
As of the latest data available, Apple's shares outstanding have been steadily increasing over the years, reaching a total of over 16.4 billion shares as of 2022.
The increase in shares outstanding can be attributed to the company's consistent growth and expansion into new markets, resulting in a significant rise in investor demand.
Apple's stock price has been on a steady upward trend, with a significant surge in 2020 that saw the price more than double in just a few months.
This growth can be attributed to the company's strong financial performance, innovative products, and expanding ecosystem of services.
Stock Information
As we dive into the world of Apple shares outstanding, let's take a look at the current short selling information. The latest short interest is a significant 156.46 million shares.
This number represents 1.04% of the outstanding shares that have been sold short. In other words, a substantial portion of Apple's shares are being held by short sellers.
Here's a breakdown of the short selling activity:
Apple's Stock Repurchases
Apple has shelled out $78.1 billion to repurchase 456 million shares of its own stock over the past four reported quarters.
This is a significant amount of money, but it's worth keeping things in perspective - Apple's current market capitalization stands at $2.6 trillion.
The company's buyback program is actually quite impressive, especially considering its enormous size.
Apple continues to make overall net progress in reducing the supply of shares, which makes its remaining ones more valuable.
As of the end of last year, there were about 2% fewer outstanding Apple shares than there were a year earlier.
The company's enormous size makes it difficult to buy and then remove a meaningful number of outstanding shares, so it's taking a lot to make a beneficial difference in its float.
Stock Splits
The last stock split was on August 31, 2020.
It was a forward split with a ratio of 4:1. This type of split increases the number of shares you own, making each share more affordable.
The forward split ratio of 4:1 means that for every one share you owned before the split, you now own four shares.
Here's a breakdown of the last stock split:
Stock Price History
Apple's stock price has a rich history, and it's fascinating to see how it's evolved over the years. Apple's initial public offering in 1980 raised more capital than any other IPO since Ford Motor Company in 1956, making instant millionaires out of about 300 employees.
The stock price at IPO was $22 per share, and on the first day of trading, Steve Jobs, the largest shareholder, made $217 million. By the end of that day, Apple's stock price had risen by almost 32%.
Apple's first shareholder meeting as a public company was held in 1981 at the Flint Center at De Anza College in Cupertino. Steve Jobs' prepared speech was reportedly interrupted several times and eventually devolved into an emotionally-charged rant about respect and betrayal.
In 1987, Apple had its first two-for-one stock split, where shareholders received two shares at a stock price of $41.50 each for their stock, which had closed the previous day at $78.50. This split was a significant milestone in Apple's history.
The 1990s saw Apple's stock price swing violently, often falling below $10. However, by the 2000 boom, Apple's stock price skyrocketed above the $30 mark.
In 2000, Apple issued its second two-for-one stock split, with the stock price at $101.25. Five years later, Apple issued a third two-for-one stock split, with the stock price at $88.99.
The financial crisis of the late 2000s had a significant impact on Apple's stock price, but the company's diversification efforts, including the introduction of the iPod and iPhone, helped it recover.
Valuation and Efficiency
Apple's valuation ratios are a key consideration for investors. The trailing PE ratio is a whopping 39.81, indicating that investors are willing to pay a significant premium for Apple's shares.
The forward PE ratio is slightly lower at 32.73, suggesting that investors expect Apple's earnings to grow in the future. The PEG ratio of 3.48 indicates that Apple's stock is relatively expensive compared to its earnings growth.
Here are Apple's key valuation ratios in a quick reference table:
In terms of efficiency, Apple's return on equity (ROE) is an impressive 157.41%, indicating that the company generates a significant amount of profit from shareholder equity.
Valuation Ratios
Valuation ratios are a crucial aspect of assessing a company's value and efficiency. The trailing PE ratio for Apple is 39.81.
This ratio compares the company's current stock price to its earnings over the past year. A high trailing PE ratio can indicate that investors are optimistic about the company's future growth prospects.
Apple's forward PE ratio is 32.73, which is lower than the trailing PE ratio. This suggests that investors are expecting the company's earnings to grow in the future.
The forward PE ratio is a prediction of the company's earnings growth. A lower forward PE ratio can be a sign of undervaluation.
Apple's PEG ratio is 3.48, which is a combination of the PE ratio and the expected earnings growth rate. A lower PEG ratio can indicate that the company's stock is undervalued.
Here is a summary of Apple's valuation ratios:
These ratios provide a snapshot of Apple's valuation and can help investors make informed decisions.
Financial Efficiency
Financial efficiency is a crucial aspect of a company's performance. The return on equity (ROE) is an impressive 157.41%, indicating that the company is generating a significant amount of profit from its equity.
The return on invested capital (ROIC) is also high at 42.54%, showing that the company is efficiently using its capital to generate profits. This suggests that the company is making smart financial decisions.
The revenue per employee is a staggering $2.38 million, indicating that the company is able to generate a lot of revenue with a relatively small workforce. This is likely due to the company's focus on efficiency and productivity.
The profits per employee are also substantial at $571,561, further highlighting the company's ability to generate profits with a lean workforce. This is likely a result of the company's efficient operations and management.
Here's a summary of the company's financial efficiency metrics:
The company's asset turnover is 1.09, indicating that the company is generating a moderate amount of revenue from its assets. The inventory turnover is a high 30.90, suggesting that the company is able to quickly turn over its inventory and generate revenue from it.
Frequently Asked Questions
Who has most Apple shares?
Vanguard holds the most shares of Apple (AAPL). Retail investors also own a significant portion, approximately 50.72% of the company's stock.
How do you find historical shares outstanding?
To find historical shares outstanding, check a company's quarterly filings with the US Securities and Exchange Commission or its annual reports, specifically the capital section. This information is also listed on the company's balance sheet as "Capital Stock
Sources
- https://www.macroaxis.com/invest/ratio/AAPL/Shares-Outstanding
- https://www.alphaspread.com/security/nasdaq/aapl/financials/balance-sheet/common-shares-outstanding
- https://stockanalysis.com/stocks/aapl/statistics/
- https://markets.businessinsider.com/stocks/aapl-stock
- https://www.fool.com/investing/2024/04/29/heres-how-much-stock-apple-repurchased-in-the-past/
Featured Images: pexels.com