Apple (NASDAQ:AAPL) received a $210.00 target price from research analysts at Wells Fargo & Co in a research report issued on Tuesday. The firm presently has a “neutral” rating on the iPhone maker’s stock. Wells Fargo & Co’s price target would suggest a potential downside of 6.18% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Argus increased their price objective on Apple from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, June 8th. UBS Group set a $210.00 target price on Apple and gave the stock a “buy” rating in a report on Thursday, June 7th. BidaskClub raised Apple from a “hold” rating to a “buy” rating in a report on Tuesday, May 29th. Maxim Group raised Apple from a “hold” rating to a “buy” rating in a report on Thursday, May 31st. Finally, Macquarie reissued a “buy” rating and set a $197.00 target price on shares of Apple in a report on Monday, June 11th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty have issued a buy rating to the company’s stock. Apple presently has an average rating of “Buy” and an average price target of $217.53.

AAPL stock opened at $223.84 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.24 and a debt-to-equity ratio of 0.84. The firm has a market cap of $1,086.59 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 1.95 and a beta of 1.33. Apple has a fifty-two week low of $149.16 and a fifty-two week high of $229.67.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, July 31st. The iPhone maker reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.16. The firm had revenue of $53.27 billion for the quarter, compared to analysts’ expectations of $52.43 billion. Apple had a return on equity of 43.50% and a net margin of 21.98%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.67 EPS. equities analysts expect that Apple will post 11.76 EPS for the current fiscal year.

In related news, CEO Timothy D. Cook sold 265,160 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $217.79, for a total value of $57,749,196.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 15,652 shares of the firm’s stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $190.18, for a total value of $2,976,697.36. Following the completion of the sale, the chief operating officer now directly owns 125,258 shares in the company, valued at $23,821,566.44. The disclosure for this sale can be found here. Insiders sold 378,400 shares of company stock worth $81,052,754 over the last ninety days. 0.08% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in AAPL. PICTET BANK & TRUST Ltd raised its position in shares of Apple by 0.5% during the second quarter. PICTET BANK & TRUST Ltd now owns 45,134 shares of the iPhone maker’s stock worth $8,355,000 after acquiring an additional 240 shares during the last quarter. Somerset Group LLC raised its position in shares of Apple by 2.4% during the second quarter. Somerset Group LLC now owns 10,683 shares of the iPhone maker’s stock worth $1,978,000 after acquiring an additional 249 shares during the last quarter. Wsfs Capital Management LLC raised its position in shares of Apple by 2.0% during the second quarter. Wsfs Capital Management LLC now owns 13,051 shares of the iPhone maker’s stock worth $2,416,000 after acquiring an additional 260 shares during the last quarter. Investment Partners LTD. raised its position in shares of Apple by 4.9% during the second quarter. Investment Partners LTD. now owns 5,594 shares of the iPhone maker’s stock worth $1,036,000 after acquiring an additional 263 shares during the last quarter. Finally, Keating Investment Counselors Inc. raised its position in shares of Apple by 8.2% during the second quarter. Keating Investment Counselors Inc. now owns 3,511 shares of the iPhone maker’s stock worth $650,000 after acquiring an additional 266 shares during the last quarter. 58.62% of the stock is currently owned by hedge funds and other institutional investors.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

Further Reading: Marijuana Stocks Investing Considerations

Analyst Recommendations for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.