Apple (NASDAQ:AAPL) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Apple (NASDAQ:AAPL) had its target price cut by JPMorgan Chase & Co. from $360.00 to $355.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the iPhone maker’s stock.

A number of other equities research analysts have also issued reports on the stock. DZ Bank lowered shares of Apple from a “buy” rating to a “hold” rating and set a $310.00 price target on the stock. in a report on Tuesday, August 4th. Yorkville Ives initiated coverage on shares of Apple in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $400.00 price objective on the stock. Citigroup reaffirmed a “buy” rating on shares of Apple in a research note on Thursday, September 10th. Oppenheimer reiterated a “market perform” rating on shares of Apple in a report on Thursday, September 10th. Finally, Royal Bank Of Canada set a $365.00 target price on Apple in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $343.74.

Apple Stock Performance

NASDAQ:AAPL opened at $344.17 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.02. Apple has a fifty-two week low of $243.42 and a fifty-two week high of $355.38. The firm has a market cap of $5.00 trillion, a PE ratio of 39.67, a price-to-earnings-growth ratio of 3.30 and a beta of 1.07. The business has a 50 day moving average price of $335.46 and a 200-day moving average price of $298.03.

Apple (NASDAQ:AAPL) last issued its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, topping the consensus estimate of $1.99 by $0.11. Apple had a net margin of 27.60% and a return on equity of 125.35%. The company had revenue of $114.48 billion for the quarter, compared to the consensus estimate of $113.40 billion. During the same period in the previous year, the firm earned $1.85 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts predict that Apple will post 9.64 earnings per share for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 12th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, November 12th. Apple’s payout ratio is currently 12.39%.

Insider Activity

In other news, SVP Jennifer Newstead sold 2,399 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the transaction, the senior vice president directly owned 41,992 shares of the company’s stock, valued at $14,116,870.56. The trade was a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Deirdre O’brien sold 46,389 shares of the stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the transaction, the senior vice president directly owned 136,810 shares in the company, valued at $45,615,190.20. The trade was a 25.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 291,651 shares of company stock valued at $97,082,537 over the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Prospect Hill Management LLC purchased a new position in Apple during the 2nd quarter valued at approximately $146,370,000. Focus Partners Advisor Solutions LLC bought a new position in Apple during the second quarter valued at $168,646,000. Wealthfront Advisers LLC bought a new position in shares of Apple in the 2nd quarter valued at about $482,388,000. Satovsky Asset Management LLC purchased a new stake in Apple during the second quarter valued at approximately $16,064,000. Finally, Gouws Capital LLC raised its holdings in Apple by 136.9% during the 3rd quarter. Gouws Capital LLC now owns 37,504 shares of the iPhone maker’s stock valued at $12,490,000 after buying an additional 21,676 shares during the period. Institutional investors own 67.73% of the company’s stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple beat fiscal fourth-quarter earnings and revenue expectations, with revenue of $114.5 billion and solid iPhone and Mac demand. The results support the view that product demand remains healthy. Apple shares fell despite a double beat in Q4
• Positive Sentiment: Bernstein raised its price target to $380 and kept a Buy rating, citing potential upside from Apple’s business prospects. Bernstein rating and price target
• Neutral Sentiment: Apple is reportedly seeking up to $7 billion through a bond offering. The borrowing adds financing flexibility, but the reports did not specify how proceeds would be used. Apple seeks about $7 billion from bond sale
• Negative Sentiment: Management flagged memory-chip costs that could keep rising, along with supply constraints ahead of the December quarter. These pressures may weigh on margins even as demand remains strong. Supply constraints and rising memory costs
• Negative Sentiment: Investors are also scrutinizing earnings quality: tariff refunds boosted reported profit metrics, making the underlying results less straightforward to assess. Investors revisit Apple earnings quality
• Negative Sentiment: Analyst caution and valuation concerns add to the headwinds. DZ Bank cut Apple to Sell, while coverage also points to slower Services growth and a premium share valuation. DZ Bank downgrades Apple

Apple Company Profile

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.