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Nomura reaffirms its neutral rating on the shares of Apple (NASDAQ: AAPL) in a research report report released Monday, July 16.The brokerage firm currently has a $ 175.00 price target on the stock of the iPhone manufacturer.
Other stock analysts have also published stock research reports. On May 30, ValuEngine cut Apple's shares from a purchase note to a conservation rating in a research note on Monday, April 2nd. Canada raised its price target on Apple's shares from $ 203.00 to $ 210.00 and registered an outperformance rating in a research note on Tuesday, June 5, 2009. Monness Crespi and Hardt started to cover Apple's shares in a research note on Wednesday, April 11. They issued a purchase note and a price target of $ 235.00 for the company. Finally, the Piper Jaffray companies raised their price target on Apple's shares to $ 214.00 and awarded the company an overweight in a research note on Wednesday, May 2nd. A research analyst evaluated the stock with a sales rating, fifteen issued a conservation rating, thirty-two issued a purchase note and two issued a strong buy-in rating. action of society. The stock has a Buy consensus rating and a consensus price target of $ 209.47.
Apple opened at $ 190.29 Monday, reports MarketBeat. The company has a debt ratio of 0.80, a ratio of 1.37 and a ratio of 1.46. Apple has a low in one year of $ 148.13 and a high of $ 195.96 in one year. The company has a market capitalization of $ 969.04 billion, a price / earnings ratio of 20.66, a PEG ratio of 1.54 and a beta of 1.24.
Apple (NASDAQ: AAPL) last released its quarterly results on Tuesday, July 31. The iPhone maker reported a $ 2.34 EPS for the quarter, exceeding Zack's consensus estimate of $ 2.18 per $ 0.16. Apple posted a net margin of 21.55% and a return on equity of 39.97%. The activity generated a turnover of $ 53.27 billion during the quarter, compared with $ 52.43 billion for analysts. In the same quarter of the previous year, the company generated earnings per share of $ 1.67. The quarterly business turnover of the company is up 17.3% over the same quarter of last year. Research analysts expect Apple to display 11.41 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 16th. Investors listed on Monday, August 13 will receive a dividend of $ 0.73. This represents an annualized dividend of $ 2.92 and a dividend yield of 1.53%. Apple's payout ratio is 31.70%.
Apple has announced that its board of directors has authorized a share buyback plan on Tuesday, May 1 that allows the company to buy back $ 100.00 billion in shares. This redemption authorization allows the iPhone maker to buy up to 11.9% of its stock through free market purchases. Stock repurchase plans often indicate that the board of directors believes that its shares are undervalued.
In other Apple news, the UDC Daniel J. Riccio sold 17,372 shares of the company in a deal dated Thursday, May 17. The shares were sold at an average price of $ 187.64, for a total transaction of $ 3,259,682.08. Following the closing of the sale, the Senior Vice President now holds directly 43,644 shares of the Company, valued at approximately $ 8,189,360.16. The transaction was disclosed in a document filed with the SEC, which can be viewed on the SEC's website. In addition, Angela J. Ahrendts, an initiator, sold 38,228 shares of the company in a transaction dated Friday, May 4. The shares were sold at an average price of $ 176.54, for a total transaction of $ 6,748,771.12. As a result of the sale, the insider now owns 90,967 shares of the company, valued at $ 16,059,314.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 168,738 shares valued at $ 31,247,951. 0.06% of the stock is held by insiders of the company.
Several hedge funds and other institutional investors have recently changed their positions in the company. Summit Trail Advisors LLC increased its holdings of Apple stock by 17,669.4% during the first quarter. Summit Trail Advisors LLC now holds 20,180,694 shares of the iPhone maker's business valued at $ 20,181,000 after acquiring 20,067,124 additional shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings of Apple stock by 1.8% during the first quarter. Schwab Charles Investment Management Inc. now holds 19,610,272 shares of the iPhone manufacturer's business valued at $ 3,290,212,000 after acquiring an additional 347,970 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings of Apple stock by 18,553.3% in the second quarter. Cornerstone Wealth Management LLC now owns 16,758,709 iPhone maker factory shares worth $ 89,526,000 after purchasing 16,668,866 additional shares during the last quarter. Dimensional Fund Advisors LP increased its holdings of Apple stocks by 0.3% in the first quarter. Dimensional Fund Advisors LP now holds 16,158,094 shares in the iPhone maker's business worth $ 2,711,005,000 after purchasing an additional 55,050 shares in the last quarter. Finally, Sumitomo Mitsui Holdings Trust Inc. increased its holdings of Apple shares by 0.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now holds 15,977,515 shares in the iPhone maker's business worth $ 2,680,707,000 after purchasing 136,478 additional shares during the last quarter. 58.39% of the shares are currently held by hedge funds and other institutional investors.
About Apple
Apple Inc. designs, manufactures and markets communications and mobile media devices, as well as personal computers for consumers and small and medium-sized businesses; and customers of education, business and government around the world. The company also sells software, services, accessories, networking solutions and third-party digital applications and content.
Additional Reading: Earnings Per Share (EPS)
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