Apple (NASDAQ:AAPL) Stock Price Up 0.4%

Shares of Apple Inc. ( NASDAQ:AAPL – Get Free Report ) traded up 0.4% on Friday .

The company traded as high as $229.52 and last traded at $228.52.



9,081,632 shares were traded during mid-day trading, a decline of 85% from the average session volume of 61,585,020 shares. The stock had previously closed at $227.52.

Analysts Set New Price Targets AAPL has been the subject of a number of analyst reports. KeyCorp reissued a “hold” rating and set a $247.61 target price on shares of Apple in a research note on Wednesday, August 28th.

Robert W. Baird increased their price objective on Apple from $200.00 to $240.

00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Wedbush reaffirmed an “outperform” rating and set a $285.00 target price on shares of Apple in a research note on Monday, September 9th.

Evercore ISI reissued a “buy” rating and issued a $250.00 price target on shares of Apple in a research note on Thursday. Finally, Cfra lifted their price objective on shares of Apple from $240.

00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company.

Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $238.76. Read Our Latest Stock Analysis on AAPL Apple Price Performance Apple ( NASDAQ:AAPL – Get Free Report ) last announced its quarterly earnings data on Thursday, August 1st.

The iPhone maker reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.

06. The firm had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.

43 billion. Apple had a return on equity of 147.15% and a net margin of 26.

44%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year.

During the same period last year, the company posted $1.26 EPS. On average, equities analysts expect that Apple Inc.

will post 6.7 earnings per share for the current year. Apple Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th.

Shareholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date was Monday, August 12th.

This represents a $1.00 annualized dividend and a yield of 0.44%.

Apple’s dividend payout ratio is presently 15.55%. Insider Buying and Selling at Apple In other news, SVP Katherine L.

Adams sold 100,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.

00. Following the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92.

The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . In other Apple news, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $225.

00, for a total value of $1,958,850.00. Following the completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,469,275.

The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction on Monday, August 5th.

The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00.

Following the completion of the sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The disclosure for this sale can be found here .

Insiders sold 113,884 shares of company stock valued at $23,723,887 in the last quarter. Company insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Apple Hedge funds have recently bought and sold shares of the business. Convergence Investment Partners LLC raised its position in shares of Apple by 2.3% in the fourth quarter.

Convergence Investment Partners LLC now owns 26,886 shares of the iPhone maker’s stock valued at $5,176,000 after purchasing an additional 615 shares during the period. Magnus Financial Group LLC lifted its position in Apple by 1.2% during the 4th quarter.

Magnus Financial Group LLC now owns 113,846 shares of the iPhone maker’s stock worth $21,919,000 after acquiring an additional 1,376 shares during the last quarter. Meridian Wealth Partners LLC boosted its holdings in Apple by 0.3% during the fourth quarter.

Meridian Wealth Partners LLC now owns 32,179 shares of the iPhone maker’s stock valued at $6,195,000 after acquiring an additional 104 shares during the period. Silver Oak Securities Incorporated boosted its holdings in Apple by 65.9% during the fourth quarter.

Silver Oak Securities Incorporated now owns 74,200 shares of the iPhone maker’s stock valued at $14,286,000 after acquiring an additional 29,462 shares during the period. Finally, Blue Chip Partners LLC grew its position in shares of Apple by 5.5% in the fourth quarter.

Blue Chip Partners LLC now owns 221,833 shares of the iPhone maker’s stock valued at $42,710,000 after purchasing an additional 11,643 shares during the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

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. Further Reading Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.

com's FREE daily email newsletter ..