Barclays set a $174.00 price objective on Apple (NASDAQ:AAPL) in a report published on Thursday. The firm currently has a neutral rating on the iPhone maker’s stock.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Apple from a hold rating to a buy rating and set a $197.00 price objective on the stock in a research note on Thursday. Bank of America downgraded shares of Apple from a buy rating to a neutral rating and increased their price objective for the stock from $180.00 to $220.00 in a research note on Wednesday. Longbow Research downgraded shares of Apple from a buy rating to a neutral rating in a research note on Wednesday. Maxim Group increased their price objective on shares of Apple from $193.00 to $204.00 and gave the stock a buy rating in a research note on Friday, January 12th. Finally, UBS Group set a $190.00 price objective on shares of Apple and gave the stock a buy rating in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $200.59.

Apple (NASDAQ:AAPL) traded down $0.80 during mid-day trading on Thursday, hitting $178.46. 30,827,809 shares of the company traded hands, compared to its average volume of 25,680,000. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. Apple has a fifty-two week low of $119.50 and a fifty-two week high of $180.10. The firm has a market capitalization of $916,270.00, a P/E ratio of 19.42, a PEG ratio of 1.44 and a beta of 1.23.

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, topping analysts’ consensus estimates of $1.87 by $0.20. The firm had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.50 earnings per share. equities research analysts anticipate that Apple will post 11.15 earnings per share for the current fiscal year.

In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the completion of the sale, the insider now owns 13,739 shares of the company’s stock, valued at approximately $2,401,302.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Johny Srouji sold 10,368 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $174.68, for a total transaction of $1,811,082.24. Following the sale, the insider now directly owns 81,560 shares of the company’s stock, valued at approximately $14,246,900.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,412 shares of company stock valued at $22,115,155. 0.08% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in AAPL. First Command Bank grew its position in shares of Apple by 3.1% during the 2nd quarter. First Command Bank now owns 8,249 shares of the iPhone maker’s stock worth $1,188,000 after buying an additional 249 shares during the period. Stock Yards Bank & Trust Co. grew its position in shares of Apple by 0.3% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 168,064 shares of the iPhone maker’s stock worth $24,205,000 after buying an additional 571 shares during the period. Cordasco Financial Network grew its position in shares of Apple by 1.5% during the 2nd quarter. Cordasco Financial Network now owns 3,233 shares of the iPhone maker’s stock worth $466,000 after buying an additional 49 shares during the period. BKD Wealth Advisors LLC grew its position in shares of Apple by 4.2% during the 2nd quarter. BKD Wealth Advisors LLC now owns 49,976 shares of the iPhone maker’s stock worth $7,198,000 after buying an additional 2,028 shares during the period. Finally, Prentiss Smith & Co. Inc. grew its position in shares of Apple by 7.1% during the 2nd quarter. Prentiss Smith & Co. Inc. now owns 7,455 shares of the iPhone maker’s stock worth $1,074,000 after buying an additional 495 shares during the period. 60.19% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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