Apple Inc. (NASDAQ:AAPL – Free Report) – Research analysts at Erste Group Bank reduced their FY2027 earnings estimates for Apple in a report issued on Wednesday, August 5th. Erste Group Bank analyst H. Engel now expects that the iPhone maker will post earnings of $9.54 per share for the year, down from their previous forecast of $9.57. The consensus estimate for Apple’s current full-year earnings is $8.76 per share.
AAPL has been the topic of a number of other reports. JPMorgan Chase & Co. reduced their price objective on shares of Apple from $345.00 to $340.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. BNP Paribas Exane raised Apple from a “neutral” rating to an “outperform” rating and set a $300.00 target price on the stock in a research note on Friday, April 17th. Weiss Ratings raised Apple from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. Monness Crespi & Hardt upped their price objective on Apple from $315.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Wedbush reissued an “outperform” rating and set a $400.00 target price on shares of Apple in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $328.60.
Apple Price Performance
AAPL stock opened at $308.26 on Tuesday. Apple has a 12 month low of $223.78 and a 12 month high of $344.57. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $309.49 and a 200 day moving average price of $283.86. The stock has a market cap of $4.50 trillion, a PE ratio of 35.35, a P/E/G ratio of 2.68 and a beta of 1.09.
Apple (NASDAQ:AAPL – Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.57 earnings per share.
Apple Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, August 10th. Apple’s dividend payout ratio is 12.39%.
Insider Buying and Selling
In other news, insider Ben Borders sold 116 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the sale, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.06% of the company’s stock.
Institutional Investors Weigh In On Apple
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Trillium Asset Management LLC purchased a new position in shares of Apple in the second quarter worth $151,000,000. Burr Financial Services LLC purchased a new position in Apple in the 2nd quarter worth $2,025,000. Altman Advisors Inc. acquired a new stake in Apple during the 2nd quarter worth about $10,051,000. Clay Northam Wealth Management LLC acquired a new stake in Apple during the 2nd quarter worth about $14,825,000. Finally, Glaxis Capital Management LLC purchased a new stake in Apple during the 2nd quarter valued at about $492,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.
Apple News Summary
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple is testing memory chips from China’s CXMT for iPhones and MacBooks sold in China, potentially giving it an additional supply source during a global DRAM shortage and helping mitigate component costs. However, U.S. export restrictions and CXMT’s capacity and technology limitations could constrain the opportunity. Apple tests China’s CXMT memory chips for iPhones and MacBooks
- Positive Sentiment: Crake Asset Management reportedly increased its Apple position by approximately 890,000 shares, signaling continued institutional confidence, although the transaction is not expected to materially change Apple’s fundamentals. Crake Asset Management boosts Apple stake
- Neutral Sentiment: Apple’s next quarterly dividend of $0.27 per share is scheduled for August 13, providing a modest near-term shareholder return but little effect on the stock’s broader outlook. Apple to pay dividends this week
- Negative Sentiment: Jefferies downgraded AAPL to Underperform from Hold and reduced its price target to $263.66 from $285.56. The firm cited supply-chain checks suggesting Apple may have abandoned a planned premium all-glass iPhone, weakening a potential catalyst for substantially higher average selling prices. Apple downgraded by Jefferies over canceled all-glass iPhone
- Negative Sentiment: Investors are concerned that iPhone 18 production costs could rise by roughly 38% because of soaring memory prices. Apple may need to raise prices—risking demand—or absorb the costs through lower margins. Reports also suggest Apple’s negotiating leverage over memory suppliers has diminished. iPhone 18 costs could jump 38 percent
- Negative Sentiment: The combination of a potentially canceled breakthrough iPhone design, higher component expenses, and uncertainty over incoming CEO John Ternus’s product strategy has led analysts to question Apple’s near-term growth and pricing power. These concerns are particularly important because Apple’s valuation leaves limited room for execution disappointments. Apple downgraded at Jefferies over iPhone yields and growth concerns
Apple Company Profile
Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.
Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.
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