Apple (NASDAQ:AAPL) had its price target boosted by Nomura from $205.00 to $225.00 in a report released on Thursday, October 31st, The Fly reports. The firm currently has a neutral rating on the iPhone maker’s stock.
Other analysts also recently issued research reports about the company. ValuEngine downgraded Apple from a buy rating to a hold rating in a research note on Monday, October 7th. Deutsche Bank lifted their price objective on Apple from $210.00 to $230.00 and gave the stock a hold rating in a research note on Tuesday, October 22nd. They noted that the move was a valuation call. UBS Group lifted their price objective on Apple from $275.00 to $280.00 and gave the stock a buy rating in a research note on Thursday, October 31st. HSBC set a $190.00 price objective on Apple and gave the stock a sell rating in a research note on Thursday, September 26th. Finally, Jefferies Financial Group set a $285.00 price objective on Apple and gave the stock a buy rating in a research note on Monday, October 28th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Apple presently has a consensus rating of Hold and an average price target of $239.51.
AAPL traded up $0.71 during midday trading on Thursday, hitting $260.14. The stock had a trading volume of 17,496,500 shares, compared to its average volume of 28,496,354. The business has a fifty day moving average of $235.37 and a 200 day moving average of $209.53. The company has a market cap of $1,142.50 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 1.83 and a beta of 1.25. Apple has a 1 year low of $142.00 and a 1 year high of $260.44. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.50 and a current ratio of 1.54.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Thursday, November 7th. Apple’s payout ratio is currently 25.90%.
In related news, SVP Deirdre O’brien sold 12,459 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $234.04, for a total transaction of $2,915,904.36. Following the completion of the transaction, the senior vice president now owns 57,819 shares in the company, valued at approximately $13,531,958.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Arthur D. Levinson sold 37,394 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $257.79, for a total value of $9,639,799.26. Following the transaction, the director now owns 1,170,677 shares of the company’s stock, valued at approximately $301,788,823.83. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 465,658 shares of company stock valued at $100,549,205. 0.05% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the business. Avondale Wealth Management increased its holdings in shares of Apple by 25.4% in the second quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock valued at $63,000 after purchasing an additional 64 shares during the period. NuWave Investment Management LLC increased its holdings in shares of Apple by 2,245.0% in the second quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock valued at $93,000 after purchasing an additional 449 shares during the period. Kahn Brothers Group Inc. DE acquired a new position in shares of Apple in the third quarter valued at about $112,000. Horan Securities Inc. increased its holdings in shares of Apple by 64.2% in the second quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock valued at $112,000 after purchasing an additional 221 shares during the period. Finally, Fulcrum Equity Management acquired a new position in shares of Apple in the third quarter valued at about $135,000. Institutional investors and hedge funds own 58.61% of the company’s stock.
Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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