Apple Company Profile (NASDAQ:AAPL)

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

Apple announced a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Monday, August 14th will be given a dividend of $0.63 per share on Thursday, August 17th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Thursday, August 10th. View Apple's Dividend History.

Shares of Apple split on the morning of Monday, June 9th 2014. The 7-1 split was announced on Wednesday, April 23rd 2014. The newly created shares were payable to shareholders after the market closes on Friday, June 6th 2014. An investor that had 100 shares of Apple stock prior to the split would have 700 shares after the split.

Apple announced that its Board of Directors has initiated a share repurchase program on Sunday, June 4th 2017, which authorizes the company to repurchase $50,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 6.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Apple Inc. (NASDAQ:AAPL) announced its quarterly earnings data on Tuesday, August, 1st. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.57 by $0.10. The company had revenue of $45.41 billion for the quarter, compared to analysts' expectations of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. The firm's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.42 earnings per share. View Apple's Earnings History.

Apple is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for Apple.

49 brokerages have issued 12 month price targets for Apple's stock. Their forecasts range from $125.00 to $208.00. On average, they expect Apple's stock price to reach $168.39 in the next twelve months. View Analyst Ratings for Apple.

Here are some recent quotes from research analysts about Apple stock:

• 1. Maxim Group analysts commented, "A brief history on the success of our data driven approach to covering AAPL and the data that fortifies our view that AAPL is an attractive holding." (6/19/2017)
• 2. Mizuho analysts commented, "The Mad Dash" segment on Monday."This is a statement downgrade, which means you have never heard of me, but today you have," Cramer said. "And you know what I say? It was down on Friday — give me a break."Cramer further took issue with a Sunday downgrade, which is adding panic to the Street. The CNBC host also questioned the analyst's thesis, which is based on a "strong" iPhone 8 cycle and an uncommon bearish view on services."A Sunday downgrade, everyone is talking about it," Cramer joked. "I think Crosby was talking about it. When he had the Stanley Cup he said, 'Did you hear they downgraded Apple at Mizuho?'" (6/12/2017)
• 3. According to Zacks Investment Research, "Apple’s revenues have got a boost due to increase in iPhone demand caused by the launch of iPhone 7 and 7 Plus. Also, “Services” revenues, which include App store, Apple Music and Apple Pay have been growing with App store sales in December alone topping $3 billion. Going ahead, management expects to double the revenues from this segment in the next four years. Plus, the buzz surrounding iPhone 8, which is already labeled a super cycle should allay investors fear about iPhone sales trajectory. Meanwhile, Apple remains focused on increasing its market share in India. Over the past one year, shares of Apple have outperformed the broader market. However, macroeconomic headwinds in some key regions, most importantly in China along with increasing competition remain a concern. Estimates have remained stable ahead of the upcoming earnings release. " (4/24/2017)
• 4. UBS AG analysts commented, "Supercycle" phase.The upcoming "Sustainable Growth" phase.The "Innovation phase."First, the current "Supercycle" phase consists of debating the iPhone growth through the fiscal 2018 and 2019 period. Over the next nine months, the shift toward the "Sustainable Growth" occurs where investors will explore if the company can maintain and monetize its installed base and generate annuity-like growth. The "Innovation Phase" will start in fiscal 2019 whereby investors will examine Apple's positioning for the next wave of technology.Supercycle PhaseAccording to Milunovich, the "Supercycle" phase started in 2016 but the key debate will surround the iPhone 8's performance in fiscal 2018.Meanwhile, Apple's valuation improved during the cycle from a low of 10x forward P/E in early 2016 to today's 15x multiple. Since Apple's stock typically prices in earnings revisions 12 months ahead, it is possible that a strong fiscal 2018 performance is priced into the stock today.Sustainable GrowthMoving on to the "Sustainable Growth" phase, Apple's stock could be valued as low as 13x (amid concerns over the hardware business, no signs of innovation, slowdown of other products) and as high as 16x (sustainable growth in hardware, installed base-centric view of Apple, other products gaining traction).Innovation PhaseIf Apple remains quiet on new product lines, then investors would rightfully "fret about the sustainability" of the hardware business. This could drive Apple's stock multiple to 11–13x. On the other hand, if investors see a "large new wave to ride" then Apple's multiple could move as high as 17x.Path To $200 Per ShareThe analyst's most likely outcome assumes Apple's stock will trade at around $175 per share within two to three years. This is based on a 12 percent iPhone unit growth in fiscal 2018 and 7 percent in fiscal 2019.Apple's stock multiple will move slightly lower to 14x, which is still a premium to historic levels but below today's level.A more optimistic model derives a $200 valuation by fiscal 2019. The analyst is assuming Apple will show strong growth in its "other hardware" (3/28/2017)
• 5. Needham & Company LLC analysts commented, "When we put a $150 target price on AAPL last March, some said we were crazy. Now AAPL is within 6% of our target price, and we raise our FY18 estimates and Target Price to $165, and lower our rating from Strong Buy to Buy. AAPL remains our top stock pick owing to RAPID: a) Recurring revenue streams imply higher earnings growth and valuations; b) Arms dealer in a rising tide; c) Pure play on strong mobile growth; d) Inexpensive, especially because it has higher profit margins than DIS and CBS and higher asset efficiency than FB and EXPE, but much lower valuations; and e) Downside protection from its 'sequel' strategy, excess cash, dividends and share repurchases. AAPL's GAAP FY18E P/E is 13.9x, which ignores AAPL's excess cash. Adjusting for AAPL's excess cash, its P/E is 11.6-12.8x (depending on tax rate)." (3/24/2017)

Apple saw a increase in short interest in July. As of July 31st, there was short interest totalling 40,313,086 shares, an increase of 3.0% from the July 14th total of 39,149,942 shares. Based on an average daily trading volume, of 21,077,778 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.8% of the shares of the stock are short sold.

Some companies that are related to Apple include HP (HPQ), Hewlett Packard Enterprise Company (HPE), Seagate Technology PLC (STX), Logitech International S.A. (LOGI), Electronics for Imaging (EFII), Synaptics Incorporated (SYNA), Knowles Corporation (KN), ScanSource (SCSC), PC Connection (CNXN), Xaar plc (XAR), Quantum Corporation (QTM), Focusrite PLC (TUNE), Key Tronic Corporation (KTCC), RadiSys Corporation (RSYS), Digital River (DRIV), Domino Printing Sciences Plc (DNO), EMC (EMC) and Fusion-IO (FIO).

Apple's management team includes the folowing people:

• Art D. Levinson Ph.D., Independent Chairman of the Board
• Timothy D. Cook, Chief Executive Officer, Director
• Luca Maestri, Chief Financial Officer, Senior Vice President, Principal Accounting Officer
• Jeff Williams, Chief Operating Officer
• Durward Bruce Sewell, Senior Vice President, General Counsel, Secretary
• Phil Schiller, Senior Vice President - Worldwide Marketing
• Angela J. Ahrendts, Senior Vice President - Retail and Online Stores
• Eddy Cue, Senior Vice President - Internet Software and Services
• Craig Federighi, Senior Vice President - Software Engineering
• Daniel J. Riccio Jr, Senior Vice President - Hardware Engineering

Apple's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.62%), BlackRock Inc. (6.06%), State Street Corp (4.11%), FMR LLC (3.04%), Berkshire Hathaway Inc. (2.52%) and Northern Trust Corp (1.27%). Company insiders that own Apple stock include Albert Gore Jr, Angela J Ahrendts, Arthur D Levinson, Chris Kondo, Craig Federighi, D Bruce Sewell, Daniel J Riccio, Eduardo H Cue, Jeffrey E Williams, Johny Srouji, Luca Maestri, Philip W Schiller and Timothy D Cook. View Institutional Ownership Trends for Apple.

Apple's stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, FMR LLC, Bank of New York Mellon Corp, Capital World Investors, Ameriprise Financial Inc., Vanguard Group Inc., Alliancebernstein L.P. and MUFG Securities EMEA plc. Company insiders that have sold Apple stock in the last year include Albert Gore Jr, Angela J Ahrendts, Arthur D Levinson, Chris Kondo, Craig Federighi, D Bruce Sewell, Daniel J Riccio, Eduardo H Cue, Jeffrey E Williams, Johny Srouji, Luca Maestri, Philip W Schiller and Timothy D Cook. View Insider Buying and Selling for Apple.

Apple's stock was acquired by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Harbour Capital Advisors LLC, Capital Research Global Investors, Arrowstreet Capital Limited Partnership, Principal Financial Group Inc., Parametric Portfolio Associates LLC, State of Wisconsin Investment Board and Cambridge Investment Research Advisors Inc.. View Insider Buying and Selling for Apple.

Shares of Apple can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Apple stock can currently be purchased for approximately $157.50.