Apple’s (AAPL) “Underweight” Rating Reiterated at Barclays

Apple (NASDAQ:AAPL)‘s stock had its “underweight” rating reaffirmed by analysts at Barclays in a research note issued on Tuesday, Stock Target Advisor reports. They presently have a $158.00 price objective on the iPhone maker’s stock. Barclays‘s target price points to a potential downside of 6.52% from the company’s current price.

AAPL has been the topic of a number of other reports. Redburn Atlantic cut shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a report on Wednesday, January 10th. Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Apple in a report on Friday, February 2nd. The Goldman Sachs Group upped their target price on shares of Apple from $223.00 to $232.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Redburn Partners cut shares of Apple to a “neutral” rating and set a $200.00 target price on the stock. in a report on Wednesday, January 10th. Finally, Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and increased their price target for the company from $208.00 to $225.00 in a report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $203.05.

Apple Price Performance

Shares of NASDAQ AAPL opened at $169.02 on Tuesday. The company has a fifty day moving average price of $173.58 and a 200 day moving average price of $181.94. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. Apple has a 1-year low of $162.80 and a 1-year high of $199.62. The firm has a market cap of $2.61 trillion, a PE ratio of 26.33, a PEG ratio of 2.00 and a beta of 1.27.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping the consensus estimate of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. During the same period in the previous year, the firm posted $1.88 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Research analysts predict that Apple will post 6.54 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Jeffrey E. Williams sold 59,162 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the completion of the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $84,378,155.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Jeffrey E. Williams sold 59,162 shares of Apple stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the completion of the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $84,378,155.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 366,271 shares of company stock valued at $63,653,887. Insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Apple

Large investors have recently bought and sold shares of the stock. Wyrmwood Management LLC grew its holdings in Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after purchasing an additional 69 shares during the period. Christopher J. Hasenberg Inc acquired a new position in shares of Apple during the first quarter valued at about $35,000. A.P. Gilfoyle & Co. L.P. acquired a new position in shares of Apple during the fourth quarter valued at about $39,000. Gilfoyle & Co LLC grew its holdings in shares of Apple by 118.0% during the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after buying an additional 118 shares during the last quarter. Finally, University of Texas Texas AM Investment Managment Co. grew its holdings in shares of Apple by 657.1% during the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after buying an additional 368 shares during the last quarter. 60.41% of the stock is currently owned by institutional investors and hedge funds.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.