William Blair reiterated their outperform rating on shares of Apple Inc. (NASDAQ:AAPL) in a research note issued to investors on Monday morning.

AAPL has been the subject of several other research reports. Drexel Hamilton restated a buy rating and set a $185.00 price target on shares of Apple in a research report on Wednesday, September 14th. Piper Jaffray Cos. upgraded shares of Apple to an overweight rating and set a $151.00 price target for the company in a research report on Friday, September 16th. Canaccord Genuity restated a buy rating and set a $140.00 price target (up previously from $120.00) on shares of Apple in a research report on Monday, September 12th. Nomura upped their price target on shares of Apple from $120.00 to $135.00 and gave the stock a buy rating in a research report on Thursday, September 22nd. Finally, Mizuho restated a buy rating and set a $120.00 price target on shares of Apple in a research report on Thursday, September 1st. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, forty-one have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $126.13.

Shares of Apple (NASDAQ:AAPL) traded up 1.27% on Monday, hitting $117.52. The company’s stock had a trading volume of 25,071,005 shares. The firm has a market cap of $633.25 billion, a price-to-earnings ratio of 13.70 and a beta of 1.22. Apple has a one year low of $89.47 and a one year high of $123.82. The stock has a 50-day moving average price of $110.55 and a 200 day moving average price of $103.27.

Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.04. Apple had a net margin of 21.70% and a return on equity of 37.89%. The business had revenue of $42.36 billion for the quarter, compared to analyst estimates of $42.35 billion. During the same period in the prior year, the company posted $1.85 EPS. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. Equities research analysts predict that Apple will post $8.26 EPS for the current year.

In other news, SVP Angela J. Ahrendts sold 35,797 shares of the business’s stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $100.00, for a total value of $3,579,700.00. Following the completion of the transaction, the senior vice president now owns 105,839 shares of the company’s stock, valued at $10,583,900. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Angela J. Ahrendts sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $100.00, for a total transaction of $2,500,000.00. Following the completion of the transaction, the senior vice president now directly owns 105,839 shares of the company’s stock, valued at approximately $10,583,900. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the stock. Canal Capital Management LLC raised its position in Apple by 8.9% in the third quarter. Canal Capital Management LLC now owns 23,291 shares of the iPhone maker’s stock worth $2,633,000 after buying an additional 1,908 shares in the last quarter. Gofen & Glossberg LLC IL raised its position in Apple by 5.8% in the third quarter. Gofen & Glossberg LLC IL now owns 411,053 shares of the iPhone maker’s stock worth $46,469,000 after buying an additional 22,368 shares in the last quarter. LGT Capital Partners LTD. raised its position in Apple by 10.4% in the third quarter. LGT Capital Partners LTD. now owns 140,020 shares of the iPhone maker’s stock worth $15,829,000 after buying an additional 13,140 shares in the last quarter. City Holding Co. raised its position in Apple by 1.2% in the third quarter. City Holding Co. now owns 35,221 shares of the iPhone maker’s stock worth $3,982,000 after buying an additional 416 shares in the last quarter. Finally, Hills Bank & Trust Co. raised its position in Apple by 1.5% in the third quarter. Hills Bank & Trust Co. now owns 42,180 shares of the iPhone maker’s stock worth $4,768,000 after buying an additional 610 shares in the last quarter. 56.46% of the stock is owned by institutional investors and hedge funds.

Apple Company Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

5 Day Chart for NASDAQ:AAPL

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