Apple Inc. (NASDAQ:AAPL) had its price target raised by Stifel Nicolaus from $130.00 to $150.00 in a report issued on Thursday morning. The brokerage currently has a hold rating on the iPhone maker’s stock.
Several other research firms have also recently commented on AAPL. Rosenblatt Securities restated a neutral rating and set a $120.00 price target on shares of Apple in a report on Wednesday, March 29th. Drexel Hamilton restated a buy rating and set a $185.00 price target on shares of Apple in a report on Thursday, March 30th. Canaccord Genuity raised their price target on shares of Apple from $154.00 to $165.00 and gave the stock a buy rating in a report on Friday, March 31st. Vetr cut shares of Apple from a buy rating to a hold rating and set a $147.61 price target for the company. in a report on Tuesday, March 28th. Finally, UBS Group AG raised their price target on shares of Apple from $165.00 to $200.00 in a report on Sunday, April 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $147.25.
Shares of Apple (NASDAQ:AAPL) traded down 0.3077% during mid-day trading on Thursday, hitting $142.0018. 1,212,829 shares of the company’s stock traded hands. The stock has a market cap of $745.02 billion, a P/E ratio of 17.0470 and a beta of 1.26. The stock has a 50 day moving average price of $141.36 and a 200-day moving average price of $124.37. Apple has a 1-year low of $89.47 and a 1-year high of $145.46.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, January 31st. The iPhone maker reported $3.36 EPS for the quarter, topping the consensus estimate of $3.22 by $0.14. The business earned $78.35 billion during the quarter, compared to analysts’ expectations of $77.37 billion. Apple had a net margin of 20.73% and a return on equity of 34.94%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $3.28 earnings per share. Equities research analysts anticipate that Apple will post $8.95 EPS for the current fiscal year.
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In related news, SVP D Bruce Sewell sold 75,000 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $128.43, for a total value of $9,632,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 30,000 shares of the firm’s stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $121.37, for a total value of $3,641,100.00. The disclosure for this sale can be found here. Insiders sold 436,644 shares of company stock worth $57,294,327 over the last ninety days. 0.08% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Glacier Peak Capital LLC acquired a new stake in Apple during the fourth quarter valued at $127,000. D. Scott Neal Inc. raised its stake in Apple by 701.3% in the third quarter. D. Scott Neal Inc. now owns 1,202 shares of the iPhone maker’s stock valued at $136,000 after buying an additional 1,052 shares during the period. Welch Investments LLC acquired a new stake in Apple during the fourth quarter valued at $146,000. Odey Holdings AG raised its stake in Apple by 27.3% in the fourth quarter. Odey Holdings AG now owns 1,273 shares of the iPhone maker’s stock valued at $147,000 after buying an additional 273 shares during the period. Finally, Isthmus Partners LLC raised its stake in Apple by 80.5% in the third quarter. Isthmus Partners LLC now owns 1,343 shares of the iPhone maker’s stock valued at $158,000 after buying an additional 599 shares during the period. 58.76% of the stock is currently owned by institutional investors and hedge funds.
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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