Apple Inc. (NASDAQ:AAPL) had its price target hoisted by analysts at Royal Bank Of Canada from $180.00 to $182.00 in a report issued on Thursday. The firm currently has a “buy” rating on the iPhone maker’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 14.00% from the company’s current price.

Several other research firms have also recently issued reports on AAPL. Drexel Hamilton restated a “buy” rating and set a $202.00 price objective on shares of Apple in a research report on Thursday, July 6th. Barclays PLC restated a “hold” rating and set a $146.00 price objective on shares of Apple in a research report on Monday, September 4th. Instinet restated a “buy” rating and set a $165.00 price objective on shares of Apple in a research report on Wednesday, July 5th. Morgan Stanley restated an “overweight” rating and set a $182.00 price objective on shares of Apple in a research report on Tuesday. Finally, Credit Suisse Group restated an “outperform” rating and set a $170.00 price objective on shares of Apple in a research report on Tuesday, July 25th. Eleven research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $187.63.

Shares of Apple (NASDAQ AAPL) traded down 0.58% during trading on Thursday, reaching $158.73. 13,585,986 shares of the company traded hands. The firm has a 50 day moving average of $158.37 and a 200 day moving average of $149.12. Apple has a 52 week low of $104.08 and a 52 week high of $164.94. The stock has a market capitalization of $819.88 billion, a PE ratio of 18.02 and a beta of 1.27.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. The firm had revenue of $45.41 billion for the quarter, compared to the consensus estimate of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the firm posted $1.42 earnings per share. On average, equities analysts predict that Apple will post $9.01 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This news story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/09/14/apple-inc-aapl-pt-raised-to-182-00.html.

In related news, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Johny Srouji sold 10,469 shares of Apple stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $162.20, for a total value of $1,698,071.80. Following the transaction, the senior vice president now directly owns 76,250 shares in the company, valued at $12,367,750. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 432,930 shares of company stock worth $69,008,577. 0.08% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in AAPL. Willis Investment Counsel grew its holdings in Apple by 5.7% during the fourth quarter. Willis Investment Counsel now owns 159,435 shares of the iPhone maker’s stock worth $18,466,000 after acquiring an additional 8,600 shares during the period. Sandler Capital Management grew its holdings in Apple by 29.9% during the fourth quarter. Sandler Capital Management now owns 6,785 shares of the iPhone maker’s stock worth $786,000 after acquiring an additional 1,560 shares during the period. Miles Capital Inc. grew its holdings in Apple by 1.8% during the fourth quarter. Miles Capital Inc. now owns 19,439 shares of the iPhone maker’s stock worth $2,251,000 after acquiring an additional 343 shares during the period. AE Wealth Management LLC acquired a new position in Apple during the fourth quarter worth about $2,250,000. Finally, CMH Wealth Management LLC acquired a new position in Apple during the fourth quarter worth about $3,455,000. 60.45% of the stock is currently owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with MarketBeat.com's FREE daily email newsletter.