UBS Group sets $180.00 price objective Apple (NASDAQ: AAPL – Receive Rating) In a report published Wednesday morning, Börsen Zeitung reports.
AAPL has been the subject of several other research reports. DA Davidson lowered his target price on shares of Apple from $185.00 to $167.00 and set a buy rating on the company in a report on Friday, October 28. StockNews.com downgraded shares of Apple from a Buy rating to a Hold rating in a report on Saturday, November 5. Credit Suisse Group set a target price of $184.00 on shares of Apple in a report on Thursday, November 17. Itau Unibenko initiated coverage on shares of Apple in a report on Tuesday, July 26. He issued an Underperform rating and a target price of $136.00 for the company. Finally, Monness Crespi & Hardt initiated coverage on shares of Apple in a report on Thursday, September 8. He issued a buy rating and target price of $174.00 for the company. Two analysts have rated the stock with a Sell rating, seven have issued a Hold rating, twenty-three have issued a Buy rating and one has a Strong Buy rating on the stock. Apple currently has an average buy rating of medium and an average price target of $176.26, according to Marketbeat data.
Apple stock up 0.6%
Shares of NASDAQ AAPL opened at $151.07 on Wednesday. The company’s 50-day simple moving average is $146.70 and 200-day simple moving average is $149.66. The company has a market capitalization of $2.40 trillion, a P/E ratio of 24.73, a P/E/G ratio of 1.89, and a beta of 1.25. The company has a debt-to-equity ratio of 1.95, current ratio of 0.88 and quick ratio of 0.85. Apple’s 1-Year Low is $129.04 and its 1-Year High is $182.94.
Apple (NASDAQ: AAPL – Receive Rating) last announced its quarterly earnings results on Thursday, October 27. The iPhone maker reported earnings per share (EPS) of $1.29 for the quarter, which topped analysts’ consensus estimates of $1.27 by $0.02. The business’s revenue during the quarter stood at $90.15 billion, compared to consensus estimates of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. The revenue of the business was up by 7.8% as compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 EPS. On average, equity research analysts estimate that Apple will earn 6.26 earnings per share for the current year.
Apple declares dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. A $0.23 dividend was paid to shareholders of record on Monday, November 7th. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 dividend and a yield of 0.61% on an annualized basis. Apple’s dividend payout ratio currently stands at 15.06%.
Insider Buying and Selling at Apple
In other news, SVP Deirdre O’Brien sold 8,053 shares of the business’s stock in one transaction on Monday, October 17. Shares were sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the transaction, the senior vice president now directly owns 136,290 shares in the company, valued at $19,414,510.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Deirdre O’Brien sold 8,053 shares of the business’s stock in one transaction on Monday, October 17. Shares were sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the transaction, the senior vice president now directly owns 136,290 shares in the company, valued at $19,414,510.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Additionally, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction on Friday, Oct 28. The stock was sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the sale, the chief financial officer now directly owns 110,673 shares in the company, valued at approximately $17,259,454.35. Disclosure of this sale can be found here. In the past three months, insiders have sold 380,851 shares of company stock worth $56,707,789. 0.06% of the stock is held by company insiders.
Apple’s Institutional Business
Several institutional investors and hedge funds have recently modified their holdings of the business. MKT Advisors LLC increased its stake in Apple shares by 0.5% in the second quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker valued at $1,777,000 after buying an additional 60 shares last quarter. Your Advocates Ltd. LLP increased its stake in Apple shares by 1.0% in the second quarter. Your Advocates Ltd. LLP now owns 6,339 shares of the iPhone maker’s stock valued at $867,000 after buying an additional 65 shares in the last quarter. Mokosak Advisory Group LLC increased its stake in Apple shares by 1.2% in the first quarter. Mokosak Advisory Group LLC now owns 5,702 shares of the iPhone maker’s stock, valued at $996,000, after buying an additional 66 shares last quarter. Harbor Capital Advisors Inc increased its stake in Apple shares by 6.7% in the second quarter. Harbor Capital Advisors Inc., after buying an additional 66 shares in the last quarter. now owns 1,046 shares of the iPhone maker, valued at $143,000. Finally, Aufman Associates Inc raised its stake in Apple shares by 0.9% during the second quarter. Aufman Associates Inc now owns 7,674 shares of the iPhone maker’s stock valued at $1,049,000 after buying an additional 66 shares during the period. Hedge funds and other institutional investors hold 57.72% of the company’s stock.
Apple Company Profile
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories worldwide. It also sells various related services. In addition, the company offers the iPhone, a line of smartphones; Mac, a line of personal computers; the iPad, a line of multi-purpose tablets; the AirPods Max, an over-ear wireless headphone; and wearable, home, and accessories, including AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.
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