Nomura Analysts Give Apple Inc. (AAPL) a $185.00 Price Target
Other research analysts have also recently issued research reports about the stock. BMO Capital Markets restated an outperform rating and set a $170.00 target price on shares of Apple in a research note on Tuesday, July 25th. Barclays PLC reiterated a hold rating and issued a $146.00 price target on shares of Apple in a research note on Tuesday, August 15th. Vetr upgraded shares of Apple from a hold rating to a buy rating and set a $166.96 price target on the stock in a research note on Thursday, August 17th. J P Morgan Chase & Co set a $165.00 price target on shares of Apple and gave the stock a buy rating in a research note on Wednesday, July 19th. Finally, Citigroup Inc. set a $170.00 price target on shares of Apple and gave the stock a buy rating in a research note on Wednesday, August 2nd. Seven investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of $199.14.
Apple (AAPL) traded up $0.45 on Friday, hitting $172.95. 4,869,563 shares of the company were exchanged, compared to its average volume of 26,450,000. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. Apple has a 52 week low of $104.08 and a 52 week high of $174.26. The stock has a market cap of $890,740.00, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.40 and a beta of 1.25.
Apple (NASDAQ:AAPL) last released its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The company had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. During the same quarter in the previous year, the company earned $1.50 EPS. Apple’s revenue for the quarter was up 12.2% on a year-over-year basis. equities research analysts anticipate that Apple will post 11.11 EPS for the current year.
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The business 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. The ex-dividend date of this dividend is Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.46%. Apple’s dividend payout ratio (DPR) is presently 27.42%.
In other news, CEO Timothy D. Cook sold 268,623 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 411,389 shares of company stock worth $65,364,467. Corporate insiders own 0.08% of the company’s stock.
Several large investors have recently bought and sold shares of AAPL. Saratoga Research & Investment Management grew its stake in Apple by 0.6% in the 1st quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock valued at $95,840,000 after acquiring an additional 4,137 shares during the last quarter. Pinnacle Bank acquired a new stake in Apple in the 1st quarter valued at about $1,924,000. Green Square Capital LLC grew its stake in Apple by 6.7% in the 1st quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock valued at $12,564,000 after acquiring an additional 5,491 shares during the last quarter. Headinvest LLC grew its stake in Apple by 2.5% in the 2nd quarter. Headinvest LLC now owns 16,295 shares of the iPhone maker’s stock valued at $2,347,000 after acquiring an additional 390 shares during the last quarter. Finally, Lederer & Associates Investment Counsel CA grew its stake in Apple by 2.1% in the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock valued at $5,377,000 after acquiring an additional 779 shares during the last quarter. 60.30% of the stock is currently owned by institutional investors and hedge funds.
Apple Company Profile
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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