Apple (NASDAQ:AAPL) Stock Price Down 0% - What's Next?

Apple Inc. (NASDAQ:AAPL - Get Free Report) shares were down 0% during trading on Wednesday . The company traded as low as $222.84 and last traded at $223.65. Approximately 9,755,731 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 52,395,983 shares. The stock had previously closed at $223.75.

Analysts Set New Price Targets

Several research analysts have weighed in on AAPL shares. Wells Fargo & Company lifted their target price on Apple to $275.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Bank of America boosted their price target on shares of Apple from $253.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Citigroup raised their price objective on Apple from $255.00 to $275.00 and gave the company a "buy" rating in a report on Friday, January 31st. Barclays upped their target price on Apple from $183.00 to $197.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. Finally, UBS Group raised their price target on Apple to $236.00 and gave the company a "hold" rating in a research note on Tuesday, February 25th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $245.52.

Apple Stock Performance

The company has a fifty day moving average price of $230.70 and a two-hundred day moving average price of $233.26. The company has a market capitalization of $3.27 trillion, a P/E ratio of 34.59, a PEG ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

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Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Monday, February 10th. Apple's payout ratio is presently 15.87%.

Institutional Investors Weigh In On Apple

Institutional investors and hedge funds have recently made changes to their positions in the stock. Milestone Asset Management Group LLC bought a new stake in Apple in the fourth quarter valued at approximately $4,940,000. Avant Financial Advisors LLC acquired a new position in shares of Apple in the 4th quarter worth approximately $4,499,000. Fire Capital Management LLC bought a new stake in shares of Apple in the 4th quarter valued at $3,710,000. Fulcrum Equity Management increased its position in shares of Apple by 1.4% during the fourth quarter. Fulcrum Equity Management now owns 5,510 shares of the iPhone maker's stock worth $1,380,000 after buying an additional 77 shares during the period. Finally, Mascagni Wealth Management Inc. bought a new position in Apple during the fourth quarter worth $5,077,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Company Profile

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.