US Nasdaq stock report - Apple
Apple falls for a third consecutive day, a three-day fall of 2.5% August 18, 2017 16:00 EDT
NEWS BITES - NORTH AMERICA
Apple Inc. (NASDAQ:AAPL), NASDAQ's largest Computer integrated systems company by market cap, has fallen 36.0c (0.2%) for a third consecutive day on Friday. This brought its three-day fall to $US4.10 (2.5%), compared with the NASDAQ-100 Index which fell 116.8 points (2.0%) in the three days for a relative price change of -0.6%. The cumulative volume in the 3 days was at about its average 3-day volume of 28.8 million shares. The stock last traded at $US157.50.
Kondo Chris insider sold 6,209 shares worth $US1,005,610 on August 16. The price was $US161.96.
Apple (NASDAQ:AAPL) institutional shareholder Cookson Peirce & Co Inc. (CIK:0001141455) bought 49,618 shares in the quarter ended June 30, 2017 worth $US7.1 million at the estimated Volume Weighted Price (VWP) of USD148.08. At the end of the quarter Cookson Peirce & Co Inc. held 144,798 shares worth $US21.4 million.
Apple (NASDAQ:AAPL) institutional shareholder Winton Capital Group Ltd (CIK:0001612063) sold 219,036 shares in the quarter ended June 30, 2017 worth $US31.4 million at the estimated Volume Weighted Price (VWP) of USD148.08. At the end of the quarter Winton Capital Group Ltd held 219,921 shares worth $US32.6 million. Net decrease in holdings over the last two years and nine months was 504,805 shares (70% of the shares held two years and nine months ago).
APPLE ISSUED 36 NEW PATENTS IN THE WEEK OF AUGUST 16, 2017
Apple (AAPL) has been issued 36 new patents by the US Patent and Trademark Office. For details see Section 9
APPLE BEARISH SIGNALS
+ Tobin's Q Ratio, defined as MCap divided by Total Assets, is 2.6. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.
5-years average annualized earnings growth rate of 16.0%
+ Revenue growth and Earnings per share growth have shown signs of deterioration in recent years. [Year ended, all figures in %]
|Year||Revenue Growth||EPS Growth|
+ The Stochastic indicator of 84.2 has broken through the overbought line of 80; this indicates the price is close to its 14-day high and is likely to revert to a downtrend.
1.3 Low Performance Indicator:
|Description||Value||Rank In Market|
|P/E * P/NTA||122.59||In Bottom Quartile|
APPLE BULLISH SIGNALS
+ The relative yield of the stock, defined by its yield of 1.5%, divided by average yield of dividend yielding stocks in the NASDAQ-100 Index of 1.2% is 123.6%. This suggests the stock is undervalued in dividend yield terms.
+ Total Liabilities/EBITDA of 3.2 is comfortably below the Joseph Piotroski benchmark of 5.
+ Net profit margin has averaged 21.9% in the last 3 years. This is considered superior and suggests a high margin of safety.
+ As per the Du Pont analysis, Return on Equity is high at 35.6%. This is computed as net profit margin of 21.2% times asset turnover [sales/assets] of 0.67 times leverage factor [total assets/shareholders' equity] of 2.5.
+ Revenue and Net Profit growth are negative but improving in recent quarters. [Quarter ended, all figures in %]
|Qtr||Revenue Growth||Net Profit Growth||Net Profit Margin|
+ The 3.1% discount to 12-month high of $US162.51 against the 56.3% premium to 12-month low of $US100.75 suggests the stock continues to push for new highs.
+ In the last three months the stock has hit a new 52-week high four times, pointing to an uptrend.
+ The present value of $US1,000 (PV1000) invested one year ago in Apple is $US1,496, comprising a capital gain of $US469 and dividend reinvested of $US26.
+ The present value of USD1,000 (PV1000) invested thirty years ago in Apple is $US110,692, including a capital gain of $US98,025 and dividend reinvested of $US11,667.
+ 30 years Multiplier in USD = 110.692x
+ Compound Annual Growth Rate (CAGR) in USD = 16.8%
2.3 High Performance Indicators:
|Description||Value||Rank In Market|
|Today's Turnover||$US4.3 billion||In Top 1%|
|Revenue Per Employee||$US1.9 million||In Top 6%|
|Return on Assets [ROA] %||14.2||In Top 9%|
|Return on Capital Employed [ROCE] %||25.3||In Top Quartile|
|Price/MAP50||1.05||In Top Quartile|
|Price/MAP200||1.16||In Top Quartile|
PRICE VOLUME DYNAMICS
+ Volume: there were 27,362,016 shares worth $US4.3 billion traded today. In the past week, volume was 0.9 times average and the shares were up 0.01%. The volume was 0.9 times the average daily trading volume of 28.8 million shares.
3.2 Moving Annual Return
|AAPL||Close (USD)||Dividends (USD)||Capital Gain / (Loss) %||% Yield||Annual Return %|
|1 Yr ago||107.19||2.18||(4.9)||1.9||(3.0)|
|2 Yrs ago||112.72||1.98||22.4||2.2||24.6|
|3 Yrs ago||92.09||1.81||38.7||2.7||41.5|
|4 Yrs ago||66.38||1.63||(20.5)||2||(18.6)|
+ Beta: the Beta of Apple stock is 1.1. A Beta greater than 1 suggests this is a high risk, high return stock with volatility greater than that of the market.
4.1 Global Rank [out of 47,594 stocks] and Rank in the American Region [out of 12,725 stocks]
|Description||Value||Global Rank||In Am Region|
|Total Assets (US$)||321.7B||236||126|
|Net Profit (US$)||45.7B||3||2|
|Return on Equity %||35.6||1,193||414|
|Net Profit Margin %||21.2||5,350||1,502|
|Price to Book||6.9||27,810||5,416|
|PV$1000 (1Year) US$||1,496||7,045||1,565|
|US$ Change (1Year) %||47.2||6,961||1,585|
4.2 Independent Ratings
Apple Inc. was ranked 1 in Boston Consulting Group's list of Top 50 Most Innovative Companies 2015; unchanged over a year from the same rank 1 in 2014.
It was ranked 1 by MCap as at March 31, 2015 by PwC in the Top 100 Global companies; an improvement over 6 years from rank 33 as at March 31, 2009.
It was ranked 5 by total revenues in the Fortune 500 annual list for 2014; an improvement over a year from rank 6 in 2013.
It is the 11th largest by revenue in the Forbes Global 2000.
It is the 13th largest by revenue in the FT Global 500.
It was ranked 13 in the Industry Week list of the world's largest 1000 manufacturers by Revenues in 2015; an improvement over a year from rank 15 in 2014.
It was ranked 26 by Newsweek and Corporate Knights Capital in the World's 500 Greenest Companies 2016. It had outstanding scores of 96.3% in Carbon productivity, 95.8% in Water productivity and 94.2% in Waste productivity.
It is the 28th largest by revenue and largest by MCap among the PwC Global Software Leaders.
It was ranked in Citi's Top 50 global cash cows with reinvest-to-payout ratio of 0.28.
It is ranked in the Top 100 innovators by Clarivate Analytics.
It is placed 357/2223 in BSS News Bites' ranking of NASDAQ performers in the past year, a percentile ranking of 84.
5.1 Financials Summary
|Year ended||Sep 2016||Sep 2015||Sep 2014|
|Sales (USD B)||215.6||233.7||183.8|
|Pretax (USD B)||61.4||72.5||53.5|
|Net (USD B)||45.7||53.4||39.5|
5.2 Trailing 12 Months Dividends
|Trailing 12 Months To||Value ($US)|
|18 Aug 2017||2.4|
|18 Aug 2016||2.18|
|18 Aug 2015||1.98|
|18 Aug 2014||1.81|
|18 Aug 2013||1.63|
APPLE CORPORATE BONDS
6.1 Time [Yrs Mo Days] and Yield to Maturity as on Aug 17, 2017
|CUSIP||Time to Maturity||Yld (%)||Treasury (%)||Spread (%)||YTM Chng 3 Mo (bps)||Moody's||S&P|
|037833CH1||29 yrs 5 mo 22 d||3.86||2.78||1.08||-||-|
|037833CR9||9 yrs 8 mo 23 d||2.98||2.19||0.79||-||-|
|037833AZ3||7 yrs 5 mo 22 d||2.72||2.01||0.71||-||-|
|037833CU2||6 yrs 8 mo 23 d||2.6||2.01||0.6||-||-|
|037833AS9||6 yrs 8 mo 18 d||2.43||2.01||0.42||-25||Aa1||AA+|
|037833CQ1||4 yrs 8 mo 23 d||2.12||1.76||0.36||-||-|
|037833BF6||4 yrs 8 mo 25 d||2.11||1.76||0.35||-||-|
|037833BD1||2 yrs 8 mo 18 d||1.8||1.46||0.34||-||-|
|037833CS7||2 yrs 8 mo 23 d||1.72||1.46||0.26||-||-|
|037833AX8||2 yrs 5 mo 20 d||1.7||1.31||0.39||-||-|
|037833CK4||2 yrs 5 mo 20 d||1.65||1.31||0.34||-||-|
|037833AP5||1 yr 8 mo 18 d||1.6||1.31||0.29||-||-|
|037833CB4||1 yr 11 mo 15 d||1.48||1.31||0.18||-||-|
|037833BQ2||1 yr 6 mo 4 d||1.48||1.31||0.17||-||-|
|037833AQ3||1 yr 8 mo 18 d||1.47||1.31||0.17||-2||Aa1||AA+|
|037833CA6||1 yr 11 mo 15 d||1.41||1.31||0.11||-||-|
|037833CL2||2 yrs 5 mo 20 d||1.41||1.31||0.1||-||-|
|037833AW0||2 yrs 5 mo 20 d||1.4||1.31||0.09||-||-|
|037833BR0||1 yr 6 mo 4 d||1.34||1.31||0.03||-||-|
6.2 Key Statistics
|Maturity||Yield to maturity %||Yrs to Maturity||% Rise/Fall 3-mo|
|Feb to May 2018||0.97 to 1.34||0.52 to 0.71||-0.06|
|Feb to Aug 2019||1.31 to 1.6||1.48 to 1.96||-0.11|
|Feb to May 2020||1.4 to 1.8||2.47 to 2.73||-|
|Feb to Aug 2021||1.54 to 1.96||3.52 to 3.97||-0.18|
|Feb to May 2022||1.51 to 2.12||4.48 to 4.74||-|
|Feb to May 2023||2.32 to 2.37||5.52 to 5.71||0.26|
|Feb to May 2024||2.43 to 2.6||6.48 to 6.73||1.35|
|Feb to May 2025||2.72 to 2.81||7.48 to 7.74||-|
|Feb to Aug 2026||2.85 to 2.93||8.52 to 8.97||-|
|Feb to May 2027||2.98 to 3||9.48 to 9.73||-|
6.3 Yield Curve - Apple Bond vs US Treasury
|Years to Maturity||Apple Bond Yield (%)||Treasury Yield (%)||Spread to Treasury(Basis Points)|
The yield curve is upward sloping which is typical. The term premium between the yield of a 30-year Apple Inc. bond of 3.86% and the yield of a 2 year bond of 1.7% is 2.16%. Further, the yield curve is steepening from a term premium of 2.12% a month ago to a current level of 2.16%. This indicates investor expectations of rising inflation and/or increasing demand for longer-term bonds. In comparison, the term premium of Treasury is 1.48%, down from 1.49% a month ago.
Apple Inc.designs, manufactures, and markets personal computers, portable digital music players, and mobile communication devices and sells a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, and third-party wholesalers, resellers, and value-added resellers.
7.2 Industry & Sector
|Classification Level||Name of Sector|
|Business Sector||Technology Equipment|
|Industry Group||Computers, Phones & Household Electronics|
|Activity||Computer Hardware - NEC*|
* NEC: Not elsewhere classified
7.3 Top Management
The chairman is Arthur D. Levinson, the chief executive officer is Timothy D. Cook and the chief financial officer is Luca Maestri.
7.4 Issued Capital
Based on 5,213,840,000 issued shares the market capitalisation is $US821.2 billion.
REPORTED BUYING AND SELLING
8.1 Insider Selling
August 17: Apple insider sells
Apple (NASDAQ:AAPL) insider Kondo Chris sold 6,209 shares worth $US1,005,610 on August 16. The selling price was $US161.96.
August 09: Apple insider sells
Apple (NASDAQ:AAPL) insider Bruce Sewell sold 31,625 shares worth $US5,000,957 on August 07. The selling price was $US158.13. The shares hit a five-day high on the day.
August 09: Apple director sells
Apple (NASDAQ:AAPL) director Arthur D. Levinson sold 35,000 shares worth $US5,515,300 on August 07. The selling price was $US157.58. The shares hit a five-day high on the day.
August 09: Apple insider sells
Apple (NASDAQ:AAPL) insider Craig Federighi sold 63,163 shares worth $US9,984,175 on August 07. The selling price was $US158.07. The shares hit a five-day high on the day.
July 10: Apple insider sells
Apple (NASDAQ:AAPL) insider Dan Riccio sold 11,949 shares worth $US1,707,034 on July 06. The selling price was $US142.86. The shares hit a seven-day low on the day.
8.2 Institutional Buying and Selling Quarter Ended June 30
Total reported Institutional buying = 65,860,800 shares
Total reported Institutional selling = 118,018,392 shares
Net reported institutional selling = 52,157,592 shares
8.3 Reported Holdings of Institutions as at Jun 30, 2017
Total = 3,102,444,366 shares
Market Value = $US445.1 billion
Issued August 16, 2017
SYSTEM AND METHOD FOR REMOTELY INITIATING LOST MODE ON A COMPUTING DEVICE [EP3206155 (A1)]
Display screen or portion thereof with graphical user interface [D794,671]
Table mechanisms and structures [9,730,516]
Method of manufacturing touch sensors [9,733,331]
Computer display or cover glass/cell attachment to frame [9,733,670]
Radial menus [9,733,796]
Systems and methods for navigating a scene using deterministic movement of an electronic device [9,733,730]
Proxy gesture recognizer [9,733,716]
Case for electronic device having magnetic elements for connection with external magnetic elements [9,733,669]
Device, method, and graphical user interface with content display modes and display rotation heuristics [9,733,812]
Speech recognition wake-up of a handheld portable electronic device [9,734,830]
Displays with high impedance gate driver circuitry [9,734,783]
Organic light emitting diode displays with reduced leakage current [9,734,756]
Long term object tracker [9,734,587]
Finger biometric sensor including capacitance change sensing pressure sensing circuit and related methods [9,734,380]
Methods for restricting resources used by an application based on a base profile and an application specific profile [9,734,327]
Determining domain salience ranking from ambiguous words in natural speech [9,734,193]
Universal connector [9,734,108]
Voice control to diagnose inadvertent activation of accessibility features [9,733,821]
Cloud messaging between an accessory device and a companion device [9,736,290]
Light source window paint [9,736,283]
Accessory and mobile computing device communication using an application communication protocol [9,736,281]
Rapid data acquisition over the internet [9,736,266]
Using groups of user accounts to deliver content to electronic devices using local caching servers [9,736,262]
Electromagnetic alignment of inductive coils [9,735,629]
Single piece case with a battery and a hinge [9,735,595]
VCSEL structure with embedded heat sink [9,735,539]
Cableless battery integration [9,735,528]
Display screen or portion thereof with animated graphical user interface [D794,651]
Method for preventing overheating of internal components of a mobile terminal [9,736,792]
Tamper prevention for electronic subscriber identity module (eSIM) type parameters [9,736,678]
Location support for emergency calls [9,736,633]
Microphone-based orientation sensors and related techniques [9,736,578]
Generation of patterned radiation [9,736,459]
Capacative auto focus position detection [9,736,345]
Techniques for advanced chroma processing [9,736,335]
To view more details on these Patents, click here
10.1 Latest Buzz
|Aug 17, 2017||Apple Inc (AAPL) Approaches New Downside Target of $158.84||mysmartrend.com|
|Aug 17, 2017||Apple Inc. (AAPL) Stake Raised by Tyers Asset Management LLC||techkenyot.com|
|Aug 17, 2017||Lyons Wealth Management Cut Apple (AAPL) Holding; Blackrock||the Bibey Post|
|Aug 17, 2017||Apple Inc. (AAPL) from a Bullish Perspective||www.smarteranalyst.com|
|Aug 16, 2017||KGI Securities analyst: Apple Watch unlikely to support calls at launch||MSN|
|Aug 16, 2017||Apple Sets Rec rd With C$2.5 Billi n Maple B nd Market Issue||newscame.com|
|Aug 15, 2017||Sacconaghi: Google Is Paying Apple $3 Billion A Year To||Benzinga|
|Aug 15, 2017||Apple In Secret Talks With Aetna To Boost Watch Sales [REPORT]||ValueWalk|
|Aug 15, 2017||Apple s (AAPL) Buy Rating Reaffirmed at Needham & Company LLC||themarketsdaily.com|
|Aug 14, 2017||Apple Inc. (AAPL) Sees Large Growth in Short Interest||Breeze|
|Aug 14, 2017||Apple Inc. CEO Tim Cook Talks Market Share Gains||NWI|
|Aug 14, 2017||Apple: Bearish Conclusions Of The Deep Analysis||Seeking Alpha|
|Aug 14, 2017||Apple s Self-Driving Car: Nothing To See Here Apple Inc. (NASDAQ:AAPL)||WORLD NEWS & TIPS|
|Aug 14, 2017||Google to pay Apple $3 Billion||financialbuzz.com|
|Aug 14, 2017||Apple Inc. (NASDAQ:AAPL) Accidentally Leaked New Design||livetradingnews.com|
|Aug 14, 2017||Apple Inc. (AAPL) Receives Hold Rating from Stifel Nicolaus||wisdomsave.com|
10.2 Analyst Recommendation: Past Fortnight
|Aug 04, 2017||KeyCorp||Reiterates||Equal Weight|
10.3 Conference Call Transcripts
To view Conference Call-transcripts, click here
August 08: U.S. International Trade Commission to Pursue Investigation of Apple
SAN DIEGO, Aug. 8, 2017 /PRNewswire/ -- Qualcomm Incorporated (Nasdaq:QCOM) today announced that the United States International Trade Commission (ITC) has commenced an investigation into Apple Inc. The investigation is based on a complaint filed by Qualcomm on July 7, 2017.
The investigation will examine whether Apple has engaged in unfair trade practices by importing and selling certain mobile electronic devices, including iPhones and iPads that infringe one or more claims of six Qualcomm patents. Qualcomm is requesting that the ITC issue a Limited Exclusion Order to bar importation, and a Cease and Desist Order to bar further sales and marketing in the United States, of iPhones and iPads that use cellular baseband processors other than those supplied by Qualcomm's affiliates.
"Qualcomm is pleased with the ITC's decision to investigate Apple's unfair trade practices and the unauthorized importation of products using Qualcomm's patents," said Don Rosenberg, executive vice president and general counsel of Qualcomm. "We look forward to the ITC's expeditious investigation of Apple's ongoing infringement of our intellectual property and the accelerated relief that the Commission can provide."
Source: Nasdaq Stock Exchange
10.5 Corporate Wire
To view Recent Company Headlines, click here
August 15: Earnings Review and Free Research Report: Post Earnings Coverage as Apple's Q3 EPS Surged 17% Y-o-Y; Outperformed Projections
Research Desk Line-up: Eastman Kodak Post Earnings Coverage
LONDON, UK / ACCESSWIRE / August 15, 2017 /Pro-Trader Daily has just published a free post-earnings coverage on Apple Inc. (NASDAQ:AAPL), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=AAPL, following the Company's announcement of its financial results on August 01, 2017, for the third quarter fiscal 2017 (Q3 FY17).
August 11: Pre-Market Technical Recap on Electronic Equipment Stocks -- Apple, Fabrinet, Philips, and Sony
NEW YORK, August 11, 2017 /PRNewswire/ --
If you want a Stock Review on AAPL, FN, PHG, or SNE then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. For today, DailyStockTracker.com draws investors' attention to Apple Inc. (NASDAQ:AAPL), Fabrinet (NYSE:FN), Koninklijke Philips N.V.
August 04: Financialinsiders.com Earnings Recap Week Ending August 4th, 2017
NEW YORK, August 4, 2017 /PRNewswire/ --
The U.S. equity market closed mixed on Thursday after the Wall Street Journal reported that Special Counsel Robert Mueller impaneled a grand jury in the Russia probe. The S&P 500 Index fell 0.22 percent, or 5.41 points, to 2,472.16 while the NASDAQ Composite lost 0.35 percent to 6340.34.
August 03: Apple announces dividend
Apple today announced a quarterly dividend of 63.0c per share. The ex dividend date is Thursday, August 10, 2017 and the record date is Monday, August 14, 2017 and it is payable on Thursday, August 17.
Contact: +1 408 996-1010
Physical Address: 1 Infinite Loop, Cupertino, CA,95014
State/Province/Country: United States
Country of Incorporation: United States
Industry [NAICS]: 334220
Apple Inc, Apple, Inc