Apple (AAPL) Earns Sell Rating from Stifel Nicolaus
Apple (NASDAQ:AAPL)‘s stock had its “sell” rating restated by analysts at Stifel Nicolaus in a research note issued to investors on Wednesday, The Fly reports. They presently have a $26.00 price target on the iPhone maker’s stock, up from their prior price target of $22.00. Stifel Nicolaus’ price target would indicate a potential downside of 84.95% from the stock’s previous close.
Several other equities analysts also recently weighed in on AAPL. Bank of America reissued a “buy” rating and set a $180.00 price target on shares of Apple in a research report on Tuesday, September 26th. Rosenblatt Securities restated a “neutral” rating and set a $150.00 price objective on shares of Apple in a report on Thursday, September 21st. Sanford C. Bernstein restated a “buy” rating and set a $175.00 price objective on shares of Apple in a report on Tuesday, September 26th. Raymond James Financial restated an “outperform” rating and set a $180.00 price objective (up previously from $170.00) on shares of Apple in a report on Tuesday, September 26th. Finally, Vetr cut Apple from a “buy” rating to a “hold” rating and set a $178.34 price objective on the stock. in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $197.57.
Apple (NASDAQ AAPL) traded up $1.10 during trading on Wednesday, reaching $172.80. The company’s stock had a trading volume of 8,706,814 shares, compared to its average volume of 27,247,959. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $886,541.63, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22. Apple has a one year low of $113.75 and a one year high of $176.24.
In other Apple news, insider Philip W. Schiller sold 56,808 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total transaction of $8,788,197.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 232,967 shares of company stock worth $37,944,683. Company insiders own 0.08% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of Apple in the second quarter worth $400,000. Blue Sky Asset Management LLC bought a new stake in Apple in the second quarter worth $108,000. FNY Managed Accounts LLC boosted its holdings in Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 716 shares in the last quarter. Hefty Wealth Partners boosted its holdings in Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 174 shares in the last quarter. Finally, Armbruster Capital Management Inc. boosted its holdings in Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after purchasing an additional 78 shares in the last quarter. 59.78% of the stock is currently owned by institutional investors.
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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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