Apple (NASDAQ:AAPL) Price Target Raised to $270.00

Apple (NASDAQ:AAPL) had its price target increased by DA Davidson from $250.00 to $270.00 in a research report report published on Friday, Marketbeat reports. DA Davidson currently has a neutral rating on the iPhone maker’s stock. DA Davidson also issued estimates for Apple’s Q1 2026 earnings at $2.64 EPS and FY2027 earnings at $8.90 EPS.

AAPL has been the subject of several other research reports. Evercore ISI raised their price objective on shares of Apple from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday. TD Cowen raised their price objective on shares of Apple from $275.00 to $325.00 and gave the company a “buy” rating in a research note on Friday. The Goldman Sachs Group set a $279.00 price objective on shares of Apple and gave the company a “buy” rating in a research note on Tuesday, October 21st. Wedbush reissued an “outperform” rating on shares of Apple in a research note on Tuesday, October 21st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Apple in a research note on Friday, July 25th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $276.39.

Apple Trading Down 0.4%

Shares of AAPL stock opened at $270.37 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a market cap of $4.01 trillion, a PE ratio of 41.03, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. The company has a 50-day moving average of $248.34 and a two-hundred day moving average of $222.34. Apple has a 1-year low of $169.21 and a 1-year high of $277.32.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.11. The company had revenue of $102.47 billion during the quarter, compared to analyst estimates of $101.65 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. Apple’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 earnings per share. On average, analysts predict that Apple will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Monday, November 10th will be paid a $0.26 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple’s payout ratio is currently 13.92%.

Insider Activity

In related news, CEO Timothy D. Cook sold 129,963 shares of Apple stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following the completion of the transaction, the chief executive officer owned 3,280,295 shares in the company, valued at $842,412,558.95. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 43,013 shares of Apple stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the completion of the transaction, the senior vice president owned 136,687 shares of the company’s stock, valued at $35,181,866.93. This represents a 23.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 259,121 shares of company stock worth $65,358,981 over the last three months. Insiders own 0.06% of the company’s stock.

Institutional Trading of Apple

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAPL. Kingstone Capital Partners Texas LLC raised its holdings in Apple by 573,627.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock worth $39,065,374,000 after purchasing an additional 205,656,808 shares in the last quarter. Norges Bank acquired a new stake in Apple during the second quarter worth approximately $38,942,255,000. Nuveen LLC acquired a new stake in Apple during the first quarter worth approximately $17,472,482,000. PKS Advisory Services LLC raised its holdings in Apple by 98,917.0% during the second quarter. PKS Advisory Services LLC now owns 57,956,620 shares of the iPhone maker’s stock worth $12,106,000 after purchasing an additional 57,898,088 shares in the last quarter. Finally, Laurel Wealth Advisors LLC raised its holdings in Apple by 20,464.8% during the second quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock worth $5,553,753,000 after purchasing an additional 26,937,401 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

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.