The Korea Herald reported on this week that Apple has teamed up with LG to work on a foldable iPhone display. Welch Investments LLC purchased a new position in shares of Apple during the fourth quarter valued at about $146,000.
Other hedge funds have also recently added to or reduced their stakes in the company. With the cellular Series 3 now capable of phone-free calls, messaging, mobile payments, fitness tracking and even gaming, could it genuinely take the role of smartphone for the day? The Motley Fool owns shares of and recommends Apple. MA Sells 5,120 Shares of Apple Inc. Apple comprises about 4.4% of Baldwin Brothers Inc.
Shares of Apple (NASDAQ:AAPL) traded up 0.2045% during trading on Wednesday, hitting $153.6535. The company had a trading volume of 9,510,268 shares. Apple Inc. The company has a market cap of $136.45 billion, a PE ratio of 17.76 and a beta of 1.27.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, August 1st. The firm had revenue of $52.90 billion for the quarter, compared to analysts' expectations of $52.61 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. During the same quarter in the prior year, the company earned $1.42 EPS.
Why? Apparently the company is concerned about the number of leaks coming out of Samsung HQ.
According to a report from The Bell (via The Investor), Apple will use flexible screens supplied by LG Display for an upcoming folding smartphone.
Several equities research analysts have recently commented on AAPL shares. Goldman Sachs Group, Inc.
Barometric altimeter; a new introduction for the Apple Watch, and enables the device to offer distance climbed (flights of stairs inside, elevation gained outside) in workouts. Nine equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company's stock. Pacific Crest reissued an overweight rating and issued a $129.00 target price on shares of Apple in a research note on Tuesday, January 31st.
In other news, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction on Monday, August 28th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Johny Srouji sold 10,469 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $153.88, for a total value of $5,385,800.00. Sippican Capital Advisors now owns 4,912 shares of the iPhone maker's stock worth $706,000 after purchasing an additional 26 shares during the period. The disclosure for this sale can be found here.
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