Apple’s (AAPL) “Strong-Buy” Rating Reaffirmed at Tigress Financial
Apple (NASDAQ:AAPL)‘s stock had its “strong-buy” rating reiterated by equities research analysts at Tigress Financial in a research report issued on Wednesday.
Other analysts have also issued reports about the stock. Barclays reaffirmed a “hold” rating and issued a $146.00 price target on shares of Apple in a research note on Monday, September 4th. Royal Bank Of Canada restated an “outperform” rating and issued a $180.00 price target on shares of Apple in a research report on Monday, September 11th. Morgan Stanley reiterated an “overweight” rating and issued a $194.00 price objective (up previously from $182.00) on shares of Apple in a research note on Tuesday, September 12th. Mizuho set a $160.00 price objective on shares of Apple and gave the company a “hold” rating in a research note on Wednesday, October 18th. Finally, Vetr lowered shares of Apple from a “buy” rating to a “hold” rating and set a $178.34 price target on the stock. in a research note on Friday, December 1st. Seven investment analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $200.27.
Apple (NASDAQ AAPL) traded down $0.63 during mid-day trading on Wednesday, hitting $169.01. 28,392,718 shares of the stock were exchanged, compared to its average volume of 27,264,920. Apple has a 52 week low of $109.16 and a 52 week high of $176.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. The firm has a market cap of $871,806.19, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 1.36 and a beta of 1.22.
In related news, insider Eduardo H. Cue sold 65,361 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total value of $11,215,947.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Philip W. Schiller sold 56,808 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total value of $8,788,197.60. The disclosure for this sale can be found here. Insiders have sold a total of 217,326 shares of company stock worth $35,290,561 over the last 90 days. Company insiders own 0.08% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Berkshire Hathaway Inc. grew its holdings in Apple by 0.6% during the 2nd quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after buying an additional 834,854 shares in the last quarter. Capital Research Global Investors grew its holdings in Apple by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after buying an additional 3,845,363 shares in the last quarter. Legal & General Group Plc grew its holdings in Apple by 1.1% during the 3rd quarter. Legal & General Group Plc now owns 26,393,202 shares of the iPhone maker’s stock valued at $4,067,559,000 after buying an additional 287,027 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Apple by 9.3% during the 3rd quarter. Janus Henderson Group PLC now owns 21,854,159 shares of the iPhone maker’s stock valued at $3,367,571,000 after acquiring an additional 1,850,572 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Apple by 0.4% during the 3rd quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock valued at $2,966,581,000 after acquiring an additional 79,100 shares during the last quarter. Institutional investors own 59.56% 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.
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.