Apple (AAPL) Stock Rating Reaffirmed by William Blair

William Blair reissued their outperform rating on shares of Apple (NASDAQ:AAPL) in a research note published on Friday morning.

Several other equities research analysts have also weighed in on the company. KeyCorp reissued an equal weight rating on shares of Apple in a research report on Sunday. Morgan Stanley raised their target price on Apple from $200.00 to $203.00 and gave the stock an overweight rating in a research report on Friday. Morningstar set a $170.00 target price on Apple and gave the stock a neutral rating in a research report on Friday. Needham & Company LLC raised their target price on Apple to $210.00 and gave the stock a buy rating in a research report on Friday. Finally, UBS Group set a $190.00 target price on Apple and gave the stock a buy rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $201.91.

Apple (NASDAQ:AAPL) opened at $156.49 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20. Apple has a 52 week low of $128.90 and a 52 week high of $180.10. The stock has a market capitalization of $803,470.00, a PE ratio of 16.10, a PEG ratio of 1.28 and a beta of 1.33.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.82 by $0.07. Apple had a return on equity of 37.37% and a net margin of 21.13%. The business had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. During the same quarter last year, the company earned $3.36 EPS. The business’s quarterly revenue was up 12.7% on a year-over-year basis. sell-side analysts expect that Apple will post 11.3 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 12th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Friday, February 9th. Apple’s payout ratio is currently 25.93%.

In other news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $174.78, for a total value of $2,733,733.98. Following the transaction, the insider now owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Johny Srouji sold 5,760 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now directly owns 81,560 shares in the company, valued at approximately $14,224,064. The disclosure for this sale can be found here. In the last three months, insiders sold 128,412 shares of company stock worth $22,115,155. Corporate insiders own 0.06% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of Apple in the second quarter valued at approximately $400,000. Blue Sky Asset Management LLC purchased a new stake in shares of Apple in the second quarter valued at approximately $108,000. FNY Managed Accounts LLC boosted 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 valued at $115,000 after buying an additional 716 shares in the last quarter. Armbruster Capital Management Inc. boosted its stake in shares of Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after buying an additional 78 shares in the last quarter. Finally, Oak Point Wealth Management purchased a new stake in Apple during the fourth quarter worth $163,000. 60.23% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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