Apple (NASDAQ:AAPL) has been given a consensus rating of “Buy” by the fifty-two ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation, thirty-two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $204.35.
A number of equities analysts have issued reports on the company. Zacks Investment Research lowered Apple from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. Mizuho reaffirmed a “neutral” rating and set a $175.00 price target (up from $160.00) on shares of Apple in a research note on Friday, January 19th. Barclays set a $174.00 price target on Apple and gave the company a “neutral” rating in a research note on Thursday, January 18th. Vetr lowered Apple from a “buy” rating to a “hold” rating and set a $184.49 price target for the company. in a research note on Tuesday, February 27th. Finally, Bank of America lowered Apple from a “buy” rating to a “neutral” rating and increased their price target for the company from $180.00 to $220.00 in a research note on Wednesday, January 17th.
NASDAQ AAPL traded up $1.63 on Friday, reaching $164.58. 14,154,434 shares of the stock traded hands, compared to its average volume of 35,928,426. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. The firm has a market cap of $838,429.94, a P/E ratio of 17.87, a PEG ratio of 1.26 and a beta of 1.25. Apple has a 12 month low of $142.20 and a 12 month high of $183.50.
In other news, SVP Daniel J. Riccio sold 17,375 shares of the firm’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $169.12, for a total value of $2,938,460.00. Following the sale, the senior vice president now directly owns 66,191 shares of the company’s stock, valued at $11,194,221.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Luca Maestri sold 39,122 shares of the firm’s stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $174.66, for a total value of $6,833,048.52. Following the completion of the sale, the insider now directly owns 64,475 shares in the company, valued at $11,261,203.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,988 shares of company stock worth $21,336,201. 0.06% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of AAPL. Stone House Investment Management LLC lifted its position in Apple by 0.4% during the 2nd quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after buying an additional 6 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its position in Apple by 0.3% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after buying an additional 17 shares in the last quarter. Karp Capital Management Corp raised its holdings in shares of Apple by 1.6% in the 2nd quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock valued at $206,000 after purchasing an additional 22 shares during the period. Berkeley Capital Partners LLC raised its holdings in shares of Apple by 0.6% in the 2nd quarter. Berkeley Capital Partners LLC now owns 4,369 shares of the iPhone maker’s stock valued at $629,000 after purchasing an additional 26 shares during the period. Finally, Rainier Group Investment Advisory LLC raised its holdings in shares of Apple by 0.3% in the 2nd quarter. Rainier Group Investment Advisory LLC now owns 14,934 shares of the iPhone maker’s stock valued at $2,151,000 after purchasing an additional 45 shares during the period. 61.28% of the stock is currently owned by institutional investors.
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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.
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