Apple (NASDAQ:AAPL) Given a $185.00 Price Target by UBS Group Analysts

UBS Group set a $185.00 price objective on Apple (NASDAQ:AAPLGet Rating) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports.

AAPL has been the topic of several other research reports. Bank of America cut their price target on Apple from $200.00 to $185.00 in a research note on Tuesday, July 26th. Loop Capital cut their price target on Apple from $210.00 to $180.00 and set a buy rating on the stock in a research note on Wednesday, May 25th. Itau BBA Securities started coverage on Apple in a research note on Tuesday, July 26th. They set an underperform rating and a $136.00 price target on the stock. Oppenheimer restated an outperform rating and set a $190.00 price target on shares of Apple in a research note on Wednesday, June 8th. Finally, Deutsche Bank Aktiengesellschaft set a $175.00 price target on Apple in a research note on Monday, August 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Apple currently has a consensus rating of Moderate Buy and a consensus price target of $181.52.

Apple Stock Performance

AAPL stock opened at $155.31 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63. The business’s fifty day simple moving average is $159.21 and its two-hundred day simple moving average is $156.27. Apple has a twelve month low of $129.04 and a twelve month high of $182.94. The firm has a market cap of $2.50 trillion, a price-to-earnings ratio of 25.63, a PEG ratio of 2.03 and a beta of 1.23.

Apple (NASDAQ:AAPLGet Rating) last released its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share 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 business had revenue of $82.96 billion for the quarter, compared to analyst estimates of $82.97 billion. During the same quarter last year, the firm posted $1.30 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. Analysts predict that Apple will post 6.11 earnings per share for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 8th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, August 5th. Apple’s payout ratio is 15.18%.

Insider Transactions at Apple

In other news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total value of $16,923,788.25. Following the completion of the transaction, the chief financial officer now directly owns 110,673 shares in the company, valued at $19,362,241.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction that occurred 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 completion of the transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Luca Maestri sold 96,735 shares of Apple stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total value of $16,923,788.25. Following the transaction, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Prudent Investors Network Inc. increased its position in shares of Apple by 18.7% in the second quarter. Prudent Investors Network Inc. now owns 43,406 shares of the iPhone maker’s stock valued at $5,935,000 after buying an additional 6,842 shares in the last quarter. Hussman Strategic Advisors Inc. increased its position in shares of Apple by 900.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 10,400 shares of the iPhone maker’s stock valued at $1,422,000 after buying an additional 9,360 shares in the last quarter. B. Riley Wealth Management Inc. increased its position in shares of Apple by 21.5% in the second quarter. B. Riley Wealth Management Inc. now owns 394,033 shares of the iPhone maker’s stock valued at $965,025,000 after buying an additional 69,640 shares in the last quarter. Francis Financial Inc. purchased a new stake in shares of Apple in the second quarter valued at approximately $1,837,000. Finally, Royal London Asset Management Ltd. increased its position in shares of Apple by 0.7% in the second quarter. Royal London Asset Management Ltd. now owns 7,668,925 shares of the iPhone maker’s stock valued at $1,049,032,000 after buying an additional 52,697 shares in the last quarter. 57.72% of the stock is currently owned by hedge funds and other institutional investors.

Apple Company Profile

(Get Rating)

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.

See Also

Analyst Recommendations for Apple (NASDAQ:AAPL)

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