A number of other research analysts have also recently commented on AAPL. UBS Group set a $190.00 price target on Apple and gave the company a buy rating in a research report on Tuesday, November 14th. Wells Fargo & Co reaffirmed a market perform rating and set a $195.00 price target on shares of Apple in a research report on Tuesday, November 14th. Vetr cut Apple from a buy rating to a hold rating and set a $176.88 price target on the stock. in a research report on Friday, November 17th. Nomura set a $185.00 price target on Apple and gave the company a buy rating in a research report on Monday, November 27th. Finally, Tigress Financial reaffirmed a strong-buy rating on shares of Apple in a research report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $201.57.
Apple (AAPL) opened at $179.98 on Wednesday. Apple has a 1 year low of $138.62 and a 1 year high of $180.62. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. The company has a market capitalization of $913,220.88, a price-to-earnings ratio of 18.50, a PEG ratio of 1.36 and a beta of 1.19.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a dividend of $0.63 per share. The ex-dividend date was Friday, February 9th. This represents a $2.52 annualized dividend and a yield of 1.40%. Apple’s payout ratio is 25.90%.
In related news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the transaction, the insider now directly owns 13,739 shares in the company, valued at approximately $2,401,302.42. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Blue Sky Asset Management LLC purchased a new position in shares of Apple in the 2nd quarter valued at approximately $108,000. University of Texas Investment Managment Co. purchased a new position in shares of Apple in the 4th quarter valued at approximately $114,000. FNY Managed Accounts LLC lifted its stake in shares of Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 716 shares during the period. Private Vista LLC purchased a new position in shares of Apple in the 2nd quarter valued at approximately $122,000. Finally, Armbruster Capital Management Inc. lifted its stake in shares of Apple by 9.4% in the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after purchasing an additional 78 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.
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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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