Apple’s (AAPL) “Equal Weight” Rating Reiterated at Barclays PLC

Barclays PLC reaffirmed their equal weight rating on shares of Apple Inc. (NASDAQ:AAPL) in a report issued on Friday morning. Barclays PLC currently has a $123.00 price objective on the iPhone maker’s stock.

Other research analysts have also issued research reports about the stock. Oppenheimer Holdings, Inc. reaffirmed a rating on shares of Apple in a research report on Wednesday, February 22nd. UBS AG upped their price objective on shares of Apple from $165.00 to $200.00 in a research report on Sunday, April 2nd. BTIG Research upped their price objective on shares of Apple from $133.00 to $165.00 and gave the company a buy rating in a research report on Wednesday, March 1st. Guggenheim upped their price objective on shares of Apple from $150.00 to $180.00 and gave the company a buy rating in a research report on Tuesday, February 28th. Finally, Mizuho upped their price objective on shares of Apple from $135.00 to $150.00 and gave the company a buy rating in a research report on Monday, February 27th. Ten investment analysts have rated the stock with a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the company’s stock. Apple has a consensus rating of Buy and a consensus price target of $160.83.

Analyst Recommendations for Apple (NASDAQ:AAPL)

Apple (NASDAQ:AAPL) opened at 145.01 on Friday. Apple has a 1-year low of $91.50 and a 1-year high of $156.65. The company has a 50-day moving average price of $151.25 and a 200-day moving average price of $136.05. The firm has a market capitalization of $756.06 billion, a P/E ratio of 17.01 and a beta of 1.28.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, May 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.08. The business had revenue of $52.90 billion during the quarter, compared to analyst estimates of $52.61 billion. Apple had a net margin of 20.74% and a return on equity of 35.09%. On average, equities research analysts predict that Apple will post $8.94 earnings per share for the current fiscal year.

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In other Apple news, Director Arthur D. Levinson sold 35,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $153.88, for a total transaction of $5,385,800.00. Following the transaction, the director now owns 1,168,283 shares in the company, valued at $179,775,388.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP D Bruce Sewell sold 67,500 shares of the company’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $148.76, for a total transaction of $10,041,300.00. Following the transaction, the senior vice president now owns 141,325 shares in the company, valued at approximately $21,023,507. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 447,411 shares of company stock worth $67,200,745. Corporate insiders own 0.08% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Beacon Advisors Inc. acquired a new position in Apple during the first quarter valued at $117,000. Glacier Peak Capital LLC acquired a new position in Apple during the fourth quarter valued at $127,000. TrimTabs Asset Management LLC increased its position in Apple by 88.3% in the first quarter. TrimTabs Asset Management LLC now owns 921 shares of the iPhone maker’s stock valued at $132,000 after buying an additional 432 shares during the last quarter. Welch Investments LLC acquired a new position in Apple during the fourth quarter valued at $146,000. Finally, Odey Holdings AG increased its position in Apple by 27.3% in the fourth quarter. Odey Holdings AG now owns 1,273 shares of the iPhone maker’s stock valued at $147,000 after buying an additional 273 shares during the last quarter. Hedge funds and other institutional investors own 61.26% of the company’s stock.

Apple Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:AAPL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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