Apple (AAPL) Earning Somewhat Positive News Coverage, Analysis Finds

News coverage about Apple (NASDAQ:AAPL) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Apple earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the iPhone maker an impact score of 44.8984877527695 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

A number of research analysts have issued reports on AAPL shares. Drexel Hamilton restated a “buy” rating and issued a $202.00 price objective on shares of Apple in a research note on Thursday, July 6th. Instinet restated a “buy” rating and issued a $165.00 price objective on shares of Apple in a research note on Wednesday, July 5th. Royal Bank Of Canada restated an “outperform” rating and issued a $168.00 price objective on shares of Apple in a research note on Tuesday, June 6th. Credit Suisse Group restated an “outperform” rating and issued a $170.00 price objective on shares of Apple in a research note on Tuesday, July 25th. Finally, Macquarie upped their price objective on Apple from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Twelve research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $167.35.

Apple (NASDAQ AAPL) opened at 157.48 on Friday. Apple has a one year low of $102.53 and a one year high of $161.83. The firm has a market capitalization of $813.42 billion, a PE ratio of 17.88 and a beta of 1.31. The stock’s 50 day moving average price is $149.92 and its 200 day moving average price is $144.27.

Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The business had revenue of $45.41 billion for the quarter, compared to the consensus estimate of $44.94 billion. During the same period in the previous year, the firm earned $1.42 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts expect that Apple will post $9.02 EPS for the current year.

Apple declared that its board has authorized a stock repurchase program on Tuesday, May 2nd that permits the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization permits the iPhone maker to purchase up to 6.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 14th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.60%. Apple’s payout ratio is currently 28.64%.

In other news, SVP D Bruce Sewell sold 31,625 shares of Apple stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $158.13, for a total value of $5,000,861.25. Following the transaction, the senior vice president now directly owns 112,430 shares of the company’s stock, valued at $17,778,555.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Luca Maestri sold 4,757 shares of Apple stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $154.70, for a total transaction of $735,907.90. Following the completion of the transaction, the insider now directly owns 3,414 shares in the company, valued at $528,145.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 299,911 shares of company stock worth $46,557,634. 0.08% of the stock is currently owned by insiders.

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About Apple

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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