Apple Inc. (NASDAQ:AAPL) received a $108.00 price target from analysts at Deutsche Bank AG in a research report issued on Tuesday. The firm presently has a a “hold” rating on the iPhone maker’s stock. Deutsche Bank AG’s price objective points to a potential downside of 8.12% from the company’s previous close.
A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Apple from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Tuesday. Drexel Hamilton restated a “buy” rating and issued a $185.00 target price on shares of Apple in a research report on Monday. RBC Capital Markets restated an “outperform” rating and issued a $125.00 target price on shares of Apple in a research report on Monday. Piper Jaffray Cos. restated an “overweight” rating and issued a $151.00 target price on shares of Apple in a research report on Saturday. Finally, Stifel Nicolaus restated a “buy” rating and issued a $130.00 target price (up previously from $120.00) on shares of Apple in a research report on Saturday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, forty-four have assigned a buy rating and two have issued a strong buy rating to the company. Apple presently has a consensus rating of “Buy” and a consensus price target of $127.11.
Shares of Apple (NASDAQ:AAPL) traded up 0.25% on Tuesday, hitting $117.84. 16,901,140 shares of the stock were exchanged. Apple has a one year low of $89.47 and a one year high of $123.82. The company has a market cap of $634.97 billion, a P/E ratio of 13.74 and a beta of 1.22. The firm’s 50-day moving average is $111.86 and its 200-day moving average is $103.64.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, July 26th. The iPhone maker reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. Apple had a net margin of 21.70% and a return on equity of 37.89%. The business earned $42.36 billion during the quarter, compared to the consensus estimate of $42.35 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. On average, equities analysts forecast that Apple will post $8.26 EPS for the current fiscal year.
In other news, Director Arthur D. Levinson sold 70,000 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $108.68, for a total value of $7,607,600.00. Following the completion of the sale, the director now owns 1,203,283 shares of the company’s stock, valued at $130,772,796.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP D Bruce Sewell sold 23,305 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $107.49, for a total transaction of $2,505,054.45. Following the completion of the sale, the senior vice president now directly owns 239,329 shares of the company’s stock, valued at approximately $25,725,474.21. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in AAPL. Penserra Capital Management LLC boosted its stake in shares of Apple by 39.2% in the second quarter. Penserra Capital Management LLC now owns 1,080 shares of the iPhone maker’s stock worth $103,000 after buying an additional 304 shares during the last quarter. Weaver C. Barksdale & Associates Inc. acquired a new stake in shares of Apple during the third quarter worth about $122,000. D. Scott Neal Inc. boosted its stake in shares of Apple by 701.3% in the third quarter. D. Scott Neal Inc. now owns 1,202 shares of the iPhone maker’s stock worth $136,000 after buying an additional 1,052 shares during the last quarter. Delphi Private Advisors LLC boosted its stake in shares of Apple by 5.0% in the second quarter. Delphi Private Advisors LLC now owns 1,462 shares of the iPhone maker’s stock worth $140,000 after buying an additional 69 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. acquired a new stake in shares of Apple during the second quarter worth about $143,000. 56.41% of the stock is owned by institutional investors.
Apple Company Profile
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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