Headlines about Apple (NASDAQ:AAPL) have trended neutral on Saturday, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Apple earned a media sentiment score of 0.05 on their scale. InfoTrie also assigned media coverage about the iPhone maker an news buzz score of 5 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Apple’s score:
AAPL stock traded down $4.02 during mid-day trading on Friday, reaching $204.47. The company’s stock had a trading volume of 34,317,659 shares, compared to its average volume of 41,482,956. The company has a market cap of $1,031.93 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.51 and a beta of 1.26. The company has a current ratio of 1.12, a quick ratio of 1.09 and a debt-to-equity ratio of 0.87. Apple has a fifty-two week low of $150.24 and a fifty-two week high of $233.47.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, November 1st. The iPhone maker reported $2.91 EPS for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.13. The company had revenue of $62.90 billion during the quarter, compared to the consensus estimate of $61.55 billion. Apple had a net margin of 22.41% and a return on equity of 48.68%. Apple’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.07 EPS. As a group, equities analysts forecast that Apple will post 13.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Monday, November 12th will be issued a $0.73 dividend. The ex-dividend date is Thursday, November 8th. This represents a $2.92 dividend on an annualized basis and a yield of 1.43%. Apple’s payout ratio is 24.52%.
Several equities research analysts have recently issued reports on AAPL shares. Citigroup lowered their target price on shares of Apple from $265.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Royal Bank of Canada set a $240.00 target price on shares of Apple and gave the stock a “buy” rating in a research note on Monday, September 24th. Wells Fargo & Co reissued a “neutral” rating and set a $210.00 target price on shares of Apple in a research note on Friday, August 10th. Morgan Stanley increased their target price on shares of Apple from $226.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. started coverage on shares of Apple in a research note on Thursday, September 27th. They set an “overweight” rating and a $272.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty-eight have given a buy rating to the company’s stock. Apple has an average rating of “Hold” and a consensus price target of $224.27.
In other Apple news, CEO Timothy D. Cook sold 265,160 shares of the stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $217.79, for a total value of $57,749,196.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Angela J. Ahrendts sold 25,000 shares of the stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $232.66, for a total transaction of $5,816,500.00. Following the completion of the sale, the senior vice president now owns 105,538 shares of the company’s stock, valued at approximately $24,554,471.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 480,737 shares of company stock valued at $107,157,170. 0.08% of the stock is owned by insiders.
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Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
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