Apple (NASDAQ:AAPL) PT Set at $180.00 by UBS Group

UBS Group set a $180.00 price objective on Apple (NASDAQ:AAPL – Get Rating) in a report published on Wednesday morning, Borsen Zeitung reports.

AAPL has been the subject of several other research reports. DA Davidson dropped their target price on shares of Apple from $185.00 to $167.00 and set a buy rating for the company in a report on Friday, October 28th. StockNews.com downgraded shares of Apple from a buy rating to a hold rating in a report on Saturday, November 5th. Credit Suisse Group set a $184.00 target price on shares of Apple in a report on Thursday, November 17th. Itaú Unibanco started coverage on shares of Apple in a report on Tuesday, July 26th. They issued an underperform rating and a $136.00 target price for the company. Finally, Monness Crespi & Hardt initiated coverage on shares of Apple in a report on Thursday, September 8th. They issued a buy rating and a $174.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Apple presently has an average rating of Moderate Buy and an average price target of $176.26.

Apple Stock Up 0.6 %

Shares of NASDAQ AAPL opened at $151.07 on Wednesday. The company has a 50 day simple moving average of $146.70 and a 200-day simple moving average of $149.66. The company has a market capitalization of $2.40 trillion, a P/E ratio of 24.73, a P/E/G ratio of 1.89 and a beta of 1.25. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85. Apple has a 1 year low of $129.04 and a 1 year high of $182.94.

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Apple (NASDAQ:AAPL – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.02. The business had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 EPS. On average, equities research analysts predict that Apple will post 6.26 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. Apple’s dividend payout ratio is presently 15.06%.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O’brien sold 8,053 shares of the business’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the transaction, the senior vice president now directly owns 136,290 shares in the company, valued at $19,414,510.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Deirdre O’brien sold 8,053 shares of the business’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the transaction, the senior vice president now directly owns 136,290 shares in the company, valued at $19,414,510.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the sale, the chief financial officer now directly owns 110,673 shares in the company, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 380,851 shares of company stock worth $56,707,789. 0.06% of the stock is owned by company insiders.

Institutional Trading of Apple

Several institutional investors and hedge funds have recently modified their holdings of the business. MKT Advisors LLC lifted its holdings in shares of Apple by 0.5% in the second quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock valued at $1,777,000 after purchasing an additional 60 shares in the last quarter. Your Advocates Ltd. LLP lifted its holdings in shares of Apple by 1.0% in the second quarter. Your Advocates Ltd. LLP now owns 6,339 shares of the iPhone maker’s stock valued at $867,000 after purchasing an additional 65 shares in the last quarter. Mokosak Advisory Group LLC lifted its holdings in shares of Apple by 1.2% in the first quarter. Mokosak Advisory Group LLC now owns 5,702 shares of the iPhone maker’s stock valued at $996,000 after purchasing an additional 66 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Apple by 6.7% in the second quarter. Harbor Capital Advisors Inc. now owns 1,046 shares of the iPhone maker’s stock valued at $143,000 after purchasing an additional 66 shares in the last quarter. Finally, Aufman Associates Inc lifted its stake in shares of Apple by 0.9% during the second quarter. Aufman Associates Inc now owns 7,674 shares of the iPhone maker’s stock valued at $1,049,000 after buying an additional 66 shares during the period. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Apple Company Profile

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Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.