US Nasdaq stock report - Apple
Apple increases, lifts 2.8% for week June 23, 2017 16:00 EDT
NEWS BITES - NORTH AMERICA
Apple Inc. (NASDAQ:AAPL), NASDAQ's largest Computer integrated systems company by market cap, has increased 65.0c (0.4%) from its last trading session of June 22 to close at $US146.28. Compared with the NASDAQ-100 Index which rose 23.2 points (0.4%) in the day, the relative price increase was 0.05%. The rise has been propped up by firm volume of 1.2 times the average daily volume of 30.1 million shares. The stock lifted 2.8% in the past week.
APPLE ISSUED 52 NEW PATENTS IN THE WEEK OF JUNE 20, 2017
Apple (AAPL) has been issued 52 new patents by the US Patent and Trademark Office. For details see Section 9
APPLE BULLISH SIGNALS
+ The relative yield of the stock, defined by its yield of 1.6%, divided by average yield of dividend yielding stocks in the NASDAQ-100 Index of 1.1% is 141.6%. This suggests the stock is undervalued in dividend yield terms.
+ Total Liabilities/EBITDA of 2.7 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.
Uptrend: The stock rose on high volatility today and expanding price range.
+ In the last three months the stock has hit a new 52-week high twelve times, pointing to a significant uptrend.
+ The present value of $US1,000 (PV1000) invested one year ago in Apple is $US1,582, comprising a capital gain of $US552 and dividend reinvested of $US30.
+ The present value of USD1,000 (PV1000) invested thirty years ago in Apple is $US120,169, including a capital gain of $US106,972 and dividend reinvested of $US12,197.
+ 30 years Multiplier in USD = 120.169x
+ Compound Annual Growth Rate (CAGR) in USD = 17.1%
1.3 Short Selling:
+ The current short volume is 0.8 times its own historical average of 0.1%.
1.4 High Performance Indicators:
|Description||Value||Rank In Market|
|Today's Turnover||$US5.2 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|
|Volatility %||1.4||In Top Quartile|
APPLE BEARISH SIGNALS
+ Tobin's Q Ratio, defined as MCap divided by Total Assets, is 2.4. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.
+ Revenue and Net Profit growth have shown signs of deterioration in recent quarters. [Quarter ended, all figures in %]
|Qtr||Revenue Growth||Net Profit Growth||Net Profit Margin|
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|
PRICE VOLUME DYNAMICS
+ Volume: there were 35,405,000 shares worth $US5.2 billion traded today. In the past week, volume was 0.9 times average and the shares were up 2.8%. The rise has been propped up by firm volume of 1.2 times the average daily volume of 30.1 million shares.
+ Apple is at a discount of 6.6% to its 12-month high of $US156.65 on May 15. It is also at a premium of 62.8% to the 12-month low of $US89.88 on June 27, 2016.
3.2 Moving Annual Return
|AAPL||Close (USD)||Dividends (USD)||Capital Gain / (Loss) %||% Yield||Annual Return %|
|1 Yr ago||94.25||2.13||(23.2)||1.7||(21.4)|
|2 Yrs ago||122.64||1.93||41.8||2.2||44.1|
|3 Yrs ago||86.46||1.78||58.6||3.3||61.9|
|4 Yrs ago||54.52||1.57||(27.4)||2.1||(25.3)|
+ Beta: the Beta of Apple stock is 1.1. A Beta greater than 1 suggests this is a high risk, high return stock with volatility greater than that of the market.
3.4 Turnover Rate & Turnover Period:
+ The turnover rate in the 12 months to date was 119.7% (or a turnover period of 10 months). This average length of ownership of the stock at 1.3 times the average holding period of 7 months for stocks in the NASDAQ-100 Index suggests a larger number of core investors, making a long-term investment safer.
4.1 Global Rank [out of 47,453 stocks] and Rank in the American Region [out of 12,865 stocks]
|Description||Value||Global Rank||In Am Region|
|Total Assets (US$)||321.7B||199||100|
|Net Profit (US$)||45.7B||2||2|
|Return on Equity %||35.6||1,190||412|
|Net Profit Margin %||21.2||5,280||1,473|
|Price to Book||6.4||28,752||5,218|
|PV$1000 (1Year) US$||1,582||6,537||1,660|
|US$ Change (1Year) %||55.0||6,534||1,679|
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 409/2265 in BSS News Bites' ranking of NASDAQ performers in the past year, a percentile ranking of 82.
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)|
|23 Jun 2017||2.34|
|23 Jun 2016||2.13|
|23 Jun 2015||1.93|
|23 Jun 2014||1.78|
|23 Jun 2013||1.57|
APPLE CORPORATE BONDS
6.1 Time [Yrs Mo Days] and Yield to Maturity as on Jun 22, 2017
|CUSIP||Time to Maturity||Yld (%)||Treasury (%)||Spread (%)||YTM Chng 3 Mo (bps)||Moody's||S&P|
|037833AS9||6 yrs 10 mo 13 d||2.65||1.98||0.67||-27||Aa1||AA+|
|037833AQ3||1 yr 10 mo 13 d||1.52||1.35||0.17||-11||Aa1||AA+|
6.2 Key Statistics
|Maturity||Yield to maturity %||Yrs to Maturity||% Rise/Fall 3-mo|
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 7-year Apple Inc. bond of 2.65% and the yield of a 2 year bond of 1.52% is 1.13%. Further, the yield curve is flattening from a term premium of 1.33% a month ago to a current level of 1.13%. This indicates investor expectations of falling inflation and/or decreasing demand for longer-term bonds. In comparison, the term premium of Treasury is 0.64%, down from 0.77% 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 $US762.7 billion.
REPORTED BUYING AND SELLING
8.1 Insider Selling
June 09: Apple insider sells
Apple (NASDAQ:AAPL) insider Dan Riccio sold 11,949 shares worth $US1,855,936 on June 07. The selling price was $US155.32. The shares hit a one-month high on the day.
June 06: Apple insider sells
Apple (NASDAQ:AAPL) insider Luca Maestri sold 4,757 shares worth $US735,898 on June 02. The selling price was $US154.70. The shares hit a 17-day high on the day.
May 30: Apple insider sells
Apple (NASDAQ:AAPL) insider Johny Srouji sold 5,447 shares worth $US839,219 on May 25. The selling price was $US154.07.
May 30: Apple insider sells
Apple (NASDAQ:AAPL) insider Johny Srouji sold 4,572 shares worth $US703,311 on May 30. The selling price was $US153.83. The shares hit a seven-day high on the day.
May 25: Apple insider sells
Apple (NASDAQ:AAPL) insider Federighi Craig sold 24,000 shares worth $US3,670,800 on May 24. The selling price was $US152.95. The shares hit a five-day low on the day.
8.2 Institutional Buying and Selling Quarter Ended March 31
Total reported Institutional buying = 493,985,067 shares
Total reported Institutional selling = 96,882,327 shares
Net reported institutional buying = 397,102,740 shares
8.3 Reported Holdings of Institutions as at Mar 31, 2017
Total = 3,182,549,276 shares
Market Value = $US455.3 billion
Issued June 20, 2017
Progressive rotational view [9,684,440]
Associating a URL or link between two applications [9,684,501]
Register renamer that handles multiple register sizes aliased to the same storage locations [9,684,516]
Method and apparatus for handling security of an application and its extension [9,684,547]
Reference representation and transformation in collaborative documents [9,684,646]
Link aggregator for an electronic display [9,684,942]
Method of image processing for an augmented reality application [9,685,004]
Display with semiconducting oxide and polysilicon transistors [9,685,469]
Different lightly doped drain length control for self-align light drain doping process [9,685,557]
Automatic digital camera photography mode selection [9,686,469]
Adaptive black-level restoration [9,686,448]
Apparatus and methods for storing electronic access clients [9,686,076]
Method and system using relays with aggregated spectrum [9,686,061]
Radio frequency system hybrid power amplifier systems and methods [9,685,981]
Power converters [9,685,880]
Detection of coil coupling in an inductive charging system [9,685,814]
Electronic device with near-field antenna operating through display [9,685,690]
Displays having polarizing structures formed using narrowband dichroic dyes [9,685,635]
Display screen or portion thereof with graphical user interface [D789,989]
Display screen or portion thereof with animated graphical user interface [D789,969]
Display screen or portion therof with animated graphical user interface [D789,964]
Display screen or portion thereof with animated graphical user interface [D789,960]
Electronic device [D789,926]
Electronic device [D789,924]
Cross-carrier scheduling [9,686,773]
Methods and apparatus for power consumption management during discontinuous reception [9,686,750]
Systems and methods for intelligent frequency selection in carrier aggregation enabled networks [9,686,740]
Methods and apparatus for configuration of femtocells in a wireless network [9,686,738]
Systems and methods for facilitating intra-cell-peer-to-peer communication [9,686,681]
Rate-estimation for encoding rate control [9,686,556]
Camera pair calibration using non-standard calibration objects [9,686,539]
Pixel binning in an image sensor [9,686,485]
Scene stability detection [9,686,470]
User interface for providing consolidation and access [9,684,436]
Sharing media content [9,684,431]
Device, method, and graphical user interface for managing concurrently open software applications [9,684,429]
Button functionality [9,684,394]
Mobile electronic device with an adaptively responsive flexible display [9,684,341]
Display having a flexured element [9,684,196]
Upright mounted camera actuator component with trapezoidal magnet for optical image stabilization [9,684,184]
Imaging range finder fabrication [9,683,841]
Metal surface and process for treating a metal surface [9,683,305]
Insert molded parts and methods for forming the same [9,682,500]
Disassembly fixture, apparatus, and method for an electronic device [9,682,451]
Table display system [9,681,759]
Organic light-emitting diode display with color filter layer [9,685,486]
Integrated circuit package [9,685,425]
Easily computable object representations [9,684,999]
Data protection for keychain syncing [9,684,801]
Systems having discrete and continuous gesture recognizers [9,684,521]
To view more details on these Patents, click here
10.1 Latest Buzz
|Jun 22, 2017||E&G Advisors LP Has $3.54 Million Stake in Apple Inc. (AAPL)||ekosvoice.com||Jun 22, 2017||Apple Inc. (AAPL) Given Average Rating of "Buy" by Brokerages||fumbleboard.com||Jun 22, 2017||Apple Inc (NASDAQ:AAPL) Institutional Investors Sentiment Index Dive in 2016 Q4||hoyentv.com||Jun 22, 2017||Apple's (AAPL) "Outperform" Rating Reiterated at Cowen and||ismboard.com||Jun 22, 2017||After dispute with Apple, chip maker Imagination Technologies puts itself up for sale||onenewspage.com||Jun 22, 2017||Argentiere Capital Ag Trimmed Apple (AAPL) Stake By $24.15 Million; Carbonite (CARB) Has 1.85 Sentiment||the Bibey Post|
|Jun 21, 2017||Apple : The Most Lucrative Wireless Industry Opportunities on the Planet||4 Traders||Jun 21, 2017||Long-Term Fundamentals, Brand Make Apple a Fantastic Long-term play||BayStreet||Jun 21, 2017||The Latest On Apple's Legal Battle With Qualcomm||Benzinga||Jun 21, 2017||Apple Tops Yet Another List, As They Are Crowned Largest IT Vendor In The World||Dazeinfo||Jun 21, 2017||Apple, Inc. as a Dividend Stock: Still a Top Pick||NWI||Jun 21, 2017||Apple Inc. (NASDAQ:AAPL) seeking to void some of Qualcomm s patent||benchmarkmonitor.com||Jun 21, 2017||Apple Adds Virgin T U.S. Carrier Lineup As Virgin Ditches Andr id||newscame.com|
|Jun 20, 2017||Apple cranks up $1 billion lawsuit against Qualcomm||The Business Journal||Jun 20, 2017||Apple Incorporated (NASDAQ:AAPL)'s Stock Is Sell After More Market Selling||ibusinesslines.com||Jun 20, 2017||Apple Steps Up Legal Battle With Qualcomm||ih.advfn.com||Jun 20, 2017||Morgan Stanley Analyst Is Wrong About Tesla Becoming Larger Than Apple||profitconfidential.com|
|Jun 19, 2017||Boeing Replaces Apple as DJIA s Best Performing Stock in 2017||24/7 Wall ST||Jun 19, 2017||The Apple Inc. (AAPL) Shares Sold by Sheets Smith Wealth||Le Camp des recrues||Jun 19, 2017||Apple P2P Payments Aren't a Threat to PayPal or Square||Lincoln Journal Star||Jun 19, 2017||Drexel Hamilton Reaffirms Buy Rating for Apple Inc. (AAPL)||frozenmail.net||Jun 19, 2017||Watch for Shares of Apple (AAPL) to Approach Resistance at $145.29||mysmartrend.com||Jun 19, 2017||Apple Inc. (AAPL) Given New $175.00 Price Target at Argus||nolopodrasdejardever.com||Jun 19, 2017||Apple, U.S. Steel Stocks See Surging Weekly Options Volume||schaeffersresearch.com||Jun 19, 2017||Miles Capital Inc. Increases Stake in Apple Inc. (AAPL)||themarketsdaily.com|
10.2 Analyst Recommendations: Past Fortnight
|Date||Brokerage||Action||Past Rating||Current Rating||Prev Target||Price Target|
|Jun 21, 2017||Goldman Sachs Group, Inc. (The)||Reiterates||-||Buy||-||170|
|Jun 19, 2017||Maxim Group||Raises Target||Buy||Buy||171||180|
|Jun 16, 2017||Morgan Stanley||Reiterates||-||Overweight||-||177|
|Jun 16, 2017||Cowen and Company||Reiterates||-||Outperform||-||160|
|Jun 16, 2017||Barclays PLC||Reiterates||-||Equal Weight||-||123|
10.3 Corporate Wire
To view Recent Company Headlines, click here
June 16: Jamie Erlicht & Zack Van Amburg Joining Apple to Lead Video Programming
June 06: Apple: iMac Pro, the Most Powerful Mac Ever, Arrives This December
June 06: Apple: HomePod Reinvents Music in the Home
June 06: Apple: iOS 11 Brings Powerful New Features to iPhone & iPad This Fall
June 05: Apple Unveils All-New App Store
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