Goldman Sachs Group set a $192.00 target price on Apple (NASDAQ:AAPL) in a research report report published on Wednesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the iPhone maker’s stock.
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Other equities research analysts have also recently issued research reports about the stock. Monness Crespi & Hardt upped their price target on shares of Apple from $265.00 to $300.00 and gave the stock a buy rating in a research report on Thursday, October 31st. ValuEngine cut shares of Apple from a buy rating to a hold rating in a research report on Monday, October 7th. Wedbush reaffirmed an outperform rating and issued a $265.00 price target on shares of Apple in a research report on Tuesday, October 29th. They noted that the move was a valuation call. Macquarie set a $210.00 price target on shares of Apple and gave the stock a hold rating in a research report on Tuesday, September 10th. Finally, Wells Fargo & Co upped their price target on shares of Apple from $215.00 to $245.00 and gave the stock a market perform rating in a research report on Thursday, October 31st. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $239.51.
Shares of Apple stock traded up $0.71 during trading hours on Wednesday, reaching $260.14. The company’s stock had a trading volume of 17,496,500 shares, compared to its average volume of 28,496,354. The stock has a market cap of $1,142.50 billion, a P/E ratio of 21.88, a P/E/G ratio of 1.83 and a beta of 1.25. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.54 and a quick ratio of 1.50. Apple has a one year low of $142.00 and a one year high of $260.44. The firm has a 50 day moving average price of $235.37 and a 200-day moving average price of $209.53.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Wednesday, October 30th. The iPhone maker reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.19. Apple had a net margin of 21.24% and a return on equity of 53.82%. The firm had revenue of $64.04 billion during the quarter, compared to analysts’ expectations of $62.86 billion. During the same quarter in the prior year, the company earned $2.91 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Apple will post 13.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $3.08 dividend on an annualized basis and a yield of 1.18%. Apple’s payout ratio is 25.90%.
In other Apple news, Director Arthur D. Levinson sold 37,394 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $257.79, for a total transaction of $9,639,799.26. Following the transaction, the director now owns 1,170,677 shares in the company, valued at approximately $301,788,823.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Deirdre O’brien sold 12,459 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $234.04, for a total transaction of $2,915,904.36. Following the transaction, the senior vice president now owns 57,819 shares in the company, valued at approximately $13,531,958.76. The disclosure for this sale can be found here. Insiders have sold 465,658 shares of company stock valued at $100,549,205 in the last three months. 0.05% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of AAPL. Centaurus Financial Inc. increased its stake in shares of Apple by 17.9% in the first quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock worth $44,000 after acquiring an additional 1,262 shares during the period. Avondale Wealth Management increased its stake in shares of Apple by 25.4% in the second quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock worth $63,000 after acquiring an additional 64 shares during the period. NuWave Investment Management LLC increased its stake in shares of Apple by 2,245.0% in the second quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock worth $93,000 after acquiring an additional 449 shares during the period. Horan Securities Inc. increased its stake in shares of Apple by 64.2% in the second quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock worth $112,000 after acquiring an additional 221 shares during the period. Finally, Kahn Brothers Group Inc. DE acquired a new stake in shares of Apple in the third quarter worth $112,000. Institutional investors and hedge funds own 58.61% of the company’s stock.
Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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