Apple Inc. (NASDAQ:AAPL) is on recovery track with 46.3% gain from a 1-year low price of $142. The company added 0.35% to attain the price of $207.74 on 7/26/2019. Throughout the recent session, the prices were hovering between $207.14 and $209.73. These shares are 2.79% off its target price of $213.53 and the current market capitalization stands at $970.99B. The recent change has given its price a 6.81% lead over SMA 50 and -11.02% deficit over its 52-week high. The stock witnessed 3.97% gains, 1.68% gains and 31.68% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AAPL’s volatility during a week at 1.2% and during a month it has been found around 1.21%.
What Does Apple Inc. (AAPL) Do?
The company describes itself in regulatory filings as, “Apple, Inc. engages in the design, manufacture, and marketing of mobile communication, media devices, personal computers, and portable digital music players. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/AAPL/profile under company description.]Apple Inc. (AAPL) Top Holders
Institutional investors currently hold around $569.34 billion or 60.8% in AAPL stock. Look at its top three institutional owners: Vanguard Group Inc owns $70.32 billion in Apple Inc., which represents roughly 7.24% of the company’s market cap and approximately 12.35% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 288,763,237 shares of the stock are valued at $59.99 billion. The third largest holder is Berkshire Hathaway Inc, which currently holds $51.85 billion worth of this stock and that ownership represents nearly 5.34% of its market capitalization.Apple Inc. 13F Filings
At the end of March reporting period, 1,355 institutional holders increased their position in Apple Inc. (NASDAQ:AAPL) by some 61,192,610 shares, 1,577 decreased positions by 150,269,458 and 187 held positions by 2,529,000,000. That puts total institutional holdings at 2,741,000,000 shares, according to SEC filings. The stock grabbed 124 new institutional investments totaling 3,620,164 shares while 107 institutional investors sold out their entire positions totaling 17,680,442 shares.Apple Inc. (NASDAQ:AAPL) Insider Trades
Multiple company employees have indulged in significant insider trading. Apple Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director LEVINSON ARTHUR D has sold 35,000 shares of Apple Inc. (AAPL) in the trading session dated May. 03, 2019. These shares are worth $7,380,100 and were traded at $210.86 each. The SEC filing shows that WILLIAMS JEFFREY E performed a sale of 56,411 shares. The COO disposed these shares by way of transaction on May. 02, 2019. The company’s shares were given away at $210.36 per share worth to an income of some $11,866,618 to the account of WILLIAMS JEFFREY E.
Senior Vice President, CFO, Maestri Luca, sold 51,138 common shares of Apple Inc. (AAPL) in the open market. In a transaction dated Apr. 05, 2019, the shares were put up for sale at an average price of $196.61, raking in a sum of $10,054,242. After this sale, 27,448 common shares of AAPL are directly owned by the insider, with total stake valued at $5,702,048.
In the transaction dated Feb. 01, 2019, a great number of shares sold came courtesy the Director; LEVINSON ARTHUR D disposed a total of 1,521 shares at an average price of $167.71, amounting to approximately $255,087. The insider now directly owns 1,147,283 shares worth $238,336,570.Apple Inc. (AAPL) Analyst Guide
Several analysts have released their opinion on Apple Inc. (NASDAQ:AAPL), with 14 analysts believing it is a strong buy. Whereas 17 of them predict the stock is a hold. Also, there are 9 buy, 3 sell and 0 strong sell ratings, collectively assigning a 2.21 average brokerage recommendation [T1].