Apple Inc. (NASDAQ:AAPL)‘s stock had its “overweight” rating reissued by analysts at J P Morgan Chase & Co in a research note issued to investors on Thursday, June 1st. They presently have a $165.00 price target on the iPhone maker’s stock. J P Morgan Chase & Co’s price target points to a potential upside of 12.56% from the company’s current price.
Other analysts also recently issued reports about the stock. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $159.00 target price (up from $152.00) on shares of Apple in a report on Monday, April 3rd. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $150.00 target price on shares of Apple in a report on Wednesday, April 12th. Rosenblatt Securities reiterated a “neutral” rating and issued a $120.00 target price on shares of Apple in a report on Monday, April 17th.
FBN Securities boosted their target price on shares of Apple from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $170.00 target price (up from $160.00) on shares of Apple in a report on Wednesday, May 17th. Nine equities research analysts have rated the stock with a hold rating, forty have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $160.63.
Apple (NASDAQ:AAPL) opened at 146.59 on Thursday. Apple has a one year low of $91.50 and a one year high of $156.65. The firm has a market capitalization of $764.30 billion, a PE ratio of 17.20 and a beta of 1.28. The stock’s 50 day moving average price is $151.23 and its 200 day moving average price is $134.80.
Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.08. Apple had a net margin of 20.74% and a return on equity of 35.09%. The business had revenue of $52.90 billion for the quarter, compared to the consensus estimate of $52.61 billion. Analysts expect that Apple will post $8.94 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 18th. Stockholders of record on Monday, May 15th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.72%. This is a positive change from Apple’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Thursday, May 11th. Apple’s dividend payout ratio is presently 29.47%.
In related news, insider Luca Maestri sold 6,308 shares of the stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $141.83, for a total value of $894,663.64. Following the completion of the sale, the insider now directly owns 2,665 shares of the company’s stock, valued at approximately $377,976.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Apple (NASDAQ:AAPL) opened at 146.59 on Thursday. Apple has a one year low of $91.50 and a one year high of $156.65. The firm has a market capitalization of $764.30 billion, a PE ratio of 17.20 and a beta of 1.28. The stock’s 50 day moving average price is $151.23 and its 200 day moving average price is $134.80.
Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.08. Apple had a net margin of 20.74% and a return on equity of 35.09%. The business had revenue of $52.90 billion for the quarter, compared to the consensus estimate of $52.61 billion. Analysts expect that Apple will post $8.94 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 18th. Stockholders of record on Monday, May 15th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.72%. This is a positive change from Apple’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Thursday, May 11th. Apple’s dividend payout ratio is presently 29.47%.
In related news, insider Luca Maestri sold 6,308 shares of the stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $141.83, for a total value of $894,663.64. Following the completion of the sale, the insider now directly owns 2,665 shares of the company’s stock, valued at approximately $377,976.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Also, insider Angela J. Ahrendts sold 75,000 shares of the stock in a transaction 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 sale, the insider now directly 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 have sold 447,411 shares of company stock worth $67,200,745 over the last ninety days. 0.08% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Bailard Inc. raised its stake in Apple by 23.2% in the third quarter. Bailard Inc. now owns 181,502 shares of the iPhone maker’s stock worth $20,519,000 after buying an additional 34,162 shares during the last quarter. Stanford Investment Group Inc. raised its stake in Apple by 25.9% in the fourth quarter. Stanford Investment Group Inc. now owns 98,014 shares of the iPhone maker’s stock worth $11,352,000 after buying an additional 20,176 shares during the last quarter.
A number of large investors have recently added to or reduced their stakes in the stock. Bailard Inc. raised its stake in Apple by 23.2% in the third quarter. Bailard Inc. now owns 181,502 shares of the iPhone maker’s stock worth $20,519,000 after buying an additional 34,162 shares during the last quarter. Stanford Investment Group Inc. raised its stake in Apple by 25.9% in the fourth quarter. Stanford Investment Group Inc. now owns 98,014 shares of the iPhone maker’s stock worth $11,352,000 after buying an additional 20,176 shares during the last quarter.
Fairview Capital Investment Management LLC raised its stake in Apple by 2.7% in the fourth quarter. Fairview Capital Investment Management LLC now owns 13,481 shares of the iPhone maker’s stock worth $1,561,000 after buying an additional 350 shares during the last quarter. Norges Bank bought a new stake in Apple during the fourth quarter worth approximately $5,625,709,000. Finally, IFM Investors Pty Ltd bought a new stake in Apple during the fourth quarter worth approximately $7,910,000. 62.06% of the stock is owned by institutional investors and hedge funds.
By: Renee Jackson (The Cerbat Gem).
Photo: Learning and Finance.
Review: Emerging Market Formulations & Research Unit, Flagship Records.
By: Renee Jackson (The Cerbat Gem).
Photo: Learning and Finance.
Review: Emerging Market Formulations & Research Unit, Flagship Records.