A number of other research firms also recently issued reports on AAPL. Barclays PLC reissued a hold rating and issued a $146.00 price objective on shares of Apple in a report on Monday, September 4th. Piper Jaffray Companies reissued an overweight rating and issued a $190.00 price objective on shares of Apple in a report on Tuesday, September 5th. Robert W. Baird reissued a buy rating and issued a $172.00 price objective on shares of Apple in a report on Tuesday, September 5th. Royal Bank Of Canada raised their price objective on shares of Apple from $176.00 to $180.00 and gave the stock an outperform rating in a report on Friday, September 1st. Finally, Sanford C. Bernstein reissued an outperform rating and issued a $175.00 price objective on shares of Apple in a report on Wednesday, September 6th. Ten investment analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the stock. Apple currently has an average rating of Buy and a consensus price target of $188.37.
Shares of Apple (NASDAQ AAPL) traded down 0.98% during mid-day trading on Friday, hitting $151.89. 46,645,443 shares of the company were exchanged. The company has a 50 day moving average of $159.51 and a 200 day moving average of $149.86. The company has a market capitalization of $784.55 billion, a P/E ratio of 17.24 and a beta of 1.27. Apple has a 52 week low of $104.08 and a 52 week high of $164.94. Apple also saw unusually large options trading activity on Wednesday. Traders purchased 174,155 put options on the company. This is an increase of approximately 102% compared to the average volume of 86,200 put options.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. The company had revenue of $45.41 billion for the quarter, compared to the consensus estimate of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.42 earnings per share. Equities analysts anticipate that Apple will post $9.01 earnings per share for the current year.
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In related news, CEO Timothy D. Cook sold 268,623 shares of the company’s 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP D Bruce Sewell sold 31,625 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $158.13, for a total value of $5,000,861.25. Following the transaction, the senior vice president now directly owns 112,430 shares in the company, valued at approximately $17,778,555.90. The disclosure for this sale can be found here. Insiders have sold 432,930 shares of company stock worth $69,008,577 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in AAPL. Auxier Asset Management grew its holdings in Apple by 6.6% during the fourth quarter. Auxier Asset Management now owns 8,055 shares of the iPhone maker’s stock worth $933,000 after acquiring an additional 500 shares during the period. Pegasus Partners Ltd. grew its holdings in Apple by 4.4% during the fourth quarter. Pegasus Partners Ltd. now owns 53,182 shares of the iPhone maker’s stock worth $6,160,000 after acquiring an additional 2,231 shares during the period. Kentucky Retirement Systems acquired a new position in Apple during the fourth quarter worth $44,815,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Apple during the fourth quarter worth $19,995,000. Finally, Wsfs Capital Management LLC acquired a new position in Apple during the fourth quarter worth $1,655,000. 60.35% of the stock is currently 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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