Several other research firms have also weighed in on AAPL. Vetr lowered shares of Apple from a buy rating to a hold rating and set a $178.34 price target for the company. in a research report on Friday, December 1st. UBS Group set a $190.00 price target on shares of Apple and gave the company a buy rating in a research report on Friday, January 5th. Morgan Stanley restated a buy rating and set a $205.00 price target (up previously from $200.00) on shares of Apple in a research report on Tuesday, January 23rd. Sanford C. Bernstein lowered shares of Apple from an outperform rating to a market perform rating and reduced their price target for the company from $195.00 to $170.00 in a research report on Friday, February 2nd. Finally, HSBC set a $204.00 price target on shares of Apple and gave the company a buy rating in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $201.57.
Apple (NASDAQ AAPL) opened at $179.98 on Friday. The firm has a market cap of $913,220.88, a PE ratio of 18.50, a P/E/G ratio of 1.36 and a beta of 1.19. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. Apple has a 1 year low of $138.62 and a 1 year high of $180.62.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 25.90%.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction that occurred on Friday, January 5th. The shares were 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 of the company’s stock, valued at $2,401,302.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.
Several institutional investors have recently modified their holdings of AAPL. Markel Corp boosted its holdings in Apple by 14.4% in the second quarter. Markel Corp now owns 103,100 shares of the iPhone maker’s stock valued at $14,848,000 after acquiring an additional 13,000 shares in the last quarter. Parsec Financial Management Inc. boosted its holdings in Apple by 0.3% in the second quarter. Parsec Financial Management Inc. now owns 283,170 shares of the iPhone maker’s stock valued at $40,782,000 after acquiring an additional 915 shares in the last quarter. Hartford Financial Management Inc. boosted its holdings in Apple by 12.5% in the second quarter. Hartford Financial Management Inc. now owns 11,308 shares of the iPhone maker’s stock valued at $1,628,000 after acquiring an additional 1,255 shares in the last quarter. Garde Capital Inc. boosted its holdings in Apple by 28.6% in the second quarter. Garde Capital Inc. now owns 23,087 shares of the iPhone maker’s stock valued at $3,325,000 after acquiring an additional 5,135 shares in the last quarter. Finally, Foster & Motley Inc. boosted its holdings in Apple by 15.8% in the second quarter. Foster & Motley Inc. now owns 84,349 shares of the iPhone maker’s stock valued at $12,148,000 after acquiring an additional 11,529 shares in the last quarter. Hedge funds and other institutional investors own 61.41% 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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