Apple (NASDAQ:AAPL) had its target price increased by Barclays from $207.00 to $224.00 in a report issued on Thursday, BenzingaRatingsTable reports. Barclays currently has an equal weight rating on the iPhone maker’s stock.
A number of other equities research analysts also recently commented on AAPL. New Street Research set a $155.00 price objective on Apple and gave the company a sell rating in a research report on Tuesday, September 10th. BidaskClub upgraded Apple from a buy rating to a strong-buy rating in a research report on Friday, September 27th. Nomura increased their price objective on Apple from $185.00 to $205.00 and gave the company a neutral rating in a research report on Monday, October 7th. Canaccord Genuity reiterated a buy rating and set a $260.00 price objective (up previously from $240.00) on shares of Apple in a research report on Wednesday, October 9th. Finally, Needham & Company LLC increased their price objective on Apple from $225.00 to $250.00 and gave the company a strong-buy rating in a research report on Wednesday, September 11th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. Apple presently has an average rating of Buy and an average price target of $223.65.
NASDAQ AAPL traded up $0.85 on Thursday, reaching $236.13. 15,614,210 shares of the stock traded hands, compared to its average volume of 29,228,544. The firm’s fifty day simple moving average is $220.36 and its 200 day simple moving average is $204.04. The company has a quick ratio of 1.47, a current ratio of 1.50 and a debt-to-equity ratio of 0.88. The company has a market cap of $1,067.11 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 2.07 and a beta of 1.24. Apple has a 12 month low of $142.00 and a 12 month high of $238.13.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, July 30th. The iPhone maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.08. Apple had a return on equity of 52.13% and a net margin of 21.50%. The company had revenue of $53.81 billion during the quarter, compared to the consensus estimate of $53.39 billion. During the same quarter in the prior year, the firm earned $2.34 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts forecast that Apple will post 11.68 EPS for the current fiscal year.
In other news, SVP Deirdre O’brien sold 12,459 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $234.04, for a total value of $2,915,904.36. Following the transaction, the senior vice president now directly owns 57,819 shares of the company’s stock, valued at $13,531,958.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 265,160 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $206.17, for a total transaction of $54,668,037.20. The disclosure for this sale can be found here. Insiders sold 450,140 shares of company stock worth $95,606,404 over the last ninety days. 0.05% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of AAPL. Nuveen Asset Management LLC increased its stake in shares of Apple by 2,874.9% in the second quarter. Nuveen Asset Management LLC now owns 35,914,893 shares of the iPhone maker’s stock worth $7,108,275,000 after acquiring an additional 34,707,634 shares during the last quarter. Thoroughbred Financial Services LLC increased its stake in shares of Apple by 19,949.3% in the second quarter. Thoroughbred Financial Services LLC now owns 10,055,128 shares of the iPhone maker’s stock worth $1,005,513,000 after acquiring an additional 10,004,976 shares during the last quarter. Great West Life Assurance Co. Can acquired a new position in Apple during the second quarter worth $809,074,000. Renaissance Technologies LLC acquired a new position in Apple during the second quarter worth $459,677,000. Finally, Morgan Stanley increased its position in Apple by 5.8% during the second quarter. Morgan Stanley now owns 36,261,306 shares of the iPhone maker’s stock worth $7,176,836,000 after buying an additional 1,996,126 shares during the last quarter. 58.65% of the stock is currently owned by institutional investors and hedge funds.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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