Apple Inc. (AAPL) Given a $160.00 Price Target by Mizuho Analysts

Mizuho set a $160.00 target price on Apple Inc. (NASDAQ:AAPL) in a research note issued to investors on Wednesday morning. The brokerage currently has a hold rating on the iPhone maker’s stock.

AAPL has been the topic of a number of other reports. UBS AG reissued a buy rating and issued a $170.00 price objective on shares of Apple in a research note on Friday, June 23rd. BMO Capital Markets reissued an outperform rating and issued a $170.00 price objective on shares of Apple in a research note on Tuesday, July 25th. Nomura reissued a buy rating and issued a $165.00 price objective on shares of Apple in a research note on Wednesday, July 5th. Barclays PLC reissued a hold rating and issued a $146.00 price objective on shares of Apple in a research note on Tuesday, August 15th. Finally, Vetr raised Apple from a hold rating to a buy rating and set a $166.96 price objective on the stock in a research note on Thursday, August 17th. Seven equities research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company. Apple currently has an average rating of Buy and an average target price of $190.67.

Apple (NASDAQ:AAPL) opened at 156.25 on Wednesday. Apple has a 1-year low of $104.08 and a 1-year high of $164.94. The firm has a market cap of $807.07 billion, a price-to-earnings ratio of 17.74 and a beta of 1.27. The firm has a 50-day moving average price of $157.09 and a 200 day moving average price of $152.10.

Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. The firm had revenue of $45.41 billion for the quarter, compared to the consensus estimate of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.42 EPS. Equities analysts predict that Apple will post $9.01 earnings per share for the current year.

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In other news, insider Craig Federighi sold 63,163 shares of Apple stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $158.07, for a total value of $9,984,175.41. Following the sale, the insider now owns 359,988 shares in the company, valued at $56,903,303.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 541,177 shares of company stock worth $85,864,804. Company insiders own 0.08% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Stone House Investment Management LLC lifted its stake in shares of Apple by 0.4% in the second quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after buying an additional 6 shares in the last quarter. FC Advisory LLC lifted its stake in shares of Apple by 0.4% in the second quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock worth $371,000 after buying an additional 10 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its stake in shares of Apple by 0.3% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after buying an additional 17 shares in the last quarter. Stonehearth Capital Management LLC lifted its stake in shares of Apple by 0.8% in the first quarter. Stonehearth Capital Management LLC now owns 2,378 shares of the iPhone maker’s stock worth $342,000 after buying an additional 20 shares in the last quarter. Finally, Lenox Wealth Advisors Inc. lifted its stake in shares of Apple by 0.4% in the second quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock worth $716,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 60.33% of the company’s stock.

About Apple

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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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