Apple (AAPL) Downgraded by Vetr

Vetr cut shares of Apple (NASDAQ:AAPL) from a buy rating to a hold rating in a report issued on Friday. Vetr currently has $178.34 target price on the iPhone maker’s stock.

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.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.20. The business had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $1.50 EPS. research analysts anticipate that Apple will post 11.18 earnings per share for the current year.

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.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.com-unik.info/2017/12/05/apple-aapl-downgraded-by-vetr.html.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Apple (NASDAQ:AAPL)

What are top analysts saying about Apple Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Apple Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit