Deutsche Bank AG restated their hold rating on shares of Apple Inc. The current rating of the shares is Outperform, according to the research report released by the firm.
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The number of Apple Inc. shares in issue is 5,388,442,000 which have a current share price of 105.62 bringing Apple Inc.’s market capitalisation to 569.13B Dollars.
In terms of target prices, analysts did not change their opinions after the announcement. 42,448,012 shares of AAPL traded hands, up from ann avg. trading volume of 32,412,600. The stock has a market capitalization of $568.59 billion, a P/E ratio of 12.30 and a beta of 1.14. The stock has a 50 day moving average price of $106.17 and a 200 day moving average price of $101.55. The business had revenue of $42.36 billion for the quarter, compared to analysts’ expectations of $42.35 billion. Apple had a net margin of 21.70% and a return on equity of 37.89%. During the same period previous year, the company posted $1.85 earnings per share.
On the company’s financial health, Apple reported $1.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on April 26, 2016.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 11th. The debt-to-equity ratio (D/E) was recorded at 0.67. This represents a $2.28 dividend on an annualized basis and a yield of 2.16%. Apple’s dividend payout ratio (DPR) is now 26.64%. Following the sale, the senior vice president now directly owns 105,839 shares of the company’s stock, valued at $10,583,900. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 334,000 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $106.19, for a total value of $5,297,075.77. Insiders own 0.08% of the company’s stock.
Other Hedge Funds, Including, Tctc Holdings reduced its stake in AAPL by selling 900 shares or 0.6% in the most recent quarter. William Blair Investment Management LLC now owns 746,163 shares of the iPhone maker’s stock worth $78,541,000 after buying an additional 51,309 shares during the last quarter.
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The analyst adjusted his price objectiverange from $115-125 to $105-120 on AAPL stock, and foresees limited upside beyond the high end of his updated range, given the fact that the Street has factored in the raise, and that there is narrow visibility into March and June quarters, coupled with a potential for demand pull-in going forward, due to aggressive country launch goals. Apple makes up approx 1.05% of Tctc Holdings’s portfolio.Fil Ltd boosted its stake in AAPL in the latest quarter, The investment management firm added 172,810 additional shares and now holds a total of 2,577,674 shares of Apple which is valued at $278,852,773. Pax World Management LLC now owns 540,790 shares of the iPhone maker’s stock worth $56,924,000 after buying an additional 98,712 shares during the last quarter. BlackRock Group LTD boosted its stake in Apple by 3.3% in the first quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Apple during the second quarter valued at $220,000.
