JPMorgan Chase & Co. Analysts Give Apple (NASDAQ:AAPL) a $200.00 Price Target

JPMorgan Chase & Co. set a $200.00 price objective on Apple (NASDAQ:AAPLGet Rating) in a report issued on Monday, Borsen Zeitung reports.

A number of other research analysts also recently weighed in on the stock. Wedbush cut their price target on shares of Apple from $220.00 to $200.00 and set an outperform rating on the stock in a report on Friday, October 28th. Morgan Stanley cut their price target on shares of Apple from $177.00 to $175.00 and set an overweight rating on the stock in a report on Tuesday, November 8th. Citigroup restated a buy rating and set a $175.00 price target on shares of Apple in a report on Tuesday, November 8th. Sanford C. Bernstein set a $170.00 price target on shares of Apple in a report on Monday, September 12th. Finally, Itau BBA Securities began coverage on shares of Apple in a report on Tuesday, July 26th. They set an underperform rating and a $136.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $176.26.

Apple Stock Up 0.6 %

AAPL stock opened at $151.07 on Monday. Apple has a 12-month low of $129.04 and a 12-month high of $182.94. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.89 and a beta of 1.25. The company has a 50 day moving average of $146.70 and a two-hundred day moving average of $149.66.

Apple (NASDAQ:AAPLGet Rating) last released its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.02. Apple had a net margin of 25.31% and a return on equity of 160.90%. The company had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. On average, equities analysts anticipate that Apple will post 6.26 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s payout ratio is 15.06%.

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 176,299 shares of Apple stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the completion of the transaction, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at approximately $19,374,986.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Apple news, insider Chris Kondo sold 20,200 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total value of $3,004,144.00. Following the completion of the transaction, the insider now directly owns 31,505 shares of the company’s stock, valued at $4,685,423.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 176,299 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the completion of the transaction, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at $19,374,986.40. The disclosure for this sale can be found here. Insiders sold 380,851 shares of company stock valued at $56,707,789 in the last ninety days. Insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Apple

Several institutional investors have recently modified their holdings of the business. MKT Advisors LLC grew its position in shares of Apple by 0.5% during the 2nd quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock worth $1,777,000 after buying an additional 60 shares during the period. Opus Capital Group LLC grew its holdings in Apple by 0.3% during the first quarter. Opus Capital Group LLC now owns 19,081 shares of the iPhone maker’s stock valued at $3,332,000 after purchasing an additional 63 shares during the period. Norwood Financial Corp grew its holdings in Apple by 0.9% during the first quarter. Norwood Financial Corp now owns 7,025 shares of the iPhone maker’s stock valued at $1,227,000 after purchasing an additional 65 shares during the period. Your Advocates Ltd. LLP grew its holdings in Apple by 1.0% during the second quarter. Your Advocates Ltd. LLP now owns 6,339 shares of the iPhone maker’s stock valued at $867,000 after purchasing an additional 65 shares during the period. Finally, Mokosak Advisory Group LLC grew its holdings in Apple by 1.2% during the first quarter. Mokosak Advisory Group LLC now owns 5,702 shares of the iPhone maker’s stock valued at $996,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 57.72% of the company’s stock.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Analyst Recommendations for Apple (NASDAQ:AAPL)

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