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.
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.
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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