Apple Inc. (NASDAQ:AAPL) had its target price upped by BTIG Research from $124.00 to $133.00 in a research note published on Thursday morning. The brokerage currently has a buy rating on the iPhone maker’s stock.

Analyst Recommendations for Apple (NASDAQ:AAPL)

AAPL has been the subject of a number of other research reports. Robert W. Baird restated a buy rating on shares of Apple in a research note on Thursday, June 2nd. Piper Jaffray Cos. reiterated a buy rating and set a $153.00 price objective on shares of Apple in a research note on Wednesday, June 8th. Nomura reiterated a buy rating and set a $120.00 price objective on shares of Apple in a research note on Monday, May 23rd. RBC Capital Markets reiterated an outperform rating and set a $115.00 price objective on shares of Apple in a research note on Friday, August 5th. Finally, Vetr lowered Apple from a hold rating to a sell rating and set a $103.98 price objective for the company. in a research note on Monday, August 8th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, forty-two have given a buy rating and two have given a strong buy rating to the stock. Apple currently has an average rating of Buy and a consensus target price of $126.34.

Apple (NASDAQ:AAPL) opened at 113.57 on Thursday. Apple has a 1-year low of $89.47 and a 1-year high of $123.82. The company has a market cap of $611.97 billion, a price-to-earnings ratio of 13.24 and a beta of 1.14. The stock has a 50 day moving average price of $108.35 and a 200-day moving average price of $102.31.

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

In other news, SVP Angela J. Ahrendts sold 35,797 shares of the company’s stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $100.00, for a total value of $3,579,700.00. Following the completion of the sale, the senior vice president now directly owns 105,839 shares of the company’s stock, valued at $10,583,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Angela J. Ahrendts sold 25,000 shares of the company’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $100.00, for a total transaction of $2,500,000.00. Following the completion of the sale, the senior vice president now directly owns 105,839 shares of the company’s stock, valued at $10,583,900. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Penserra Capital Management LLC boosted its stake 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 last quarter. Delphi Private Advisors LLC boosted its stake 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 last quarter. Hussman Strategic Advisors Inc. acquired a new stake in shares of Apple during the second quarter worth approximately $143,000. River & Mercantile Asset Management LLP boosted its stake 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 last quarter. Finally, Roble Belko & Company Inc boosted its stake 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 last quarter. 56.45% of the stock is owned by institutional investors and hedge funds.

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

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