Apple (NASDAQ:AAPL)‘s stock had its “buy” rating reaffirmed by research analysts at Rosenblatt Securities in a note issued to investors on Friday.
Several other brokerages have also issued reports on AAPL. Mizuho set a $160.00 target price on Apple and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Vetr lowered Apple from a “buy” rating to a “hold” rating and set a $178.34 target price for the company. in a research report on Friday, December 1st. UBS Group set a $190.00 target price on Apple and gave the stock a “buy” rating in a research report on Friday, January 5th. Needham & Company LLC raised their target price on Apple from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Instinet lowered Apple from a “buy” rating to a “neutral” rating and set a $175.00 target price for the company. in a research report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $200.59.
Shares of Apple (NASDAQ AAPL) traded down $1.04 on Friday, hitting $178.22. The stock had a trading volume of 12,032,269 shares, compared to its average volume of 25,510,000. Apple has a one year low of $119.37 and a one year high of $180.10. The company has a market cap of $913,500.00, a PE ratio of 19.39, a price-to-earnings-growth ratio of 1.46 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73.
Apple (NASDAQ:AAPL) last announced its quarterly 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 company had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. Apple’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 EPS. research analysts anticipate that Apple will post 11.18 earnings per share for the current fiscal year.
In other news, insider Johny Srouji sold 10,368 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $174.68, for a total value of $1,811,082.24. Following the completion of the sale, the insider now directly owns 81,560 shares in the company, valued at approximately $14,246,900.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total value of $2,695,726.35. Following the completion of the sale, the insider now owns 39,682 shares of the company’s stock, valued at $6,839,192.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,412 shares of company stock valued at $22,115,155. 0.08% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Blue Sky Asset Management LLC acquired a new position in Apple during the 2nd quarter valued at about $108,000. FNY Managed Accounts LLC boosted its stake in shares of Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after buying an additional 716 shares during the last quarter. Private Vista LLC purchased a new position in shares of Apple in the 2nd quarter worth approximately $122,000. Armbruster Capital Management Inc. boosted its stake in shares of Apple by 9.4% in the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after buying an additional 78 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in shares of Apple in the 2nd quarter worth approximately $149,000. Institutional investors own 60.19% 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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