Stocks

As institutional investors side with Apple, Carl Icahn withdraws his buyback proposal

Christian Zibreg ∙ Updated June 16, 2016

Controversial activist investor Carl Icahn continues to aggressively purchase shares of Apple while insisting that the company increase the size of its share buyback program. His proposal for a $50 billion buyback has been met with resistance by proxy advisory firm Institutional Shareholder Services (ISS) which now recommends voting against the plan.

ISS argues that the Apple board has already returned the bulk of its U.S.-generated cash to shareholders through the company's aggressive stock buybacks and dividends payouts. As a result of large institutional investors siding with Apple, Icahn has withdrawn his proposal...

Following 8 percent slide, Apple repurchases $14 billion in stock

Cody Lee ∙ Updated March 19, 2018

Apple reported the financial results for its holiday quarter late last month, and for the most part they killed it—the company set records for revenue, iPhone sales, and iPad sales during the 3-month period. But all Wall Street saw was declining growth.

The Cupertino tech giant's stock dropped 8% that day in after-hours trading, falling from $550 per share to $500, and it has yet to rebound. But Tim Cook says Apple's taking advantage of the unexpected price drop by going on a major buyback spree...

Apple amends corporate bylaws following criticism over lack of female leaders

Cody Lee ∙ January 6, 2014

Bloomberg is reporting today that Apple has come under criticism from some of its major shareholders over the absence of women on its board and throughout its executive team. Specifically, Trillium Asset Management LLC and the Sustainability Group have engaged the company on the issue.

The shareholders have met with Apple a number of times over the past few months to address the its lack of diversity in top-level ranks. They intended to bring the issue to a vote at the February shareholder meeting, but Apple agreed to address the issue via new language in its corporate charter...

Carl Icahn files proposal to put $150B Apple stock buyback program up for vote

Sébastien Page ∙ December 4, 2013

Carl Icahn knows what he wants, and he usually gets it. These days, what Carl Icahn wants is Apple to initiate a $150 billion buyback program of its stock. Although Tim Cook hasn't clearly expressed it, he's been reluctant to follow Icahn's request, which led him to file a precatory proposal.

A precatory proposal is a fancy term which, in clear English means a shareholder proposal for a stock buyback program to be voted on at Apple's next annual shareholder meeting...

Yahoo Finance gets push notifications and all-new iOS 7 look

Christian Zibreg ∙ Updated January 24, 2018

Since the iPhone's inception, Yahoo has been Apple's exclusive provider of weather and stock market data in iOS. While I've never been a big fan of Yahoo's Finance app for the iPhone and iPad, I prefer to keep tabs on stocks on the Yahoo Finance website, as opposed to Google Finance.

I'll be changing my mind, however, as the Internet giant has at last given the iOS app a thorough overhaul while adding new features such as notifications for stock price changes, so it now feels right at home in iOS 7...

Shares 2 offers a ridiculously simple way to track your stocks

Lory Gil ∙ Updated February 16, 2018

Keeping track of your stocks can be a burden if you are using Apple’s native Stocks app. You can see increases and decreases from the day’s opening, but figuring out how much you’ve made or lost takes additional time, and usually a calculator.

Shares 2 gives you a simple and elegant view of the companies you’ve invested in, plus gives you an overview of how much money you’ve made or lost overall…

A quick look at the Apple stock price before and after an iPhone announcement

Sébastien Page ∙ Updated April 18, 2016

Here is an interesting graph to look at, a day before Apple is set to announce not one, but two new iPhones, which we'll call the iPhone 5S and the iPhone 5C, at least until Apple proves us wrong.

This chart, created by Deutsche Bank's Chris Whitmore takes a look at the Apple stock price during the months before and after an iPhone announcement...

Apple SVP Phil Schiller sells nearly $20 million in company stock

Cody Lee ∙ August 16, 2013

Apple's Senior Vice President of Worldwide Marketing Phil Schiller became $20 million richer today, according to documents filed with the SEC. The papers show that Schiller cashed in a ton of Apple stock for more than $18 million in cash.

In all, Schiller sold a total of 37,172 shares of common stock at a price of $500 for a total haul of $18.6 million. That's almost exactly half of his 75,000 shares that vested in June, which was half of the 150,000 share bonus he received last fall...

Another high profile investor announces position in Apple, stock crosses $500

Cody Lee ∙ August 14, 2013

Yesterday, Carl Icahn, one of the most prominent investors on Wall Street, set the Internet on fire when he announced that he had taken a 'large position' in Apple. He didn't say how much money, exactly, but the investment is believed to be over $1 billion.

As you can imagine, Icahn's comments also set APPL on fire as well. The already-climbing stock jumped 20 points yesterday, and ended up closing around $490. And today, it's crossed the $500 mark on the back of another high-profile investor's blessings...

Apple’s stock had a nice little July, but why?

Cody Lee ∙ August 1, 2013

At the time of this writing, Apple's stock is hovering around $456 per share. While that's still painfully lower than its peak of $702 back in September of last year, it's a major improvement over the $398 per share low it hit last month. So what happened?

The truth is, APPL had a nice little July. After starting the month at $405, the stock spiked around the 23rd—the day it announced its 'disappointing' Q3 earnings—and has been on the rise since. But why? Are investors gaining confidence in Apple again?

Apple Board mods Tim Cook’s pay package to be more performance-based

Cody Lee ∙ June 21, 2013

According to a new filing with the SEC this afternoon, Apple's Board of Directors has elected to modify Tim Cook's payment package he was awarded in 2011 after being promoted to CEO. The change, which apparently came at Cook's request, takes the one million restricted stock units he was set to receive over the next 10 years and makes the compensation more performance-based...

Apple’s new Wall Street runaway hit: iDebt

Ed Sutherland ∙ May 1, 2013

Wall Street is nothing if not fickle. Questions over Apple's future profits sent the company's stock into a tailspin for the past six months, then a recovery of sorts is now underway.

The iPhone maker Tuesday floated a record $17 billion in debt, an action that literally had investors falling over themselves.

Consider that Apple up until now was literally the only major technology corporation with zero debt on its books. By the end of yesterday, $50 billion in orders were received for what now looks to be Apple's latest hot product: the iDebt...