Apple Inc. (NASDAQ:AAPL - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday after China Renaissance upgraded the stock from a hold rating to a buy rating. China Renaissance now has a $425.00 price target on the stock. Apple traded as high as $355.42 and last traded at $355.7210, with a volume of 22,489,270 shares trading hands. The stock had previously closed at $348.51.
Other research analysts also recently issued reports about the company. Robert W. Baird set a $340.00 price target on Apple and gave the stock an "outperform" rating in a research report on Tuesday, November 3rd. Deutsche Bank cut Apple from a "buy" rating to a "hold" rating in a research note on Monday, August 17th. UBS Group reaffirmed a "neutral" rating and issued a $340.00 price target (up from $296.00) on shares of Apple in a research note on Tuesday, November 3rd. BTIG Research started coverage on shares of Apple in a research note on Monday, August 17th. They issued a "neutral" rating on the stock. Finally, Loop Capital lowered Apple from a "buy" rating to a "hold" rating and lowered their target price for the stock from $370.00 to $330.00 in a research note on Tuesday, October 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Apple presently has an average rating of "Moderate Buy" and a consensus target price of $347.11.
Get Our Latest Analysis on Apple
Insider Activity at Apple
In other news, SVP Deirdre O'brien sold 46,389 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the transaction, the senior vice president directly owned 136,810 shares in the company, valued at approximately $45,615,190.20. This represents a 25.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John Ternus sold 25,412 shares of the company's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the transaction, the chief executive officer directly owned 59,567 shares of the company's stock, valued at approximately $19,832,236.98. This trade represents a 29.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 290,212 shares of company stock valued at $96,639,685 in the last ninety days. 0.06% of the stock is currently owned by company insiders.
More Apple News
These are some of the AAPL news items that stood out recently:
- Neutral Sentiment: UBS says Apple’s new foldable iPhone Duo is in short supply heading into the holidays. That may signal strong interest, but constrained availability could limit near-term sales. UBS says foldable iPhone Duo is in short supply
- Negative Sentiment: Despite record quarterly sales of about $114.5 billion, investors are focused on margin pressure: Apple’s December-quarter gross-margin outlook of 45%–46% came in below the 46.3% analyst expectation, with CEO John Ternus describing memory pricing as “unprecedented.” Higher memory-chip costs could weigh on profitability. Apple faces memory-cost pressure despite record quarter
- Negative Sentiment: Commentary also flags valuation risk after the stock’s strong run, raising the bar for future earnings and growth. Apple shares look expensive heading into 2027
Institutional Trading of Apple
Several institutional investors and hedge funds have recently made changes to their positions in the company. Prospect Hill Management LLC purchased a new stake in shares of Apple during the 2nd quarter worth $146,370,000. Focus Partners Advisor Solutions LLC purchased a new position in Apple during the second quarter worth about $168,646,000. Wealthfront Advisers LLC purchased a new position in Apple during the second quarter worth approximately $482,388,000. Satovsky Asset Management LLC acquired a new stake in Apple during the second quarter worth about $16,064,000. Finally, Gouws Capital LLC lifted its position in Apple by 136.9% during the third quarter. Gouws Capital LLC now owns 37,504 shares of the iPhone maker's stock valued at $12,490,000 after buying an additional 21,676 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.
Apple Price Performance
The company's fifty day moving average is $337.27 and its two-hundred day moving average is $299.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a market cap of $5.17 trillion, a price-to-earnings ratio of 39.65, a price-to-earnings-growth ratio of 3.38 and a beta of 1.07.
Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.11. The business had revenue of $114.48 billion during the quarter, compared to the consensus estimate of $113.40 billion. Apple had a net margin of 27.60% and a return on equity of 125.35%. The business's quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.85 earnings per share. Equities research analysts forecast that Apple Inc. will post 9.44 EPS for the current year.
Apple Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 12th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, November 12th. Apple's dividend payout ratio is currently 12.04%.
About Apple
(
Get Free Report)
Apple Inc. designs, manufactures and markets consumer electronics, software and digital services. Its products include the iPhone, Mac computers, iPad, Apple Watch and AirPods, along with operating systems and applications such as iOS, macOS and iPadOS. The company also offers services including the App Store, Apple Music, Apple TV+, iCloud and Apple Pay. These products and services are integrated across Apple's devices and are sold to consumers, businesses and institutions around the world. Founded in 1976 and headquartered in Cupertino, California, Apple serves customers globally through online and retail stores, wireless carriers and other resellers.
See Also
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