Apple (AAPL) Given Buy Rating at KeyCorp
Apple (NASDAQ:AAPL)‘s stock had its “buy” rating reissued by stock analysts at KeyCorp in a report issued on Thursday. They currently have a $192.00 price objective on the iPhone maker’s stock. KeyCorp’s price objective would suggest a potential upside of 13.60% from the company’s previous close.
Other research analysts also recently issued reports about the company. Oppenheimer reissued a “” rating on shares of Apple in a research note on Thursday, August 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $180.00 price target on shares of Apple in a research note on Tuesday, August 22nd. Longbow Research reaffirmed a “buy” rating and set a $173.00 price target on shares of Apple in a research note on Friday, August 11th. Vetr raised Apple from a “hold” rating to a “buy” rating and set a $165.48 price target on the stock in a research note on Thursday, August 10th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $208.00 price target on shares of Apple in a research note on Wednesday, August 9th. Seven investment analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Apple has a consensus rating of “Buy” and a consensus target price of $200.27.
Apple (AAPL) traded down $0.63 during midday trading on Thursday, hitting $169.01. The company’s stock had a trading volume of 28,560,000 shares, compared to its average volume of 27,270,385. Apple has a 1 year low of $109.16 and a 1 year high of $176.24. The company has a market cap of $872,060.00, a price-to-earnings ratio of 18.44, a PEG ratio of 1.36 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23.
In other news, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the transaction, the insider now owns 39,682 shares in the company, valued at $6,839,192.70. The disclosure for this sale can be found here. Insiders sold a total of 217,326 shares of company stock valued at $35,290,561 in the last ninety days. 0.08% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the business. Vista Private Wealth Partners. LLC acquired a new stake in Apple during the third quarter valued at $329,000. Sage Capital Advisors llc grew its position in shares of Apple by 58.0% in the third quarter. Sage Capital Advisors llc now owns 27,157 shares of the iPhone maker’s stock valued at $4,185,000 after purchasing an additional 9,972 shares during the period. Shelton Capital Management grew its position in shares of Apple by 2.3% in the third quarter. Shelton Capital Management now owns 437,397 shares of the iPhone maker’s stock valued at $67,412,000 after purchasing an additional 9,758 shares during the period. Burgundy Asset Management Ltd. grew its position in shares of Apple by 0.3% in the third quarter. Burgundy Asset Management Ltd. now owns 1,062,892 shares of the iPhone maker’s stock valued at $163,813,000 after purchasing an additional 2,830 shares during the period. Finally, Chicago Partners Investment Group LLC grew its position in shares of Apple by 2.4% in the third quarter. Chicago Partners Investment Group LLC now owns 34,445 shares of the iPhone maker’s stock valued at $5,309,000 after purchasing an additional 804 shares during the period. Institutional investors and hedge funds 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.
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