Apple Inc. (NASDAQ:AAPL – Free Report) – Investment analysts at Erste Group Bank raised their FY2026 earnings per share (EPS) estimates for Apple in a research note issued to investors on Wednesday, July 15th. Erste Group Bank analyst H. Engel now forecasts that the iPhone maker will post earnings of $8.75 per share for the year, up from their previous forecast of $8.74. The consensus estimate for Apple’s current full-year earnings is $8.76 per share. Erste Group Bank also issued estimates for Apple’s FY2027 earnings at $9.56 EPS.
AAPL has been the topic of several other research reports. TD Cowen increased their price objective on Apple from $335.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. HSBC raised shares of Apple from a “hold” rating to a “buy” rating and set a $366.00 target price for the company in a research report on Thursday. KeyCorp downgraded Apple from a “sector weight” rating to an “underweight” rating and set a $250.00 price target for the company. in a report on Tuesday. Rosenblatt Securities restated a “neutral” rating and set a $276.00 price target on shares of Apple in a research note on Tuesday, June 9th. Finally, Royal Bank Of Canada set a $365.00 price objective on Apple in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $318.43.
Apple Trading Up 1.8%
NASDAQ AAPL opened at $333.26 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The stock has a market cap of $4.89 trillion, a PE ratio of 40.30, a PEG ratio of 2.84 and a beta of 1.10. The company’s 50-day moving average price is $302.80 and its 200-day moving average price is $276.70. Apple has a 12 month low of $201.50 and a 12 month high of $334.68.
Apple (NASDAQ:AAPL – Get Free Report) last released its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. The firm had revenue of $111.18 billion for the quarter, compared to analysts’ expectations of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.65 earnings per share.
Apple Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. This is a positive change from Apple’s previous quarterly dividend of $0.26. Apple’s dividend payout ratio is 13.06%.
Insider Buying and Selling
In related news, CFO Kevan Parekh sold 1,534 shares of the stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the sale, the chief financial officer directly owned 13,366 shares of the company’s stock, valued at approximately $3,675,650. This represents a 10.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ben Borders sold 116 shares of Apple stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the transaction, the insider directly owned 38,713 shares of the company’s stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 2,924 shares of company stock worth $825,546 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.
Institutional Investors Weigh In On Apple
Hedge funds have recently modified their holdings of the company. Evansbrook LLC lifted its position in shares of Apple by 0.4% during the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock valued at $2,054,000 after buying an additional 34 shares in the last quarter. JMG Financial Group Ltd. raised its position in Apple by 0.7% during the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock worth $1,295,000 after acquiring an additional 35 shares during the period. Reyes Financial Architecture Inc. lifted its holdings in Apple by 0.4% during the third quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker’s stock valued at $2,520,000 after purchasing an additional 37 shares in the last quarter. WESPAC Advisors LLC lifted its holdings in Apple by 0.3% during the fourth quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker’s stock valued at $3,351,000 after purchasing an additional 39 shares in the last quarter. Finally, Interactive Financial Advisors Inc. grew its position in shares of Apple by 4.0% in the fourth quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker’s stock valued at $286,000 after purchasing an additional 40 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.
Key Apple News
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple Intelligence received regulatory approval in China, clearing the way for a major AI rollout with local partners Alibaba and Baidu. Alibaba and Baidu shares jump in Hong Kong on Apple AI partnership
- Positive Sentiment: Reports that Apple is considering chip acquisitions suggest it wants to strengthen its AI server capabilities and close the gap in AI infrastructure. Apple chasing AI chip company deals, The Information reports
- Positive Sentiment: Apple’s expanded relationship with Broadcom is reinforcing confidence in its supply chain and custom silicon strategy. Apple Plans to Spend $30 Billion in a Deal With Broadcom (AVGO) – Reuters
- Neutral Sentiment: Apple’s lawsuit against OpenAI keeps the company in the headlines and could influence the broader AI ecosystem, but the stock impact is less certain. Apple’s Lawsuit Against OpenAI Could Ripple Across the AI Ecosystem And Put the AI Bubble to the Test
- Negative Sentiment: U.S. lawmakers are pushing to block Apple from sourcing memory chips from China’s CXMT, which could complicate Apple’s supply chain. Apple (AAPL) Faces Lawmaker Push To Block CXMT Memory Chip Sourcing
Apple Company Profile
Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.
Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.
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