2 weeks Ago By ABMN Staff
Shares of Apple Inc. ( NASDAQ:AAPL – Get Free Report ) have earned an average rating of “Moderate Buy” from the thirty-five analysts that are currently covering the firm, Marketbeat.com reports.
Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, twenty-two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $235.85.
Several research analysts have issued reports on the stock. Bank of America lowered their price target on shares of Apple from $265.00 to $250.
00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Tigress Financial lifted their target price on shares of Apple from $295.00 to $300.
00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 3rd. The Goldman Sachs Group restated a “buy” rating on shares of Apple in a report on Wednesday, February 19th. Jefferies Financial Group raised Apple from an “underperform” rating to a “hold” rating and lowered their price objective for the stock from $202.
33 to $167.88 in a research report on Wednesday, April 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $225.
00 price objective on shares of Apple in a research note on Monday. Read Our Latest Report on Apple Insider Transactions at Apple Institutional Investors Weigh In On Apple Hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Apple in the 4th quarter worth approximately $46,868,648,000.
International Assets Investment Management LLC boosted its holdings in Apple by 20,372.7% in the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after acquiring an additional 93,886,664 shares in the last quarter.
GAMMA Investing LLC grew its stake in shares of Apple by 25,934.1% in the first quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker’s stock worth $133,425,490,000 after acquiring an additional 59,835,676 shares during the last quarter.
State Street Corp raised its position in shares of Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after purchasing an additional 55,935,105 shares during the last quarter.
Finally, Vanguard Group Inc. boosted its stake in Apple by 3.7% in the 4th quarter.
Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker’s stock worth $349,532,608,000 after purchasing an additional 49,168,843 shares in the last quarter. Institutional investors own 67.
73% of the company’s stock. Apple Stock Performance Shares of Apple stock opened at $196.79 on Tuesday.
The stock has a market cap of $2.96 trillion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 2.
44 and a beta of 1.26. Apple has a twelve month low of $164.
08 and a twelve month high of $260.10. The company’s fifty day moving average is $220.
36 and its 200 day moving average is $230.28. The company has a quick ratio of 0.
88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.
Apple ( NASDAQ:AAPL – Get Free Report ) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.
36 by $0.04. Apple had a return on equity of 160.
83% and a net margin of 24.30%. Sell-side analysts forecast that Apple will post 7.
28 EPS for the current year. Apple Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a dividend of $0.
25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.
51%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is currently 15.
87%. About Apple ( Get Free Report Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
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