AAPL has been the subject of several other reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $261.00 target price on shares of Apple in a report on Tuesday, September 10th. Cfra increased their target price on shares of Apple from $240.00 to $260.00 and gave the stock a "buy" rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. restated an "overweight" rating and issued a $265.00 price target on shares of Apple in a research note on Tuesday, September 10th. Wedbush reiterated an "outperform" rating and set a $285.00 price target on shares of Apple in a research report on Monday, September 9th. Finally, Tigress Financial boosted their price objective on Apple from $245.00 to $295.00 and gave the company a "strong-buy" rating in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $239.27.
Check Out Our Latest Stock Analysis on AAPL
Shares of Apple stock traded down $0.62 during trading on Tuesday, hitting $235.86. 38,818,648 shares of the company's stock were exchanged, compared to its average volume of 59,915,316. Apple has a 52-week low of $164.07 and a 52-week high of $237.49. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The stock has a market capitalization of $3.62 trillion, a price-to-earnings ratio of 36.68, a PEG ratio of 2.40 and a beta of 1.24. The business has a 50-day simple moving average of $226.46 and a 200-day simple moving average of $209.33.
Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.06. The business had revenue of $85.78 billion during the quarter, compared to analysts' expectations of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 EPS. On average, research analysts forecast that Apple will post 6.65 EPS for the current year.
In other news, SVP Katherine L. Adams sold 100,000 shares of the business's stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the sale, the senior vice president now directly owns 191,543 shares of the company's stock, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares of the company's stock, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the business's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 517,924 shares of company stock valued at $114,786,399 over the last 90 days. 0.06% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Carolina Wealth Advisors LLC raised its position in Apple by 1.3% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker's stock valued at $813,000 after purchasing an additional 46 shares in the last quarter. Verus Financial Partners Inc. increased its holdings in shares of Apple by 0.3% in the 2nd quarter. Verus Financial Partners Inc. now owns 16,929 shares of the iPhone maker's stock valued at $3,566,000 after acquiring an additional 48 shares during the last quarter. Brown Financial Advisory raised its position in shares of Apple by 3.8% during the 2nd quarter. Brown Financial Advisory now owns 1,364 shares of the iPhone maker's stock worth $287,000 after acquiring an additional 50 shares in the last quarter. Core Wealth Management Inc. lifted its stake in Apple by 1.7% during the second quarter. Core Wealth Management Inc. now owns 2,968 shares of the iPhone maker's stock worth $625,000 after purchasing an additional 50 shares during the last quarter. Finally, Lowery Thomas LLC lifted its stake in Apple by 0.7% during the second quarter. Lowery Thomas LLC now owns 7,607 shares of the iPhone maker's stock worth $1,602,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company's stock.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
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