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Apple has issued 4.8 billion shares as of July 2020. That’s a lot of shares!
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Apple’s Stock History
Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. The company’s hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, apple watch smartwatch, apple tv digital media player, and the HomePod smart speaker. Apple’s software includes the macOS and iOS operating systems, the iTunes media player, the Safari web browser, and the iLife and iWork creativity and productivity suites.
Apple’s IPO
Apple’s initial public offering (IPO) took place on December 12, 1980. The IPO raised $97 million, with 4.6 million shares being offered at $22 per share. The stock price climbed to $29 per share by the end of the first day of trading, giving Apple a market value of $1.778 billion.
Apple’s Stock Splits
Apple has a long history of stock splits. The company’s first split occurred in 1987, when it did a 2-for-1 split. Apple has since split its stock four more times, most recently in 2014.
Here’s a look at Apple’s stock splits:
1987 – 2-for-1 split
2000 – 2-for-1 split
2005 – 2-for-1 split
2014 – 7-for-1 split
Today, each share of Apple common stock is worth about one seventh of what it was worth prior to the 2014 split.
Apple’s Current Stock Price
Apple Inc. (AAPL) is currently trading at $207.48 per share. This is a decrease of $2.52, or 1.19%, from the previous close of $210.00. Today’s volume of 28,362,064 shares is about 29% below the 30-day average volume of 40,071,976 shares. AAPL shares have traded between $142.00 and $233.47 in the past 52 weeks.
Apple’s Stock Price History
Apple Inc. (AAPL) is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. The company’s hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, apple watch smartwatch, apple tv digital media player, and the HomePod smart speaker. Apple’s software includes the macOS and iOS operating systems, the iTunes media player, the Safari web browser, and the iLife and iWork creativity and productivity suites. Its online services include the iTunes Store, the iOS App Store and Mac App Store,apple music iCloud, and iCloud Drive.
Apple was founded steve jobs Steve Wozniak, and Ronald Wayne on April 1 st 1976; it was incorporated as Apple Computer Company on January 3 rd 1977. The word “Computer” was dropped from its name on January 9 th 2007 after which it was renamed as Apple Inc., with an initial public offering in 1980.
Apple’s Current Stock Price
Apple’s current stock price (AAPL) is $206.48 per share, down from its 52-week high of $233.47 per share. As of February 3, 2020, Apple had 4,829,926,000 shares outstanding.
Apple’s Stock Dividend
As of May 1, 2019, Apple Inc. (AAPL) had 4,829,926,000 shares of common stock outstanding. This is based on the company’s most recent quarterly report filed with the Securities and Exchange Commission (SEC). Each share entitles the holder to one vote on all matters brought before shareholders at Apple’s annual meeting.
Apple’s Dividend Yield
As of May 2020, Apple’s dividend yield is 0.75%.
This yield is determined by the company’s most recent quarterly dividend of $0.77 per share, divided by the current stock price of $207.48 per share.
With a yield of 0.75%, Apple’s dividend is slightly below the average dividend yield for stocks in the S&P 500 index, which is currently 1.37%.
Apple’s Dividend History
Apple’s Stock Dividend – (How Many Shares Does Apple Have?)
##Heading: Dividends Paid to Shareholders
Apple has paid dividends to shareholders since 1987. Below is a history of the dividend payments.
-1987: $0.12 per share
-1988: $0.18 per share
-1989: $0.24 per share
-1990: $0.30 per share
-1991: $0.36 per share
-1992: $0.42 per share
-1993: $0.48 per share
-1994: $0.54 per share
-1995: $0.60 per share
-1996: $0.66 per share
-1997: $0.72 per share
-1998: $0.78 per share
-1999: $0.84 per share
-2000: $0.90per share
2001: No dividend was paid due to the economic conditions following the terrorist attacks of September 11th.
Apple’s Stock Buybacks
Apple has been buying back its own stock for years. As of June 30, 2020, Apple had $210.6 billion left in its share repurchase program. That’s a lot of money! Moreover, Apple has been paying dividends to shareholders since 2012. In this article, we’ll take a closer look at Apple’s stock buybacks.
Apple’s Stock Repurchase Program
In 2018, Apple spent $100 billion on share repurchases under its capital return program, more than any other company has ever spent in a single year.
Apple (AAPL) has been buying back its own stock for years, but it ramped up its efforts in 2012 when it announced a $10 billion program. Since then, the company has spent more than $250 billion on buybacks and now has just over 4.4 billion shares outstanding, down from 5.4 billion in 2012.
In 2018, Apple spent $100 billion on share repurchases under its capital return program, more than any other company has ever spent in a single year. The tech giant said it plans to buy back an additional $75 billion of stock in 2019.
With such a large share count reduction, it’s no surprise that Apple’s earnings per share have increased significantly since 2012. In fact, the company’s EPS has nearly doubled over that time period.
Apple’s Stock Buyback Authorization
In May 2018, Apple’s board of directors authorized another $100 billion share buyback program. This new program is in addition to the $210 billion program that was announced in April 2017 and still had $35 billion left to be repurchased as of the end of Apple’s fiscal 2018. With this latest authorization, Apple now has a total of $245 billion available to use for share repurchases.
When a company conducts a stock buyback, it is essentially buying back its own shares from investors on the open market. For example, if Apple wanted to buy back $10 billion worth of its shares, it would go into the open market and purchase those shares from whoever is selling them. The result of this would be that there are fewer shares outstanding, and each individual share becomes more valuable because there is now a higher percentage of ownership for each shareholder.
Stock buybacks are often conducted when a company’s stock is trading at high price and the company believes that the shares are undervalued. By buying back its own shares, the company can increase the value of its stock and make it more attractive to investors.
Apple has been conducting stock buybacks for many years, but the magnitude of these programs has increased significantly in recent years. In fact, Apple has repurchased more than $240 billion worth of its own shares since 2012.
Final Thoughts on Apple’s Stock
Apple’s stock is down today after the company announced its earnings for the quarter. This marks the fourth straight quarter that Apple has missed its earnings estimates. The company is now trading at $96 per share, which is down from its 52-week high of $145.
Should You Buy Apple Stock?
Apple is one of the most valuable and well-known companies in the world, so it’s no surprise that their stock is highly sought-after. But is Apple stock a good investment?
That depends on a number of factors, including your investment goals and the current state of the stock market. If you’re considering buying Apple stock, you’ll need to weigh the pros and cons carefully before making a decision.
On the plus side, Apple is a financially sound company with a history of strong profitability. They have a large customer base and are consistently innovating with new products and services. Their stock price has been on a generally upward trend over the last few years, although there have been some dips along the way.
On the downside, Apple stock is not particularly cheap right now. It trades at around 18 times earnings, which is somewhat high for a large company. And while Apple has been profitable in the past, there’s no guarantee that this will continue in the future. They face stiff competition in many of their markets, and their products could become obsolete if new technologies emerge.
So, should you buy Apple stock? That’s a decision that only you can make, but be sure to do your research before investing any money.
