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.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AAPL. Evercore ISI increased their price target on Apple from $180.00 to $185.00 in a research note on Friday, July 29th. The Goldman Sachs Group set a $139.00 price objective on shares of Apple in a research report on Friday, July 29th. Piper Sandler lowered their price objective on shares of Apple from $200.00 to $195.00 in a research report on Friday, April 29th. Wells Fargo & Company lowered their price objective on shares of Apple from $205.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, July 20th. Finally, Sanford C. Bernstein set a $170.00 price objective on shares of Apple in a research note on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and an average price target of $179.27.

Apple Price Performance

Shares of NASDAQ:AAPL traded down $0.35 on Monday, hitting $171.75. The company had a trading volume of 315,628 shares, compared to its average volume of 89,334,672. The company has a current ratio of 0.86, a quick ratio of 0.82 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 business has a 50 day moving average of $148.26 and a 200 day moving average of $157.27. The company has a market cap of $2.76 trillion, a PE ratio of 28.40, a PEG ratio of 2.23 and a beta of 1.23.

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

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 8th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Friday, August 5th. Apple's dividend payout ratio (DPR) is presently 15.18%.

Insider Activity

In related news, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction on 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 transaction, the senior vice president now directly owns 427,334 shares in the company, valued at approximately $70,411,823.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is owned by insiders.