Apple Inc. (NASDAQ:AAPL)‘s stock had its “buy” rating reissued by investment analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Tuesday.
Other large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Apple during the fourth quarter worth $5,068,068,000. Agran Libbie raised its stake in Apple by 9,945.6% in the fourth quarter. Agran Libbie now owns 21,121,496 shares of the iPhone maker’s stock worth $22,232,000 after buying an additional 20,911,240 shares during the last quarter. Magellan Asset Management Ltd purchased a new stake in Apple during the fourth quarter worth $745,014,000. Nordea Investment Management AB raised its stake in Apple by 87.4% in the second quarter. Nordea Investment Management AB now owns 10,195,750 shares of the iPhone maker’s stock worth $974,714,000 after buying an additional 4,755,361 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new stake in Apple during the first quarter worth $325,287,000.
Apple (NASDAQ:AAPL) traded down 0.69% on Tuesday, reaching $96.67. The company’s stock had a trading volume of 56,239,822 shares. The firm has a 50 day moving average of $96.93 and a 200 day moving average of $99.26. The firm has a market cap of $529.50 billion and a price-to-earnings ratio of 10.76. Apple has a 12 month low of $89.47 and a 12 month high of $123.82.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 11th. Stockholders of record on Monday, August 8th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.36%.
A number of other research analysts have also recently commented on AAPL. Raymond James Financial Inc. restated a “hold” rating on shares of Apple in a research note on Saturday, July 9th. Barclays PLC reaffirmed a “buy” rating on shares of Apple in a research report on Sunday, July 17th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $150.00 price objective on shares of Apple in a research report on Sunday, July 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Apple in a research report on Friday, June 3rd. Finally, Piper Jaffray Cos. reaffirmed a “buy” rating and set a $153.00 price objective on shares of Apple in a research report on Sunday, May 22nd. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and forty-five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $125.62.
In related news, SVP D Bruce Sewell sold 103,300 shares of the firm’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $96.78, for a total transaction of $9,997,374.00. Following the completion of the sale, the senior vice president now directly owns 239,432 shares of the company’s stock, valued at approximately $23,172,228.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Angela J. Ahrendts sold 50,000 shares of the firm’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $100.00, for a total transaction of $5,000,000.00. Following the sale, the senior vice president now directly owns 147,971 shares of the company’s stock, valued at $14,797,100. The disclosure for this sale can be found here.
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.
