KeyCorp cut shares of Apple (NASDAQ:AAPL – Free Report) from a sector weight rating to an underweight rating in a report published on Friday, MarketBeat.com reports. KeyCorp currently has $200.00 price target on the iPhone maker’s stock. KeyCorp also issued estimates for Apple’s Q1 2025 earnings at $2.34 EPS, Q2 2025 earnings at $1.57 EPS, Q3 2025 earnings at $1.48 EPS, Q4 2025 earnings at $1.66 EPS and FY2025 earnings at $7.05 EPS.
A number of other equities analysts also recently issued reports on the company. Wedbush reiterated an “outperform” rating and set a $285.00 price target on shares of Apple in a research report on Monday, September 9th. Moffett Nathanson began coverage on shares of Apple in a research note on Monday, August 19th. They issued a “neutral” rating and a $211.00 price target on the stock. Loop Capital upped their price objective on shares of Apple to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. UBS Group reiterated a “hold” rating and issued a $236.00 target price on shares of Apple in a research report on Wednesday, October 16th. Finally, StockNews.com raised shares of Apple from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.91.
Get Our Latest Analysis on Apple
Apple Price Performance
Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. During the same quarter last year, the business earned $1.26 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. Analysts expect that Apple will post 6.65 EPS for the current year.
Apple Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio (DPR) is 15.55%.
Insider Buying and Selling
In related news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the sale, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 517,924 shares of company stock valued at $114,786,399. Company insiders own 0.06% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Voisard Asset Management Group Inc. lifted its stake in Apple by 10.7% in the third quarter. Voisard Asset Management Group Inc. now owns 8,659 shares of the iPhone maker’s stock worth $2,018,000 after acquiring an additional 835 shares during the last quarter. 1620 Investment Advisors Inc. lifted its position in shares of Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock worth $2,249,000 after purchasing an additional 45 shares during the last quarter. Boyd Wealth Management LLC grew its stake in shares of Apple by 3.0% during the third quarter. Boyd Wealth Management LLC now owns 4,459 shares of the iPhone maker’s stock worth $1,039,000 after purchasing an additional 131 shares in the last quarter. Solidarity Wealth LLC grew its stake in shares of Apple by 6.1% during the third quarter. Solidarity Wealth LLC now owns 164,452 shares of the iPhone maker’s stock worth $38,317,000 after purchasing an additional 9,507 shares in the last quarter. Finally, Cornerstone Wealth Group LLC raised its stake in Apple by 0.5% in the third quarter. Cornerstone Wealth Group LLC now owns 232,665 shares of the iPhone maker’s stock valued at $54,211,000 after buying an additional 1,044 shares in the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.
About Apple
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. 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, and HomePod.
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