The stock presently has a consensus rating of "Buy" and a consensus price target of $167.35.
ILLEGAL ACTIVITY WARNING: "Apple's (AAPL) Buy Rating Reiterated at Drexel Hamilton" was reported by StockNewsTimes and is owned by of StockNewsTimes. Drexel Hamilton restated a "buy" rating and set a $202.00 price objective on shares of Apple in a research note on Thursday, July 6th. Pinnacle Bank purchased a fresh position in stocks of Apple during the Q1 valued about $1,924,000.
Shares of Apple (AAPL) traded up 1.39% during trading on Wednesday, reaching $157.48. 26,257,096 shares of the company were exchanged. The stock has a market capitalization of $813.42 billion, a price-to-earnings ratio of 17.88 and a beta of 1.31. The firm has a 50 day moving average of $149.92 and a 200 day moving average of $144.27. Apple has a 52-week low of $102.53 and a 52-week high of $161.83.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, August 1st. Apple had a return on equity of 35.40% and a net margin of 20.87%. This hints at increased functionality for the Camera app, one that's already expected to utilize the Status Bar mentioned above. On average, equities analysts expect that Apple will post $9.02 earnings per share for the current fiscal year.
Shares of Apple Inc. "(AAPL)" was first published by Markets Daily and is the property of of Markets Daily. Apple comprises about 1.2% of Keel Point LLC's holdings, making the stock its 23rd largest position. Reports have confirmed that the iPhone 8's production will be ramped up to 45 million to 50 million units later this year. It's hard to even describe this colour. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.
On its left and right sides, there will be functional keys. Stockholders of record on Monday, August 14th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.60%. Apple's dividend payout ratio is 28.64%.
In other news, insider Daniel J. Riccio sold 11,949 shares of the company's stock in a transaction that occurred on Tuesday, May 16th. Following the completion of the sale, the insider now directly owns 23,998 shares of the company's stock, valued at approximately $3,726,169.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The stock was sold at an average price of $154.70, for a total transaction of $735,907.90. Following the transaction, the director now owns 1,168,283 shares in the company, valued at $184,098,035.14.
According to The Independent, rumors of delays are just that - rumors.
A number of institutional investors have recently made changes to their positions in the company. Integre Asset Management LLC now owns 52,977 shares of the iPhone maker's stock valued at $6,136,000 after buying an additional 1,821 shares in the last quarter. Hefty Wealth Partners boosted its stake in Apple by 27.6% in the second quarter. Fairview Capital Investment Management LLC now owns 13,481 shares of the iPhone maker's stock worth $1,561,000 after buying an additional 350 shares during the last quarter. American Beacon Advisors Inc. bought a new position in Apple during the first quarter valued at about $117,000. "Either of these naming schemes would make all three new iPhones sound new", the analyst asserted. Insiders have sold 299,911 shares of company stock valued at $46,557,634 in the last ninety days.
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