Apple (AAPL) Earns Neutral Rating from Nomura

Nomura reaffirmed their neutral rating on shares of Apple (NASDAQ:AAPL) in a research report sent to investors on Monday. They currently have a $215.00 price target on the iPhone maker’s stock.

A number of other brokerages have also issued reports on AAPL. Tigress Financial reaffirmed a buy rating on shares of Apple in a research report on Thursday, August 30th. Robert W. Baird set a $230.00 target price on Apple and gave the stock a buy rating in a research report on Tuesday, September 4th. New Street Research reaffirmed a sell rating on shares of Apple in a research report on Tuesday, September 18th. Needham & Company LLC boosted their target price on Apple from $220.00 to $260.00 and gave the stock a buy rating in a research report on Thursday, September 13th. Finally, Bank of America reaffirmed a buy rating on shares of Apple in a research report on Tuesday, October 9th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirty-one have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $225.51.

Shares of Apple stock opened at $218.86 on Monday. The firm has a market cap of $1,048.40 billion, a PE ratio of 23.76, a P/E/G ratio of 1.51 and a beta of 1.36. The company has a current ratio of 1.31, a quick ratio of 1.24 and a debt-to-equity ratio of 0.84. Apple has a 12-month low of $150.24 and a 12-month high of $233.47.



Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.16. The company had revenue of $53.27 billion for the quarter, compared to analyst estimates of $52.43 billion. Apple had a return on equity of 43.50% and a net margin of 21.98%. Apple’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 earnings per share. Equities research analysts predict that Apple will post 11.77 EPS for the current fiscal year.

In other Apple news, SVP Angela J. Ahrendts sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $232.66, for a total value of $5,816,500.00. Following the transaction, the senior vice president now owns 105,538 shares in the company, valued at $24,554,471.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 15,652 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $206.86, for a total value of $3,237,772.72. Following the completion of the transaction, the chief operating officer now owns 122,837 shares in the company, valued at approximately $25,410,061.82. The disclosure for this sale can be found here. Insiders sold 544,185 shares of company stock worth $120,312,613 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Fort L.P. bought a new stake in shares of Apple during the 2nd quarter worth about $119,000. Delphi Private Advisors LLC bought a new stake in shares of Apple during the 2nd quarter worth about $120,000. Cranbrook Wealth Management LLC boosted its stake in shares of Apple by 76.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 699 shares of the iPhone maker’s stock worth $129,000 after acquiring an additional 302 shares in the last quarter. Quattro Financial Advisors LLC bought a new stake in shares of Apple during the 1st quarter worth about $133,000. Finally, Smart Portfolios LLC bought a new stake in shares of Apple during the 1st quarter worth about $134,000. Hedge funds and other institutional investors own 58.43% of the company’s stock.

About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

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