Apple (NASDAQ:AAPL) Given a $200.00 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a $200.00 price target on Apple (NASDAQ:AAPLGet Rating) in a research report sent to investors on Monday, Borsen Zeitung reports.

Other research analysts have also issued reports about the company. Itau BBA Securities started coverage on Apple in a research report on Tuesday, July 26th. They set an underperform rating and a $136.00 price target on the stock. Wedbush dropped their price target on Apple from $220.00 to $200.00 and set an outperform rating on the stock in a research report on Friday, October 28th. Needham & Company LLC reissued a buy rating and set a $170.00 price target on shares of Apple in a research report on Tuesday, November 8th. Morgan Stanley dropped their price target on Apple from $177.00 to $175.00 and set an overweight rating on the stock in a research report on Tuesday, November 8th. Finally, Bank of America dropped their price target on Apple from $160.00 to $154.00 and set a neutral rating on the stock in a research report on Monday, November 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Apple presently has a consensus rating of Moderate Buy and an average target price of $176.26.

Apple Stock Up 0.6 %

Shares of Apple stock opened at $151.07 on Monday. The stock’s fifty day moving average is $146.62 and its 200-day moving average is $149.67. The firm has a market capitalization of $2.40 trillion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95. Apple has a 12-month low of $129.04 and a 12-month high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last announced its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.02. The company had revenue of $90.15 billion for the quarter, compared to analyst estimates of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. Apple’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 earnings per share. Equities analysts anticipate that Apple will post 6.26 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. Apple’s dividend payout ratio is presently 15.06%.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total value of $3,004,144.00. Following the completion of the transaction, the insider now owns 31,505 shares of the company’s stock, valued at approximately $4,685,423.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Deirdre O’brien sold 176,299 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $142.16, for a total value of $25,062,665.84. Following the completion of the transaction, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at approximately $19,374,986.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Chris Kondo sold 20,200 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total value of $3,004,144.00. Following the completion of the transaction, the insider now directly owns 31,505 shares of the company’s stock, valued at $4,685,423.60. The disclosure for this sale can be found here. Insiders sold a total of 380,851 shares of company stock valued at $56,707,789 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Apple

Hedge funds have recently modified their holdings of the stock. Aaron Wealth Advisors LLC grew its position in Apple by 30,391.8% during the 1st quarter. Aaron Wealth Advisors LLC now owns 26,075,085 shares of the iPhone maker’s stock worth $149,333,000 after acquiring an additional 25,989,570 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in Apple during the 3rd quarter worth approximately $1,890,884,000. Barclays PLC grew its position in Apple by 53.0% during the 3rd quarter. Barclays PLC now owns 30,235,823 shares of the iPhone maker’s stock worth $4,178,590,000 after acquiring an additional 10,471,342 shares during the last quarter. Legal & General Group Plc grew its position in Apple by 8.2% during the 2nd quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock worth $16,889,649,000 after acquiring an additional 9,411,018 shares during the last quarter. Finally, Capital Research Global Investors grew its position in Apple by 31.7% during the 1st quarter. Capital Research Global Investors now owns 38,903,911 shares of the iPhone maker’s stock worth $6,793,041,000 after acquiring an additional 9,354,484 shares during the last quarter. 57.72% of the stock is owned by institutional investors and hedge funds.

About Apple

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, 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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Analyst Recommendations for Apple (NASDAQ:AAPL)

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