Somewhat Favorable Media Coverage Unlikely to Affect Apple (AAPL) Stock Price

News headlines about Apple (NASDAQ:AAPL) have trended somewhat positive on Friday, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of press coverage by monitoring more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Apple earned a news impact score of 1.56 on their scale. InfoTrie also assigned news articles about the iPhone maker an news buzz score of 3 out of 10, meaning that recent press coverage is unlikely to have an effect on the company’s share price in the near term.

Here are some of the headlines that may have impacted Apple’s ranking:

AAPL opened at $170.94 on Friday. Apple has a 1 year low of $142.00 and a 1 year high of $233.47. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.25 and a current ratio of 1.30. The stock has a market capitalization of $856.12 billion, a price-to-earnings ratio of 14.35, a P/E/G ratio of 1.78 and a beta of 1.13.



Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.01. Apple had a return on equity of 50.92% and a net margin of 22.72%. The company had revenue of $84.31 billion for the quarter, compared to analyst estimates of $84.07 billion. Sell-side analysts predict that Apple will post 11.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Shareholders of record on Monday, February 11th will be paid a $0.73 dividend. The ex-dividend date is Friday, February 8th. This represents a $2.92 annualized dividend and a yield of 1.71%. Apple’s dividend payout ratio (DPR) is presently 24.52%.

Several analysts have recently weighed in on AAPL shares. JPMorgan Chase & Co. reiterated a “buy” rating and set a $228.00 target price on shares of Apple in a research report on Friday, January 11th. Royal Bank of Canada reiterated a “buy” rating and set a $185.00 target price on shares of Apple in a research report on Friday, January 18th. Citigroup decreased their target price on Apple from $265.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Rosenblatt Securities set a $165.00 target price on Apple and gave the stock a “neutral” rating in a research report on Thursday, December 6th. Finally, Morgan Stanley lifted their target price on Apple from $226.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, November 8th. One analyst has rated the stock with a sell rating, twenty-four have issued a hold rating and twenty-two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $191.66.

In other Apple news, insider Chris Kondo sold 3,408 shares of Apple stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $190.00, for a total value of $647,520.00. Following the transaction, the insider now owns 8,940 shares in the company, valued at $1,698,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur D. Levinson sold 1,521 shares of Apple stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $167.71, for a total value of $255,086.91. Following the completion of the transaction, the director now owns 1,134,804 shares in the company, valued at approximately $190,317,978.84. The disclosure for this sale can be found here. 0.05% of the stock is owned by insiders.

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Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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