Shares of Apple Inc. (NASDAQ:AAPL) have been given an average recommendation of “Hold” by the fifty-one ratings firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, twenty-three have assigned a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $219.55.
Several brokerages recently weighed in on AAPL. BidaskClub downgraded Apple from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 12th. Morgan Stanley reiterated a “buy” rating and issued a $247.00 price objective on shares of Apple in a research report on Wednesday, September 26th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $272.00 price objective on shares of Apple in a research report on Wednesday, October 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $240.00 price objective on shares of Apple in a research report on Tuesday, September 11th. Finally, Wells Fargo & Co set a $210.00 price objective on Apple and gave the stock a “neutral” rating in a research report on Wednesday, September 5th.
NASDAQ:AAPL traded down $6.23 during mid-day trading on Monday, hitting $168.49. 41,672,567 shares of the company’s stock traded hands, compared to its average volume of 39,002,712. Apple has a 12 month low of $150.24 and a 12 month high of $233.47. The company has a market cap of $858.77 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 1.26 and a beta of 1.20. The company has a quick ratio of 1.09, a current ratio of 1.12 and a debt-to-equity ratio of 0.87.
Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share for the quarter, beating 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 firm had revenue of $62.90 billion during the quarter, compared to the consensus estimate of $61.55 billion. During the same quarter in the prior year, the company earned $2.07 EPS. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. Analysts anticipate that Apple will post 13.32 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Monday, November 12th were issued a dividend of $0.73 per share. The ex-dividend date was Thursday, November 8th. This represents a $2.92 dividend on an annualized basis and a yield of 1.73%. Apple’s dividend payout ratio is 24.52%.
In related news, insider Luca Maestri sold 100,245 shares of the firm’s stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $228.56, for a total transaction of $22,911,997.20. Following the completion of the sale, the insider now directly owns 91,665 shares of the company’s stock, valued at approximately $20,950,952.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Angela J. Ahrendts sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $232.66, for a total value of $5,816,500.00. Following the sale, the senior vice president now directly owns 105,538 shares of the company’s stock, valued at $24,554,471.08. The disclosure for this sale can be found here. Insiders have sold a total of 204,845 shares of company stock valued at $47,015,677 over the last ninety days. Insiders own 0.08% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in AAPL. Delphi Private Advisors LLC acquired a new stake in shares of Apple in the 2nd quarter valued at $120,000. Quattro Financial Advisors LLC acquired a new stake in shares of Apple in the 1st quarter valued at $133,000. CX Institutional acquired a new stake in shares of Apple in the 2nd quarter valued at $135,000. Selective Wealth Management acquired a new stake in shares of Apple in the 3rd quarter valued at $194,000. Finally, Gainplan LLC acquired a new stake in shares of Apple in the 1st quarter valued at $200,000. 57.14% of the stock is owned by hedge funds and other 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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