Apple Inc. (AAPL) Given a $195.00 Price Target at Sanford C. Bernstein
Other equities analysts have also recently issued research reports about the company. Oppenheimer Holdings, Inc. reiterated a rating on shares of Apple in a report on Thursday, August 10th. J P Morgan Chase & Co set a $165.00 target price on Apple and gave the stock a buy rating in a report on Wednesday, July 19th. Vetr cut Apple from a strong-buy rating to a buy rating and set a $165.66 target price for the company. in a report on Tuesday, July 18th. Canaccord Genuity reiterated a buy rating and issued a $180.00 target price on shares of Apple in a report on Monday, July 10th. Finally, Credit Suisse Group reiterated a buy rating and issued a $170.00 target price on shares of Apple in a report on Sunday, July 9th. Seven analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $198.38.
Apple (AAPL) traded up $4.39 during trading hours on Friday, reaching $172.50. The company’s stock had a trading volume of 58,683,826 shares, compared to its average volume of 25,147,278. The company has a current ratio of 1.39, a quick ratio of 1.35 and a debt-to-equity ratio of 0.68. Apple has a 1-year low of $104.08 and a 1-year high of $174.26. The company has a market cap of $891,001.81, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23.
Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.20. The firm had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a return on equity of 36.36% and a net margin of 21.09%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 EPS. equities research analysts expect that Apple will post 11.11 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Friday, November 10th. Apple’s dividend payout ratio (DPR) is 27.39%.
In other news, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Craig Federighi sold 63,163 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $158.07, for a total value of $9,984,175.41. Following the completion of the sale, the insider now directly owns 359,988 shares in the company, valued at approximately $56,903,303.16. The disclosure for this sale can be found here. Insiders have sold a total of 541,177 shares of company stock worth $85,864,804 in the last three months. Corporate insiders own 0.08% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Stone House Investment Management LLC lifted its stake in Apple by 0.4% in the 2nd quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock valued at $226,000 after buying an additional 6 shares in the last quarter. FC Advisory LLC lifted its stake in Apple by 0.4% in the 2nd quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock valued at $371,000 after buying an additional 10 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its stake in Apple by 0.3% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock valued at $782,000 after buying an additional 17 shares in the last quarter. Lenox Wealth Advisors Inc. lifted its stake in Apple by 0.4% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock valued at $716,000 after buying an additional 20 shares in the last quarter. Finally, BerganKDV Wealth Management LLC lifted its stake in Apple by 0.4% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 5,614 shares of the iPhone maker’s stock valued at $809,000 after buying an additional 20 shares in the last quarter. 60.33% of the stock is currently owned by hedge funds and other institutional investors.
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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