Apple Inc. (NASDAQ:AAPL) has been assigned a $155.00 price objective by analysts at FBN Securities in a note issued to investors on Monday. The brokerage currently has an “outperform” rating on the iPhone maker’s stock. FBN Securities’ target price would indicate a potential upside of 7.80% from the stock’s current price.
A number of other equities research analysts have also issued reports on AAPL. Robert W. Baird reaffirmed an “outperform” rating and issued a $133.00 price target on shares of Apple in a research report on Tuesday, January 24th. Drexel Hamilton reissued a “buy” rating and set a $185.00 target price on shares of Apple in a research report on Thursday, December 8th. Vetr raised Apple from a “buy” rating to a “strong-buy” rating and set a $133.51 target price on the stock in a research report on Tuesday, January 10th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Apple in a research report on Tuesday, January 24th. Finally, Stifel Nicolaus reissued a “reduce” rating and set a $115.00 target price on shares of Apple in a research report on Monday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $147.62.
Apple (NASDAQ:AAPL) traded up 0.08% on Monday, reaching $143.79. 14,246,347 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $141.97 and a 200-day moving average price of $125.47. Apple has a 52 week low of $89.47 and a 52 week high of $145.46. The stock has a market capitalization of $754.40 billion, a price-to-earnings ratio of 17.26 and a beta of 1.26.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, January 31st. The iPhone maker reported $3.36 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 34.94% and a net margin of 20.73%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.28 EPS. On average, analysts predict that Apple will post $8.96 earnings per share for the current year.
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In other Apple news, CEO Timothy D. Cook sold 30,000 shares of the stock in a transaction on Friday, January 27th. The stock was sold at an average price of $121.37, for a total transaction of $3,641,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Luca Maestri sold 6,308 shares of the stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $141.83, for a total value of $894,663.64. Following the transaction, the insider now directly owns 2,665 shares of the company’s stock, valued at $377,976.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 412,952 shares of company stock valued at $54,584,791. 0.08% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of AAPL. Armbruster Capital Management Inc. raised its stake in Apple by 35.1% in the third quarter. Armbruster Capital Management Inc. now owns 1,024 shares of the iPhone maker’s stock valued at $116,000 after buying an additional 266 shares in the last quarter. Weaver C. Barksdale & Associates Inc. bought a new stake in Apple during the third quarter valued at $122,000. Glacier Peak Capital LLC bought 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 in the last quarter. Finally, Welch Investments LLC bought a new stake in Apple during the fourth quarter valued at $146,000. 58.76% of the stock is owned by hedge funds and other institutional investors.
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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