“No mystery with Sept Q results to be reported; expect in-line Q. Given supply chain data points that suggest only 30M iPhone X will be shipped within the Dec Q, shifting 25M iPhone units from Dec Q to C1H18. Supply chain data points and 6 week lead times indicate 16M iPhone X were ordered over the first weekend, which we believe is consistent with iPhone 6/6+ first weekend. GM upside from iPhone X may not be apparent from Dec Q guidance due to purported initial assembly yield issues.”,” the firm’s analyst wrote.
Other analysts also recently issued reports about the company. Oppenheimer Holdings, Inc. restated a rating on shares of Apple in a report on Thursday, August 10th. Nomura restated a buy rating and issued a $165.00 price objective on shares of Apple in a report on Wednesday, July 5th. Instinet restated a buy rating and issued a $165.00 price objective on shares of Apple in a report on Wednesday, July 5th. Canaccord Genuity restated a buy rating and issued a $180.00 price objective on shares of Apple in a report on Monday, July 10th. Finally, Credit Suisse Group restated a buy rating and issued a $170.00 price objective on shares of Apple in a report on Sunday, July 9th. Seven investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $198.38.
Shares of Apple (AAPL) opened at $172.50 on Thursday. The firm has a market capitalization of $891,001.81, a price-to-earnings ratio of 18.75, a P/E/G ratio of 1.42 and a beta of 1.23. Apple has a 1-year low of $104.08 and a 1-year high of $174.26. The company has a quick ratio of 1.35, a current ratio of 1.39 and a debt-to-equity ratio of 0.68.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. The business had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. Apple had a return on equity of 36.36% and a net margin of 21.09%. Apple’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.50 earnings per share. equities analysts anticipate that Apple will post 11.11 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 13th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $2.52 annualized dividend and a yield of 1.46%. Apple’s payout ratio is 27.39%.
In other Apple news, CEO Timothy D. Cook sold 268,623 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Johny Srouji sold 10,469 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $162.20, for a total transaction of $1,698,071.80. Following the transaction, the senior vice president now owns 76,250 shares of the company’s stock, valued at approximately $12,367,750. The disclosure for this sale can be found here. Insiders have sold 541,177 shares of company stock valued at $85,864,804 over the last ninety days. 0.08% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Berkshire Hathaway Inc. lifted its position in Apple by 0.6% during the second quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after purchasing an additional 834,854 shares during the last quarter. Capital Research Global Investors lifted its position in Apple by 15.0% during the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after purchasing an additional 3,845,363 shares during the last quarter. Legal & General Group Plc lifted its position in Apple by 3.0% during the second quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock valued at $3,759,849,000 after purchasing an additional 771,046 shares during the last quarter. Janus Henderson Group PLC lifted its position in Apple by 301.3% during the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after purchasing an additional 15,018,790 shares during the last quarter. Finally, Swiss National Bank lifted its position in 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 purchasing an additional 79,100 shares during the last quarter. Institutional investors and hedge funds 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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