Apple Inc (NASDAQ: AAPL) is 15.50% higher on its value in year-to-date trading and has touched a low of $164.07 and a high of $237.23 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AAPL stock was last observed hovering at around $220.85 in the last trading session, with the day’s gains setting it 1.53%.
Currently trading at $222.38, the stock is -0.39% and 0.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 36.51 million and changing 0.69% at the moment leaves the stock 14.37% off its SMA200. AAPL registered 17.23% gain for a year compared to 6-month gain of 31.49%.
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The stock witnessed a 7.31% loss in the last 1 month and extending the period to 3 months gives it a 13.53%, and is -1.81% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.07% over the week and 1.82% over the month.
Apple Inc (AAPL) has around 161000 employees, a market worth around $3381.09B and $385.60B in sales. Current P/E ratio is 33.86 and Fwd P/E is 29.81. Profit margin for the company is 26.44%. Distance from 52-week low is 35.54% and -6.26% from its 52-week high. The company has generated returns on investments over the last 12 months (66.68%).
The EPS is expected to grow by 9.35% this year
6488.0 institutions hold shares in Apple Inc (AAPL), with institutional investors hold 62.56% of the company’s shares. The shares outstanding are 15.55B, and float is at 15.19B with Short Float at 0.80%. Institutions hold 60.87% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 1.32 billion shares valued at $279.07 billion. The investor’s holdings represent 8.6004 of the AAPL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 1.05 billion shares valued at $221.2 billion to account for 6.817 of the shares outstanding. The other top investors are STATE STREET CORP which holds 528.08 million shares representing 3.4278 and valued at over $111.22 billion, while BERKSHIRE HATHAWAY INC holds 2.5964 of the shares totaling 400.0 million with a market value of $84.25 billion.
Apple Inc (AAPL) Insider Activity
The most recent transaction is an insider sale by KONDO CHRIS, the company’s Principal Accounting Officer. SEC filings show that KONDO CHRIS sold 8,706 shares of the company’s common stock on Aug 15 ’24 at a price of $225.00 per share for a total of $1.96 million. Following the sale, the insider now owns 15419.0 shares.
Apple Inc disclosed in a document filed with the SEC on Aug 09 ’24 that KONDO CHRIS (Principal Accounting Officer) sold a total of 5,178 shares of the company’s common stock. The trade occurred on Aug 09 ’24 and was made at $216.50 per share for $1.12 million. Following the transaction, the insider now directly holds 24125.0 shares of the AAPL stock.
Still, SEC filings show that on Aug 05 ’24, Adams Katherine L. (SVP, GC and Secretary) disposed off 100,000 shares at an average price of $206.44 for $20.64 million. The insider now directly holds 191,543 shares of Apple Inc (AAPL).
