Robert W. Baird restated their buy rating on shares of Apple Inc. (NASDAQ:AAPL) in a research note released on Wednesday.

AAPL has been the subject of a number of other research reports. Citigroup Inc. reaffirmed a buy rating and issued a $115.00 price objective on shares of Apple in a research note on Wednesday, July 6th. Piper Jaffray Cos. reaffirmed an overweight rating and issued a $153.00 price objective on shares of Apple in a research note on Tuesday, July 26th. Cowen and Company reaffirmed an outperform rating and issued a $125.00 price objective on shares of Apple in a research note on Thursday, July 28th. Sanford C. Bernstein reaffirmed a buy rating and issued a $135.00 price objective on shares of Apple in a research note on Tuesday, June 14th. Finally, Goldman Sachs Group Inc. reaffirmed a buy rating and issued a $124.00 price objective on shares of Apple in a research note on Tuesday, July 26th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, forty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Apple currently has an average rating of Buy and a consensus price target of $126.49.

Shares of Apple (NASDAQ:AAPL) opened at 113.58 on Wednesday. The company’s 50-day moving average is $108.13 and its 200-day moving average is $102.24. Apple has a 12 month low of $89.47 and a 12 month high of $123.82. The stock has a market capitalization of $612.02 billion, a PE ratio of 13.24 and a beta of 1.14.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.04. The firm earned $42.36 billion during the quarter, compared to analysts’ expectations of $42.35 billion. Apple had a net margin of 21.70% and a return on equity of 37.89%. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period last year, the firm posted $1.85 earnings per share. Equities research analysts expect that Apple will post $8.26 earnings per share for the current fiscal year.

In related news, CEO Timothy D. Cook sold 49,883 shares of the stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $106.19, for a total transaction of $5,297,075.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Daniel J. Riccio sold 49,996 shares of the stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $105.95, for a total value of $5,297,076.20. Following the sale, the senior vice president now directly owns 67,143 shares in the company, valued at $7,113,800.85. The disclosure for this sale can be found here. 0.08% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in AAPL. Cordasco Financial Network boosted its stake in Apple by 0.4% in the second quarter. Cordasco Financial Network now owns 3,353 shares of the iPhone maker’s stock valued at $321,000 after buying an additional 12 shares during the period. Cidel Asset Management Inc. boosted its stake in Apple by 0.3% in the second quarter. Cidel Asset Management Inc. now owns 4,186 shares of the iPhone maker’s stock valued at $400,000 after buying an additional 13 shares during the period. Boston Standard Wealth Management LLC boosted its stake in Apple by 0.6% in the second quarter. Boston Standard Wealth Management LLC now owns 2,280 shares of the iPhone maker’s stock valued at $218,000 after buying an additional 14 shares during the period. Lbmc Investment Advisors LLC boosted its stake in Apple by 0.3% in the second quarter. Lbmc Investment Advisors LLC now owns 5,110 shares of the iPhone maker’s stock valued at $489,000 after buying an additional 15 shares during the period. Finally, Summit Financial Strategies Inc. boosted its stake in Apple by 0.3% in the second quarter. Summit Financial Strategies Inc. now owns 6,533 shares of the iPhone maker’s stock valued at $625,000 after buying an additional 19 shares during the period. 56.52% of the stock is currently owned by institutional investors.

Apple Company Profile

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.

5 Day Chart for NASDAQ:AAPL

Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.