The Apple Inc. (AAPL) Downgraded to “Hold” at Vetr Inc.

The Apple Inc. (AAPL) Downgraded to “Hold” at Vetr Inc.

Other research analysts have also recently issued reports about the stock. Credit Suisse Group AG set a $170.00 price target on shares of Apple and gave the company a “buy” rating in a research report on Monday, May 29th. Rosenblatt Securities reissued a “neutral” rating and set a $120.00 price target on shares of Apple in a research report on Tuesday, May 30th. Longbow Research reissued a “buy” rating on shares of Apple in a research report on Thursday. Sanford C. Bernstein set a $160.00 price target on shares of Apple and gave the company a “buy” rating in a research report on Monday, May 29th. Finally, Morgan Stanley lifted their price target on shares of Apple from $150.00 to $154.00 and gave the company an “overweight” rating in a research report on Tuesday, February 21st. Nine investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $159.69.

Apple Inc. (NASDAQ:AAPL) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued on Monday. They presently have a $161.57 price target on the iPhone maker’s stock. Vetr‘s price target indicates a potential upside of 3.94% from the stock’s current price.

Apple (NASDAQ:AAPL) opened at 155.45 on Monday. The firm has a market cap of $810.49 billion, a price-to-earnings ratio of 18.24 and a beta of 1.26. The stock’s 50 day moving average is $149.57 and its 200 day moving average is $132.53. Apple has a one year low of $91.50 and a one year high of $156.65.

Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.08. The firm had revenue of $52.90 billion for the quarter, compared to analyst estimates of $52.61 billion. Apple had a net margin of 20.85% and a return on equity of 33.20%. On average, analysts predict that Apple will post $8.95 earnings per share for the current fiscal year. The firm also recently announced a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Monday, May 15th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Thursday, May 11th. This is a boost from Apple’s previous quarterly dividend of $0.57. Apple’s payout ratio is 27.31%.

Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.08. The firm had revenue of $52.90 billion for the quarter, compared to analyst estimates of $52.61 billion. Apple had a net margin of 20.85% and a return on equity of 33.20%. On average, analysts predict that Apple will post $8.95 earnings per share for the current fiscal year. In other news, insider Luca Maestri sold 20,307 shares of Apple stock in a transaction on Wednesday, April 5th. The stock was sold at an average price of $145.05, for a total transaction of $2,945,530.35. Following the transaction, the insider now owns 14,390 shares in the company, valued at approximately $2,087,269.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Philip W. Schiller sold 47,796 shares of Apple stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $143.32, for a total value of $6,850,122.72. Following the transaction, the insider now owns 94,010 shares in the company, valued at approximately $13,473,513.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 430,705 shares of company stock worth $64,608,919. 0.08% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Parlapiano Turner & Welch LLC bought a new position in Apple during the first quarter valued at approximately $698,000. Sowell Financial Services LLC raised its position in Apple by 32.2% in the first quarter. Sowell Financial Services LLC now owns 68,543 shares of the iPhone maker’s stock valued at $10,510,000 after buying an additional 16,710 shares in the last quarter. PHH Investments Ltd. raised its position in Apple by 67.7% in the first quarter. PHH Investments Ltd. now owns 10,824 shares of the iPhone maker’s stock valued at $1,583,000 after buying an additional 4,370 shares in the last quarter. S. R. Schill & Associates raised its position in Apple by 67.6% in the first quarter. S. R. Schill & Associates now owns 8,669 shares of the iPhone maker’s stock valued at $1,245,000 after buying an additional 3,498 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in Apple during the first quarter valued at approximately $190,134,000. Institutional investors and hedge funds own 58.76% of the company’s stock. Apple Company Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:AAPL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment