Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Apple (AAPL) Stock Price

News headlines about Apple (NASDAQ:AAPL) have trended somewhat positive on Saturday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Apple earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media headlines about the iPhone maker an impact score of 43.573360877314 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

Shares of Apple (NASDAQ AAPL) opened at 156.99 on Friday. The company has a market capitalization of $810.89 billion, a P/E ratio of 17.82 and a beta of 1.27. The firm has a 50-day moving average of $157.64 and a 200 day moving average of $151.58. Apple has a 1-year low of $104.08 and a 1-year high of $164.94.

Apple (NASDAQ:AAPL) last released its quarterly earnings data 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 net margin of 20.87% and a return on equity of 35.40%. The business had revenue of $45.41 billion during the quarter, compared to analyst estimates of $44.94 billion. During the same quarter last year, the business earned $1.42 earnings per share. Apple’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, analysts anticipate that Apple will post $9.01 EPS for the current year.

A number of research firms recently weighed in on AAPL. UBS AG reaffirmed a “buy” rating and set a $170.00 price target on shares of Apple in a report on Friday, June 23rd. Zacks Investment Research raised Apple from a “hold” rating to a “buy” rating and set a $175.00 price target for the company in a report on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $160.08 price target (down from $176.00) on shares of Apple in a report on Wednesday, August 9th. Longbow Research reaffirmed a “buy” rating and set a $173.00 price target on shares of Apple in a report on Friday, August 11th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $180.00 price target on shares of Apple in a report on Tuesday, September 26th. Nine investment analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $189.73.

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In other news, SVP D Bruce Sewell sold 31,625 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $158.13, for a total value of $5,000,861.25. Following the completion of the sale, the senior vice president now owns 112,430 shares in the company, valued at approximately $17,778,555.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela J. Ahrendts sold 63,388 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Insiders have sold 541,177 shares of company stock valued at $85,864,804 in the last quarter. 0.08% of the stock is owned by company insiders.

About Apple

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.

Insider Buying and Selling by Quarter for Apple (NASDAQ:AAPL)

Insider Buying and Selling by Quarter for Apple (NASDAQ:AAPL)

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