Apple Inc. (NASDAQ:AAPL) has earned an average rating of “Hold” from the forty-eight analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, twenty-three have issued a hold recommendation, twenty-two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $201.71.
Several equities analysts have recently weighed in on the stock. HSBC lowered shares of Apple from a “hold” rating to a “reduce” rating and set a $180.00 target price for the company. in a report on Wednesday. Wedbush raised shares of Apple to an “outperform” rating and lifted their target price for the company from $215.00 to $225.00 in a report on Tuesday. Credit Suisse Group reaffirmed a “hold” rating and set a $182.00 target price on shares of Apple in a report on Sunday, March 31st. Sanford C. Bernstein reaffirmed a “neutral” rating and set a $160.00 target price on shares of Apple in a report on Wednesday, March 27th. Finally, BidaskClub lowered shares of Apple from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th.
AAPL stock opened at $199.50 on Friday. The stock has a market capitalization of $968.28 billion, a P/E ratio of 16.75, a P/E/G ratio of 2.01 and a beta of 1.14. Apple has a 12 month low of $142.00 and a 12 month high of $233.47. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.79.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.01. Apple had a net margin of 22.72% and a return on equity of 50.92%. The company had revenue of $84.31 billion for the quarter, compared to the consensus estimate of $84.07 billion. On average, equities research analysts expect that Apple will post 11.41 EPS for the current fiscal year.
In other news, Director Arthur D. Levinson sold 1,521 shares of the company’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $167.71, for a total transaction of $255,086.91. Following the completion of the sale, the director now owns 1,134,804 shares of the company’s stock, valued at $190,317,978.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Luca Maestri sold 51,138 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $196.61, for a total transaction of $10,054,242.18. Following the sale, the insider now directly owns 27,448 shares of the company’s stock, valued at approximately $5,396,551.28. The disclosure for this sale can be found here. 0.05% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its stake in Apple by 11,234.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 160,579,635 shares of the iPhone maker’s stock worth $1,018,000 after buying an additional 159,162,851 shares during the last quarter. Norges Bank bought a new position in Apple during the fourth quarter valued at approximately $7,500,354,000. Geode Capital Management LLC lifted its position in Apple by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 58,414,412 shares of the iPhone maker’s stock valued at $9,198,612,000 after purchasing an additional 3,534,127 shares during the period. Morgan Stanley lifted its position in Apple by 9.7% during the third quarter. Morgan Stanley now owns 39,188,032 shares of the iPhone maker’s stock valued at $8,846,307,000 after purchasing an additional 3,452,792 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Apple by 18.8% during the third quarter. Janus Henderson Group PLC now owns 20,833,222 shares of the iPhone maker’s stock valued at $4,703,027,000 after purchasing an additional 3,293,674 shares during the period. 57.38% 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. 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.
Recommended Story: Lock-Up Period Expiration
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.