Shares of Apple Inc. (NASDAQ:AAPL – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the thirty-six research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $237.27.
A number of equities analysts have issued reports on the company. KeyCorp reaffirmed a “hold” rating and issued a $247.61 target price on shares of Apple in a report on Wednesday, August 28th. Barclays reaffirmed an “underweight” rating and issued a $186.00 price objective on shares of Apple in a research note on Tuesday, October 1st. Jefferies Financial Group downgraded shares of Apple from a “buy” rating to a “hold” rating and lifted their target price for the stock from $205.00 to $212.92 in a research report on Monday, October 7th. Melius Research reissued a “buy” rating and set a $265.00 target price on shares of Apple in a report on Tuesday, August 27th. Finally, Raymond James raised their price target on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 26th.
Get Our Latest Stock Report on Apple
Insider Transactions at Apple
Hedge Funds Weigh In On Apple
Several hedge funds have recently modified their holdings of AAPL. Fidelis Capital Partners LLC grew its stake in Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after purchasing an additional 31,278 shares during the period. Bull Oak Capital LLC increased its holdings in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in Apple in the second quarter worth about $42,000. Christopher J. Hasenberg Inc boosted its stake in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares during the last quarter. Finally, Access Investment Management LLC bought a new position in shares of Apple during the 1st quarter valued at approximately $140,000. Institutional investors own 60.41% of the company’s stock.
Apple Trading Down 0.1 %
Shares of Apple stock opened at $230.57 on Tuesday. The firm’s 50 day moving average is $226.64 and its 200 day moving average is $209.48. The firm has a market capitalization of $3.54 trillion, a PE ratio of 35.86, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. Apple has a 1 year low of $164.07 and a 1 year high of $237.49. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.
Apple (NASDAQ:AAPL – Get Free Report) last posted its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The firm had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. Equities research analysts forecast that Apple will post 6.65 earnings per share for the current fiscal year.
Apple Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio is currently 15.55%.
Apple Company Profile
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
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