Apple Inc. (AAPL) PT Set at $185.00 by Nomura

Nomura set a $185.00 price objective on Apple Inc. (NASDAQ:AAPL) in a research report sent to investors on Friday, November 3rd. The brokerage currently has a buy rating on the iPhone maker’s stock.

AAPL has been the topic of a number of other research reports. Vetr raised shares of Apple from a buy rating to a strong-buy rating and set a $173.06 price objective on the stock in a report on Friday, September 22nd. Rosenblatt Securities reissued a hold rating and set a $150.00 price objective on shares of Apple in a report on Sunday, October 15th. Citigroup Inc. reissued a buy rating and set a $200.00 price objective (up previously from $170.00) on shares of Apple in a report on Friday, November 3rd. They noted that the move was a valuation call. Bank of America Corporation reissued a buy rating and set a $180.00 price objective on shares of Apple in a report on Tuesday, September 26th. Finally, Pacific Crest raised shares of Apple from a sector weight rating to an overweight rating and set a $187.00 price objective on the stock in a report on Monday, October 16th. Seven investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $200.24.

Apple (AAPL) traded up $1.82 on Friday, hitting $174.96. 25,572,475 shares of the stock traded hands, compared to its average volume of 27,150,229. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Apple has a fifty-two week low of $108.25 and a fifty-two week high of $176.24. The company has a market cap of $898,300.00, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 1.36 and a beta of 1.25.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. The company’s revenue was up 12.2% on a year-over-year basis. sell-side analysts predict that Apple will post 11.18 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.44%. Apple’s payout ratio is presently 27.42%.

In other news, insider Philip W. Schiller sold 56,808 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total value of $8,788,197.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 268,623 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. In the last three months, insiders sold 410,352 shares of company stock valued at $65,356,512. 0.08% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Stone House Investment Management LLC raised its stake in Apple by 0.4% in the second quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock valued at $226,000 after purchasing an additional 6 shares in the last quarter. FC Advisory LLC raised its stake in Apple by 0.4% in the second quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock valued at $371,000 after purchasing an additional 10 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in Apple by 0.3% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock valued at $782,000 after purchasing an additional 17 shares in the last quarter. Lenox Wealth Advisors Inc. raised its stake in Apple by 0.4% in the second quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock valued at $716,000 after purchasing an additional 20 shares in the last quarter. Finally, BerganKDV Wealth Management LLC raised its stake in Apple by 0.4% in the second quarter. BerganKDV Wealth Management LLC now owns 5,614 shares of the iPhone maker’s stock valued at $809,000 after purchasing an additional 20 shares in the last quarter. 59.87% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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