Apple Inc. (NASDAQ:AAPL - Free Report) - Equities researchers at Zacks Research dropped their FY2026 earnings estimates for Apple in a note issued to investors on Thursday, May 22nd. Zacks Research analyst A. Ganguly now anticipates that the iPhone maker will post earnings per share of $7.58 for the year, down from their prior estimate of $7.85. The consensus estimate for Apple's current full-year earnings is $7.28 per share.
AAPL has been the topic of several other reports. Evercore ISI boosted their price objective on shares of Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. JPMorgan Chase & Co. decreased their target price on shares of Apple from $270.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. UBS Group decreased their price objective on shares of Apple from $236.00 to $210.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Oppenheimer lowered shares of Apple from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. Finally, Loop Capital decreased their price objective on shares of Apple from $230.00 to $215.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and an average price target of $235.80.
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Apple Stock Performance
AAPL traded up $0.66 during trading on Monday, hitting $200.87. The stock had a trading volume of 23,468,951 shares, compared to its average volume of 56,128,751. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a market capitalization of $3.00 trillion, a P/E ratio of 31.91, a PEG ratio of 2.44 and a beta of 1.27. The company's 50-day moving average price is $204.36 and its 200 day moving average price is $225.54. Apple has a twelve month low of $169.21 and a twelve month high of $260.10.
Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.03. The company had revenue of $95.36 billion for the quarter, compared to analysts' expectations of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 160.83%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.53 earnings per share.
Institutional Trading of Apple
A number of hedge funds have recently made changes to their positions in AAPL. Drystone LLC acquired a new stake in shares of Apple during the fourth quarter worth approximately $25,000. ROSS JOHNSON & Associates LLC boosted its holdings in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after purchasing an additional 180 shares during the period. Life Planning Partners Inc acquired a new position in Apple in the fourth quarter worth $47,000. Elite Financial Inc. acquired a new position in Apple in the first quarter worth $58,000. Finally, Conquis Financial LLC acquired a new position in Apple in the fourth quarter worth $63,000. Institutional investors and hedge funds own 67.73% of the company's stock.
Insider Activity at Apple
In other news, insider Chris Kondo sold 4,486 shares of Apple stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $208.19, for a total transaction of $933,940.34. Following the sale, the insider now owns 15,533 shares in the company, valued at $3,233,815.27. This trade represents a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of Apple stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total transaction of $941,420.00. Following the sale, the chief financial officer now owns 4,569 shares in the company, valued at $941,214. This represents a 50.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 191,507 shares of company stock worth $42,694,080. Company insiders own 0.06% of the company's stock.
Apple Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were issued a $0.26 dividend. This is a positive change from Apple's previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 12th. This represents a $1.04 annualized dividend and a yield of 0.52%. Apple's dividend payout ratio (DPR) is presently 16.20%.
Apple announced that its board has initiated a share repurchase plan on Thursday, May 1st that authorizes the company to repurchase $100.00 billion in outstanding shares. This repurchase authorization authorizes the iPhone maker to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.
Apple Company Profile
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Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
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