Apple Inc. (NASDAQ:AAPL - Get Free Report)'s stock price traded up 0.3% during mid-day trading on Monday after Loop Capital raised their price target on the stock to $300.00. Loop Capital currently has a buy rating on the stock. Apple traded as high as $236.09 and last traded at $235.73. 8,058,778 shares were traded during trading, a decline of 87% from the average session volume of 59,881,887 shares. The stock had previously closed at $235.00.
A number of other brokerages have also recently issued reports on AAPL. Barclays restated an "underweight" rating and set a $186.00 price objective on shares of Apple in a report on Tuesday, October 1st. Moffett Nathanson initiated coverage on Apple in a report on Monday, August 19th. They set a "neutral" rating and a $211.00 price objective for the company. Wedbush reiterated an "outperform" rating and issued a $285.00 price target on shares of Apple in a research note on Monday, September 9th. Piper Sandler Companies reiterated a "neutral" rating and issued a $225.00 price target (up from $190.00) on shares of Apple in a research note on Tuesday, July 9th. Finally, Tigress Financial boosted their price target on Apple from $245.00 to $295.00 and gave the company a "strong-buy" rating in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $239.27.
Read Our Latest Report on Apple
Insider Activity at Apple
In related news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the sale, the chief executive officer now owns 3,280,180 shares of the company's stock, valued at approximately $736,269,202.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 517,924 shares of company stock worth $114,786,399 over the last three months. Company insiders own 0.06% of the company's stock.
Institutional Trading of Apple
A number of large investors have recently bought and sold shares of AAPL. Stableford Capital II LLC boosted its position in shares of Apple by 0.3% during the 1st quarter. Stableford Capital II LLC now owns 17,156 shares of the iPhone maker's stock worth $2,942,000 after purchasing an additional 59 shares in the last quarter. Perpetual Ltd lifted its position in Apple by 80.5% in the 1st quarter. Perpetual Ltd now owns 102,489 shares of the iPhone maker's stock valued at $17,575,000 after acquiring an additional 45,701 shares in the last quarter. Signal Advisors Wealth LLC lifted its position in Apple by 66.6% in the 1st quarter. Signal Advisors Wealth LLC now owns 31,446 shares of the iPhone maker's stock valued at $5,392,000 after acquiring an additional 12,568 shares in the last quarter. Thomasville National Bank lifted its position in Apple by 0.5% in the 1st quarter. Thomasville National Bank now owns 293,179 shares of the iPhone maker's stock valued at $50,274,000 after acquiring an additional 1,346 shares in the last quarter. Finally, Fulton Bank N.A. lifted its position in Apple by 1.1% in the 1st quarter. Fulton Bank N.A. now owns 287,242 shares of the iPhone maker's stock valued at $49,256,000 after acquiring an additional 3,118 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors and hedge funds.
Apple Stock Performance
The firm has a market cap of $3.63 trillion, a P/E ratio of 36.81, a PEG ratio of 2.40 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The company's 50-day moving average is $225.78 and its two-hundred day moving average is $208.38.
Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business had revenue of $85.78 billion for the quarter, compared to analysts' expectations of $84.43 billion. During the same quarter last year, the firm earned $1.26 EPS. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities analysts predict that Apple Inc. will post 6.65 EPS for the current fiscal year.
Apple Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.42%. Apple's dividend payout ratio (DPR) is 15.55%.
About Apple
(
Get Free Report)
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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