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.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on shares of Apple in a research note on Monday, August 1st. Fundamental Research set a $177.07 price objective on shares of Apple and gave the stock a "buy" rating in a research note on Thursday, August 4th. Credit Suisse Group set a $166.00 price objective on shares of Apple in a research note on Friday, July 29th. Citigroup lifted their price target on shares of Apple from $175.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, July 29th. Finally, Evercore ISI lifted their price target on shares of Apple from $180.00 to $185.00 in a research note on Friday, July 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and a consensus target price of $179.27.

Apple Price Performance

Shares of AAPL Stock traded up $3.61 on Friday, reaching $172.10. The company had a trading volume of 68,039,382 shares, compared to its average volume of 69,051,512. The stock has a market capitalization of $2.77 trillion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 2.23 and a beta of 1.23. 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 one year low of $129.04 and a one year high of $182.94. The business's 50-day moving average is $148.26 and its 200 day moving average is $157.28.

Apple (NASDAQ:AAPL - Get Rating) last released 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. The company had revenue of $82.96 billion during the quarter, compared to the consensus estimate of $82.97 billion. Apple had a return on equity of 152.97% and a net margin of 25.71%. The firm's revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.30 earnings per share. Equities research analysts forecast that Apple will post 6.1 EPS for the current fiscal year.

Apple Announces Dividend

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

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the completion of the sale, the senior vice president now owns 427,334 shares of the company's stock, valued at approximately $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.