitalization of $814.40 billion, a PE ratio of 17.90 and a beta of 1.31. The firm's 50 day moving average price is $149.92 and its 200-day moving average price is $144.27. Stock investors purchased 139,415 put options on the stock. The iPhone 8 on the otherhand, is likely to cost much more with new technology potentially pushing its price up to the £1,000 mark. The Apple iPhone 8's display has a 5.8-inch diagonal, however, its body is actually smaller than the one of the iPhone 7 Plus. But the bank's survey shows that only 11% of those who responded to its poll said that it would pay more than $1,000 cash for an iPhone.

The Apple iPhone 8 is without a doubt one of the most expected smartphone models of this year. The company had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. During the same period in the previous year, the business earned $1.42 earnings per share. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts anticipate that Apple will post $9.02 EPS for the current fiscal year. This buyback authorization authorizes the iPhone maker to repurchase up to 6.5% of its stock through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, August 14th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Thursday, August 10th. Apple's dividend payout ratio (DPR) is 28.64%.

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Several research firms have recently issued reports on AAPL. J P Morgan Chase & Co reaffirmed an "overweight" rating and set a $176.00 price objective (up from $165.00) on shares of Apple in a research report on Wednesday, August 2nd. Instinet reaffirmed a "buy" rating and set a $175.00 price objective (up from $165.00) on shares of Apple in a research report on Wednesday, August 2nd. (The) restated a "buy" rating and set a $170.00 target price on shares of Apple in a research report on Wednesday, June 21st.

Other equities research analysts have also issued research reports about the company. The company currently has an average rating of "Buy" and an average target price of $167.35. Also, SVP Johny Srouji sold 10,000 shares of Apple stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $158.07, for a total transaction of $9,984,175.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arthur D. Levinson sold 35,000 shares of the stock in a transaction on Monday, August 7th. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker's stock valued at $31,352,000 after buying an additional 4,483,360 shares during the period. Insiders sold 299,911 shares of company stock valued at $46,557,634 in the last quarter.

The iPhone 8's design has been finalized long ago, and the handset is already in production, multiple reports say. The Company's products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

  • Leon Brazil