According to Zacks, Apple Inc. (NASDAQ: AAPL) announced the company’s intention to pay a quarterly dividend on Dec. 20, announced Tuesday. On Monday, January 9, the company that makes the iPhone will pay dividends to shareholders for $0.167 per share. This payment will be made to shareholders of record as owners of their shares as of December 28. This equates to a dividend payment of $0.67 per year and a dividend yield of 0.50%. These figures can be found in the table below. The date retained for the distribution of dividends is Tuesday, December 27.
Over the past three years, Apple has increased the total amount of money it distributes annually to shareholders in the form of dividends by 7.1% on average. It has maintained this growth rate for the past 11 consecutive years. Apple’s payout ratio is 14.8%, indicating that the company’s earnings are sufficient to fund the dividend payment. With a future payout ratio of 13.7%, analysts predict that Apple will be able to meet its obligation to pay its annual dividend of $0.92. This is based on the company’s anticipated earnings per share of $6.70.
Apple shares officially began trading for the first time on Thursday for $134.00 per share. The last 50 day moving average is currently $144.73 and the last 200 day moving average is $149.21. The company’s stock price is currently trading at these levels. Apple shares hit a one-year high of $182.94 per share while hitting a one-year low of $129.04 per share. The company has a leverage ratio of 1.95 to 1, a quick ratio of 0.85 to 1 and a current ratio of 0.88 to 1. All stock metrics including its price to earnings ratio (P/E) ), its price-to-growth ratio (PEG) and its beta value (1.22), contributing to its current market capitalization of $2.130 billion.
Apple (NASDAQ: AAPL) released its latest quarterly results on October 27. The report was published online. The iPhone maker reported earnings per share for the quarter of $1.29, $0.03 higher than the consensus expectation of $1.26 that industry professionals developed. The company’s quarterly sales were $90.15 billion, a significant increase from the average expectation of $88.77 billion in sales for the quarter. Apple’s return on equity was 160.9% and the company’s net margin was 25.31%. These two figures are significant. Compared to the prior year period, quarterly revenues showed an increase of 7.8%. The company generated $1.24 per share in the same period a year earlier. According to projections made by relevant industry analysts, Apple is expected to generate earnings of $6.19 per share in the current fiscal year.
Separately, CFO Luca Maestri sold 176,299 shares of the company on Friday, October 28. This has been reported in other recent developments. The price per share of the shares of the company was $155.95 and the total amount spent to acquire these shares was $27,493,829.05. Following the completion of the sale, the CFO held a total of 110,673 shares, which had a combined market value of $17,259,454.35 prior to the transaction. You will be redirected to the legal filing submitted to the Securities and Exchange Commission if you click on the link. In this file, the transaction is described in more detail. Apple employee Chris Kondo, considered an insider, sold 20,200 shares of the company on November 22. This information has been leaked in other Apple press articles. Following the sale of the shares at an average price of $148.72 per share, the total value of the transaction was determined at $3,004,144.00. Following the transaction, the company insider now owns a total of 31,505 shares, which are currently valued at $4,685,423.60. If you follow the link, which will take you to a legal filing filed with the SEC, you will have the opportunity to acquire additional information regarding the transaction. Additionally, on Friday, October 28, 176,299 shares of the company were sold by Luca Maestri, who serves as the company’s chief financial officer. The price per share of the shares of the company was $155.95 and the total amount spent to acquire these shares was $27,493,829.05. The company’s chief financial officer currently owns 110,673 shares of the company, which have a combined value of approximately $17,259,454.35. Disclosures related to the sale can be found in this section of the website. Over the past three months, company insiders have sold a total of 380,851 shares of the company, resulting in a total sale price of $56,707,789. The employees of the company hold a total of 0.06% of the capital of the company, which is a very low percentage.
Recent events have caused several institutional investors and hedge funds to change the size of their holdings in the company or to increase the size of those holdings. The percentage of Apple shares held by HBC Financial Services PLLC increased by 21.7% in the first three months of 2018. During the last quarter, HBC Financial Services PLLC increased its stake in Apple by purchasing an additional 80 shares. This brought the total number of shares held in the company to 448, worth $49,000. In the first three months of the current fiscal year, Clear Perspectives Financial Planning LLC increased the percentage of Apple shares it held by 27.3%. During the last quarter, Clear Perspectives Financial Planning LLC increased its stake in shares of the iPhone maker by buying an additional 211 shares. This brings the total number of shares she currently owns to 983, worth $172,000. During the second quarter, Magellan Asset Management Ltd. increased its stake by 10.6% by buying additional shares of Apple. After making an additional purchase of 127 shares during the last quarter, Magellan Asset Management Ltd. now owns 1,323 shares of the iPhone maker. The value of the stake that Magellan Asset Management Ltd. The reserves of this stock are $181,000 (at last deposit). In the first three months of this year, Verity Asset Management Inc. increased the percentage of Apple shares held by 29,097.9%. After making additional purchases totaling 5,282,726 shares in the last quarter, Verity Asset Management Inc. now owns 5,300,881 Apple shares. The total value of Apple shares held by Verity Asset Management Inc. at the most recent market close is $189,000. Not to mention that during the period covered by this report, Brooklyn FI LLC added $203,000 to its holdings in Apple, bringing the total value of its Apple investments to $1. Currently, 57.60% of the company’s shares are held by hedge funds and other institutional investors.
AAPL’s stock has received a lot of attention from various research analysts. Citigroup reaffirmed its “buy” rating on Apple shares and set a target price of $175.00 for the company’s shares on Tuesday, November 8. Additionally, the company provided outlook for the company’s stock. DA Davidson declared his decision to lower his price target on Apple shares to $167.00 in a research note published on December 1. Barclays rated Apple stock as “equal weight” and lowered its price target for the company’s stock from $156.00 to $140.00 in a research report. .. published on Monday November 7th. Barclays also lowered its price target for the company’s shares. Bank of America lowered its price target for Apple from $160.00 to $154.00 and gave the company a “neutral” rating in a report released Monday, November 7. note which was made public on Friday, December 9. purchase note. The stock received a Buy rating of 23 from research analysts. Information on Bloomberg.com indicates that the stock is currently rated as having a consensus rating of “Moderate Buy” and that analysts have set an average target price of $175.35. The objective price turned out to be the most common target price.
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