A number of other research analysts also recently issued reports on the company.
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Investors evaluating AAPL stock at the current market price of $111.77/share should know the company will next release quarterly results for the September 2016 quarter.
Usually, after analysts publish an “reiterated rating” report on a stock, they will subsequently issue periodic updates, often followed by a price target change. Nomura reissued a “buy” rating and issued a $120.00 target price on shares of Apple in a research note on Monday, May 23rd. Finally, Brean Capital restated a “buy” rating and issued a $125.00 target price on shares of Apple in a report on Wednesday, July 27th. Meanwhile, Senior EVP and COO PERLMUTTER ROBERT D sold 1,500 shares worth $134000.69, through a transaction dated 2016-08-01. And roundups of analyst notes show that 1 are rating the stock a buy while 0 rate MAC a strong buy. The average analysts gave this company a mean recommendation of 2.20.
Apple (NASDAQ:AAPL) traded up 3.95% during mid-day trading on Wednesday, reaching $112.21. (NASDAQ: AAPL) now has a 50-day MA is $107.20 and 200-day MA is $101.90, and it has traded in a 52-week range between $89.47 – 123.82 and today’s closing price is -9.73 percent off the 52 week high. The stock has a market cap of $602.27 billion, a PE ratio of 13.03 and a beta of 1.14. The iPhone maker reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.04. The Mean EPS forecast of 34 analysts for Next Quarter is set at $3.11. Apple had a return on equity of 37.89% and a net margin of 21.70%.
For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $3.13 per share according to consensus of 33 analysts.
Insider Activity: Corporate insiders look pessimistic about the outlook of the company stock that they seem to offload shares while they have 7.99 jumped so far this year. On average, analysts anticipate that Apple will post $8.26 earnings per share for the current fiscal year.
About 58.88 million shares traded hands or 76.60% up from the average. (NASDAQ:AAPL), according to U.S. Securities and Exchange Commission (SEC) filings. Following the completion of the transaction, the senior vice president now directly owns 192,024 shares in the company, valued at approximately $21,143,762.64. The disclosure for this sale can be found here. At the time, this suggested an upside of 0.09%. River & Mercantile Asset Management LLP boosted its position in shares of Apple by 22.8% in the second quarter. Stocks with top progression rating have a penchant to portray remarkable growth features.
Over the last twelve months Apple Inc.’s stock price has increased from 113.85 to 114.31, a change of 0.4%.
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Diker Management Llc holds 23.72% of its portfolio in Apple Inc. for 637,273 shares. Delphi Private Advisors LLC now owns 1,462 shares of the iPhone maker’s stock valued at $140,000 after buying an additional 69 shares in the last quarter. Delphi Private Advisors LLC raised its position in Apple by 5.0% in the second quarter. Finally, Summit Financial Strategies Inc. increased its stake in shares of Apple by 0.3% in the second quarter. River & Mercantile Asset Management LLP now owns 1,800 shares of the iPhone maker’s stock valued at $172,000 after buying an additional 334 shares in the last quarter.
