Apple’s (AAPL) Buy Rating Reiterated at KeyCorp
Other research analysts have also issued reports about the stock. Barclays reissued a hold rating and issued a $146.00 target price on shares of Apple in a report on Tuesday, August 15th. Vetr raised shares of Apple from a hold rating to a buy rating and set a $166.96 target price for the company in a report on Thursday, August 17th. UBS reissued a buy rating and issued a $180.00 target price on shares of Apple in a report on Tuesday, September 12th. Nomura set a $185.00 target price on shares of Apple and gave the company a buy rating in a report on Monday, September 25th. Finally, Royal Bank Of Canada raised their target price on shares of Apple from $180.00 to $182.00 and gave the company a buy rating in a report on Thursday, September 14th. Seven research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $200.27.
Shares of Apple (AAPL) opened at $169.37 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Apple has a fifty-two week low of $112.31 and a fifty-two week high of $176.24. The stock has a market cap of $869,598.38, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 1.36 and a beta of 1.22.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. During the same period last year, the firm posted $1.50 EPS. The company’s revenue was up 12.2% on a year-over-year basis. equities research analysts anticipate that Apple will post 11.18 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 annualized dividend and a dividend yield of 1.49%. Apple’s dividend payout ratio (DPR) is 27.39%.
In other news, SVP Johny Srouji sold 5,760 shares of Apple stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the completion of the sale, the senior vice president now directly owns 81,560 shares in the company, valued at $14,224,064. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Eduardo H. Cue sold 65,361 shares of Apple stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total value of $11,215,947.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 217,326 shares of company stock valued at $35,290,561. Corporate insiders own 0.08% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Berkshire Hathaway Inc. increased its stake in shares of Apple by 0.6% during the second quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after buying an additional 834,854 shares during the period. Capital Research Global Investors grew its stake in Apple by 15.0% in the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after purchasing an additional 3,845,363 shares during the last quarter. Legal & General Group Plc grew its stake in Apple by 1.1% in the third quarter. Legal & General Group Plc now owns 26,393,202 shares of the iPhone maker’s stock valued at $4,067,559,000 after purchasing an additional 287,027 shares during the last quarter. Janus Henderson Group PLC grew its stake in Apple by 9.3% in the third quarter. Janus Henderson Group PLC now owns 21,854,159 shares of the iPhone maker’s stock valued at $3,367,571,000 after purchasing an additional 1,850,572 shares during the last quarter. Finally, Swiss National Bank grew its stake in Apple by 0.4% in the third quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock valued at $2,966,581,000 after purchasing an additional 79,100 shares during the last quarter. Institutional investors and hedge funds own 59.56% of the company’s stock.
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Apple Company Profile
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.
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