Apple Inc. (NASDAQ:AAPL) was upgraded by OTR Global to a “positive” rating in a research note issued to investors on Wednesday.

AAPL has been the subject of a number of other research reports. Raymond James Financial Inc. restated a “hold” rating on shares of Apple in a report on Saturday, July 9th. Barclays PLC restated a “buy” rating on shares of Apple in a report on Sunday, July 17th. Credit Suisse Group AG restated a “buy” rating and issued a $150.00 target price on shares of Apple in a report on Sunday, July 17th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $124.00 target price on shares of Apple in a report on Wednesday. Finally, Brean Capital restated a “buy” rating and issued a $125.00 target price on shares of Apple in a report on Wednesday, June 15th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, forty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Apple has an average rating of “Buy” and an average target price of $126.34.

Analyst Recommendations for Apple (NASDAQ:AAPL)

Apple (NASDAQ:AAPL) opened at 116.30 on Wednesday. The company’s 50-day moving average price is $110.78 and its 200-day moving average price is $103.36. The stock has a market capitalization of $626.68 billion, a PE ratio of 13.56 and a beta of 1.22. Apple has a one year low of $89.47 and a one year high of $123.82.

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

In related news, SVP Angela J. Ahrendts sold 35,797 shares of the stock in a transaction dated 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 directly owns 105,839 shares in the company, valued at approximately $10,583,900. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Angela J. Ahrendts sold 25,000 shares of the stock in a transaction dated Monday, July 18th. The stock was 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 owns 105,839 shares of the company’s stock, valued at $10,583,900. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mission Wealth Management LLC raised its position in shares of Apple by 28.8% in the first quarter. Mission Wealth Management LLC now owns 61,294 shares of the iPhone maker’s stock valued at $6,680,000 after buying an additional 13,698 shares during the last quarter. Cue Financial Group Inc. raised its position in shares of Apple by 13.3% in the first quarter. Cue Financial Group Inc. now owns 17,253 shares of the iPhone maker’s stock valued at $1,880,000 after buying an additional 2,032 shares during the last quarter. Culbertson A N & Co. Inc. acquired a new position in shares of Apple during the first quarter valued at about $8,604,000. Capital Investment Advisors LLC raised its position in shares of Apple by 17.0% in the first quarter. Capital Investment Advisors LLC now owns 58,610 shares of the iPhone maker’s stock valued at $6,388,000 after buying an additional 8,530 shares during the last quarter. Finally, Jacobs & Co. CA raised its position in shares of Apple by 1.2% in the first quarter. Jacobs & Co. CA now owns 103,817 shares of the iPhone maker’s stock valued at $11,315,000 after buying an additional 1,241 shares during the last quarter. Institutional investors own 56.46% of the company’s stock.

About Apple

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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