Apple (AAPL) PT Set at $190.00 by UBS

UBS set a $190.00 price target on Apple (NASDAQ:AAPL) in a report published on Tuesday morning, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the iPhone maker’s stock.

A number of other analysts also recently commented on AAPL. Rosenblatt Securities set a $180.00 price objective on Apple and gave the stock a buy rating in a report on Tuesday, December 26th. Wells Fargo restated a hold rating and set a $195.00 price objective on shares of Apple in a report on Wednesday, December 27th. ValuEngine upgraded Apple from a hold rating to a buy rating in a report on Sunday, December 31st. Piper Jaffray restated a buy rating and set a $200.00 price objective on shares of Apple in a report on Tuesday, January 2nd. Finally, Zacks Investment Research upgraded Apple from a hold rating to a buy rating and set a $190.00 price objective for the company in a report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $203.15.

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Shares of Apple stock opened at $162.94 on Tuesday. Apple has a fifty-two week low of $142.20 and a fifty-two week high of $183.50. The firm has a market cap of $838,429.94, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.26 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.82 by $0.07. Apple had a return on equity of 37.37% and a net margin of 21.13%. The company had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. During the same quarter in the prior year, the company posted $3.36 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. analysts expect that Apple will post 11.3 earnings per share for the current fiscal year.

In other news, SVP Daniel J. Riccio sold 17,375 shares of the stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $169.12, for a total transaction of $2,938,460.00. Following the transaction, the senior vice president now owns 66,191 shares of the company’s stock, valued at $11,194,221.92. The sale 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 firm’s stock in a transaction dated 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 have sold 125,988 shares of company stock worth $21,336,201 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Stone House Investment Management LLC raised 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 valued at $226,000 after buying an additional 6 shares during the last quarter. Jackson Grant Investment Advisers Inc. raised 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 valued at $782,000 after buying an additional 17 shares during the last quarter. Karp Capital Management Corp raised its holdings in shares of Apple by 1.6% during the second quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock valued at $206,000 after buying an additional 22 shares during the last quarter. Berkeley Capital Partners LLC raised its holdings in shares of Apple by 0.6% during the second quarter. Berkeley Capital Partners LLC now owns 4,369 shares of the iPhone maker’s stock valued at $629,000 after buying an additional 26 shares during the last quarter. Finally, Rainier Group Investment Advisory LLC raised its holdings in shares of Apple by 0.3% during the second quarter. Rainier Group Investment Advisory LLC now owns 14,934 shares of the iPhone maker’s stock valued at $2,151,000 after buying an additional 45 shares during the last quarter. 61.28% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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