Stifel Nicolaus reaffirmed their buy rating on shares of Apple Inc. (NASDAQ:AAPL) in a report published on Friday morning. The firm currently has a $120.00 price objective on the iPhone maker’s stock.

Several other equities analysts have also commented on AAPL. Piper Jaffray Cos. reaffirmed a buy rating and issued a $153.00 price objective on shares of Apple in a research report on Sunday, May 22nd. Nomura reaffirmed a buy rating and issued a $120.00 price objective on shares of Apple in a research report on Monday, May 23rd. Brean Capital reaffirmed a buy rating on shares of Apple in a research report on Tuesday, May 24th. Pacific Crest raised shares of Apple to a buy rating in a research report on Tuesday, May 24th. Finally, BMO Capital Markets reaffirmed a buy rating and issued a $117.00 price objective on shares of Apple in a research report on Tuesday, May 24th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, forty-two have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $126.34.

Apple (NASDAQ:AAPL) opened at 113.55 on Friday. Apple has a 52-week low of $89.47 and a 52-week high of $123.82. The company has a market capitalization of $611.86 billion, a price-to-earnings ratio of 13.24 and a beta of 1.14. The firm has a 50 day moving average of $108.61 and a 200-day moving average of $102.39.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, July 26th. The iPhone maker reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.04. The firm earned $42.36 billion during the quarter, compared to analyst estimates of $42.35 billion. Apple had a net margin of 21.70% and a return on equity of 37.89%. Apple’s revenue was down 14.6% on a year-over-year basis. During the same period last year, the firm posted $1.85 EPS. Equities analysts expect that Apple will post $8.26 EPS for the current year.

In other news, CEO Timothy D. Cook sold 334,000 shares of Apple stock in a transaction on Friday, August 26th. The stock was sold at an average price of $107.23, for a total transaction of $35,814,820.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Angela J. Ahrendts sold 25,000 shares of Apple stock in a transaction on Monday, July 18th. The shares were sold at an average price of $100.00, for a total value of $2,500,000.00. Following the transaction, the senior vice president now owns 105,839 shares in the company, valued at approximately $10,583,900. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Penserra Capital Management LLC increased its position in shares of Apple by 39.2% in the second quarter. Penserra Capital Management LLC now owns 1,080 shares of the iPhone maker’s stock worth $103,000 after buying an additional 304 shares during the period. Delphi Private Advisors LLC increased its position in shares of Apple by 5.0% in the second quarter. Delphi Private Advisors LLC now owns 1,462 shares of the iPhone maker’s stock worth $140,000 after buying an additional 69 shares during the period. Hussman Strategic Advisors Inc. purchased a new position in shares of Apple during the second quarter worth approximately $143,000. River & Mercantile Asset Management LLP increased its position in shares of Apple by 22.8% in the second quarter. River & Mercantile Asset Management LLP now owns 1,800 shares of the iPhone maker’s stock worth $172,000 after buying an additional 334 shares during the period. Finally, Roble Belko & Company Inc increased its position in shares of Apple by 60.6% in the second quarter. Roble Belko & Company Inc now owns 1,803 shares of the iPhone maker’s stock worth $172,000 after buying an additional 680 shares during the period. Institutional investors and hedge funds own 56.45% of the company’s stock.

About Apple

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

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