Apple (NASDAQ:AAPL) has been assigned a $195.00 price target by stock analysts at Sanford C. Bernstein in a report issued on Wednesday. The firm presently has a “buy” rating on the iPhone maker’s stock. Sanford C. Bernstein’s price target points to a potential upside of 10.14% from the stock’s previous close.
Several other research analysts have also commented on AAPL. Bank of America reiterated a “buy” rating and issued a $180.00 target price on shares of Apple in a research report on Tuesday, September 26th. Raymond James Financial reiterated an “outperform” rating and issued a $180.00 target price (up previously from $170.00) on shares of Apple in a research report on Tuesday, September 26th. Mizuho reiterated a “neutral” rating and issued a $150.00 target price on shares of Apple in a research report on Wednesday, September 27th. Deutsche Bank reiterated a “hold” rating and issued a $140.00 target price on shares of Apple in a research report on Thursday, September 28th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $180.00 target price on shares of Apple in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $200.81.
Shares of Apple (NASDAQ:AAPL) traded up $0.04 on Wednesday, hitting $177.04. The stock had a trading volume of 32,689,100 shares, compared to its average volume of 26,581,467. The firm has a market cap of $899,530.00, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Apple has a one year low of $119.50 and a one year high of $180.10.
In other news, SVP Johny Srouji sold 5,760 shares of Apple stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the transaction, the senior vice president now owns 81,560 shares in the company, valued at $14,224,064. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total value of $2,695,726.35. Following the transaction, the insider now owns 39,682 shares in the company, valued at approximately $6,839,192.70. The disclosure for this sale can be found here. Insiders have sold 128,412 shares of company stock worth $22,115,155 over the last ninety days. 0.06% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Stone House Investment Management LLC grew its stake in Apple by 0.4% in the second quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock valued at $226,000 after purchasing an additional 6 shares in the last quarter. Jackson Grant Investment Advisers Inc. grew its stake in Apple by 0.3% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock valued at $782,000 after purchasing an additional 17 shares in the last quarter. Karp Capital Management Corp grew its stake in Apple by 1.6% in the second quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock valued at $206,000 after purchasing an additional 22 shares in the last quarter. Welch Investments LLC grew its stake in Apple by 1.5% in the second quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock valued at $231,000 after purchasing an additional 23 shares in the last quarter. Finally, Berkeley Capital Partners LLC boosted its stake in shares of Apple by 0.6% during the 2nd quarter. Berkeley Capital Partners LLC now owns 4,369 shares of the iPhone maker’s stock worth $629,000 after acquiring an additional 26 shares in the last quarter. Institutional investors and hedge funds own 60.20% of the company’s stock.
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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.
