Apple Inc. (NASDAQ:AAPL) had its price objective increased by equities researchers at Mizuho from $120.00 to $130.00 in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the iPhone maker’s stock. Mizuho’s target price would suggest a potential upside of 11.73% from the company’s previous close.

Several other research analysts have also weighed in on AAPL. Raymond James Financial Inc. reiterated a “hold” rating on shares of Apple in a research note on Saturday, July 9th. Barclays PLC reiterated a “buy” rating on shares of Apple in a research note on Sunday, July 17th. Credit Suisse Group AG reiterated a “buy” rating and issued a $150.00 price objective on shares of Apple in a research note on Sunday, July 17th. Brean Capital reiterated a “buy” rating and issued a $125.00 price objective on shares of Apple in a research note on Wednesday, June 15th. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $117.00 price objective (up previously from $115.00) on shares of Apple in a research note on Thursday, August 11th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating, forty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and a consensus target price of $126.34.

Analyst Recommendations for Apple (NASDAQ:AAPL)

Apple (NASDAQ:AAPL) opened at 116.30 on Wednesday. Apple has a one year low of $89.47 and a one year high of $123.82. The firm has a market cap of $626.68 billion, a price-to-earnings ratio of 13.56 and a beta of 1.22. The firm has a 50-day moving average of $110.78 and a 200-day moving average of $103.36.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.04. The business earned $42.36 billion during the quarter, compared to the consensus estimate of $42.35 billion. Apple had a net margin of 21.70% and a return on equity of 37.89%. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.85 EPS. Analysts anticipate that Apple will post $8.26 EPS for the current year.

In other news, CEO Timothy D. Cook sold 334,000 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $107.23, for a total transaction of $35,814,820.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Angela J. Ahrendts sold 25,000 shares of the company’s stock in a transaction on Monday, July 18th. The shares were sold at an average price of $100.00, for a total value of $2,500,000.00. Following the transaction, the senior vice president now directly owns 105,839 shares in the company, valued at $10,583,900. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cordasco Financial Network increased its position in Apple by 0.4% in the second quarter. Cordasco Financial Network now owns 3,353 shares of the iPhone maker’s stock worth $321,000 after buying an additional 12 shares in the last quarter. Cidel Asset Management Inc. increased its position in Apple by 0.3% in the second quarter. Cidel Asset Management Inc. now owns 4,186 shares of the iPhone maker’s stock worth $400,000 after buying an additional 13 shares in the last quarter. Boston Standard Wealth Management LLC increased its position in Apple by 0.6% in the second quarter. Boston Standard Wealth Management LLC now owns 2,280 shares of the iPhone maker’s stock worth $218,000 after buying an additional 14 shares in the last quarter. Lbmc Investment Advisors LLC increased its position in Apple by 0.3% in the second quarter. Lbmc Investment Advisors LLC now owns 5,110 shares of the iPhone maker’s stock worth $489,000 after buying an additional 15 shares in the last quarter. Finally, Summit Financial Strategies Inc. increased its position in Apple by 0.3% in the second quarter. Summit Financial Strategies Inc. now owns 6,533 shares of the iPhone maker’s stock worth $625,000 after buying an additional 19 shares in the last quarter. 56.46% of the stock is currently owned by hedge funds and other institutional investors.

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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