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

AAPL has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on shares of Apple in a research report on Monday, August 1st. Wells Fargo & Company cut their target price on shares of Apple from $205.00 to $185.00 and set an "overweight" rating for the company in a research note on Wednesday, July 20th. Sanford C. Bernstein set a $170.00 target price on shares of Apple in a research note on Monday, May 2nd. UBS Group set a $185.00 target price on shares of Apple in a research note on Thursday, July 21st. Finally, Rosenblatt Securities cut their target price on shares of Apple from $168.00 to $160.00 and set a "neutral" rating for the company in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and an average price target of $179.27.

Apple Price Performance

Apple stock opened at $169.24 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63. Apple has a 52-week low of $129.04 and a 52-week high of $182.94. The firm has a market cap of $2.72 trillion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 2.14 and a beta of 1.23. The company's 50 day moving average is $146.97 and its two-hundred day moving average is $157.08.

Apple (NASDAQ:AAPL - Get Rating) last announced its quarterly earnings data 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 return on equity of 152.97% and a net margin of 25.71%. The business had revenue of $82.96 billion for the quarter, compared to analysts' expectations of $82.97 billion. During the same period last year, the firm earned $1.30 earnings per share. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. On average, research analysts expect that Apple will post 6.1 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 11th. Shareholders of record on Monday, August 8th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Friday, August 5th. Apple's dividend payout ratio is currently 15.18%.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total value of $4,119,250.00. Following 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is owned by corporate insiders.