Apple (AAPL) Stock Forecast, Price & News

35 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Apple in the last twelve months. There are currently 9 hold ratings and 26 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AAPL shares.
View AAPL analyst ratings or view top-rated stocks.

35 brokerages have issued twelve-month price targets for Apple's shares. Their AAPL share price forecasts range from $54.00 to $240.00. On average, they anticipate the company's stock price to reach $199.41 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price.
View analysts price targets for AAPL or view top-rated stocks among Wall Street analysts.

Apple's stock was trading at $129.93 at the beginning of 2023. Since then, AAPL stock has increased by 35.1% and is now trading at $175.49.
View the best growth stocks for 2023 here.

Apple saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 102,090,000 shares, an increase of 14.9% from the August 15th total of 88,850,000 shares. Based on an average daily volume of 56,130,000 shares, the days-to-cover ratio is presently 1.8 days.
View Apple's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our AAPL earnings forecast.

Apple Inc. (NASDAQ:AAPL) released its quarterly earnings data on Thursday, August, 3rd. The iPhone maker reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.07. The iPhone maker had revenue of $81.80 billion for the quarter, compared to analysts' expectations of $81.79 billion. Apple had a net margin of 24.68% and a trailing twelve-month return on equity of 164.92%. The company's quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 earnings per share.
Read the conference call transcript.

Apple announced a quarterly dividend on Thursday, August 3rd. Shareholders of record on Monday, August 14th will be paid a dividend of $0.24 per share on Thursday, August 17th. This represents a $0.96 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Friday, August 11th.
Read our dividend analysis for AAPL.

ETFs with the largest weight of Apple (NASDAQ:AAPL) stock in their portfolio include Technology Select Sector SPDR Fund (XLK), Vanguard Information Technology ETF (VGT), Fidelity MSCI Information Technology Index ETF (FTEC), iShares Global Tech ETF (IXN), iShares U.S. Technology ETF (IYW), Direxion Daily Technology Bull 3X Shares (TECL), Vanguard Mega Cap Growth Index Fund (MGK) and Direxion AAPL Bull 1.5X Shares (AAPU).

Apple (NASDAQ:AAPL) pays an annual dividend of $0.96 per share and currently has a dividend yield of 0.54%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 16.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AAPL will have a dividend payout ratio of 14.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AAPL.

Shares of Apple split before market open on Monday, August 31st 2020. The 4-1 split was announced on Thursday, July 30th 2020. The newly created shares were issued to shareholders after the market closes on Friday, August 28th 2020. An investor that had 100 shares of stock prior to the split would have 400 shares after the split.

Apple announced that its board has approved a share repurchase program on Thursday, May 4th 2023, which permits the company to buyback $90,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 3.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

11,001 employees have rated Apple Chief Executive Officer Tim Cook on Glassdoor.com. Tim Cook has an approval rating of 94% among the company's employees. This puts Tim Cook in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Apple investors own include NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA), Micron Technology (MU), Netflix (NFLX), General Electric (GE), Walt Disney (DIS), Advanced Micro Devices (AMD), AT&T (T) and Boeing (BA).

Apple trades on the NASDAQ under the ticker symbol "AAPL."

Apple's stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (3.70%), Geode Capital Management LLC (1.86%), Northern Trust Corp (1.05%), Charles Schwab Investment Management Inc. (0.53%), Nuveen Asset Management LLC (0.52%) and Swiss National Bank (0.37%). Insiders that own company stock include Arthur D Levinson, Chris Kondo, Deirdre O'brien, Jeffrey E Williams, Jeffrey E Williams, Katherine L Adams, Katherine L Adams, Luca Maestri and Timothy D Cook.
View institutional ownership trends.

Shares of AAPL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AAPL stock can currently be purchased for approximately $175.49.

Apple (NASDAQ:AAPL) has a market capitalization of $2.74 trillion and generates $394.33 billion in revenue each year. The iPhone maker earns $99.80 billion in net income (profit) each year or $5.95 on an earnings per share basis.

The company employs 164,000 workers across the globe.

Apple's mailing address is ONE APPLE PARK WAY, CUPERTINO CA, 95014. The official website for the company is www.apple.com. The iPhone maker can be reached via phone at (408) 996-1010, via email at tgala@apple.com, or via fax at 408-974-2483.