Apple Inc. (NASDAQ:AAPL) had its price target boosted by research analysts at Mizuho from $120.00 to $130.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the iPhone maker’s stock. Mizuho’s target price would indicate a potential upside of 11.13% from the stock’s current price.
A number of other equities research analysts also recently weighed in on the company. RBC Capital Markets reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Apple in a report on Friday, August 5th. Vetr downgraded Apple from a “hold” rating to a “sell” rating and set a $103.98 target price on the stock. in a report on Monday, August 8th. Wells Fargo & Co. reaffirmed a “market perform” rating on shares of Apple in a report on Friday, September 9th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $116.00 target price (down previously from $118.00) on shares of Apple in a report on Thursday, July 21st. Finally, Macquarie reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Apple in a report on Friday, August 26th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, forty-three have issued a buy rating and two have assigned a strong buy rating to the company. Apple has a consensus rating of “Buy” and a consensus price target of $126.72.
Shares of Apple (NASDAQ:AAPL) opened at 116.98 on Wednesday. Apple has a 12-month low of $89.47 and a 12-month high of $123.82. The company has a market cap of $630.34 billion, a P/E ratio of 13.64 and a beta of 1.22. The company has a 50-day moving average price of $111.28 and a 200-day moving average price of $103.56.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, July 26th. The iPhone maker reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.04. Apple had a return on equity of 37.89% and a net margin of 21.70%. The firm had revenue of $42.36 billion for the quarter, compared to analyst estimates of $42.35 billion. During the same quarter last year, the company earned $1.85 EPS. The company’s revenue was down 14.6% on a year-over-year basis. On average, analysts predict that Apple will post $8.26 earnings per share for the current year.
In other news, COO Jeffrey E. Williams sold 43,769 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $112.59, for a total value of $4,927,951.71. Following the transaction, the chief operating officer now directly owns 90,657 shares of the company’s stock, valued at $10,207,071.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Johny Srouji sold 9,827 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $108.44, for a total transaction of $1,065,639.88. Following the sale, the insider now owns 116,369 shares of the company’s stock, valued at $12,619,054.36. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC boosted its stake in Apple by 39.2% in the second quarter. Penserra Capital Management LLC now owns 1,080 shares of the iPhone maker’s stock valued at $103,000 after buying an additional 304 shares during the last quarter. Weaver C. Barksdale & Associates Inc. purchased a new stake in Apple during the third quarter valued at about $122,000. Delphi Private Advisors LLC boosted its stake in Apple by 5.0% in the second quarter. Delphi Private Advisors LLC now owns 1,462 shares of the iPhone maker’s stock valued at $140,000 after buying an additional 69 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in Apple during the second quarter valued at about $143,000. Finally, River & Mercantile Asset Management LLP boosted its stake in Apple by 22.8% in the second quarter. River & Mercantile Asset Management LLP now owns 1,800 shares of the iPhone maker’s stock valued at $172,000 after buying an additional 334 shares during the last quarter. Hedge funds and other institutional investors own 56.46% of the company’s stock.
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.
Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with MarketBeat.com's FREE daily email newsletter.