Rosenblatt Securities reiterated their buy rating on shares of Apple (NASDAQ:AAPL) in a research report report published on Friday, March 16th. Rosenblatt Securities currently has a $180.00 price target on the iPhone maker’s stock.
Several other equities research analysts also recently issued reports on the company. Barclays lowered their price target on Apple from $170.00 to $168.00 and set an equal weight rating on the stock in a research report on Friday, March 16th. Royal Bank of Canada reaffirmed a buy rating and issued a $205.00 price target on shares of Apple in a research report on Friday, March 9th. Vetr downgraded Apple from a buy rating to a hold rating and set a $183.68 price target on the stock. in a research report on Tuesday, March 6th. ValuEngine raised Apple from a hold rating to a buy rating in a research report on Thursday, March 1st. Finally, BidaskClub raised Apple from a sell rating to a hold rating in a research report on Saturday, February 17th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $202.52.
NASDAQ AAPL traded down $4.42 during trading on Friday, hitting $168.38. 35,005,290 shares of the company traded hands, compared to its average volume of 32,409,626. Apple has a 12 month low of $140.06 and a 12 month high of $183.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20. The firm has a market cap of $854,362.38, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 1.28 and a beta of 1.25.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.82 by $0.07. The company had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $3.36 earnings per share. equities analysts expect that Apple will post 11.37 EPS for the current year.
In related news, SVP Daniel J. Riccio sold 17,375 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $169.12, for a total value of $2,938,460.00. Following the completion of the transaction, the senior vice president now owns 66,191 shares in the company, valued at approximately $11,194,221.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip W. Schiller sold 69,491 shares of the business’s stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $166.42, for a total transaction of $11,564,692.22. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.
Several institutional investors have recently modified their holdings of AAPL. Janus Henderson Group PLC boosted its stake in Apple by 301.3% in the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after purchasing an additional 15,018,790 shares during the period. Amundi Pioneer Asset Management Inc. boosted its stake in Apple by 50.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 13,228,306 shares of the iPhone maker’s stock worth $2,238,624,000 after purchasing an additional 4,448,509 shares during the period. Truepoint Inc. boosted its stake in Apple by 15,559.4% in the 3rd quarter. Truepoint Inc. now owns 4,436,774 shares of the iPhone maker’s stock worth $4,437,000 after purchasing an additional 4,408,441 shares during the period. Capital Research Global Investors lifted its position in Apple by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after buying an additional 3,845,363 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in Apple by 9,166.4% during the 3rd quarter. Stifel Financial Corp now owns 3,883,754 shares of the iPhone maker’s stock worth $598,497,000 after buying an additional 3,841,842 shares in the last quarter. Institutional investors own 61.35% 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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