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.

Apple Price Performance

NASDAQ:AAPL opened at $174.55 on Thursday. 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 stock has a fifty day moving average of $149.82 and a 200 day moving average of $157.52. Apple has a 52-week low of $129.04 and a 52-week high of $182.94. The firm has a market capitalization of $2.81 trillion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 2.24 and a beta of 1.23.

Apple (NASDAQ:AAPL - Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $82.96 billion during the quarter, compared to analyst estimates of $82.97 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. The company's revenue 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 firm also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were issued a dividend of $0.23 per share. 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 dividend payout ratio is presently 15.18%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Rosenblatt Securities decreased their target price on Apple from $168.00 to $160.00 and set a "neutral" rating for the company in a research note on Friday, July 29th. Bank of America dropped their target price on Apple from $200.00 to $185.00 in a report on Tuesday, July 26th. Itau BBA Securities initiated coverage on Apple in a report on Tuesday, July 26th. They issued an "underperform" rating and a $136.00 target price on the stock. Itaú Unibanco initiated coverage on Apple in a report on Tuesday, July 26th. They issued an "underperform" rating and a $136.00 target price on the stock. Finally, Oppenheimer restated an "outperform" rating and issued a $190.00 target price on shares of Apple in a report on Wednesday, June 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Apple has an average rating of "Moderate Buy" and a consensus price target of $180.94.

Insider Activity at Apple

In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the company's stock in a transaction that occurred 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 approximately $70,411,823.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is owned by company insiders.