Apple (NASDAQ:AAPL) Price Target Raised to $340.00

Apple (NASDAQ:AAPL) had its target price boosted by Sanford C. Bernstein from $325.00 to $340.00 in a research note issued to investors on Tuesday, Marketbeat reports. The firm currently has an outperform rating on the iPhone maker’s stock.

Other equities analysts have also issued research reports about the stock. Melius Research set a $345.00 price target on shares of Apple in a report on Friday, October 31st. Wall Street Zen cut Apple from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Apple in a research report on Monday, December 29th. Stephens set a $315.00 price target on Apple in a research note on Monday, January 26th. Finally, CLSA lifted their price objective on Apple from $265.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $292.13.

Apple Stock Down 5.0%

AAPL opened at $261.73 on Tuesday. Apple has a 12 month low of $169.21 and a 12 month high of $288.62. The business has a 50-day moving average of $267.08 and a two-hundred day moving average of $255.22. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.97 and a quick ratio of 0.94. The stock has a market capitalization of $3.84 trillion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 2.46 and a beta of 1.09.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.17. Apple had a net margin of 27.04% and a return on equity of 159.94%. The business had revenue of $143.76 billion for the quarter, compared to analyst estimates of $138.25 billion. During the same period in the prior year, the firm posted $2.40 EPS. The company’s revenue was up 15.7% on a year-over-year basis. On average, research analysts expect that Apple will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, February 9th. Apple’s dividend payout ratio (DPR) is presently 13.15%.

Institutional Trading of Apple

Several large investors have recently bought and sold shares of the company. Sellwood Investment Partners LLC grew its position in shares of Apple by 110.9% in the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock worth $34,000 after acquiring an additional 71 shares in the last quarter. ROSS JOHNSON & Associates LLC lifted its stake in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the last quarter. Timmons Wealth Management LLC acquired a new position in Apple in the fourth quarter worth $69,000. Nexus Investment Management ULC increased its stake in Apple by 333.3% during the second quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock valued at $53,000 after purchasing an additional 200 shares during the last quarter. Finally, LSV Asset Management bought a new stake in Apple during the fourth quarter valued at $65,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple posted stronger-than-expected quarterly results and continued iPhone strength, which underpins revenue and margin resilience. Here’s Why Apple’s Stock Dropped 5% Today
• Positive Sentiment: Bernstein raised its price target and bullish analyst notes highlight Apple’s AI roadmap and services upside, offering a longer-term constructive view. Sanford C. Bernstein Raises Apple Price Target to $340.00
• Positive Sentiment: Apple bought full rights to the hit show “Severance” and will produce future seasons in-house — a strategic push for Apple TV+ that can boost content control and margins long term. Apple acquires all rights to Severance, will produce future seasons in-house
• Neutral Sentiment: Vision Pro added YouTube, which improves platform utility, but VR demand is reported to be cooling — a mixed signal for device adoption and services monetization. Apple’s Vision Pro Gets YouTube, but VR Demand Keeps Sliding
• Negative Sentiment: Multiple reports say Apple’s major Siri AI upgrade has run into testing problems and will be delayed, undermining near-term AI momentum and stoking investor concern about execution. Apple has worst day since April as company faces FTC scrutiny, Siri delay reports
• Negative Sentiment: The FTC has publicly raised concerns about alleged bias in Apple News and asked CEO Tim Cook to review curation policies, adding regulatory risk and political headlines that can pressure shares. US FTC airs concerns over allegations that Apple suppresses right-wing content on Apple News
• Negative Sentiment: Wider market AI fears and reports that investors are marking down Apple’s valuation led to an estimated ~$200B market-cap hit as funds rotate away from megacap AI exposure. Apple sees $200 billion market-cap wipeout as stock slides on AI fears

Apple Company Profile

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.