NASDAQ:AAPLApple Stock Price, Forecast & News

$317.94

-0.31 (-0.10 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$316.47

Now: $317.94▼

$321.15

50-Day Range

$266.07

MA: $295.22▼

$319.23

52-Week Range

$170.27

Now: $317.94▼

$327.85

Volume38.26 million shs

Average Volume33.16 million shs

Market Capitalization$1.38 trillion

P/E Ratio24.94

Dividend Yield1.03%

Beta1.17

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories. It also provides digital content stores and streaming services; AppleCare support services; and iCloud, a cloud service, which stores music, photos, contacts, calendars, mail, documents, and others. In addition, the company offers various service, such as Apple Arcade, a game subscription service; Apple Card, a co-branded credit card; Apple News+, a subscription news and magazine service; and Apple Pay, a cashless payment service, as well as licenses its intellectual property, and provides other related services. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It sells and delivers third-party applications for its products through the App Store, Mac App Store, and Watch 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 founded in 1977 and is headquartered in Cupertino, California.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
Apple has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 28 buy ratings, 11 hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $301.68, Apple has a potential downside of 5.1% from its current price of $317.94.
Amount of Analyst Coverage
Apple has been the subject of 30 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.7 Community Rank

Outperform Votes
Apple has received 6,778 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Apple has received 2,458 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Apple has received 73.39% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Apple and other stocks. Vote “Outperform” if you believe AAPL will outperform the S&P 500 over the long term. Vote “Underperform” if you believe AAPL will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Apple is a leading dividend payer. It pays a dividend yield of 1.03%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Apple has been increasing its dividend for 7 years.
Dividend Coverage
The dividend payout ratio of Apple is 27.59 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Apple will have a dividend payout ratio of 21.59 % next year. This indicates that Apple will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Apple insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $24,750,125.00 in company stock.
Percentage Held by Insiders
Only 0.05% of the stock of Apple is held by insiders.
Percentage Held by Institutions
61.95% of the stock of Apple is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Apple are expected to grow by 23.60% in the coming year, from $12.29 to $15.19 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Apple is 24.94, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of Apple is 24.94, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.91.
Price to Earnings Growth Ratio
Apple has a PEG Ratio of 2.43. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Apple has a P/B Ratio of 17.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.60 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Electronic computers

Sub-IndustryComputer Hardware

SectorComputer and Technology

Current SymbolNASDAQ:AAPL

Previous Symbol

CUSIP03783310

CIK320193

Webwww.apple.com

Phone408-996-1010

Debt

Debt-to-Equity Ratio1.14

Current Ratio1.50

Quick Ratio1.46

Price-To-Earnings

Trailing P/E Ratio24.94

Forward P/E Ratio25.87

P/E Growth2.43

Sales & Book Value

Annual Sales$260.17 billion

Price / Sales5.30

Cash Flow$15.24 per share

Price / Cash Flow20.86

Book Value$18.09 per share

Price / Book17.58

Profitability

EPS (Most Recent Fiscal Year)$11.89

Net Income$55.26 billion

Net Margins21.35%

Return on Equity64.49%

Return on Assets17.32%

Miscellaneous

Employees137,000

Outstanding Shares4,334,330,000

Market Cap$1.38 trillion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Apple (NASDAQ:AAPL) Frequently Asked Questions

How has Apple's stock been impacted by COVID-19 (Coronavirus)?

Apple's stock was trading at $275.43 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, AAPL shares have increased by 15.4% and is now trading at $317.94. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Apple?

43 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Apple in the last year. There are currently 4 sell ratings, 11 hold ratings and 28 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Apple.

When is Apple's next earnings date?

Apple is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Apple.

How were Apple's earnings last quarter?

Apple Inc. (NASDAQ:AAPL) posted its quarterly earnings data on Thursday, April, 30th. The iPhone maker reported $2.55 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $2.26 by $0.29. The iPhone maker earned $58.31 billion during the quarter, compared to the consensus estimate of $54.64 billion. Apple had a net margin of 21.35% and a return on equity of 64.49%. The firm's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.46 EPS. View Apple's earnings history.

How often does Apple pay dividends? What is the dividend yield for Apple?

Apple declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Monday, May 11th will be given a dividend of $0.82 per share on Thursday, May 14th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, May 8th. This is an increase from Apple's previous quarterly dividend of $0.77. View Apple's dividend history.

When did Apple's stock split? How did Apple's stock split work?

Apple shares split on Monday, June 9th 2014. The 7-1 split was announced on Wednesday, April 23rd 2014. The newly created shares were issued to shareholders after the market closes on Friday, June 6th 2014. An investor that had 100 shares of Apple stock prior to the split would have 700 shares after the split.

How will Apple's stock buyback program work?

Apple declared that its board has approved a share buyback program on Tuesday, April 30th 2019, which permits the company to repurchase $75,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 7.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

What price target have analysts set for AAPL?

43 analysts have issued twelve-month target prices for Apple's shares. Their forecasts range from $155.00 to $370.00. On average, they expect Apple's stock price to reach $301.68 in the next year. This suggests that the stock has a possible downside of 5.1%. View analysts' price targets for Apple.

What are Wall Street analysts saying about Apple stock?

Here are some recent quotes from research analysts about Apple stock:

1. Goldman Sachs Group Inc analysts commented, "NEW YORK (dpa-AFX Analyser) – Die US-Investmentbank Goldman Sachs hat Apple von Neutral" auf Sell" abgestuft und das Kursziel von 250 auf 233 US-Dollar gesenkt. Die Auswirkungen der Corona-Krise auf die allgemeine Wirtschaft und einige Endmarkte von Technologieunternehmen seien betrachtlich, schrieb Analyst Rod Hall in einer am Freitag vorliegenden Studie zur Branche. Er reduzierte die Prognose fur die im kommenden Jahr abgesetzten iPhones um sieben Prozent./bek/ag Veroffentlichung der Original-Studie: 16.04.2020 / 22:12 / PDT Erstmalige Weitergabe der Original-Studie: Datum in Studie nicht angegeben / Uhrzeit in Studie nicht angegeben / Zeitzone in Studie nicht angegeben Hinweis: Informationen zur Offenlegungspflicht bei Interessenkonflikten im Sinne von § 85 Abs. 1 WpHG, Art. 20 VO (EU) 596/2014 fur das genannte Analysten-Haus finden Sie unter http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html." (4/17/2020)
2. JPMorgan Chase & Co. analysts commented, "NEW YORK (dpa-AFX Analyser) – Die US-Bank JPMorgan hat das Kursziel fur Apple von 350 auf 335 US-Dollar gesenkt und die Einstufung auf Overweight" belassen. Angesichts der Beschrankungen in den Apple-Filialen seien die Erwartungen an den Absatz im zweiten und tendenziell auch im dritten Quartal gesunken, schrieb Analyst Samik Chatterjee in einer am Mittwoch vorliegenden Studie. Entsprechend deutlich habe er seine Umsatzerwartungen fur das zweite Quartal gesenkt. Das Online-Geschaft durfte die Ausfalle im Filialhandel nicht ganzlich ausgleichen./mf/bek Veroffentlichung der Original-Studie: 08.04.2020 / 02:31 / BST Erstmalige Weitergabe der Original-Studie: 08.04.2020 / 02:32 / BST Hinweis: Informationen zur Offenlegungspflicht bei Interessenkonflikten im Sinne von § 85 Abs. 1 WpHG, Art. 20 VO (EU) 596/2014 fur das genannte Analysten-Haus finden Sie unter http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html." (4/8/2020)
3. According to Zacks Investment Research, "Apple’s first-quarter fiscal 2020 results reflected continued momentum in the Services segment and a rebound in iPhone sales, which grew on a year-over-year basis. Customer response was exceptional for new iPhone 11, 11 Pro and 11 Pro Max. Moreover, sales benefited from trade-in programs, which doubled on a year-over-year basis. Wearables’ top-line growth was aided by strong demand for Apple Watch and AirPod. AirPod sales benefited from the launch of AirPod Pro, which features active noise cancellation. Moreover, Apple Watch’s adoption rate grew rapidly. The solid adoption of Apple Watch is now helping the iPhone maker strengthen presence in the personal health monitor space.The Phase One deal between the United States and China is also a positive. Shares have outperformed the industry in the past year." (1/30/2020)

Has Apple been receiving favorable news coverage?

Media coverage about AAPL stock has been trending very negative this week, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Apple earned a news impact score of -3.7 on InfoTrie's scale. They also assigned press coverage about the iPhone maker a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutApple.

Are investors shorting Apple?

Apple saw a drop in short interest in May. As of May 15th, there was short interest totaling 30,120,000 shares, a drop of 13.0% from the April 30th total of 34,640,000 shares. Based on an average trading volume of 50,350,000 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.7% of the company's shares are short sold. View Apple's Current Options Chain.

Who are some of Apple's key competitors?

Some companies that are related to Apple include Dell (DELL), HP (HPQ), NCR (NCR), Super Micro Computer (SMCI), Stratasys (SSYS), 3D Systems (DDD), Diebold Nixdorf (DBD), Avid Technology (AVID) and Kopin (KOPN). View all competitors.

What other stocks do shareholders of Apple own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Apple investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), General Electric (GE), Netflix (NFLX), Tesla (TSLA), Walt Disney (DIS), Canopy Growth (CGC), AT&T (T) and Alphabet (GOOG).

Who are Apple's key executives?

Apple's management team includes the following people:

Mr. Timothy D. Cook, CEO & Director (Age 59, Pay $11.56M)
Mr. Luca Maestri, CFO & Sr. VP (Age 56, Pay $3.58M)
Mr. Jeffrey E. Williams, Chief Operating Officer (Age 56, Pay $3.57M)
Ms. Katherine L. Adams, Sr. VP, Gen. Counsel & Sec. (Age 56, Pay $3.6M)
Ms. Deirdre O'Brien, Sr. VP of People & Retail (Age 53, Pay $2.69M)

What is Apple's stock symbol?

Apple trades on the NASDAQ under the ticker symbol "AAPL."

Who are Apple's major shareholders?

Apple's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.28%), State Street Corp (4.17%), Advisor Group Holdings Inc. (2.69%), Geode Capital Management LLC (1.48%), Morgan Stanley (0.80%) and Legal & General Group Plc (0.62%). Company insiders that own Apple stock include Angela J Ahrendts, Arthur D Levinson, Chris Kondo, Craig Federighi, Deirdre O'brien, Jeffrey E Williams, Johny Srouji, Luca Maestri and Timothy D Cook. View institutional ownership trends for Apple.

Which institutional investors are selling Apple stock?

AAPL stock was sold by a variety of institutional investors in the last quarter, including Johanson Financial Advisors Inc., BlackRock Inc., Magellan Asset Management Ltd, State Street Corp, Morgan Stanley, Alliancebernstein L.P., Capital International Investors, and WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST. Company insiders that have sold Apple company stock in the last year include Arthur D Levinson, Chris Kondo, Deirdre O'brien, Jeffrey E Williams, Luca Maestri, and Timothy D Cook. View insider buying and selling activity for Apple.

Which institutional investors are buying Apple stock?

AAPL stock was purchased by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., Wellington Management Group LLP, Swiss National Bank, Capital Research Global Investors, Janus Henderson Group PLC, Geode Capital Management LLC, Two Sigma Advisers LP, and Sumitomo Mitsui Trust Holdings Inc.. View insider buying and selling activity for Apple.

How do I buy shares of Apple?

Shares of AAPL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Apple's stock price today?

One share of AAPL stock can currently be purchased for approximately $317.94.

How big of a company is Apple?

Apple has a market capitalization of $1.38 trillion and generates $260.17 billion in revenue each year. The iPhone maker earns $55.26 billion in net income (profit) each year or $11.89 on an earnings per share basis. Apple employs 137,000 workers across the globe.

What is Apple's official website?

The official website for Apple is www.apple.com.

How can I contact Apple?

Apple's mailing address is ONE APPLE PARK WAY, CUPERTINO CA, 95014. The iPhone maker can be reached via phone at 408-996-1010 or via email at [email protected]

This page was last updated on 5/30/2020 by MarketBeat.com Staff