TD Cowen Issues Positive Forecast for Apple (NASDAQ:AAPL) Stock Price

Apple (NASDAQ:AAPL) had its price objective increased by TD Cowen from $350.00 to $400.00 in a research note published on Friday, Marketbeat Ratings reports. TD Cowen currently has a buy rating on the iPhone maker’s stock.

A number of other research firms have also recently issued reports on AAPL. UBS Group reissued a “neutral” rating on shares of Apple in a research note on Friday. Barclays reaffirmed an “underweight” rating and issued a $245.00 price target (down from $253.00) on shares of Apple in a research note on Friday. Robert W. Baird increased their price objective on shares of Apple from $310.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Apple in a report on Wednesday, July 15th. Finally, Bank of America restated a “buy” rating and set a $380.00 price objective on shares of Apple in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $331.60.

Apple Stock Performance

AAPL stock opened at $308.91 on Friday. Apple has a 1-year low of $201.50 and a 1-year high of $344.57. 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 firm has a market cap of $4.54 trillion, a PE ratio of 35.43, a P/E/G ratio of 2.88 and a beta of 1.10. The business’s 50-day moving average price is $309.51 and its two-hundred day moving average price is $281.45.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 142.29% and a net margin of 27.62%.The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.57 earnings per share. As a group, research analysts forecast that Apple will post 8.76 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple’s dividend payout ratio is 12.39%.

Insiders Place Their Bets

In other news, insider Ben Borders sold 1,274 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the completion of the transaction, the insider directly owned 38,713 shares of the company’s stock, valued at $11,226,770. This trade represents a 3.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by company insiders.

Institutional Trading of Apple

Institutional investors have recently made changes to their positions in the business. Rainier Family Wealth Inc. boosted its position in shares of Apple by 14.1% in the first quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker’s stock valued at $6,189,000 after acquiring an additional 3,014 shares during the period. Torren Management LLC bought a new position in Apple during the fourth quarter worth about $1,178,000. Summit Wealth Partners LLC increased its position in Apple by 108.3% during the first quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker’s stock worth $8,880,000 after acquiring an additional 18,188 shares during the period. Adventist Health System Sunbelt Healthcare Corp acquired a new stake in Apple in the 4th quarter worth about $105,482,000. Finally, KBC Group NV boosted its holdings in Apple by 3.1% in the 4th quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker’s stock valued at $1,915,172,000 after purchasing an additional 214,215 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported record June-quarter revenue of $109.4 billion, up 16.4% year over year, and diluted EPS of $2.02, exceeding Wall Street expectations. iPhone revenue rose 22% to $54.3 billion, while Mac revenue increased 29% to $10.4 billion. Apple reports third quarter results
• Positive Sentiment: Apple’s large installed base, strong hardware demand and potential consumer-AI opportunities remain long-term supports. Some analysts remain bullish: TD Cowen raised its price target to $400, while other firms maintained Buy or Overweight ratings despite trimming estimates. Analyst raises Apple price target
• Positive Sentiment: The company declared a quarterly dividend of $0.27 per share, payable August 13 to shareholders of record August 10. Apple also continues to emphasize an AI strategy that requires less capital spending than the infrastructure-heavy approach used by some peers. Apple Q3 financial results

About Apple

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.