Apple Inc (AAPL, Financial), a leading technology company known for its innovative consumer electronics, software, and online services, has reported an insider sell transaction by its CEO. According to a recent SEC filing, CEO Timothy Cook sold 196,410 shares of Apple Inc on April 2, 2024.
The transaction was executed at a stock price of $169.33, resulting in a total value of $33,253,045.30. Following this transaction, Timothy Cook's total sales over the past year amount to 436,979 shares, with no recorded purchases in the same period.
The insider transaction history for Apple Inc indicates a trend of insider sells, with 17 recorded over the past year and no insider buys in the same timeframe.
On the valuation front, Apple Inc's shares were trading at $169.33 on the day of the insider's recent sell, giving the company a market capitalization of approximately $2,619,869.53 billion. The price-earnings ratio stands at 26.43, which is above both the industry median of 23.7 and the company's historical median price-earnings ratio.
Considering the current share price and the GuruFocus Value of $178.68, Apple Inc has a price-to-GF-Value ratio of 0.95, indicating that the stock is Fairly Valued according to GuruFocus's intrinsic value estimate. The GF Value is determined by historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
For more detailed information and analysis on insider trades and the company's financials, visit the Apple Inc (AAPL) summary page on GuruFocus.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
