Apple (NASDAQ:AAPL) PT Lowered to $200.00 at Bank of AmericaBank of America cut Apple’s price target from $215.00 to $200.00 in a research note issued to investors on Thursday, The Fly reports. The firm has a buy rating on the stock.

A number of other research firms have commented on AAPL. The price target for Apple was lowered byDeutsche Bank Aktiengesellschaft in a research report. Canaccord Genuity Group raised their price target on Apple from $185.00 to $200.00 and gave the company a buy rating in a research report on Friday, January 28th. The price target for Apple was set byBarclays in a research report on April 27th. The price target for Apple was increased in a research report on Friday, January 28th. Evercore ISI began coverage on Apple in a research report on Friday, March 25th. They gave a buy rating and a price target for the company. Nine 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 company According to data from MarketBeat, the stock has an average rating of Buy and an average price target.

During trading on Thursday, the shares of AAPL traded up $1.19 to $138.64. 1,592,752 shares of the stock were traded, compared to the average volume of 112 million shares. The company has a debt-to-equity ratio of 1.53 and a current ratio of 0.93. Apple has a 1-year low of $123.13 and a 1-year high of $182.94 The stock has a fifty day moving average of $162.50 and a two-hundred day moving average of $165.22. The firm has a market cap of $2.24 trillion, a price-to-earnings ratio of 22.30, a price-to-earnings growth ratio of 1.84 and a beta of 1.19.

Apple released its earnings results on Thursday, April 28th. The earnings per share for the quarter was better than the analysts’ estimates. Apple had a return on equity of 152.88% and a net margin of 26.4%. The company had revenue of 97.28 billion for the quarter, which was higher than analyst estimates. The firm earned earnings per share of $1.40 in the year prior. On a year-over-year basis, Apple revenue was up 8.6%. Analysts think that Apple will post 6.11 earnings per share for the year.

The business paid a quarterly dividend on May 12th. The dividend was paid on Monday, May 9th. Apple paid a quarterly dividend of $0.22 in the past. On Friday, May 6th the ex-dividend date was. The annual yield is 0.66% and the dividend is a $0.92 per year. The dividendPayout ratio is 14.94%.

On Thursday, April 28th, Apple’s Board of Directors authorized the company to buy back $90.0 billion in outstanding shares. The company can buy up to 3.5% of its shares through open market purchases. The company’s board may believe its stock is overvalued.

The SVP of Apple sold 25,000 shares of the company’s stock on May 4th. The stock was sold at an average price of $162. The senior vice president now owns 454,334 shares of the company’s stock, valued at approximately 73,151,454.48. The transaction was disclosed in a legal filing with the SEC. The SVP sold 8,000 shares of the firm’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $164. The senior vice president now directly owns 136,290 shares in the company, which is valued at approximately $22,500,000. This sale’s disclosure can be found here. In the last three months, the company’s Insiders have sold a total of 168,099 shares of company stock. The stock is owned by someone.

Several large investors have recently increased or decreased their stakes in the business The holdings of the company were raised by 10.0% in the first quarter. After acquiring an additional 46,877 shares in the last quarter, the investment group owned a total of 518,433 shares of the iPhone maker’s stock, valued at $90,174,000. During the 1st quarter, Simplicity Wealth raised its holdings in Apple. After buying an additional 559 shares in the last quarter, Simplicity Wealth LLC now owns 6,340 shares of the iPhone maker’s stock, which is valued at $1,107,000. During the 1st quarter, Van Hulzen Asset Management raised its holdings in shares of Apple. After buying an additional 25,199 shares in the last quarter, Van Hulzen Asset Management LLC now owns 323,002 shares of the iPhone maker’s stock, which is worth $56,399,000. Chicago Partners Investment Group LLC increased its holdings in Apple during the first quarter. After buying an additional 8,495 shares in the last quarter, the Chicago Partners Investment Group LLC now owns a total of 191,309 shares of the iPhone maker’s stock. Capital World Investors increased its holdings in shares of Apple during the first quarter. After buying an additional 1,262,536 shares in the last quarter, Capital World Investors now owns 25,536,204 shares of the iPhone maker. The stock is owned by hedge funds and institutional investors.

You can get a rating for Apple Company Profile.

Apple designs, manufactures, and markets a wide range of electronics. It sells a lot 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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