Apple has a complete trio of numbers.
A number of other analysts have issued reports on AAPL. Tigress Financial raised their target price on shares of Apple from $198.00 to $210.00 and gave the stock a “strong-buy” rating. Canaccord Genuity Group raised their price target on shares of Apple from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday. The price target on Apple was dropped byDeutsche Bank Aktiengesellschaft on Friday, April 29th. Bank of America dropped their price target on Apple from $215.00 to $200.00 in a research note on Thursday, May 19th. Robert W. Baird raised their price target on shares of Apple from $185.00 to $190.00 in a research note on Friday. Nine investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock There is a consensus rating of “Buy” and an average price target of $187 for the stock.
During trading hours on Thursday, the stock traded up by $2.61 The company’s stock had a trading volume of more than 3 million shares, compared to its average volume of less than 97 million. A quick ratio of 0.88 and a debt-to-equity ratio of 1.53 make up the company’s current ratio. The business has a 50 day simple moving average of $161.29 and a 200 day simple moving average of $169. Apple has a low of $123.13 and a high of $182.94. The market cap of the stock is $2.32 trillion and it has a PE ratio of 23.30
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Apple released its earnings results on Thursday, April 28th. The earnings per share for the quarter was more than the analysts’ consensus estimate. Apple had a net margin of 26.41% and a return on equity of 152.88%). The firm had revenue of $97.28 billion for the quarter, which was higher than analysts’ expectations of $93.50 billion. The company posted earnings per share of $1.40 during the same quarter last year. Apple’s revenue was up on a year-over-year basis. Analysts predict that Apple will post 6.11 earnings per share for the current year.
The Board of Directors of Apple approved a stock repurchase program on Thursday, April 28th that will allow the company to buy back $90.05 billion in outstanding shares. The iPhone maker can buy up to 3.5% of its stock through the open market. The company’s board of directors may believe that the company’s stock is cheap.
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In a transaction that took place on Monday, April 18th, the SVP sold 8,000 shares of the business’ stock. The shares were sold at an average price of $169. The senior vice president now directly owns 136,290 shares of the company’s stock, which is valued at $22,475,583.90 after the sale. The transaction was disclosed in a legal filing. The SVP sold 25,000 shares of the company’s stock in a transaction that took place on Wednesday, May 4th. The shares were sold at an average price of $161.28. The senior vice president now directly owns 452,334 shares of the company’s stock, which is valued at approximately $73,151,454.48. There is a disclosure for this sale. In the last quarter, the company’s Insiders sold a total of 168,099 shares of company stock. The company’s stock is owned by the company’s insiders.
A number of institutional investors and hedge funds have made changes to their positions in the stock. The company boosted its holdings in Apple by 3.0%. After purchasing an additional 139,948 shares of the stock during the last quarter, Ninety One UK now owns 4,833,196 shares of the stock. The position of Apple was raised by 15.0% in the first quarter. After purchasing an additional 1,560 shares of the company’s stock, the investment group owned 11,984 shares of the company’s stock valued at $2,039,000. The position in shares of Apple was raised in the first quarter. After purchasing an additional 1,352 shares of the company’s stock, the investment firm owned 52,692 shares of the company’s stock, valued at $9,201,000. Midwest Wealth Management Inc.’s position in Apple increased during the first quarter. Midwest Wealth Management Inc. now owns 28,322 shares of the iPhone maker’s stock, worth $4,945,000, after acquiring an additional 712 shares during the period. Bickling Financial Services Inc.’s position in Apple increased during the first quarter. Bickling Financial Services Inc. now owns 30,013 shares of the iPhone maker’s stock, worth $5, 241,000, after acquiring an additional 225 shares during the period. The company’s stock is owned by Institutional investors and Hedge funds.
Get rating on Apple.
Apple designs, manufactures, and markets a wide range of devices. It sells a variety of related services. In addition, the company has a line of multi-purpose tablets, a line of personal computers, a line of phones, and a line of accessories.
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