Apple (NASDAQ: AAPL) recently received a number of ratings updates from brokerages and research firms:
- 4/1/2024 – Apple had its price target lowered by analysts at Loop Capital from $185.00 to $170.00. They now have a “hold” rating on the stock.
- 3/28/2024 – Apple had its “hold” rating reaffirmed by analysts at DZ Bank AG. They now have a $180.00 price target on the stock.
- 3/25/2024 – Apple had its “hold” rating reaffirmed by analysts at UBS Group AG. They now have a $190.00 price target on the stock.
- 3/22/2024 – Apple had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $220.00 price target on the stock.
- 3/21/2024 – Apple had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $250.00 price target on the stock.
- 3/5/2024 – Apple had its “neutral” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $189.00 price target on the stock.
- 2/28/2024 – Apple had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $250.00 price target on the stock.
- 2/16/2024 – Apple had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $225.00 price target on the stock.
- 2/12/2024 – Apple had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $250.00 price target on the stock.
Apple Price Performance
Shares of AAPL opened at $169.58 on Monday. The business’s fifty day moving average is $178.29 and its 200 day moving average is $182.37. Apple Inc. has a 12-month low of $159.78 and a 12-month high of $199.62. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The stock has a market cap of $2.62 trillion, a P/E ratio of 26.41, a P/E/G ratio of 2.04 and a beta of 1.27.
Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. During the same period in the previous year, the company posted $1.88 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts anticipate that Apple Inc. will post 6.55 earnings per share for the current fiscal year.
Apple Announces Dividend
Insider Buying and Selling at Apple
In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the sale, the senior vice president now directly owns 136,572 shares in the company, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. Insiders have sold a total of 253,915 shares of company stock worth $44,202,868 over the last three months. 0.06% of the stock is currently owned by insiders.
Institutional Trading of Apple
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. IFM Investors Pty Ltd increased its position in shares of Apple by 20.0% during the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after purchasing an additional 435,891 shares during the last quarter. Ironwood Wealth Management LLC. grew its position in Apple by 0.4% during the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after acquiring an additional 1,040 shares during the last quarter. Markel Corp raised its stake in shares of Apple by 0.7% during the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after acquiring an additional 8,450 shares in the last quarter. Camden Capital LLC lifted its holdings in shares of Apple by 9.2% in the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after acquiring an additional 13,200 shares during the last quarter. Finally, Harbor Island Capital LLC boosted its stake in shares of Apple by 0.3% in the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after purchasing an additional 400 shares in the last quarter. Institutional investors 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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