Vetr cut shares of Apple (NASDAQ:AAPL) from a buy rating to a hold rating in a research note issued to investors on Tuesday, March 6th. Vetr currently has $183.68 price objective on the iPhone maker’s stock.
Several other equities research analysts have also recently commented on AAPL. BMO Capital Markets cut Apple from an outperform rating to a market perform rating and increased their price target for the company from $162.00 to $166.00 in a report on Wednesday, January 31st. Morningstar set a $170.00 price target on Apple and gave the company a neutral rating in a report on Friday, February 2nd. Zacks Investment Research cut Apple from a buy rating to a hold rating in a research note on Monday, January 8th. Sanford C. Bernstein set a $195.00 target price on Apple and gave the stock a buy rating in a research note on Tuesday, January 30th. Finally, BidaskClub raised Apple from a sell rating to a hold rating in a research note on Saturday, February 17th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. Apple currently has a consensus rating of Buy and an average target price of $202.62.
Shares of NASDAQ AAPL traded up $1.30 during midday trading on Tuesday, hitting $167.78. The stock had a trading volume of 38,398,505 shares, compared to its average volume of 33,765,096. The company has a market cap of $851,317.94, a PE ratio of 18.22, a price-to-earnings-growth ratio of 1.27 and a beta of 1.19. Apple has a 1 year low of $140.06 and a 1 year high of $183.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20.
In related news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $174.78, for a total value of $2,733,733.98. Following the sale, the insider now owns 13,739 shares of the company’s stock, valued at approximately $2,401,302.42. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.08% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its stake in shares of Apple by 301.3% during the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after purchasing an additional 15,018,790 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Apple by 50.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 13,228,306 shares of the iPhone maker’s stock worth $2,238,624,000 after purchasing an additional 4,448,509 shares during the period. Truepoint Inc. lifted its stake in shares of Apple by 15,559.4% during the 3rd quarter. Truepoint Inc. now owns 4,436,774 shares of the iPhone maker’s stock worth $4,437,000 after purchasing an additional 4,408,441 shares during the period. Capital Research Global Investors lifted its stake in shares of Apple by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after purchasing an additional 3,845,363 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of Apple by 9,166.4% during the 3rd quarter. Stifel Financial Corp now owns 3,883,754 shares of the iPhone maker’s stock worth $598,497,000 after purchasing an additional 3,841,842 shares during the period. 61.35% of the stock is currently owned by hedge funds and other 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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