NASDAQ:AAPLApple Stock Price, Forecast & News

$241.41

-3.52 (-1.44 %)

(As of 04/3/2020 04:00 PM ET)

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Today's Range

$238.97

Now: $241.41▼

$245.70

50-Day Range

$224.37

MA: $278.51▼

$327.20

52-Week Range

$170.27

Now: $241.41▼

$327.85

Volume32.41 million shs

Average Volume69.72 million shs

Market Capitalization$1.06 trillion

P/E Ratio19.07

Dividend Yield1.28%

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^™

3.3 Analyst's Opinion

Consensus Rating
Apple has received a consensus rating of Buy. The company's average rating score is 2.62, and is based on 29 buy ratings, 10 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $297.83, Apple has a potential upside of 23.4% from its current price of $241.41.
Amount of Analyst Coverage
Apple has been the subject of 34 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.7 Community Rank

Outperform Votes
Apple has received 6,729 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Apple has received 2,441 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Apple has received 73.38% “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 1.28%, 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 25.90 %. 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 19.81 % 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 $10,348,582.00 in company stock.
Percentage Held by Insiders
Only 0.05% of the stock of Apple is held by insiders.
Percentage Held by Institutions
60.69% 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 22.83% in the coming year, from $12.66 to $15.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Apple is 19.07, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 11.23.
Price to Earnings Ratio vs. Sector
The P/E ratio of Apple is 19.07, 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 30.40.
Price to Earnings Growth Ratio
Apple has a PEG Ratio of 1.78. 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 11.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.81 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

Webhttp://www.apple.com/

Phone408-996-1010

Debt

Debt-to-Equity Ratio1.04

Current Ratio1.60

Quick Ratio1.56

Price-To-Earnings

Trailing P/E Ratio19.07

Forward P/E Ratio19.07

P/E Growth1.78

Sales & Book Value

Annual Sales$260.17 billion

Price / Sales4.06

Cash Flow$15.29 per share

Price / Cash Flow15.79

Book Value$20.36 per share

Price / Book11.86

Profitability

EPS (Most Recent Fiscal Year)$11.89

Net Income$55.26 billion

Net Margins21.49%

Return on Equity60.19%

Return on Assets17.13%

Miscellaneous

Employees137,000

Outstanding Shares4,375,480,000

Market Cap$1.06 trillion

Next Earnings Date5/5/2020 (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 decreased by 12.4% and is now trading at $241.41. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Apple?

42 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Apple in the last year. There are currently 3 sell ratings, 10 hold ratings and 29 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, May 5th 2020. View our earnings forecast for Apple.

How were Apple's earnings last quarter?

Apple Inc. (NASDAQ:AAPL) announced its quarterly earnings data on Tuesday, January, 28th. The iPhone maker reported $4.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.54 by $0.45. The iPhone maker had revenue of $91.80 billion for the quarter, compared to analyst estimates of $88.41 billion. Apple had a net margin of 21.49% and a return on equity of 60.19%. The business's revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.18 earnings per share. View Apple's earnings history.

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

Apple announced a quarterly dividend on Tuesday, January 28th. Shareholders of record on Monday, February 10th will be given a dividend of $0.77 per share on Thursday, February 13th. This represents a $3.08 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Friday, February 7th. 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 issued 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 of Directors has initiated a share buyback program on Tuesday, April 30th 2019, which permits the company to buyback $75,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 7.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

What guidance has Apple issued on next quarter's earnings?

Apple issued an update on its second quarter 2020 After-Hours earnings guidance on Tuesday, January, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $63-67 billion, compared to the consensus revenue estimate of $62.45 billion.

What price target have analysts set for AAPL?

42 brokerages have issued 12-month price objectives for Apple's stock. Their forecasts range from $155.00 to $370.00. On average, they expect Apple's share price to reach $297.83 in the next twelve months. This suggests a possible upside of 23.4% from the stock's current price. 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. 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)
2. Rosenblatt Securities analysts commented, "We believe there is less reward for owning Apple stock after the recent stock rebound from stock buybacks and stable second quarter guidance. We do not think Apple is a short (the company has plenty of cash and a meaningful stock buy back program), however, we believe Apple will face fundamental deterioration over the next 6-12 months. We downgrade and maintain our $150 price target. Adding to our Sell thesis, we believe new iPhone sales will be disappointing, iPad sales growth will slow in the second half of 2019, other product sales growth, such as the HomePod, AirPod and iWatch, may not be meaningful to support total revenue growth. After strong service revenue growth over the last 4-6 quarters and the launch of Apple Music and news, we believe service revenue growth will also decelerate." (7/8/2019)

Has Apple been receiving favorable news coverage?

Headlines about AAPL stock have trended very negative on Saturday, according to InfoTrie. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Apple earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned media stories about the iPhone maker a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutApple.

Are investors shorting Apple?

Apple saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 38,427,900 shares, an increase of 32.5% from the February 27th total of 29,010,000 shares. Based on an average daily volume of 63,426,000 shares, the short-interest ratio is presently 0.6 days. Currently, 0.9% of the shares of the stock 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), 3D Systems (DDD), Stratasys (SSYS), Avid Technology (AVID), Diebold Nixdorf (DBD) and Kopin (KOPN).

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), Bank of America (BAC) and AT&T (T).

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 institutional and retail investors. Top institutional investors include Park National Corp OH (0.01%), Neville Rodie & Shaw Inc. (0.00%), Cacti Asset Management LLC (0.00%), Cullinan Associates Inc. (0.00%), Thomasville National Bank (0.00%) and Bath Savings Trust Co (0.00%). Company insiders that own Apple stock include Angela J Ahrendts, Arthur D Levinson, Chris Kondo, Craig Federighi, Daniel J Riccio, Deirdre O'brien, Jeffrey E Williams, Johny Srouji, Luca Maestri and Timothy D Cook. View institutional ownership trends for Apple.

Which major investors are selling Apple stock?

AAPL stock was sold by a variety of institutional investors in the last quarter, including Cacti Asset Management LLC, Cullinan Associates Inc., Nexus Investment Management Inc., Park National Corp OH, Fulton Bank N.A., Nelson Van Denburg & Campbell Wealth Management Group LLC, Bath Savings Trust Co, and Neville Rodie & Shaw Inc.. 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 major investors are buying Apple stock?

AAPL stock was bought by a variety of institutional investors in the last quarter, including IMS Capital Management, First Financial Bank Trust Division, Orrstown Financial Services Inc., First National Bank of Mount Dora Trust Investment Services, Summit Financial Group Inc., Wiley BROS. Aintree Capital LLC, Shakespeare Wealth Management Inc., and M&R Capital Management 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 $241.41.

How big of a company is Apple?

Apple has a market capitalization of $1.06 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. View additional information about Apple.

What is Apple's official website?

The official website for Apple is http://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 4/4/2020 by MarketBeat.com Staff

NASDAQ:AAPLApple Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

3.3 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage