Apple Inc. (NASDAQ:AAPL) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 39,370,984 shares, a decline of 8.1% from the November 15th total of 42,832,149 shares. Based on an average trading volume of 25,755,821 shares, the short-interest ratio is currently 1.5 days. Currently, 0.8% of the company’s shares are short sold.

A number of analysts have recently commented on the company. Bank of America restated a “buy” rating and issued a $180.00 price target on shares of Apple in a report on Tuesday, September 26th. Rosenblatt Securities restated a “neutral” rating and issued a $150.00 price target on shares of Apple in a report on Thursday, September 21st. Sanford C. Bernstein restated a “buy” rating and issued a $175.00 price target on shares of Apple in a report on Tuesday, September 26th. Raymond James Financial restated an “outperform” rating and issued a $180.00 price target (up from $170.00) on shares of Apple in a report on Tuesday, September 26th. Finally, Mizuho restated a “neutral” rating and issued a $150.00 price target on shares of Apple in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $197.57.

Shares of Apple (NASDAQ AAPL) opened at $176.42 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. The company has a market capitalization of $905,800.00, a PE ratio of 18.91, a PEG ratio of 1.39 and a beta of 1.24. Apple has a 12 month low of $114.76 and a 12 month high of $177.20.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. During the same quarter last year, the firm earned $1.50 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. analysts anticipate that Apple will post 11.18 earnings per share for the current year.

In other Apple news, insider Philip W. Schiller sold 56,808 shares of Apple stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total transaction of $8,788,197.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Johny Srouji sold 10,368 shares of Apple stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $174.68, for a total value of $1,811,082.24. Following the transaction, the insider now owns 81,560 shares in the company, valued at $14,246,900.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 232,967 shares of company stock worth $37,944,683. Corporate insiders own 0.08% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in AAPL. Blue Sky Asset Management LLC bought a new position in shares of Apple during the 2nd quarter worth approximately $108,000. Hefty Wealth Partners lifted its position in shares of Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after buying an additional 174 shares in the last quarter. FNY Managed Accounts LLC lifted its position in shares of Apple by 852.4% during the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after buying an additional 716 shares in the last quarter. Private Vista LLC bought a new position in shares of Apple during the 2nd quarter worth approximately $122,000. Finally, Armbruster Capital Management Inc. lifted its position in shares of Apple by 9.4% during the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after buying an additional 78 shares in the last quarter. 59.78% of the stock is currently owned by institutional investors and hedge funds.

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Apple Company Profile

Apple Inc (Apple) 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’s products and services 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.

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