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

Several equities research analysts have commented on AAPL shares. Oppenheimer restated an "outperform" rating and issued a $190.00 target price on shares of Apple in a research note on Wednesday, June 8th. Wells Fargo & Company dropped their price objective on Apple from $205.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 20th. JPMorgan Chase & Co. set a $200.00 price objective on Apple in a research note on Monday, July 25th. Bank of America dropped their price objective on Apple from $200.00 to $185.00 in a research note on Tuesday, July 26th. Finally, Deutsche Bank Aktiengesellschaft set a $175.00 price objective on Apple in a research note on Monday, August 1st. Two equities 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $179.27.

Apple Price Performance

Shares of AAPL Stock opened at $173.19 on Tuesday. 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 twelve month low of $129.04 and a twelve month high of $182.94. The company has a market cap of $2.78 trillion, a P/E ratio of 28.58, a P/E/G ratio of 2.23 and a beta of 1.23. The business has a fifty day simple moving average of $148.80 and a 200 day simple moving average of $157.29.

Apple (NASDAQ:AAPL - Get Rating) last posted its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, beating the consensus estimate of $1.14 by $0.06. The firm 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 business's quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $1.30 earnings per share. On average, sell-side analysts forecast that Apple will post 6.1 EPS for the current fiscal year.

Apple Dividend Announcement

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

Insider Buying and Selling

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 transaction of $4,119,250.00. Following the sale, the senior vice president now directly owns 427,334 shares in the company, valued at $70,411,823.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is currently owned by insiders.