Director Levinson Arthur D sold 1,521 shares in Apple Inc. (NASDAQ:AAPL) for $1,147,283 in transaction occurred on 2019/02/01. After making this transaction, the Director owns a direct stake of 255,087 shares, worth $194,000,000, as per the last closing price. On 2018/11/19 Kondo Chris, Principal Accounting Officer at AAPL, dumped 3,408 shares at an average price of $190 per share. The selling total is valued at $1,514,704.
Separately, it had been reported that some other AAPL insiders also took part of the insider trading activity. Senior Vice President, Ahrendts Angela J had divested 64,194 shares for $66,344 through a trade on 2018/10/05. Following this activity, the insider holds 14,821,753 shares worth $11,240,664 as of recent close. Wall Street’s most bullish Apple Inc. (NASDAQ:AAPL) analysts are predicting the share price to blow past $245 per share during the next 12 months. The current median share price forecast by them is $180, suggesting that the stock could increase 6.24% in that time frame. The average price target of $178.7 calls for a nearly 5.47% increase in the stock price.
Apple Inc. (AAPL) trading activity significantly weakened as the volume at ready counter decreased to 20,522,162 shares versus 32,124,650 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 36,898,488 shares. The share price dropped -0.58% in recent trade and currently has a stock-market value of $801.39B. The shares finished at $169.43, after trading as low as $169.25 earlier in the session. It hit an intraday high Monday at $171.21. The stock is now 19.32% above against its bear-market low of $142 on January 03, 2019. It has retreated -37.8% since it’s 52-week high of $233.47 reached in October. Now the market price is up 9.2% on the year and up 7.41% YTD.
AAPL’s 50 day simple moving average (SMA 50) price is $161.89 and its 200-day simple moving average (SMA 200) price is $191.54. The company’s stock currently has a total float of 4.68B shares. Its weekly volatility is hovering around 1.55% and felt 2.06% volatility in price over a month. On the upside, the share price will test short term resistance at around $170.68. On a downside, the stock is likely to find some support, which begins at $168.72. The failure to get near-term support could push it to $168.
It had seen a change in price target from analysts at UBS, who reiterated the stock at Buy on January 30 but moved PT from $180 to $185. Analysts at Rosenblatt, maintained the company shares at Neutral on January 30 but switched target price from $165 to $150. Brokerage firm Morgan Stanley, looks cautious as they stick to prior recommendation of Overweight, in a call on January 30. However, they did change the target price from $211 to $197. Monness Crespi & Hardt, reiterated their call for Buy, on January 30. On the other hand, they had set new target price to $220 versus $200.
When looking at valuations, Apple Inc. (AAPL) has a pricey P/E of 14.2x as compared to industry average of 6.43x. Moreover, it trades for 13.3 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 6.81x price/book and 3.06x price/sales. Compared to others, Apple Inc. is in a different league with regards to profitability, having net margins of 22.7%. To put some perspective around this, the industry’s average net margin is 19.21%. AAPL’s ROE is 50.9%, which is also considerably better than the industry’s ROE of 21.75%. It’s also very liquid in the near term, with a current ratio of 1.3. The stock has a debt/capital of 0.97.
Shares of Apple Inc. (AAPL) have gained 10.2% since the company’s last earnings report. Over the past 12 fiscal quarters, Apple Inc. (NASDAQ:AAPL) has topped consensus earnings estimates in 11 quarters (91%), missed earnings in 1 quarters (8%), whereas at 0 occasion EPS met analyst expectations. AAPL last reported earnings on January 29, 2019 when it released Dec-18 results that exceeded expectations. The company raked in $4.18 per share, 1206.25% change on the same period last year. That was better than consensus for $4.17. Revenue for the recent quarter stood at $84.31 billion, down -5% on last year and above the $83.97 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $78.61 billion to $91.25 billion, which should be compared with $90.91 billion generated last year. EPS is seen in a range of $3.95 to $5.31, against the $4.92 reported a year ago.