Apple Inc. (AAPL) Given “Hold” Rating at Deutsche Bank AG
Apple Inc. (NASDAQ:AAPL)‘s stock had its “hold” rating reissued by research analysts at Deutsche Bank AG in a research report issued on Friday. They currently have a $152.00 target price on the iPhone maker’s stock. Deutsche Bank AG’s price target would suggest a potential downside of 11.88% from the company’s current price.
Other analysts also recently issued research reports about the company. Oppenheimer Holdings, Inc. restated a “” rating on shares of Apple in a research note on Thursday, August 10th. Guggenheim restated a “buy” rating and set a $180.00 target price on shares of Apple in a research note on Friday, July 21st. UBS AG restated a “buy” rating and set a $170.00 target price on shares of Apple in a research note on Friday, July 21st. J P Morgan Chase & Co set a $165.00 target price on Apple and gave the company a “buy” rating in a research note on Wednesday, July 19th. Finally, Vetr downgraded Apple from a “strong-buy” rating to a “buy” rating and set a $165.66 target price for the company. in a research note on Tuesday, July 18th. Seven research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. Apple presently has a consensus rating of “Buy” and a consensus price target of $198.38.
Apple (AAPL) traded up $4.39 on Friday, hitting $172.50. The stock had a trading volume of 58,683,826 shares, compared to its average volume of 25,147,278. The company has a market cap of $891,001.81, a P/E ratio of 18.75, a PEG ratio of 1.42 and a beta of 1.23. Apple has a 52 week low of $104.08 and a 52 week high of $174.26. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.35 and a current ratio of 1.39.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.36% and a net margin of 21.09%. The company had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. During the same quarter in the prior year, the company posted $1.50 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. research analysts predict that Apple will post 11.11 EPS for the current year.
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In related news, Director Arthur D. Levinson sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $157.58, for a total value of $5,515,300.00. Following the transaction, the director now owns 1,168,283 shares of the company’s stock, valued at approximately $184,098,035.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 268,623 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 541,177 shares of company stock worth $85,864,804. 0.08% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. HL Financial Services LLC increased its stake in Apple by 0.7% in the 3rd quarter. HL Financial Services LLC now owns 1,465,550 shares of the iPhone maker’s stock valued at $225,872,000 after buying an additional 9,714 shares during the last quarter. Capco Asset Management LLC increased its stake in Apple by 1.6% in the 3rd quarter. Capco Asset Management LLC now owns 95,029 shares of the iPhone maker’s stock valued at $14,646,000 after buying an additional 1,480 shares during the last quarter. Courier Capital LLC increased its stake in Apple by 52.7% in the 3rd quarter. Courier Capital LLC now owns 153,047 shares of the iPhone maker’s stock valued at $23,587,000 after buying an additional 52,820 shares during the last quarter. Alps Advisors Inc. increased its stake in Apple by 12.3% in the 3rd quarter. Alps Advisors Inc. now owns 26,974 shares of the iPhone maker’s stock valued at $4,157,000 after buying an additional 2,959 shares during the last quarter. Finally, Berkshire Money Management Inc. purchased a new stake in Apple in the 3rd quarter valued at about $251,000. 60.33% 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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