Apple Inc. (AAPL) Given a $195.00 Price Target at Sanford C. Bernstein

Apple Inc. (NASDAQ:AAPL) has been given a $195.00 price objective by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Friday. The firm presently has a “buy” rating on the iPhone maker’s stock. Sanford C. Bernstein’s target price would indicate a potential upside of 16.00% from the stock’s current price.

Other analysts have also issued research reports about the company. Oppenheimer Holdings, Inc. reiterated a “” rating on shares of Apple in a report on Thursday, August 10th. J P Morgan Chase & Co set a $165.00 target price on Apple and gave the stock a “buy” rating in a report on Wednesday, July 19th. Vetr lowered Apple from a “strong-buy” rating to a “buy” rating and set a $165.66 target price on the stock. in a report on Tuesday, July 18th. Canaccord Genuity reiterated a “buy” rating and set a $180.00 target price on shares of Apple in a report on Monday, July 10th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $170.00 target price on shares of Apple in a report on Sunday, July 9th. Seven analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. Apple presently has an average rating of “Buy” and an average target price of $197.68.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. The company had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. Apple had a return on equity of 36.36% and a net margin of 21.09%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.50 earnings per share.

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In other Apple news, SVP D Bruce Sewell sold 31,625 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 112,430 shares in the company, valued at $17,778,555.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Johny Srouji sold 5,892 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $161.00, for a total transaction of $948,612.00. Following the completion of the sale, the insider now owns 70,358 shares in the company, valued at approximately $11,327,638. The disclosure for this sale can be found here. In the last 90 days, insiders sold 541,177 shares of company stock worth $85,864,804. Corporate insiders own 0.08% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Roffman Miller Associates Inc. PA grew its holdings in shares of Apple by 2.4% during the third quarter. Roffman Miller Associates Inc. PA now owns 139,262 shares of the iPhone maker’s stock valued at $21,463,000 after buying an additional 3,274 shares during the last quarter. Swiss National Bank grew its holdings in shares of Apple by 0.4% during the third quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock valued at $2,966,581,000 after buying an additional 79,100 shares during the last quarter. Jaffetilchin Investment Partners LLC grew its holdings in shares of Apple by 13.8% during the third quarter. Jaffetilchin Investment Partners LLC now owns 45,029 shares of the iPhone maker’s stock valued at $6,940,000 after buying an additional 5,455 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp grew its holdings in shares of Apple by 12.5% during the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 10,214 shares of the iPhone maker’s stock valued at $1,574,000 after buying an additional 1,131 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in shares of Apple by 2.1% during the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 76,483 shares of the iPhone maker’s stock valued at $11,788,000 after buying an additional 1,549 shares during the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.

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.

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