Mizuho reiterated their hold rating on shares of Apple Inc. (NASDAQ:AAPL) in a research report report published on Monday. The brokerage currently has a $150.00 price objective on the iPhone maker’s stock.
Several other research analysts have also issued reports on AAPL. Royal Bank Of Canada raised their price target on Apple from $157.00 to $168.00 and gave the stock an outperform rating in a research report on Monday, May 22nd. Sanford C. Bernstein restated a buy rating and issued a $160.00 price target on shares of Apple in a research report on Tuesday, May 23rd. Credit Suisse Group restated a buy rating and issued a $170.00 price target on shares of Apple in a research report on Tuesday, May 23rd. Keefe, Bruyette & Woods set a $170.00 price target on Apple and gave the stock a buy rating in a research report on Monday, May 22nd. Finally, Longbow Research restated a buy rating and issued a $162.00 price target on shares of Apple in a research report on Wednesday, May 24th. Ten equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. Apple presently has an average rating of Buy and a consensus target price of $188.11.
Shares of Apple (NASDAQ:AAPL) opened at 156.07 on Monday. The stock has a market capitalization of $806.14 billion, a P/E ratio of 17.72 and a beta of 1.27. Apple has a one year low of $104.08 and a one year high of $164.94. The stock’s 50 day moving average price is $159.51 and its 200 day moving average price is $149.86.
Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The company had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. During the same period last year, the firm earned $1.42 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts forecast that Apple will post $9.01 EPS for the current year.
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In other news, SVP Johny Srouji sold 10,469 shares of Apple stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $162.20, for a total transaction of $1,698,071.80. Following the completion of the sale, the senior vice president now directly owns 76,250 shares of the company’s stock, valued at approximately $12,367,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction on Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. Insiders have sold a total of 432,930 shares of company stock valued at $69,008,577 over the last ninety days. 0.08% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Sky Asset Management LLC bought a new stake in shares of Apple during the 2nd quarter worth $108,000. Hefty Wealth Partners lifted its holdings in shares of Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 174 shares during the last quarter. FNY Managed Accounts LLC lifted its holdings in shares of Apple by 852.4% during the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 716 shares during the last quarter. American Beacon Advisors Inc. bought a new stake in shares of Apple during the 1st quarter worth $117,000. Finally, Private Vista LLC bought a new stake in shares of Apple during the 2nd quarter worth $122,000. 60.35% of the stock is owned by institutional investors.
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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