Sanford C. Bernstein restated their neutral rating on shares of Apple (NASDAQ:AAPL) in a research note released on Thursday. The brokerage currently has a $200.00 target price on the iPhone maker’s stock.

Other research analysts have also issued reports about the stock. UBS Group started coverage on shares of Apple in a research report on Wednesday. Maxim Group upped their target price on shares of Apple to $221.00 and gave the stock an average rating in a research report on Thursday. Argus upped their target price on shares of Apple from $210.00 to $225.00 and gave the stock a buy rating in a research report on Friday, June 8th. BidaskClub upgraded shares of Apple from a hold rating to a buy rating in a research report on Tuesday, May 29th. Finally, Macquarie restated a buy rating and set a $197.00 target price on shares of Apple in a research report on Monday, June 11th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty have given a buy rating to the stock. Apple has an average rating of Buy and an average target price of $217.53.

NASDAQ AAPL opened at $223.84 on Thursday. The stock has a market cap of $1,086.59 billion, a P/E ratio of 20.04, a PEG ratio of 1.95 and a beta of 1.33. Apple has a 52-week low of $149.16 and a 52-week high of $229.67. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.31 and a quick ratio of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.16. The firm had revenue of $53.27 billion during the quarter, compared to analysts’ expectations of $52.43 billion. Apple had a net margin of 21.98% and a return on equity of 43.50%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 earnings per share. sell-side analysts predict that Apple will post 11.76 EPS for the current fiscal year.

In related news, COO Jeffrey E. Williams sold 15,652 shares of the firm’s stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $190.18, for a total transaction of $2,976,697.36. Following the sale, the chief operating officer now owns 125,258 shares in the company, valued at $23,821,566.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 265,160 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $217.79, for a total transaction of $57,749,196.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 378,400 shares of company stock worth $81,052,754. 0.08% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PICTET BANK & TRUST Ltd raised its stake in Apple by 0.5% during the second quarter. PICTET BANK & TRUST Ltd now owns 45,134 shares of the iPhone maker’s stock worth $8,355,000 after purchasing an additional 240 shares during the period. Somerset Group LLC raised its stake in Apple by 2.4% during the second quarter. Somerset Group LLC now owns 10,683 shares of the iPhone maker’s stock worth $1,978,000 after purchasing an additional 249 shares during the period. Wsfs Capital Management LLC raised its stake in Apple by 2.0% during the second quarter. Wsfs Capital Management LLC now owns 13,051 shares of the iPhone maker’s stock worth $2,416,000 after purchasing an additional 260 shares during the period. Investment Partners LTD. raised its stake in Apple by 4.9% during the second quarter. Investment Partners LTD. now owns 5,594 shares of the iPhone maker’s stock worth $1,036,000 after purchasing an additional 263 shares during the period. Finally, Keating Investment Counselors Inc. raised its stake in Apple by 8.2% during the second quarter. Keating Investment Counselors Inc. now owns 3,511 shares of the iPhone maker’s stock worth $650,000 after purchasing an additional 266 shares during the period. Hedge funds and other institutional investors own 58.62% of the company’s stock.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

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