UBS AG reissued their buy rating on shares of Apple Inc. (NASDAQ:AAPL) in a report released on Friday, www.flashratings.com reports. UBS AG currently has a $170.00 price objective on the iPhone maker’s stock.

A number of other research firms have also recently issued reports on AAPL. Vetr raised Apple from a hold rating to a buy rating and set a $150.17 price objective for the company in a research report on Monday, April 3rd. Instinet raised their price objective on Apple from $135.00 to $165.00 and gave the company a buy rating in a research report on Friday, March 24th. Nomura reaffirmed a buy rating and issued a $135.00 price objective on shares of Apple in a research report on Thursday, March 23rd. Needham & Company LLC cut Apple from a strong-buy rating to a buy rating and raised their price objective for the company from $150.00 to $165.00 in a research report on Friday, March 24th. Finally, Canaccord Genuity raised their price objective on Apple from $154.00 to $165.00 and gave the company a buy rating in a research report on Friday, March 31st. Eleven analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $160.64.

Apple (NASDAQ:AAPL) opened at 152.09 on Friday. The company has a 50 day moving average price of $147.28 and a 200-day moving average price of $141.20. Apple has a 52 week low of $96.42 and a 52 week high of $156.65. The company has a market capitalization of $792.97 billion, a P/E ratio of 17.84 and a beta of 1.31.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating the consensus estimate of $2.02 by $0.08. Apple had a return on equity of 35.09% and a net margin of 20.74%. The firm had revenue of $52.90 billion during the quarter, compared to analysts’ expectations of $52.61 billion. On average, equities analysts anticipate that Apple will post $8.91 earnings per share for the current fiscal year.

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Apple announced that its board has initiated a stock repurchase plan on Tuesday, May 2nd that authorizes the company to repurchase $50.00 billion in shares. This repurchase authorization authorizes the iPhone maker to repurchase up to 6.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

In other Apple news, SVP D Bruce Sewell sold 67,500 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $148.76, for a total value of $10,041,300.00. Following the completion of the sale, the senior vice president now directly owns 141,325 shares of the company’s stock, valued at approximately $21,023,507. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Angela J. Ahrendts sold 75,000 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $147.98, for a total transaction of $11,098,500.00. Following the completion of the sale, the insider now directly owns 154,116 shares of the company’s stock, valued at $22,806,085.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 373,000 shares of company stock valued at $56,497,046. 0.08% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. HM Capital Management LLC boosted its stake in shares of Apple by 3.1% in the second quarter. HM Capital Management LLC now owns 3,664 shares of the iPhone maker’s stock valued at $528,000 after buying an additional 109 shares during the last quarter. Greylin Investment Mangement Inc. boosted its stake in shares of Apple by 15.9% in the second quarter. Greylin Investment Mangement Inc. now owns 4,001 shares of the iPhone maker’s stock valued at $576,000 after buying an additional 550 shares during the last quarter. E&G Advisors LP boosted its stake in shares of Apple by 13.1% in the second quarter. E&G Advisors LP now owns 27,826 shares of the iPhone maker’s stock valued at $4,008,000 after buying an additional 3,214 shares during the last quarter. Berkshire Asset Management LLC PA boosted its stake in shares of Apple by 6.7% in the second quarter. Berkshire Asset Management LLC PA now owns 18,404 shares of the iPhone maker’s stock valued at $2,651,000 after buying an additional 1,157 shares during the last quarter. Finally, Mutual of Omaha Bank Wealth Management boosted its stake in shares of Apple by 1.3% in the second quarter. Mutual of Omaha Bank Wealth Management now owns 28,312 shares of the iPhone maker’s stock valued at $4,077,000 after buying an additional 357 shares during the last quarter. 61.23% of the stock is owned by institutional investors.

About Apple

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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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