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.

Apple Trading Down 0.1 %

AAPL traded down $0.23 during trading hours on Friday, reaching $165.35. The company's stock had a trading volume of 56,696,985 shares, compared to its average volume of 71,414,176. Apple has a fifty-two week low of $129.04 and a fifty-two week high of $182.94. The stock has a market cap of $2.66 trillion, a PE ratio of 27.29, a P/E/G ratio of 2.14 and a beta of 1.23. The business's 50-day moving average is $146.34 and its 200-day moving average is $157.06. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.86 and a quick ratio of 0.82.

Apple (NASDAQ:AAPL - Get Rating) last released its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.06. Apple had a return on equity of 152.97% and a net margin of 25.71%. The company had revenue of $82.96 billion for the quarter, compared to analysts' expectations of $82.97 billion. During the same period in the prior year, the firm earned $1.30 earnings per share. The firm's revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts predict 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 will be paid on Thursday, August 11th. Shareholders of record on Monday, August 8th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Friday, August 5th. Apple's dividend payout ratio (DPR) is 15.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AAPL. The Goldman Sachs Group set a $139.00 price target on Apple in a research report on Friday, July 29th. Wells Fargo & Company lowered their price target on Apple from $205.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, July 20th. Oppenheimer reaffirmed an "outperform" rating and set a $190.00 price target on shares of Apple in a research report on Wednesday, June 8th. Rosenblatt Securities decreased their price objective on Apple from $168.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, July 29th. Finally, Credit Suisse Group set a $166.00 price objective on Apple in a report on Friday, July 29th. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, Apple has a consensus rating of "Moderate Buy" and a consensus target price of $179.27.

Insiders Place Their Bets

In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the company's 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 transaction, the senior vice president now directly owns 427,334 shares in the company, valued at $70,411,823.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by insiders.