Somewhat Favorable News Coverage Somewhat Unlikely to Impact Apple (AAPL) Stock Price

Media coverage about Apple (NASDAQ:AAPL) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Apple earned a news impact score of 0.21 on Accern’s scale. Accern also assigned news stories about the iPhone maker an impact score of 44.8984877527695 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news stories that may have effected Accern’s scoring:

A number of equities research analysts have recently issued reports on AAPL shares. Zacks Investment Research cut shares of Apple from a “buy” rating to a “hold” rating in a report on Monday, April 24th. UBS AG reaffirmed a “buy” rating and issued a $151.00 target price on shares of Apple in a report on Monday, April 24th. Needham & Company LLC reiterated a “buy” rating and issued a $165.00 price target on shares of Apple in a research note on Tuesday, April 25th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $155.00 price target on shares of Apple in a research note on Wednesday, April 26th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $140.00 price target on shares of Apple in a research note on Friday, April 28th. Eleven investment analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. Apple has a consensus rating of “Buy” and a consensus price target of $167.38.

Apple (NASDAQ:AAPL) traded down 0.23% during trading on Friday, hitting $157.50. The stock had a trading volume of 27,428,069 shares. The stock has a market cap of $813.52 billion, a PE ratio of 17.88 and a beta of 1.31. Apple has a 1-year low of $102.53 and a 1-year high of $162.51. The firm’s 50-day moving average price is $151.99 and its 200-day moving average price is $145.63.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.10. The business had revenue of $45.41 billion during the quarter, compared to analyst estimates of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $1.42 EPS. On average, equities research analysts predict that Apple will post $9.02 earnings per share for the current fiscal year.

Apple announced that its board has initiated a share buyback plan on Tuesday, May 2nd that allows the company to repurchase $50.00 billion in shares. This repurchase authorization allows the iPhone maker to buy up to 6.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were issued a $0.63 dividend. The ex-dividend date of this dividend was 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 related news, SVP Johny Srouji sold 10,469 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $162.20, for a total transaction of $1,698,071.80. Following the completion of the sale, the senior vice president now directly owns 76,250 shares in the company, valued at $12,367,750. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Luca Maestri sold 4,757 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $154.70, for a total value of $735,907.90. Following the sale, the insider now owns 3,414 shares of the company’s stock, valued at $528,145.80. The disclosure for this sale can be found here. Insiders sold 304,640 shares of company stock valued at $47,405,994 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

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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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