Apple Company Profile (NASDAQ:AAPL)

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

Apple announced a quarterly dividend on Tuesday, May 2nd. Investors of record on Monday, May 15th will be given a dividend of $0.63 per share on Thursday, May 18th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, May 11th. This is a positive change from Apple's previous quarterly dividend of $0.57. View Apple's Dividend History.

Apple's stock split before market open on Monday, June 9th 2014. The 7-1 split was announced on Wednesday, April 23rd 2014. The newly issued shares were issued to shareholders after the closing bell 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 Inc. (NASDAQ:AAPL) released its quarterly earnings data on Tuesday, May, 2nd. The company reported $2.10 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $2.02 by $0.08. The company had revenue of $52.90 billion for the quarter, compared to the consensus estimate of $52.61 billion. Apple had a return on equity of 34.94% and a net margin of 20.73%. View Apple's Earnings History.

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

48 equities research analysts have issued 1 year price targets for Apple's shares. Their forecasts range from $110.00 to $202.00. On average, they anticipate Apple's share price to reach $159.14 in the next year. View Analyst Ratings for Apple.

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

• 1. 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)
• 2. 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)
• 3. Royal Bank of Canada analysts commented, "There has been increased focus on AAPL's services business over last 12+ months and recently the company noted that they intend to double the business in the next 4 years ($48-50B target by FY20). While we think the growth of install base and replacement cycles remain key drivers for AAPL stock, the services model could provide several tailwinds ' 1) Gross-margin annual tailwind of 40-60bps, 2) Accelerate ARPU as AAPL is better able to monetize iOS platform and 3) Create a better valuation narrative for AAPL. Maintain OP but increasing our target to $155 from $140 as we see three distinct catalysts ahead: 1) Capital allocation and cash repatriation, 2) iPhone 8 cycle and 3) Services tailwind." (3/15/2017)
• 4. Drexel Hamilton analysts commented, "We believe the earlier than typical Chinese New Year in 2017 negatively impacted January and thus sales were helped a bit in February." (3/10/2017)
• 5. BGC Financial analysts commented, "Apple reported December quarter results that had plenty of chinks but did not show a meaningful decline to support a negative thesis on the stock. Our issues with Apple's dependence on the sale of iPhone hardware to drive results are still intact, but a catalyst for a meaningful pull back in the stock has passed in our view and we change our rating to HOLD from SELL. Regarding the results, The iPhone drove 69% of total December revenue, the highest contribution since the December 2014 quarter, pushing Apple shares approximately back to the level they were trading at two years ago. While there was enthusiasm for the quarterly results, the enthusiasm is driven by our view of low expectations for the company.." (2/1/2017)

Apple saw a increase in short interest in the month of May. As of May 15th, there was short interest totalling 49,908,997 shares, an increase of 10.3% from the April 28th total of 45,231,755 shares. Based on an average daily trading volume, of 34,196,323 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.0% of the company's stock are sold short.

Some companies that are related to Apple include Alphabet (GOOGL), Alphabet (GOOG), Microsoft (MSFT), Facebook (FB), Tencent Holdings Ltd (TCEHY), AT&T (T), China Mobile (CHL), Oracle (ORCL), Verizon Communications (VZ), Taiwan Semiconductor Mfg. Co. (TSM), Intel (INTC), Cisco Systems (CSCO), International Business Machines Corp. (IBM), SAP SE (SAP), Siemens AG (SIEGY), Broadcom Ltd (AVGO), NTT Docomo (DCM) and Softbank Corp. (Japan) (SFTBY).

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 variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (0.00%), State Street Corp (4.22%), FMR LLC (0.00%), Bank of New York Mellon Corp (1.10%), Geode Capital Management LLC (0.00%) and Wellington Management Group LLP (0.00%). 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 SG Americas Securities LLC, American Century Companies Inc., Nordea Investment Management AB, Steadfast Capital Management LP, CIBC World Markets Inc., APG Asset Management N.V., Janus Capital Management LLC and Wedgewood Partners Inc.. 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 purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., FMR LLC, Wellington Management Group LLP, Swiss National Bank, Geode Capital Management LLC, Karp Capital Management Corp, Waddell & Reed Financial Inc. and Jennison Associates LLC. 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 $153.61.