Apple (NASDAQ:AAPL) Price Target Raised to $295.00

Apple (NASDAQ:AAPL – Free Report) had its price target raised by DA Davidson from $270.00 to $295.00 in a report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a neutral rating on the iPhone maker’s stock.

Several other brokerages also recently weighed in on AAPL. Moffett Nathanson set a $283.00 price target on Apple and gave the stock a “neutral” rating in a report on Tuesday, October 20th. Evercore restated an “outperform” rating on shares of Apple in a report on Tuesday, October 27th. Phillip Securities boosted their price objective on Apple from $290.00 to $300.00 and gave the company a “neutral” rating in a report on Monday, September 14th. Citigroup reaffirmed a “buy” rating on shares of Apple in a research report on Thursday, September 10th. Finally, UBS Group reiterated a “neutral” rating and issued a $340.00 target price (up from $296.00) on shares of Apple in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $343.74.

Check Out Our Latest Stock Analysis on Apple

Apple Stock Performance

Apple stock opened at $344.17 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.93. Apple has a 1-year low of $243.42 and a 1-year high of $355.38. The firm has a market capitalization of $5.00 trillion, a P/E ratio of 39.67, a price-to-earnings-growth ratio of 3.30 and a beta of 1.07. The company’s 50-day moving average is $335.46 and its 200 day moving average is $298.03.

Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.11. Apple had a net margin of 27.60% and a return on equity of 125.35%. The business had revenue of $114.48 billion during the quarter, compared to the consensus estimate of $113.40 billion. During the same quarter last year, the firm earned $1.85 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. Research analysts forecast that Apple will post 9.64 EPS for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 12th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple’s dividend payout ratio (DPR) is 12.39%.

Insider Activity

In other news, SVP Deirdre O’brien sold 46,389 shares of Apple stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the completion of the sale, the senior vice president owned 136,810 shares of the company’s stock, valued at approximately $45,615,190.20. The trade was a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,392 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $345.05, for a total value of $480,309.60. Following the completion of the sale, the chief financial officer owned 17,539 shares of the company’s stock, valued at $6,051,831.95. The trade was a 7.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 291,651 shares of company stock valued at $97,082,537. Insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Apple

Several hedge funds have recently made changes to their positions in AAPL. Berkshire Hathaway Inc purchased a new stake in shares of Apple during the second quarter valued at about $65,950,297,000. Bank of America Corp DE bought a new stake in shares of Apple in the 2nd quarter valued at about $36,986,090,000. Legal & General Group Plc purchased a new position in shares of Apple in the 2nd quarter worth approximately $30,443,242,000. Deutsche Bank AG bought a new position in shares of Apple during the 2nd quarter worth approximately $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Apple during the 2nd quarter worth approximately $10,588,946,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple News Roundup

Here are the key news stories impacting Apple this week:

  • Positive Sentiment: Apple beat fiscal fourth-quarter earnings and revenue expectations, with revenue of $114.5 billion and solid iPhone and Mac demand. The results support the view that product demand remains healthy. Apple shares fell despite a double beat in Q4
  • Positive Sentiment: Bernstein raised its price target to $380 and kept a Buy rating, citing potential upside from Apple’s business prospects. Bernstein rating and price target
  • Neutral Sentiment: Apple is reportedly seeking up to $7 billion through a bond offering. The borrowing adds financing flexibility, but the reports did not specify how proceeds would be used. Apple seeks about $7 billion from bond sale
  • Negative Sentiment: Management flagged memory-chip costs that could keep rising, along with supply constraints ahead of the December quarter. These pressures may weigh on margins even as demand remains strong. Supply constraints and rising memory costs
  • Negative Sentiment: Investors are also scrutinizing earnings quality: tariff refunds boosted reported profit metrics, making the underlying results less straightforward to assess. Investors revisit Apple earnings quality
  • Negative Sentiment: Analyst caution and valuation concerns add to the headwinds. DZ Bank cut Apple to Sell, while coverage also points to slower Services growth and a premium share valuation. DZ Bank downgrades Apple

About Apple

(Get Free Report)

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.

See Also

Analyst Recommendations for Apple (NASDAQ:AAPL)

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