Apple (NASDAQ:AAPL) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Monday, April 2nd.
Several other equities research analysts also recently commented on AAPL. UBS set a $190.00 target price on shares of Apple and gave the stock a “buy” rating in a report on Monday, December 4th. Tigress Financial reissued a “strong-buy” rating on shares of Apple in a report on Wednesday, December 6th. KeyCorp reissued a “buy” rating and set a $192.00 target price on shares of Apple in a report on Thursday, December 7th. Stifel Nicolaus reissued a “sell” rating and set a $26.00 target price (up previously from $22.00) on shares of Apple in a report on Wednesday, December 13th. Finally, Citigroup reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Apple in a report on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Apple presently has an average rating of “Buy” and an average price target of $203.21.
AAPL stock traded up $2.42 during trading on Monday, hitting $178.24. 26,509,037 shares of the company’s stock traded hands, compared to its average volume of 36,156,457. The firm has a market cap of $886,582.31, a price-to-earnings ratio of 19.35, a PEG ratio of 1.32 and a beta of 1.25. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74. Apple has a 1 year low of $140.45 and a 1 year high of $183.50.
In other news, SVP Daniel J. Riccio sold 17,375 shares of the company’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $169.12, for a total value of $2,938,460.00. Following the completion of the transaction, the senior vice president now owns 66,191 shares in the company, valued at approximately $11,194,221.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Luca Maestri sold 39,122 shares of the company’s stock in a transaction on Friday, April 13th. The shares were sold at an average price of $174.66, for a total transaction of $6,833,048.52. Following the completion of the transaction, the insider now owns 64,475 shares of the company’s stock, valued at approximately $11,261,203.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 125,988 shares of company stock worth $21,336,201. Insiders own 0.06% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC boosted its stake in Apple by 301.3% during the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after purchasing an additional 15,018,790 shares during the period. Amundi Pioneer Asset Management Inc. boosted its stake in Apple by 50.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 13,228,306 shares of the iPhone maker’s stock worth $2,238,624,000 after purchasing an additional 4,448,509 shares during the period. Truepoint Inc. boosted its stake in Apple by 15,559.4% during the 3rd quarter. Truepoint Inc. now owns 4,436,774 shares of the iPhone maker’s stock worth $4,437,000 after purchasing an additional 4,408,441 shares during the period. Capital Research Global Investors boosted its stake in Apple by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after purchasing an additional 3,845,363 shares during the period. Finally, Stifel Financial Corp boosted its stake in Apple by 9,166.4% during the 3rd quarter. Stifel Financial Corp now owns 3,883,754 shares of the iPhone maker’s stock worth $598,497,000 after purchasing an additional 3,841,842 shares during the period. Institutional investors and hedge funds own 61.35% of the company’s stock.
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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.
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