Oppenheimer Holdings Inc. restated their market perform rating on shares of Apple Inc. (NASDAQ:AAPL) in a research report report published on Monday, May 1st.
Several other equities analysts have also commented on the stock. Cowen and Company reaffirmed an outperform rating and set a $160.00 price target (up previously from $155.00) on shares of Apple in a research report on Monday, May 1st. Wells Fargo & Co reaffirmed a market perform rating and set a $140.00 price target on shares of Apple in a research report on Friday, April 28th. Piper Jaffray Companies reaffirmed an overweight rating and set a $155.00 price target on shares of Apple in a research report on Wednesday, April 26th.
Needham & Company LLC reaffirmed a buy rating and set a $165.00 price target on shares of Apple in a research report on Tuesday, April 25th. Finally, Zacks Investment Research downgraded shares of Apple from a buy rating to a hold rating in a research note on Monday, April 24th. Nine equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $156.31.
Apple (NASDAQ:AAPL) opened at 153.99 on Monday. The company has a market capitalization of $802.88 billion, a PE ratio of 18.07 and a beta of 1.26. The company has a 50-day moving average price of $146.94 and a 200-day moving average price of $130.08. Apple has a one year low of $91.50 and a one year high of $156.65.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 EPS for the quarter, topping the consensus estimate of $2.02 by $0.08. Apple had a net margin of 20.73% and a return on equity of 34.94%. The firm had revenue of $52.90 billion during the quarter, compared to analyst estimates of $52.61 billion. Analysts expect that Apple will post $8.94 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Investors of record on Monday, May 15th were given a $0.63 dividend. The ex-dividend date was Thursday, May 11th. This is a positive change from Apple’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a dividend yield of 1.64%. Apple’s payout ratio is currently 27.31%.
In related news, Director Arthur D. Levinson sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $153.88, for a total value of $5,385,800.00. Following the completion of the transaction, the director now directly owns 1,168,283 shares in the company, valued at approximately $179,775,388.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Apple (NASDAQ:AAPL) opened at 153.99 on Monday. The company has a market capitalization of $802.88 billion, a PE ratio of 18.07 and a beta of 1.26. The company has a 50-day moving average price of $146.94 and a 200-day moving average price of $130.08. Apple has a one year low of $91.50 and a one year high of $156.65.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 EPS for the quarter, topping the consensus estimate of $2.02 by $0.08. Apple had a net margin of 20.73% and a return on equity of 34.94%. The firm had revenue of $52.90 billion during the quarter, compared to analyst estimates of $52.61 billion. Analysts expect that Apple will post $8.94 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Investors of record on Monday, May 15th were given a $0.63 dividend. The ex-dividend date was Thursday, May 11th. This is a positive change from Apple’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a dividend yield of 1.64%. Apple’s payout ratio is currently 27.31%.
In related news, Director Arthur D. Levinson sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $153.88, for a total value of $5,385,800.00. Following the completion of the transaction, the director now directly owns 1,168,283 shares in the company, valued at approximately $179,775,388.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Also, insider Angela J. Ahrendts sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $147.98, for a total value of $11,098,500.00. Following the completion of the transaction, the insider now owns 154,116 shares of the company’s stock, valued at $22,806,085.68. The disclosure for this sale can be found here. Insiders sold a total of 314,393 shares of company stock valued at $46,506,842 over the last quarter. 0.08% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in Apple during the fourth quarter worth $5,625,709,000. Asset Management One Co. Ltd. increased its position in Apple by 966.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 9,457,769 shares of the iPhone maker’s stock worth $1,096,072,000 after buying an additional 8,571,027 shares during the period. Vanguard Group Inc. increased its position in Apple by 1.8% in the first quarter.
Institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in Apple during the fourth quarter worth $5,625,709,000. Asset Management One Co. Ltd. increased its position in Apple by 966.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 9,457,769 shares of the iPhone maker’s stock worth $1,096,072,000 after buying an additional 8,571,027 shares during the period. Vanguard Group Inc. increased its position in Apple by 1.8% in the first quarter.
Vanguard Group Inc. now owns 343,783,273 shares of the iPhone maker’s stock worth $49,387,905,000 after buying an additional 6,237,609 shares during the period. FMR LLC increased its position in Apple by 3.7% in the first quarter. FMR LLC now owns 163,812,996 shares of the iPhone maker’s stock worth $23,533,376,000 after buying an additional 5,830,423 shares during the period. Finally, Wellington Management Group LLP increased its position in Apple by 14.1% in the first quarter. Wellington Management Group LLP now owns 40,313,026 shares of the iPhone maker’s stock worth $5,791,369,000 after buying an additional 4,991,639 shares during the period. Institutional investors and hedge funds own 58.76% of the company’s stock.
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.
By: Michael Walen (The Markets Daily).
Photo: International Business Times.
Review: Emerging Market Formulations & Research Unit, Flagship Records.
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.
By: Michael Walen (The Markets Daily).
Photo: International Business Times.
Review: Emerging Market Formulations & Research Unit, Flagship Records.