According to Bloomberg, the 34 analysts presently keeping an eye on Apple Inc. have collectively provided the company with a rating of “Moderate Buy” as their consensus recommendation (NASDAQ: AAPL). There have been two recommendations to sell the stock, six recommendations to hold the stock, seventeen recommendations to buy the stock, and one analyst recommendation to buy the stock strongly. According to the consensus price target among brokers who have updated their coverage within the past year, the price at which the company’s shares are expected to close over the next 12 months is projected to be $175.65.
Recent events have resulted in several stock analysts providing their perspectives on the company’s share price. Needham & Company LLC reaffirmed their “buy” rating on shares of Apple in a research note published on November 8, and they set a price objective of $170.00 for the company. On December 1, a research report authored by UBS Group and made public stated that the price objective for Apple shares should be $180.00 per share. The “buy” rating that KeyCorp had previously assigned to shares of Apple was reinstated on November 8, and the investment firm also set a price objective of $175.00 for the company’s common stock. Evercore ISI upgraded their rating on the stock to “outperform” and increased their price target on Apple shares from $185.00 to $190.00 in a research report published on Tuesday, September 20. Apple was the subject of the report. In a research report released on Monday, November 7, Bank of America lowered their price target on Apple shares from $160.00 to $154.00 and gave the company a “neutral” rating. This was the last and most important item on the agenda.
In related news, Senior Vice President Deirdre O’Brien sold 176,299 company stock on Monday, October 3. This was announced in the previous sentence. The total amount of money obtained from the stock sale was $25,062,665.84, equivalent to a price of $142.16 per share on average. As a direct result of the transaction, the company’s senior vice president is now the owner of 136,290 shares in the corporation. The total value of these shares is $19,374,986.40. You can acquire additional information regarding the transaction if you click on the link provided for you. This link will take you to an official document presented to the Securities and Exchange Commission. In related news, Senior Vice President Deirdre O’Brien sold 176,299 company stock on Monday, October 3. This was announced in the previous sentence. Following the completion of the stock transaction at an average price of $142.16, the company’s senior vice president was left in possession of 136,290 shares. The current value of these shares is $19,374,986.40. The price per share of the sold stock brought in a total of 25,062,665.84 dollars. You can acquire additional information regarding the transaction if you click on the link provided for you. This link will take you to an official document presented to the Securities and Exchange Commission.
Additionally, on Tuesday, November 22, Chris Kondo, an employee of the company, sold 20,200 shares of the company’s stock. Following the sale of the shares at an average price of $148.72 per share, the total value of the transaction was determined to be $3,004,144.00. Following the completion of the sale, the insider will have 31,505 shares of the company, which have an estimated value of $4,685,423.60. Disclosures that are related to the sale might be found in this section of the website. Insiders of the company have sold a total of 380,851 company stock with a value of $56,707,789 over the past three months. Business insiders on the total number of shares owned by the company to 0.06%.
During the most recent period, significant investors have been engaged in the buying and selling shares in the company. The value of Aaron Wealth Advisors LLC’s holdings in Apple experienced an increase of 30,391.8% during the first three months of 2018. The total number of shares owned by Aaron Wealth Advisors LLC has increased to 26,075,085 with a value of $149,333,000. This represents an increase in the number of shares held by 25,989,570, bringing the total number of shares owned to its current level. During the third quarter, the Great West Life Assurance Company of Canada spent approximately $1,890,884,000 to enhance its stock holdings by purchasing additional Apple shares. During the third quarter, Barclays PLC achieved a 53.0% increase in the proportion of Apple stock it owned. Barclays PLC now owns 30,235,823 shares of the iPhone maker’s stock after purchasing an additional 10,471,342 shares. This gives the company a market value of $4,178,590,000 after considering the additional shares. During the second quarter, Legal & General Group Plc achieved an 8.2% increase in the proportion of Apple stock it owned. Following the acquisition of a further 9,411,018 shares during the most recent period, Legal & General Group Plc now holds a total of 123,534,393 shares of the stock held by the company that manufactures the iPhone. These shares have a current market value of $16,889,649,000. During the first three months of this year, Capital Research Global Investors increased the amount of Apple stock owned by 31.7%. This was done so that they could compete with other investors. Capital Research Global Investors now own a total of 38,903,911 shares of the company’s stock, which gives the portfolio a value of $6,793,041,000 after purchasing an additional 9,354,484 shares of the iPhone maker’s stock during the most recent period. This brings the portfolio’s total value to $6,793,041,000. Institutional investors and hedge funds jointly own 57.72% of the total number of shares in the company, making up the majority of the stock’s holders.
This past Friday, trading in Apple shares on the NASDAQ began at $134.51 per share. The price of the stock’s moving average over the past 50 days is $145.08, while the price’s moving average over the past 200 days is $149.52. The company has a debt-to-equity ratio of 1.95 to 1, a quick ratio of 0.85 to 1, and a current ratio of 0.88 to 1. The company has a PE ratio of 22.01, a PEG ratio of 1.83, and a beta coefficient of 1.22, all of which contribute to its market capitalization of $2.14 trillion. Apple’s 52-week high is currently valued at $182.94, while the company’s 52-week low is currently valued at $129.04.
Apple (NASDAQ: AAPL) disclosed the results of its most recent quarterly earnings report on Thursday, October 27. The manufacturer of iPhones reported earnings per share (EPS) of $1.29 for the period under review, which was $0.03 higher than the average estimate of $1.26 provided by analysts working in the relevant industry. The corporation’s quarterly sales came in at $90.15 billion, a significant increase over the average expectation of $88.77 billion in sales for the quarter. Apple’s return on equity was calculated to be 160.90%, and the company’s net margin was 25.31%. The company’s quarterly sales showed an increase of 7.8% compared to the results achieved in the same quarter of the previous year. During the same period the previous year, the corporation generated a profit of $1.24 for each outstanding sharenufacturer of iPhones reported earnings per share (EPS) of $1.29 for the period under review, which was $0.03 higher than the average estimate of $1.26 that was provided by analysts working in the relevant industry. The corporation’s quarterly sales came in at $90.15 billion, a significant increase over the average expectation of $88.77 billion in sales for the quarter. Apple’s return on equity was calculated to be 160.90%, and the company’s net margin was 25.31%. The company’s quarterly sales showed an increase of 7.8% compared to the results achieved in the same quarter of the previous year. The corporation generated a profit of $1.24 for each outstanding share in the previous year. Profits for Apple are expected to come in at $6.22 per share for the current fiscal year, according to projections made by analysts.
In addition, the company recently announced and paid out a quarterly dividend, which was done so on November 10 of this year. The dividend was paid out to shareholders. On Monday, November 7, stockholders who were already on record were eligible to receive a $0.23 dividend payment. This payment will be deducted from customer accounts on Friday, November 4, the date that has been determined. This results in a yield of 0.68% and a dividend payment of $0.92 each year due to what has transpired here. The current dividend payout ratio for Apple is 15.06 percent. This has been the case for quite some time.
