Apple Inc. (NASDAQ:AAPL) – Investment analysts at William Blair cut their Q4 2017 earnings estimates for shares of Apple in a research report issued on Tuesday, Zacks Investment Research reports. William Blair analyst A. Doradla now anticipates that the iPhone maker will post earnings of $2.02 per share for the quarter, down from their prior forecast of $2.04. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Apple’s FY2018 earnings at $10.11 EPS.
A number of other equities research analysts have also commented on AAPL. Piper Jaffray Companies reissued an “overweight” rating and issued a $158.00 price target (up from $155.00) on shares of Apple in a research report on Wednesday, May 3rd. Argus reaffirmed an “outperform” rating and set a $160.00 target price on shares of Apple in a research report on Friday, May 5th. Canaccord Genuity reaffirmed a “buy” rating and set a $180.00 target price (up from $165.00) on shares of Apple in a research report on Tuesday. Hilliard Lyons reissued a “buy” rating and issued a $170.00 price objective (up previously from $147.00) on shares of Apple in a report on Friday, May 5th. Finally, Vetr lowered Apple from a “buy” rating to a “hold” rating and set a $156.64 price objective for the company. in a report on Monday, May 8th. Ten analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. Apple has a consensus rating of “Buy” and a consensus price target of $155.41. Shares of Apple (NASDAQ:AAPL) traded down 0.2156% on Friday, reaching $155.3643. 510,336,483 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $145.11 and its 200-day moving average price is $128.10. The stock has a market cap of $810.04 billion, a P/E ratio of 18.2267 and a beta of 1.26. Apple has a 52-week low of $90.00 and a 52-week high of $156.42.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 18th. Stockholders of record on Monday, May 15th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost from Apple’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Thursday, May 11th. Apple’s dividend payout ratio (DPR) is 27.31%. In other Apple news, Director Arthur D. Levinson sold 35,000 shares of Apple stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $153.88, for a total value of $5,385,800.00. Following the completion of the sale, the director now directly owns 1,168,283 shares of the company’s stock, valued at approximately $179,775,388.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela J. Ahrendts sold 75,000 shares of Apple stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $147.98, for a total transaction of $11,098,500.00. Following the completion of the sale, the insider now directly owns 154,116 shares of the company’s stock, valued at $22,806,085.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 373,071 shares of company stock valued at $54,207,354. Corporate insiders own 0.08% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in AAPL. Bailard Inc. boosted its stake in Apple by 23.2% in the third quarter. Bailard Inc. now owns 181,502 shares of the iPhone maker’s stock valued at $20,519,000 after buying an additional 34,162 shares during the last quarter. Stanford Investment Group Inc. raised its position in shares of Apple by 25.9% in the fourth quarter. Stanford Investment Group Inc. now owns 98,014 shares of the iPhone maker’s stock worth $11,352,000 after buying an additional 20,176 shares during the period. Fairview Capital Investment Management LLC raised its position in shares of Apple by 2.7% in the fourth quarter. Fairview Capital Investment Management LLC now owns 13,481 shares of the iPhone maker’s stock worth $1,561,000 after buying an additional 350 shares during the period. IFM Investors Pty Ltd bought a new position in shares of Apple during the fourth quarter worth $7,910,000. Finally, Waratah Capital Advisors Ltd. bought a new position in shares of Apple during the fourth quarter worth $8,304,000. 58.76% of the stock is owned by hedge funds and other institutional investors. 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.
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