Shares of Apple Inc. (NASDAQ:AAPL – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the thirty-five research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $172.25.
A number of brokerages recently commented on AAPL. DA Davidson decreased their price target on Apple to $167.00 in a research report on Thursday, December 1st. UBS Group set a $180.00 price target on Apple in a research report on Thursday, December 1st. Citigroup reiterated a “buy” rating and issued a $175.00 target price on shares of Apple in a research report on Tuesday, November 8th. Oppenheimer decreased their target price on Apple from $190.00 to $170.00 and set an “outperform” rating on the stock in a research report on Monday, December 12th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Apple from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, October 28th.
Insider Buying and Selling at Apple
In other Apple news, SVP Deirdre O’brien sold 8,053 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $142.45, for a total value of $1,147,149.85. Following the transaction, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Apple news, SVP Deirdre O’brien sold 8,053 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $142.45, for a total value of $1,147,149.85. Following the transaction, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the transaction, the chief financial officer now directly owns 110,673 shares in the company, valued at $17,259,454.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 204,552 shares of company stock valued at $31,645,123. 0.06% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Apple
Apple Stock Up 0.4 %
AAPL opened at $130.73 on Wednesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88. Apple has a fifty-two week low of $124.17 and a fifty-two week high of $179.61. The company has a market capitalization of $2.08 trillion, a P/E ratio of 21.40, a P/E/G ratio of 1.68 and a beta of 1.24. The stock has a fifty day moving average of $139.75 and a 200-day moving average of $148.44.
Apple (NASDAQ:AAPL – Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. Apple had a return on equity of 160.90% and a net margin of 25.31%. The company had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. During the same quarter last year, the business earned $1.24 earnings per share. Apple’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts expect that Apple will post 6.19 EPS for the current year.
Apple Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio (DPR) is presently 15.06%.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
- Get a free copy of the StockNews.com research report on Apple (AAPL)
- Is Salesforce’s New Rally The Beginning Of A Big Uptrend?
- Can Lockheed Martin Corporation Hit Another All-Time High in Q1?
- Marathon Digital Holdings, Inc: Slow And Steady Wins The Race
- The WD-40 Company Is Ready To Rebound, But Will It?
- Skechers Not Nike Is The Sneaker Stock to Own for 2023
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.