Apple Inc. (NASDAQ:AAPL) Given a $160.00 Price Target by Mizuho Analysts

Apple Inc. (NASDAQ:AAPL) received a $160.00 price target from analysts at Mizuho in a report issued on Wednesday, October 18th. The brokerage presently has a “hold” rating on the iPhone maker’s stock. Mizuho’s price target would indicate a potential downside of 1.87% from the company’s current price.

Other equities analysts have also issued reports about the stock. UBS AG restated a “buy” rating and set a $170.00 price target on shares of Apple in a research report on Monday, July 31st. Wells Fargo & Company restated a “market perform” rating and set a $140.00 price target on shares of Apple in a research report on Saturday, July 22nd. KeyCorp restated an “equal weight” rating on shares of Apple in a research report on Friday, August 4th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $170.00 price target on shares of Apple in a research report on Wednesday, June 21st. Finally, Morgan Stanley boosted their target price on shares of Apple from $177.00 to $182.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Seven investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $193.05.

Apple (NASDAQ:AAPL) traded up 3.58% on Wednesday, reaching $163.05. The company had a trading volume of 44,454,160 shares. The firm has a market capitalization of $842.19 billion, a price-to-earnings ratio of 18.51 and a beta of 1.27. Apple has a one year low of $104.08 and a one year high of $164.94. The company’s 50 day moving average is $156.64 and its 200-day moving average is $152.61.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. During the same quarter in the previous year, the company earned $1.42 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts expect that Apple will post $9.00 earnings per share for the current fiscal year.

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In other Apple news, SVP D Bruce Sewell sold 31,625 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $158.13, for a total transaction of $5,000,861.25. Following the completion of the transaction, the senior vice president now directly owns 112,430 shares in the company, valued at $17,778,555.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arthur D. Levinson sold 35,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $157.58, for a total value of $5,515,300.00. Following the transaction, the director now owns 1,168,283 shares of the company’s stock, valued at $184,098,035.14. The disclosure for this sale can be found here. Insiders have sold 541,177 shares of company stock valued at $85,864,804 over the last quarter. Corporate insiders own 0.08% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Stone House Investment Management LLC grew its holdings in shares of Apple by 0.4% during the second quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after purchasing an additional 6 shares during the last quarter. FC Advisory LLC grew its holdings in shares of Apple by 0.4% during the second quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock worth $371,000 after purchasing an additional 10 shares during the last quarter. Jackson Grant Investment Advisers Inc. grew its holdings in shares of Apple by 0.3% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after purchasing an additional 17 shares during the last quarter. Stonehearth Capital Management LLC grew its holdings in shares of Apple by 0.8% during the first quarter. Stonehearth Capital Management LLC now owns 2,378 shares of the iPhone maker’s stock worth $342,000 after purchasing an additional 20 shares during the last quarter. Finally, Lenox Wealth Advisors Inc. grew its holdings in shares of Apple by 0.4% during the second quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock worth $716,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 60.32% of the company’s stock.

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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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