Apple - AAPL Stock Forecast, Price & News

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch. Further, it provides AppleCare support services; cloud services store services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts. Additionally, the company offers various services, such as Apple Arcade, a game subscription service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the 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 incorporated in 1977 and is headquartered in Cupertino, California.

Analyst Ratings Changes

A number of research analysts have recently commented on AAPL shares. Citigroup increased their target price on shares of Apple from $175.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, July 29th. Fundamental Research set a $177.07 target price on shares of Apple and gave the stock a "buy" rating in a report on Thursday, August 4th. Deutsche Bank Aktiengesellschaft set a $175.00 target price on shares of Apple in a report on Monday, August 1st. UBS Group set a $185.00 target price on shares of Apple in a report on Thursday, July 21st. Finally, Piper Sandler dropped their price objective on shares of Apple from $200.00 to $195.00 in a report on Friday, April 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $179.27.

Apple Trading Up 2.1 %

Shares of AAPL Stock traded up $3.61 during trading hours on Friday, hitting $172.10. 67,414,652 shares of the company were exchanged, compared to its average volume of 89,909,703. The firm has a market cap of $2.77 trillion, a P/E ratio of 28.40, a P/E/G ratio of 2.19 and a beta of 1.23. Apple has a fifty-two week low of $129.04 and a fifty-two week high of $182.94. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.82 and a current ratio of 0.86. The company has a 50 day simple moving average of $147.72 and a two-hundred day simple moving average of $157.21.

Apple (NASDAQ:AAPL - Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.06. Apple had a net margin of 25.71% and a return on equity of 152.97%. The business had revenue of $82.96 billion during the quarter, compared to the consensus estimate of $82.97 billion. During the same quarter last year, the firm posted $1.30 EPS. Apple's revenue was up 1.9% compared to the same quarter last year. Equities analysts anticipate that Apple will post 6.1 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, August 5th. Apple's payout ratio is currently 15.18%.

Insider Activity at Apple

In related news, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the completion of the sale, the senior vice president now owns 427,334 shares of the company's stock, valued at approximately $70,411,823.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.06% of the stock is currently owned by insiders.