UBS Reiterates $190.00 Price Target for Apple (AAPL)

UBS set a $190.00 target price on Apple (NASDAQ:AAPL) in a research note published on Monday morning, www.boersen-zeitung.de reports. The firm currently has a buy rating on the iPhone maker’s stock.

Several other equities research analysts have also issued reports on AAPL. Royal Bank Of Canada reissued an outperform rating and issued a $160.08 target price (down from $176.00) on shares of Apple in a report on Wednesday, August 9th. Longbow Research reissued a buy rating and issued a $173.00 target price on shares of Apple in a report on Friday, August 11th. Bank of America reissued a buy rating and issued a $180.00 target price on shares of Apple in a report on Tuesday, September 26th. Vetr lowered shares of Apple from a buy rating to a hold rating and set a $178.34 target price for the company. in a report on Friday, December 1st. Finally, Rosenblatt Securities reaffirmed a neutral rating and set a $150.00 price objective on shares of Apple in a report on Thursday, September 21st. Seven analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $200.27.

Apple (NASDAQ AAPL) opened at $169.01 on Monday. Apple has a one year low of $109.16 and a one year high of $176.24. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. The firm has a market cap of $870,984.69, a P/E ratio of 18.44, a PEG ratio of 1.36 and a beta of 1.22.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.50 EPS. research analysts expect that Apple will post 11.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 annualized dividend and a dividend yield of 1.49%. Apple’s dividend payout ratio (DPR) is currently 27.39%.

In other news, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total value of $9,775,063.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Philip W. Schiller sold 56,808 shares of Apple stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total value of $8,788,197.60. The disclosure for this sale can be found here. Insiders sold a total of 217,326 shares of company stock valued at $35,290,561 over the last three months. Insiders own 0.08% of the company’s stock.

Large investors have recently made changes to their positions in the company. Blue Sky Asset Management LLC acquired a new position in shares of Apple in the second quarter worth about $108,000. Hefty Wealth Partners grew its holdings in shares of Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 174 shares during the last quarter. FNY Managed Accounts LLC grew its holdings in shares of Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 716 shares during the last quarter. American Beacon Advisors Inc. bought a new position in Apple in the 1st quarter worth approximately $117,000. Finally, Private Vista LLC bought a new position in Apple in the 2nd quarter worth approximately $122,000. 59.56% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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