UBS set a $190.00 price target on Apple (NASDAQ:AAPL) in a research report released on Monday morning. The firm currently has a buy rating on the iPhone maker’s stock.
AAPL has been the subject of a number of other research reports. Vetr raised shares of Apple from a buy rating to a strong-buy rating and set a $173.06 price target for the company in a research report on Friday, September 22nd. Rosenblatt Securities reissued a hold rating and set a $150.00 price target on shares of Apple in a research report on Sunday, October 15th. Citigroup reissued a buy rating and set a $200.00 price target (up previously from $170.00) on shares of Apple in a research report on Friday, November 3rd. They noted that the move was a valuation call. Bank of America reissued a buy rating and set a $180.00 price target on shares of Apple in a research report on Tuesday, September 26th. Finally, Pacific Crest raised shares of Apple from a sector weight rating to an overweight rating and set a $187.00 price target for the company in a research report on Monday, October 16th. Seven equities research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $200.27.
Apple (NASDAQ:AAPL) traded up $1.04 on Monday, hitting $170.84. 15,870,096 shares of the stock were exchanged, compared to its average volume of 27,264,549. The stock has a market capitalization of $879,730.00, a price-to-earnings ratio of 18.59, a P/E/G ratio of 1.37 and a beta of 1.24. Apple has a 12 month low of $108.25 and a 12 month high of $176.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. The company had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.50 earnings per share. analysts forecast that Apple will post 11.18 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, November 10th. Apple’s dividend payout ratio (DPR) is 27.42%.
In other news, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philip W. Schiller sold 56,808 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total transaction of $8,788,197.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 217,326 shares of company stock valued at $35,290,561. Corporate insiders own 0.08% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Stone House Investment Management LLC raised its position in Apple by 0.4% in the second quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after acquiring an additional 6 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its position in Apple by 0.3% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after acquiring an additional 17 shares in the last quarter. Lenox Wealth Advisors Inc. raised its position in Apple by 0.4% in the second quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock worth $716,000 after acquiring an additional 20 shares in the last quarter. Karp Capital Management Corp raised its position in Apple by 1.6% in the second quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock worth $206,000 after acquiring an additional 22 shares in the last quarter. Finally, Welch Investments LLC raised its position in Apple by 1.5% in the second quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock worth $231,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 59.56% of the company’s stock.
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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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