Apple Inc. (NASDAQ:AAPL) has earned a consensus recommendation of “Hold” from the forty-nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, twenty-four have issued a hold recommendation and twenty-two have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $194.35.

Several analysts have recently weighed in on AAPL shares. Wedbush upgraded Apple to an “outperform” rating and decreased their target price for the stock from $310.00 to $275.00 in a research report on Wednesday, November 28th. They noted that the move was a valuation call. Morgan Stanley lifted their target price on Apple from $226.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, November 8th. JPMorgan Chase & Co. set a $272.00 target price on Apple and gave the stock a “buy” rating in a research report on Monday, October 29th. UBS Group decreased their target price on Apple from to and set a “buy” rating for the company in a research report on Monday, November 12th. Finally, Citigroup decreased their target price on Apple from $240.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, December 10th.

Shares of NASDAQ:AAPL traded down $1.62 on Tuesday, hitting $154.68. 40,735,377 shares of the company’s stock were exchanged, compared to its average volume of 34,668,232. Apple has a 12 month low of $142.00 and a 12 month high of $233.47. The company has a market cap of $775.41 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 1.52 and a beta of 1.23. The company has a current ratio of 1.12, a quick ratio of 1.09 and a debt-to-equity ratio of 0.87.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. Apple had a return on equity of 48.68% and a net margin of 22.41%. The business had revenue of $62.90 billion during the quarter, compared to the consensus estimate of $61.55 billion. During the same period last year, the company earned $2.07 earnings per share. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. As a group, equities research analysts predict that Apple will post 11.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Monday, February 11th will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.89%. Apple’s dividend payout ratio (DPR) is 24.52%.

In other Apple news, insider Chris Kondo sold 3,408 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $190.00, for a total value of $647,520.00. Following the completion of the transaction, the insider now directly owns 8,940 shares of the company’s stock, valued at $1,698,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.05% of the company’s stock.

Large investors have recently made changes to their positions in the business. Contravisory Investment Management Inc. raised its stake in shares of Apple by 30.6% during the 4th quarter. Contravisory Investment Management Inc. now owns 614 shares of the iPhone maker’s stock worth $97,000 after buying an additional 144 shares during the period. Delphi Private Advisors LLC acquired a new position in shares of Apple during the 2nd quarter worth approximately $120,000. CKW Financial Group raised its stake in shares of Apple by 15.0% during the 4th quarter. CKW Financial Group now owns 807 shares of the iPhone maker’s stock worth $127,000 after buying an additional 105 shares during the period. CX Institutional acquired a new position in shares of Apple during the 2nd quarter worth approximately $135,000. Finally, Quantamental Technologies LLC acquired a new position in shares of Apple during the 4th quarter worth approximately $181,000. 57.02% of the stock is owned by institutional investors.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Analyst Recommendations for Apple (NASDAQ:AAPL)

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