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.
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.
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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