Apple Inc. (NASDAQ:AAPL) is expected to pay $0.57 on Nov 10, 2016. The indicated annual dividend is $2.28. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on Apple Inc.’s current price of $111.47, the dividend is 0.51%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 26, 2016. The stock decreased 1.82% or $2.07 during the last trading session, hitting $111.47. About 7,316 shares traded hands. Apple Inc. (NASDAQ:AAPL) has risen 2.29% since March 31, 2016 and is uptrending. It has underperformed by 0.23% the S&P500.
Apple Inc. designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The company has a market cap of $593.45 billion. The Company’s services and products 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. It has a 13.47 P/E ratio. The Firm also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store.
Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.26, from 1.15 in 2016Q1. The ratio turned negative, as 116 funds sold all Apple Inc. shares owned while 900 reduced positions. 66 funds bought stakes while 835 increased positions. They now own 2.95 billion shares or 8.86% less from 3.23 billion shares in 2016Q1.
Profund Advsr Ltd Liability Corp has 365,957 shares for 1.7% of their US portfolio. Redmond Asset Mngmt Ltd Co last reported 19,076 shares in the company. Oregon Public Employees Retirement Fund last reported 2.14% of its portfolio in the stock. New England & Management reported 13,590 shares or 1.12% of all its holdings. Maplelane Cap Ltd Liability Company last reported 75,001 shares in the company. The New York-based Bristol John W Communication Ny has invested 1.83% in Apple Inc. (NASDAQ:AAPL). Nationwide Fund Advisors, a Pennsylvania-based fund reported 3.86M shares. Vanguard Group reported 331.40M shares or 1.97% of all its holdings. Oak Assoc Limited Oh, a Ohio-based fund reported 76,916 shares. Tegean Capital Mngmt Ltd Com accumulated 25,000 shares or 1.75% of the stock. First Fincl Bank Na holds 0.98% or 53,314 shares in its portfolio. Marshall And Sullivan Inc Wa has 32,608 shares for 4.02% of their US portfolio. Moreover, Fiduciary has 2.25% invested in Apple Inc. (NASDAQ:AAPL) for 670,720 shares. Envestnet Asset Mgmt accumulated 1.01 million shares or 0.39% of the stock. Ironsides Asset Advisors Ltd Liability Corp holds 26,260 shares or 0.76% of its portfolio.
Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 21 insider sales for $142.96 million net activity. 25,000 shares were sold by AHRENDTS ANGELA J, worth $2.50M on Tuesday, May 31. The insider Riccio Daniel J. sold $3.83 million. SEWELL D BRUCE sold $2.64M worth of stock. Maestri Luca sold $1.20M worth of stock or 11,021 shares. WILLIAMS JEFFREY E also sold $4.93 million worth of Apple Inc. (NASDAQ:AAPL) shares. COOK TIMOTHY D sold 334,000 shares worth $35.82 million. The insider KONDO CHRIS sold $1.03 million.
Apple Inc. (NASDAQ:AAPL) Ratings Coverage
Out of 41 analysts covering Apple Inc. (NASDAQ:AAPL), 36 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 88% are positive. $200 is the highest target while $13 is the lowest. The $131.03 average target is 17.55% above today’s ($111.47) stock price. Apple Inc. has been the topic of 188 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by BMO Capital Markets on Friday, September 11 with “Buy”. On Friday, September 11 the stock rating was maintained by S&P Research with “Hold”. FBR Capital maintained the stock with “Outperform” rating in Wednesday, December 23 report. The company was maintained on Thursday, January 7 by RBC Capital Markets. As per Wednesday, July 27, the company rating was maintained by Citigroup. On Wednesday, October 28 the stock rating was maintained by Mizuho with “Hold”. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Oppenheimer on Friday, September 4. The firm has “Buy” rating given on Tuesday, September 1 by Citigroup. As per Wednesday, October 28, the company rating was maintained by RBC Capital Markets. The firm has “Equal Weight” rating by Pacific Crest given on Friday, September 11.
More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Foxbusiness.com which released: “1 Massive Upgrade Apple Inc. May Bring to the 2018 MacBook Pro Line” on November 02, 2016, also Fool.com with their article: “Apple, Inc.’s iPad Pros Could Be Doing Better” published on November 01, 2016, Fool.com published: “1 Problem with Apple Inc.’s New MacBook Pro Computers” on October 30, 2016. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Fool.com and their article: “Don’t Dismiss Apple Inc.’s China Troubles” published on November 01, 2016 as well as Fool.com‘s news article titled: “Apple, Inc. Plans on Spending a Mind-Boggling $16 Billion in Capital …” with publication date: October 31, 2016.
AAPL Company Profile
Apple Inc. (Apple), incorporated on January 3, 1977, designs, makes and markets mobile communication and media devices, personal computers and portable digital music players and sells a variety of related software, services, peripherals, networking solutions and third-party digital content and applications. The Company’s services and products 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. The Firm offers a range of mobile communication and media devices, personal computing products and portable digital music players, as well as a variety of related software, services, peripherals, networking solutions and third-party hardware and software products. In addition, the Company offers its own software products, including iOS, the Company’s mobile operating system; OS X, the Company’s Mac operating system; and server and application software. The Company’s primary products include iPhone, iPad, Mac, iPod, iTunes, Mac App Store, iCloud, Operating System Software, Application Software and Other Application Software.
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