Apple Inc. (NASDAQ:AAPL) had its price target increased by equities research analysts at Deutsche Bank AG from $125.00 to $130.00 in a report issued on Thursday, May 4th. The firm presently has a “hold” rating on the iPhone maker’s stock. Deutsche Bank AG’s target price indicates a potential downside of 15.07% from the company’s current price.
Other equities research analysts have also recently issued reports about the company. Oppenheimer Holdings Inc. reiterated a “” rating on shares of Apple in a report on Wednesday, February 22nd. UBS Group AG upped their target price on Apple from $165.00 to $200.00 in a report on Sunday, April 2nd. Drexel Hamilton reiterated a “buy” rating and issued a $185.00 target price on shares of Apple in a report on Tuesday, January 10th. Vetr cut Apple from a “strong-buy” rating to a “buy” rating and set a $133.22 price objective for the company. in a research note on Monday, January 9th. Finally, Brean Capital restated a “buy” rating on shares of Apple in a research note on Friday, January 6th. Nine analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $156.06.
Shares of Apple (NASDAQ:AAPL) traded up 0.34% during trading on Thursday, hitting $153.06. 26,960,788 shares of the stock were exchanged. Apple has a 52 week low of $91.50 and a 52 week high of $156.65. The firm has a 50 day moving average price of $146.64 and a 200 day moving average price of $129.49. The firm has a market capitalization of $798.03 billion, a P/E ratio of 17.96 and a beta of 1.26.
Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.08. Apple had a return on equity of 34.94% and a net margin of 20.73%. The business had revenue of $52.90 billion during the quarter, compared to analysts’ expectations of $52.61 billion. Analysts forecast that Apple will post $8.94 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 18th. Investors of record on Monday, May 15th were given a $0.63 dividend. This is a positive change from Apple’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, May 11th. Apple’s dividend payout ratio (DPR) is 27.31%.
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In related news, insider Luca Maestri sold 6,308 shares of the stock in a transaction on Thursday, April 20th. The stock was 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 approximately $377,976.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Johny Srouji sold 13,207 shares of the stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $136.37, for a total value of $1,801,038.59. Following the completion of the transaction, the insider now directly owns 98,012 shares in the company, valued at $13,365,896.44. The disclosure for this sale can be found here. Insiders sold a total of 314,393 shares of company stock worth $46,506,842 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. American Beacon Advisors Inc. bought a new stake in shares of Apple during the first quarter valued at about $117,000. Glacier Peak Capital LLC bought a new stake in shares of Apple during the fourth quarter valued at about $127,000. TrimTabs Asset Management LLC increased its stake in shares of Apple by 88.3% in the first quarter. TrimTabs Asset Management LLC now owns 921 shares of the iPhone maker’s stock valued at $132,000 after buying an additional 432 shares in the last quarter. D. Scott Neal Inc. increased its stake in shares of 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 shares of Apple during the fourth quarter valued at about $146,000. 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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