Deutsche Bank AG Reiterates “Hold” Rating for Apple Inc. (AAPL)

Apple Inc. (NASDAQ:AAPL)‘s stock had its “hold” rating reiterated by investment analysts at Deutsche Bank AG in a research note issued to investors on Friday. They presently have a $152.00 price target on the iPhone maker’s stock. Deutsche Bank AG’s target price would suggest a potential downside of 11.88% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. HSBC Holdings plc set a $193.00 price target on shares of Apple and gave the company a “buy” rating in a research report on Wednesday. Maxim Group reaffirmed a “buy” rating and issued a $193.00 price target on shares of Apple in a research report on Thursday. Citigroup Inc. reaffirmed a “buy” rating and issued a $200.00 price target (up previously from $170.00) on shares of Apple in a research report on Friday. They noted that the move was a valuation call. UBS AG set a $190.00 price target on shares of Apple and gave the company a “buy” rating in a research report on Friday. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $195.00 price target (up previously from $180.00) on shares of Apple in a research report on Friday. Seven analysts have rated the stock with a hold rating and forty-six have assigned 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 (NASDAQ:AAPL) traded up $4.39 on Friday, hitting $172.50. The stock had a trading volume of 58,683,826 shares, compared to its average volume of 25,147,278. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.35 and a current ratio of 1.39. The firm has a market cap of $891,001.81, a P/E ratio of 18.75, a PEG ratio of 1.42 and a beta of 1.23. Apple has a 12 month low of $104.08 and a 12 month high of $174.26.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The company 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%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $1.50 EPS. equities research analysts predict that Apple will post 11.11 earnings per share for the current fiscal year.

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In related news, insider Johny Srouji sold 5,892 shares of Apple stock in a transaction dated Monday, August 28th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP D Bruce Sewell sold 31,625 shares of Apple stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $158.13, for a total transaction of $5,000,861.25. Following the sale, the senior vice president now owns 112,430 shares of the company’s stock, valued at approximately $17,778,555.90. The disclosure for this sale can be found here. Insiders have sold a total of 541,177 shares of company stock valued at $85,864,804 in the last quarter. 0.08% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in AAPL. Janus Henderson Group PLC lifted its holdings in Apple by 301.3% during the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after buying an additional 15,018,790 shares in the last quarter. Harbour Capital Advisors LLC lifted its holdings in Apple by 14,030.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock valued at $31,352,000 after buying an additional 4,483,360 shares in the last quarter. Capital Research Global Investors lifted its holdings in Apple by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after buying an additional 3,845,363 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Apple by 200.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,765,574 shares of the iPhone maker’s stock valued at $686,338,000 after buying an additional 3,178,809 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Apple by 25.3% during the 2nd quarter. Principal Financial Group Inc. now owns 10,582,632 shares of the iPhone maker’s stock valued at $1,524,110,000 after buying an additional 2,138,928 shares in the last quarter. 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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