NASDAQ:AAPLApple Stock Price, Forecast & News

$267.99

+1.92 (+0.72 %)

(As of 04/10/2020 06:00 AM ET)

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Today's Range

$264.70

Now: $267.99▼

$270.07

50-Day Range

$224.37

MA: $269.72▼

$323.62

52-Week Range

$170.27

Now: $267.99▼

$327.85

Volume40.44 million shs

Average Volume65.06 million shs

Market Capitalization$1.17 trillion

P/E Ratio21.17

Dividend Yield1.16%

Beta1.17

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories. It also provides digital content stores and streaming services; AppleCare support services; and iCloud, a cloud service, which stores music, photos, contacts, calendars, mail, documents, and others. In addition, the company offers various service, such as Apple Arcade, a game subscription service; Apple Card, a co-branded credit card; Apple News+, a subscription news and magazine service; and Apple Pay, a cashless payment service, as well as licenses its intellectual property, and provides other related services. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It sells and delivers third-party applications for its products through the App Store, Mac App Store, and Watch App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was founded in 1977 and is headquartered in Cupertino, California.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Apple has received a consensus rating of Buy. The company's average rating score is 2.62, and is based on 29 buy ratings, 10 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $298.83, Apple has a potential upside of 11.5% from its current price of $267.99.
Amount of Analyst Coverage
Apple has been the subject of 32 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.7 Community Rank

Outperform Votes
Apple has received 6,731 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Apple has received 2,443 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Apple has received 73.37% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Apple and other stocks. Vote “Outperform” if you believe AAPL will outperform the S&P 500 over the long term. Vote “Underperform” if you believe AAPL will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Apple is a leading dividend payer. It pays a dividend yield of 1.16%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Apple has been increasing its dividend for 7 years.
Dividend Coverage
The dividend payout ratio of Apple is 25.90 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Apple will have a dividend payout ratio of 19.94 % next year. This indicates that Apple will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Apple insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $21,207,018.00 in company stock.
Percentage Held by Insiders
Only 0.05% of the stock of Apple is held by insiders.
Percentage Held by Institutions
60.69% of the stock of Apple is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Apple are expected to grow by 23.60% in the coming year, from $12.50 to $15.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Apple is 21.17, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 12.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of Apple is 21.17, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 34.79.
Price to Earnings Growth Ratio
Apple has a PEG Ratio of 2.00. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Apple has a P/B Ratio of 13.16. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.81 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Electronic computers

Sub-IndustryComputer Hardware

SectorComputer and Technology

Current SymbolNASDAQ:AAPL

Previous Symbol

CUSIP03783310

CIK320193

Webhttp://www.apple.com/

Phone408-996-1010

Debt

Debt-to-Equity Ratio1.04

Current Ratio1.60

Quick Ratio1.56

Price-To-Earnings

Trailing P/E Ratio21.17

Forward P/E Ratio21.44

P/E Growth2

Sales & Book Value

Annual Sales$260.17 billion

Price / Sales4.51

Cash Flow$15.37 per share

Price / Cash Flow17.44

Book Value$20.36 per share

Price / Book13.16

Profitability

EPS (Most Recent Fiscal Year)$11.89

Net Income$55.26 billion

Net Margins21.49%

Return on Equity60.19%

Return on Assets17.13%

Miscellaneous

Employees137,000

Outstanding Shares4,375,480,000

Market Cap$1.17 trillion

Next Earnings Date5/5/2020 (Estimated)

OptionableOptionable

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Apple (NASDAQ:AAPL) Frequently Asked Questions

How has Apple's stock been impacted by COVID-19 (Coronavirus)?

Apple's stock was trading at $275.43 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AAPL shares have decreased by 2.7% and is now trading at $267.99. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Apple?

42 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Apple in the last year. There are currently 3 sell ratings, 10 hold ratings and 29 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Apple.

When is Apple's next earnings date?

Apple is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Apple.

How were Apple's earnings last quarter?

Apple Inc. (NASDAQ:AAPL) announced its earnings results on Tuesday, January, 28th. The iPhone maker reported $4.99 EPS for the quarter, topping the consensus estimate of $4.54 by $0.45. The iPhone maker had revenue of $91.80 billion for the quarter, compared to analyst estimates of $88.41 billion. Apple had a return on equity of 60.19% and a net margin of 21.49%. Apple's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.18 earnings per share. View Apple's earnings history.

How often does Apple pay dividends? What is the dividend yield for Apple?

Apple announced a quarterly dividend on Tuesday, January 28th. Shareholders of record on Monday, February 10th will be given a dividend of $0.77 per share on Thursday, February 13th. This represents a $3.08 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, February 7th. View Apple's dividend history.

When did Apple's stock split? How did Apple's stock split work?

Apple's stock split 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 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.

How will Apple's stock buyback program work?

Apple declared that its board has initiated a share repurchase plan on Tuesday, April 30th 2019, which authorizes the company to repurchase $75,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 7.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

What guidance has Apple issued on next quarter's earnings?

Apple updated its second quarter 2020 After-Hours earnings guidance on Tuesday, January, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $63-67 billion, compared to the consensus revenue estimate of $62.45 billion.

What price target have analysts set for AAPL?

42 equities research analysts have issued 1-year target prices for Apple's stock. Their forecasts range from $155.00 to $370.00. On average, they expect Apple's stock price to reach $298.83 in the next year. This suggests a possible upside of 11.5% from the stock's current price. View analysts' price targets for Apple.

What are Wall Street analysts saying about Apple stock?

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

1. JPMorgan Chase & Co. analysts commented, "NEW YORK (dpa-AFX Analyser) – Die US-Bank JPMorgan hat das Kursziel fur Apple von 350 auf 335 US-Dollar gesenkt und die Einstufung auf Overweight" belassen. Angesichts der Beschrankungen in den Apple-Filialen seien die Erwartungen an den Absatz im zweiten und tendenziell auch im dritten Quartal gesunken, schrieb Analyst Samik Chatterjee in einer am Mittwoch vorliegenden Studie. Entsprechend deutlich habe er seine Umsatzerwartungen fur das zweite Quartal gesenkt. Das Online-Geschaft durfte die Ausfalle im Filialhandel nicht ganzlich ausgleichen./mf/bek Veroffentlichung der Original-Studie: 08.04.2020 / 02:31 / BST Erstmalige Weitergabe der Original-Studie: 08.04.2020 / 02:32 / BST Hinweis: Informationen zur Offenlegungspflicht bei Interessenkonflikten im Sinne von § 85 Abs. 1 WpHG, Art. 20 VO (EU) 596/2014 fur das genannte Analysten-Haus finden Sie unter http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html." (4/8/2020)
2. According to Zacks Investment Research, "Apple’s first-quarter fiscal 2020 results reflected continued momentum in the Services segment and a rebound in iPhone sales, which grew on a year-over-year basis. Customer response was exceptional for new iPhone 11, 11 Pro and 11 Pro Max. Moreover, sales benefited from trade-in programs, which doubled on a year-over-year basis. Wearables’ top-line growth was aided by strong demand for Apple Watch and AirPod. AirPod sales benefited from the launch of AirPod Pro, which features active noise cancellation. Moreover, Apple Watch’s adoption rate grew rapidly. The solid adoption of Apple Watch is now helping the iPhone maker strengthen presence in the personal health monitor space.The Phase One deal between the United States and China is also a positive. Shares have outperformed the industry in the past year." (1/30/2020)
3. Rosenblatt Securities analysts commented, "We believe there is less reward for owning Apple stock after the recent stock rebound from stock buybacks and stable second quarter guidance. We do not think Apple is a short (the company has plenty of cash and a meaningful stock buy back program), however, we believe Apple will face fundamental deterioration over the next 6-12 months. We downgrade and maintain our $150 price target. Adding to our Sell thesis, we believe new iPhone sales will be disappointing, iPad sales growth will slow in the second half of 2019, other product sales growth, such as the HomePod, AirPod and iWatch, may not be meaningful to support total revenue growth. After strong service revenue growth over the last 4-6 quarters and the launch of Apple Music and news, we believe service revenue growth will also decelerate." (7/8/2019)

Has Apple been receiving favorable news coverage?

News articles about AAPL stock have been trending very negative recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Apple earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave news coverage about the iPhone maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutApple.

Are investors shorting Apple?

Apple saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 38,427,900 shares, an increase of 32.5% from the February 27th total of 29,010,000 shares. Based on an average daily trading volume, of 63,426,000 shares, the short-interest ratio is presently 0.6 days. Approximately 0.9% of the shares of the stock are short sold. View Apple's Current Options Chain.

Who are some of Apple's key competitors?

Some companies that are related to Apple include Dell (DELL), HP (HPQ), NCR (NCR), Super Micro Computer (SMCI), 3D Systems (DDD), Stratasys (SSYS), Diebold Nixdorf (DBD), Avid Technology (AVID) and Kopin (KOPN).

What other stocks do shareholders of Apple own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Apple investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), General Electric (GE), Netflix (NFLX), Tesla (TSLA), Walt Disney (DIS), Canopy Growth (CGC), Bank of America (BAC) and AT&T (T).

Who are Apple's key executives?

Apple's management team includes the following people:

Mr. Timothy D. Cook, CEO & Director (Age 59, Pay $11.56M)
Mr. Luca Maestri, CFO & Sr. VP (Age 56, Pay $3.58M)
Mr. Jeffrey E. Williams, Chief Operating Officer (Age 56, Pay $3.57M)
Ms. Katherine L. Adams, Sr. VP, Gen. Counsel & Sec. (Age 56, Pay $3.6M)
Ms. Deirdre O'Brien, Sr. VP of People & Retail (Age 53, Pay $2.69M)

What is Apple's stock symbol?

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

Who are Apple's major shareholders?

Apple's stock is owned by many different institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.02%), IFM Investors Pty Ltd (0.01%), Independent Investors Inc. (0.01%), Hexavest Inc. (0.01%), Clifford Swan Investment Counsel LLC (0.01%) and Investment House LLC (0.01%). Company insiders that own Apple stock include Angela J Ahrendts, Arthur D Levinson, Chris Kondo, Craig Federighi, Daniel J Riccio, Deirdre O'brien, Jeffrey E Williams, Johny Srouji, Luca Maestri and Timothy D Cook. View institutional ownership trends for Apple.

Which institutional investors are selling Apple stock?

AAPL stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., Cacti Asset Management LLC, Cullinan Associates Inc., Sanders Morris Harris LLC, Gradient Investments LLC, Gillespie Robinson & Grimm Inc., IFM Investors Pty Ltd, and Verity & Verity LLC. Company insiders that have sold Apple company stock in the last year include Arthur D Levinson, Chris Kondo, Deirdre O'brien, Jeffrey E Williams, Luca Maestri, and Timothy D Cook. View insider buying and selling activity for Apple.

Which institutional investors are buying Apple stock?

AAPL stock was bought by a variety of institutional investors in the last quarter, including Polaris Greystone Financial Group LLC, M&G Investment Management Ltd., State of Alaska Department of Revenue, IBM Retirement Fund, CHICAGO TRUST Co NA, Centric Wealth Management, Provenire Capital LLC, and McMahon Financial Advisors LLC. View insider buying and selling activity for Apple.

How do I buy shares of Apple?

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

What is Apple's stock price today?

One share of AAPL stock can currently be purchased for approximately $267.99.

How big of a company is Apple?

Apple has a market capitalization of $1.17 trillion and generates $260.17 billion in revenue each year. The iPhone maker earns $55.26 billion in net income (profit) each year or $11.89 on an earnings per share basis. Apple employs 137,000 workers across the globe. View additional information about Apple.

What is Apple's official website?

The official website for Apple is http://www.apple.com/.

How can I contact Apple?

Apple's mailing address is ONE APPLE PARK WAY, CUPERTINO CA, 95014. The iPhone maker can be reached via phone at 408-996-1010 or via email at [email protected]

This page was last updated on 4/10/2020 by MarketBeat.com Staff

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