1 week Ago By ABMN Staff
Wedbush restated their outperform rating on shares of Apple ( NASDAQ:AAPL – Free Report ) in a research note released on Thursday morning, Benzinga reports. The firm currently has a $325.00 price target on the iPhone maker’s stock.
Several other equities research analysts have also recently weighed in on the stock. Monness Crespi & Hardt increased their price objective on shares of Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday.
Wells Fargo & Company increased their price target on Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. UBS Group reissued a “neutral” rating and issued a $236.
00 price objective on shares of Apple in a research note on Monday, December 2nd. Maxim Group raised their target price on Apple from $203.00 to $215.
00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, Sanford C. Bernstein boosted their price target on Apple from $240.
00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $238.05.
View Our Latest Report on Apple Apple Price Performance Apple ( NASDAQ:AAPL – Get Free Report ) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate of $1.
60 by $0.04. The firm had revenue of $94.
93 billion for the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 152.
94% and a net margin of 23.97%. The business’s quarterly revenue was up 6.
1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.46 EPS.
Analysts anticipate that Apple will post 7.43 earnings per share for the current fiscal year. Apple Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th.
Shareholders of record on Monday, November 11th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th.
This represents a $1.00 annualized dividend and a dividend yield of 0.45%.
Apple’s dividend payout ratio is currently 16.45%. Insider Activity In other news, COO Jeffrey E.
Williams sold 100,000 shares of Apple stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.
00. Following the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68.
The trade was a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink .
Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.
10. Following the transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53.
The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here .
0.06% of the stock is currently owned by corporate insiders. Institutional Investors Weigh In On Apple Several large investors have recently added to or reduced their stakes in the company.
Drystone LLC purchased a new stake in shares of Apple during the 4th quarter valued at approximately $25,000. Bull Oak Capital LLC raised its holdings in Apple by 252.3% during the 3rd quarter.
Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares during the period. Hershey Financial Advisers LLC purchased a new stake in shares of Apple during the second quarter worth $42,000. Christopher J.
Hasenberg Inc raised its stake in shares of Apple by 88.9% during the 3rd quarter. Christopher J.
Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares during the period. Finally, SPX Gestao de Recursos Ltda purchased a new stake in Apple during the 3rd quarter worth about $71,000. Hedge funds and other institutional investors own 67.
73% of the company’s stock. Apple Company Profile ( 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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