Several other equities research analysts have also weighed in on the company. UBS set a $190.00 price objective on Apple and gave the stock a buy rating in a research note on Monday, November 27th. Nomura set a $185.00 price objective on Apple and gave the stock a buy rating in a research note on Monday, November 27th. Wells Fargo & Company reissued a market perform rating and set a $195.00 price objective on shares of Apple in a research note on Tuesday, November 14th. Argus raised their price objective on Apple from $185.00 to $210.00 and gave the stock a buy rating in a research note on Monday, November 6th. Finally, KeyCorp reissued a buy rating and set a $192.00 price objective on shares of Apple in a research note on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $200.27.
Shares of Apple (NASDAQ:AAPL) opened at $169.80 on Friday. The firm has a market capitalization of $871,810.00, a price-to-earnings ratio of 18.59, a PEG ratio of 1.37 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. Apple has a one year low of $108.25 and a one year high of $176.24.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 annualized dividend and a dividend yield of 1.48%. Apple’s dividend payout ratio is 27.42%.
In other Apple news, insider Angela J. Ahrendts sold 63,388 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Johny Srouji sold 5,760 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total value of $1,004,544.00. Following the transaction, the senior vice president now owns 81,560 shares in the company, valued at $14,224,064. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 217,326 shares of company stock valued at $35,290,561. 0.08% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Apple in the second quarter worth about $400,000. Blue Sky Asset Management LLC bought a new position in shares of Apple in the second quarter worth about $108,000. FNY Managed Accounts LLC increased its stake in shares of Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 716 shares during the period. Hefty Wealth Partners increased its stake in shares of Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 174 shares during the period. Finally, American Beacon Advisors Inc. bought a new position in shares of Apple in the first quarter worth about $117,000. Institutional investors own 59.56% of the company’s stock.
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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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