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 topic of several recent analyst reports. Loop Capital lowered their target price on shares of Apple from $210.00 to $180.00 and set a "buy" rating on the stock in a research note on Wednesday, May 25th. Wedbush increased their price target on shares of Apple from $200.00 to $220.00 and gave the stock an "outperform" rating in a report on Wednesday. Wells Fargo & Company decreased their price target on shares of Apple from $205.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday, July 20th. Credit Suisse Group raised shares of Apple from a "neutral" rating to an "outperform" rating and set a $201.00 price target on the stock in a report on Tuesday. Finally, Sanford C. Bernstein set a $170.00 price target on shares of Apple in a report on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have given a buy rating and one has given 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 $180.94.

Apple Stock Down 0.2 %

Shares of AAPL opened at $174.15 on Friday. The company has a market cap of $2.80 trillion, a PE ratio of 28.74, a P/E/G ratio of 2.24 and a beta of 1.23. The business has a fifty day moving average of $150.45 and a 200 day moving average of $157.51. Apple has a 52-week low of $129.04 and a 52-week high of $182.94. 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 (NASDAQ:AAPL - Get Rating) last released its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $82.97 billion. During the same quarter last year, the firm posted $1.30 earnings per share. The business's revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts expect that Apple will post 6.1 EPS for the current year.

Apple Announces Dividend

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

Insiders Place Their Bets

In other news, SVP Katherine L. Adams sold 25,000 shares of the firm's stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the transaction, the senior vice president now owns 427,334 shares in the company, valued at $70,411,823.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.06% of the company's stock.