Mizuho restated their buy rating on shares of Apple Inc. (NASDAQ:AAPL) in a research note issued to investors on Saturday. The firm currently has a $130.00 price target on the iPhone maker’s stock.

Several other research firms have also commented on AAPL. Credit Suisse Group reaffirmed an outperform rating and issued a $150.00 price target on shares of Apple in a report on Wednesday, December 7th. Rosenblatt Securities reaffirmed a neutral rating and issued a $102.00 price target on shares of Apple in a report on Friday, December 16th. Brean Capital reaffirmed an in-line rating and issued a $135.00 price target on shares of Apple in a report on Thursday, December 22nd. Cowen and Company reaffirmed an outperform rating and issued a $135.00 price target on shares of Apple in a report on Saturday, December 17th. Finally, Canaccord Genuity reaffirmed a buy rating and issued a $140.00 price target on shares of Apple in a report on Wednesday, December 7th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, forty-one have assigned a buy rating and three have issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $129.17.

Analyst Recommendations for Apple (NASDAQ:AAPL)

Apple (NASDAQ:AAPL) opened at 119.04 on Friday. The firm’s 50-day moving average is $113.88 and its 200 day moving average is $108.94. The firm has a market capitalization of $634.76 billion, a price-to-earnings ratio of 14.32 and a beta of 1.30. Apple has a 12 month low of $89.47 and a 12 month high of $119.93.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, October 25th. The iPhone maker reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.01. The company earned $46.85 billion during the quarter, compared to analyst estimates of $46.88 billion. Apple had a net margin of 21.19% and a return on equity of 35.59%. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period last year, the business earned $1.96 EPS. Equities analysts predict that Apple will post $8.95 earnings per share for the current year.

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In other Apple news, insider Philip W. Schiller sold 43,769 shares of the business’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $115.07, for a total value of $5,036,498.83. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel J. Riccio sold 33,323 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $110.35, for a total value of $3,677,193.05. Following the completion of the transaction, the insider now directly owns 32,484 shares in the company, valued at $3,584,609.40. The disclosure for this sale can be found here. 0.08% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Penserra Capital Management LLC raised its position in shares of Apple by 39.2% in the second quarter. Penserra Capital Management LLC now owns 1,080 shares of the iPhone maker’s stock worth $103,000 after buying an additional 304 shares during the last quarter. Armbruster Capital Management Inc. raised its position in shares of Apple by 35.1% in the third quarter. Armbruster Capital Management Inc. now owns 1,024 shares of the iPhone maker’s stock worth $116,000 after buying an additional 266 shares during the last quarter. Cedar Wealth Management LLC raised its position in shares of Apple by 42.9% in the third quarter. Cedar Wealth Management LLC now owns 1,072 shares of the iPhone maker’s stock worth $121,000 after buying an additional 322 shares during the last quarter. Weaver C. Barksdale & Associates Inc. purchased a new position in shares of Apple during the third quarter worth $122,000. Finally, Live Your Vision LLC purchased a new position in shares of Apple during the third quarter worth $135,000. 56.95% of the stock is currently owned by hedge funds and other institutional investors.

About Apple

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

5 Day Chart for NASDAQ:AAPL

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