Needham & Company LLC reaffirmed their buy rating on shares of Apple (NASDAQ:AAPL – Get Rating) in a research report released on Friday, Benzinga reports. Needham & Company LLC currently has a $170.00 price target on the iPhone maker’s stock.
Several other equities analysts also recently commented on the stock. Jefferies Financial Group restated a buy rating and issued a $195.00 price target on shares of Apple in a research note on Thursday, March 2nd. Cowen cut their price objective on shares of Apple from $200.00 to $195.00 and set an outperform rating for the company in a research report on Friday, February 3rd. Cowen cut their price objective on shares of Apple from $200.00 to $195.00 and set an outperform rating for the company in a research report on Friday, February 3rd. Wedbush upped their price objective on shares of Apple from $180.00 to $190.00 and gave the stock an outperform rating in a research report on Wednesday, March 8th. Finally, Barclays upped their price objective on shares of Apple from $133.00 to $145.00 and gave the stock an equal weight rating in a research report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $168.24.
Apple Trading Up 1.3 %
AAPL opened at $150.47 on Friday. Apple has a 1-year low of $124.17 and a 1-year high of $179.61. The firm has a 50-day moving average price of $144.43 and a two-hundred day moving average price of $145.41. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $2.38 trillion, a PE ratio of 25.55, a PEG ratio of 1.97 and a beta of 1.30.
Apple Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, February 13th were issued a dividend of $0.23 per share. This is a positive change from Apple’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. Apple’s payout ratio is presently 15.62%.
Institutional Trading of Apple
A number of hedge funds have recently bought and sold shares of AAPL. Moneta Group Investment Advisors LLC lifted its position in Apple by 116,483.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after purchasing an additional 569,066,184 shares during the last quarter. Norges Bank bought a new position in shares of Apple during the fourth quarter valued at approximately $21,746,940,000. Morgan Stanley raised its holdings in shares of Apple by 14.2% during the fourth quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock valued at $27,110,586,000 after acquiring an additional 25,926,552 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in shares of Apple during the third quarter valued at approximately $1,890,884,000. Finally, Barclays PLC raised its holdings in shares of Apple by 53.0% during the third quarter. Barclays PLC now owns 30,235,823 shares of the iPhone maker’s stock valued at $4,178,590,000 after acquiring an additional 10,471,342 shares in the last quarter. Institutional investors own 57.60% of the company’s stock.
Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.
- Get a free copy of the StockNews.com research report on Apple (AAPL)
- First Republic: First Rate Risk or Time To Buy?
- These Hedge Funds Are Getting Crushed By SVB
- Buy The Dip In The Charles Schwab Corporation
- ZIM Integrated Shipping Services: Up 15% But Don’t Chase It
- FedEx Is A Buy Going Into Earnings
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.