Brokerages Set Apple Inc. (NASDAQ:AAPL) Price Target at $238.05

Apple Inc. (NASDAQ:AAPL – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the thirty-five brokerages that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and one has [...]

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Apple Inc. ( NASDAQ:AAPL – Get Free Report ) has been assigned a consensus recommendation of “Moderate Buy” from the thirty-five brokerages that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating on the company.

The average 12 month price target among brokers that have covered the stock in the last year is $242.52. AAPL has been the subject of several recent research reports.



Wells Fargo & Company lifted their target price on shares of Apple to $275.00 and gave the company a “buy” rating in a report on Monday, December 9th. StockNews.

com lowered Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. UBS Group restated a “neutral” rating and issued a $236.00 target price on shares of Apple in a report on Monday, December 2nd.

Oppenheimer cut Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday. Finally, Raymond James boosted their price target on Apple to $250.00 and gave the company a “buy” rating in a report on Monday, January 20th.

Get Our Latest Research Report on Apple Apple Trading Down 0.7 % Apple ( NASDAQ:AAPL – Get Free Report ) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.

40 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04.

Apple had a return on equity of 152.94% and a net margin of 23.97%.

Sell-side analysts forecast that Apple will post 7.34 earnings per share for the current fiscal year. Apple Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th.

Investors of record on Monday, February 10th will be given a $0.25 dividend. The ex-dividend date is Monday, February 10th.

This represents a $1.00 annualized dividend and a dividend yield of 0.42%.

Apple’s dividend payout ratio is presently 16.45%. Insider Buying and Selling In other news, COO Jeffrey E.

Williams sold 100,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.

00. Following the transaction, 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 Securities & Exchange Commission, which is available at this link .

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 completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53.

The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here .

0.06% of the stock is owned by company insiders. Hedge Funds Weigh In On Apple Hedge funds have recently bought and sold shares of the company.

O Connor Financial Group LLC grew its holdings in Apple by 1.2% in the 4th quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock valued at $896,000 after buying an additional 41 shares during the last quarter.

1620 Investment Advisors Inc. grew its stake in shares of Apple by 0.5% in the 3rd quarter.

1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock valued at $2,249,000 after purchasing an additional 45 shares during the period. Carolina Wealth Advisors LLC increased its position in shares of Apple by 1.

3% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock worth $813,000 after purchasing an additional 46 shares in the last quarter. Verus Financial Partners Inc.

lifted its holdings in Apple by 0.3% during the 2nd quarter. Verus Financial Partners Inc.

now owns 16,929 shares of the iPhone maker’s stock valued at $3,566,000 after purchasing an additional 48 shares during the last quarter. Finally, Menard Financial Group LLC boosted its position in Apple by 0.4% in the third quarter.

Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock valued at $2,848,000 after buying an additional 48 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

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. Featured Articles 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.

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