Apple (NASDAQ:AAPL) PT Lowered to $210.00 at Citigroup

Apple (NASDAQ:AAPL) had its price objective reduced by Citigroup from $220.00 to $210.00 in a research report sent to investors on Monday, Benzinga reports. Citigroup currently has a buy rating on the iPhone maker’s stock.

Several other analysts also recently commented on the stock. Oppenheimer reaffirmed an outperform rating and set a $200.00 target price on shares of Apple in a report on Friday, February 2nd. Wedbush reaffirmed an outperform rating and issued a $250.00 target price on shares of Apple in a research report on Tuesday, April 9th. UBS Group reissued a hold rating and set a $190.00 price target on shares of Apple in a report on Monday, March 25th. Monness Crespi & Hardt boosted their price target on Apple from $189.00 to $200.00 and gave the company a buy rating in a research note on Friday, February 2nd. Finally, Needham & Company LLC reiterated a buy rating and set a $220.00 price objective on shares of Apple in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $202.62.

Apple Trading Down 0.6 %

Shares of NASDAQ:AAPL opened at $169.30 on Monday. Apple has a one year low of $164.07 and a one year high of $199.62. The stock has a market capitalization of $2.61 trillion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.09 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The company’s 50-day moving average price is $172.38 and its two-hundred day moving average price is $181.63.

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

Insider Activity at Apple

In related news, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the transaction, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 completion of the transaction, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock valued at $63,653,887 over the last ninety days. 0.06% of the stock is owned by company insiders.

Institutional Trading of Apple

Large investors have recently made changes to their positions in the business. Wyrmwood Management LLC grew its holdings in Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after acquiring an additional 69 shares during the period. Christopher J. Hasenberg Inc purchased a new stake in Apple in the 1st quarter worth approximately $35,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Apple during the 4th quarter worth approximately $39,000. Gilfoyle & Co LLC boosted its holdings in Apple by 118.0% during the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after buying an additional 118 shares in the last quarter. Finally, University of Texas Texas AM Investment Managment Co. grew its position in 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 period. 60.41% of the stock is owned by hedge funds and other institutional investors.

Apple Company Profile

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.