ValuEngine upgraded shares of Apple (NASDAQ:AAPL) from a hold rating to a buy rating in a report released on Sunday, December 31st.
A number of other research firms also recently commented on AAPL. Barclays reaffirmed a hold rating and issued a $146.00 target price on shares of Apple in a research report on Monday, September 4th. Royal Bank of Canada reaffirmed an outperform rating and issued a $180.00 target price on shares of Apple in a research report on Monday, September 11th. Morgan Stanley reaffirmed an overweight rating and issued a $194.00 target price (up from $182.00) on shares of Apple in a research report on Tuesday, September 12th. Mizuho set a $160.00 target price on shares of Apple and gave the company a hold rating in a research report on Wednesday, October 18th. Finally, Vetr downgraded shares of Apple from a buy rating to a hold rating and set a $178.34 target price on the stock. in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $198.70.
Apple (NASDAQ:AAPL) opened at $174.29 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. The company has a market cap of $894,860.00, a price-to-earnings ratio of 18.97, a P/E/G ratio of 1.43 and a beta of 1.23. Apple has a 52-week low of $118.21 and a 52-week high of $177.20.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. The firm had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm posted $1.50 EPS. research analysts predict that Apple will post 11.18 earnings per share for the current fiscal year.
In related news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the completion of the sale, the insider now owns 13,739 shares in the company, valued at $2,401,302.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Johny Srouji sold 10,368 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $174.68, for a total transaction of $1,811,082.24. Following the completion of the sale, the insider now owns 81,560 shares of the company’s stock, valued at approximately $14,246,900.80. The disclosure for this sale can be found here. Insiders sold a total of 128,412 shares of company stock valued at $22,115,155 in the last 90 days. Company insiders own 0.06% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Blue Sky Asset Management LLC purchased a new stake in shares of Apple during the second quarter worth about $108,000. Hefty Wealth Partners grew its holdings in shares of Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after buying an additional 174 shares in the last quarter. FNY Managed Accounts LLC grew its holdings in shares of Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after buying an additional 716 shares in the last quarter. Private Vista LLC purchased a new stake in shares of Apple during the second quarter worth about $122,000. Finally, Armbruster Capital Management Inc. grew its holdings in shares of Apple by 9.4% during the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after buying an additional 78 shares in the last quarter. Institutional investors own 60.17% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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