Apple Inc. (AAPL) Cut to Hold at Vetr Inc.
A number of other equities analysts have also issued reports on the company. Wells Fargo & Company restated a market perform rating and issued a $195.00 target price on shares of Apple in a research note on Tuesday, November 14th. UBS AG set a $190.00 price objective on Apple and gave the company a buy rating in a research note on Tuesday, November 14th. Argus lifted their price objective on Apple from $185.00 to $210.00 and gave the company a buy rating in a research note on Monday, November 6th. KeyCorp reiterated a buy rating and set a $192.00 price objective on shares of Apple in a research note on Friday, November 3rd. Finally, Deutsche Bank AG reiterated a hold rating and set a $152.00 price objective on shares of Apple in a research note on Friday, November 3rd. Seven analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. Apple presently has a consensus rating of Buy and an average target price of $200.28.
Apple (NASDAQ AAPL) opened at $174.97 on Thursday. The stock has a market capitalization of $898,350.56, a price-to-earnings ratio of 19.02, a P/E/G ratio of 1.40 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. Apple has a 52 week low of $108.25 and a 52 week high of $176.24.
Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS. analysts forecast that Apple will post 11.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were paid a $0.63 dividend. The ex-dividend date was Friday, November 10th. This represents a $2.52 annualized dividend and a dividend yield of 1.44%. Apple’s dividend payout ratio (DPR) is 27.39%.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total value of $2,695,726.35. Following the completion of the transaction, the insider now owns 39,682 shares in the company, valued at $6,839,192.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 268,623 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 410,352 shares of company stock valued at $65,356,512. Insiders own 0.08% of the company’s stock.
Large investors have recently bought and sold shares of the business. Berkshire Hathaway Inc. boosted its stake in Apple by 0.6% in the second quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after acquiring an additional 834,854 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Apple by 15.0% in the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after buying an additional 3,845,363 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Apple by 1.1% in the third quarter. Legal & General Group Plc now owns 26,393,202 shares of the iPhone maker’s stock valued at $4,067,559,000 after buying an additional 287,027 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Apple by 9.3% in the third quarter. Janus Henderson Group PLC now owns 21,854,159 shares of the iPhone maker’s stock valued at $3,367,571,000 after buying an additional 1,850,572 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Apple by 0.4% in the third quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock valued at $2,966,581,000 after buying an additional 79,100 shares during the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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