Apple Inc. (NASDAQ:AAPL)‘s stock had its “neutral” rating restated by stock analysts at Mizuho in a research note issued on Wednesday. They presently have a $150.00 price objective on the iPhone maker’s stock. Mizuho’s price objective indicates a potential downside of 1.79% from the company’s current price.

AAPL has been the topic of a number of other reports. UBS AG boosted their target price on Apple from $165.00 to $200.00 in a report on Sunday, April 2nd. Bank of America Corporation reissued a “buy” rating and set a $180.00 target price (up from $155.00) on shares of Apple in a report on Friday, May 12th. Wells Fargo & Company reissued a “market perform” rating and set a $140.00 target price on shares of Apple in a report on Saturday. Goldman Sachs Group, Inc. (The) set a $170.00 target price on Apple and gave the stock a “buy” rating in a report on Saturday, May 20th. Finally, Morgan Stanley reissued an “overweight” rating and set a $177.00 target price on shares of Apple in a report on Friday, June 16th. Twelve analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Apple has an average rating of “Buy” and a consensus target price of $159.22.

Shares of Apple (NASDAQ AAPL) traded up 0.72% during trading on Wednesday, reaching $153.84. The company’s stock had a trading volume of 3,681,741 shares. The stock’s 50 day moving average price is $147.28 and its 200 day moving average price is $141.20. Apple has a 52 week low of $96.42 and a 52 week high of $156.65. The company has a market cap of $802.10 billion, a PE ratio of 18.05 and a beta of 1.31.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.08. The firm had revenue of $52.90 billion for the quarter, compared to analyst estimates of $52.61 billion. Apple had a return on equity of 35.09% and a net margin of 20.74%. Equities research analysts predict that Apple will post $8.89 EPS for the current year.

Apple declared that its board has approved a stock buyback program on Tuesday, May 2nd that authorizes the company to repurchase $50.00 billion in shares. This repurchase authorization authorizes the iPhone maker to buy up to 6.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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In related news, insider Angela J. Ahrendts sold 75,000 shares of Apple stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $147.98, for a total value of $11,098,500.00. Following the completion of the transaction, the insider now owns 154,116 shares in the company, valued at $22,806,085.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel J. Riccio sold 11,949 shares of Apple stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $142.86, for a total value of $1,707,034.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 373,000 shares of company stock valued at $56,497,046. 0.08% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAPL. Hefty Wealth Partners raised its position in Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 174 shares in the last quarter. American Beacon Advisors Inc. bought a new position in Apple during the first quarter valued at approximately $117,000. State of Alaska Department of Revenue bought a new position in Apple during the second quarter valued at approximately $149,000. Glacier Peak Capital LLC bought a new position in Apple during the fourth quarter valued at approximately $127,000. Finally, Portfolio Solutions LLC bought a new position in Apple during the first quarter valued at approximately $169,000. Institutional investors own 61.23% 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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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