Apple Inc. (NASDAQ:AAPL) had its target price upped by Pacific Crest from $121.00 to $129.00 in a report released on Thursday morning. Pacific Crest currently has an overweight rating on the iPhone maker’s stock.

Several other research analysts have also issued reports on the company. Vetr raised Apple and set a $100.00 target price on the stock in a research report on Thursday, July 14th. BMO Capital Markets reaffirmed a buy rating and set a $118.00 target price on shares of Apple in a research report on Friday, June 17th. Piper Jaffray Cos. reaffirmed a buy rating on shares of Apple in a research report on Friday, June 17th. Mizuho reaffirmed a buy rating and set a $120.00 target price on shares of Apple in a research report on Tuesday, June 21st. Finally, Nomura reaffirmed a buy rating and set a $120.00 target price on shares of Apple in a research report on Tuesday, June 21st. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, forty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $126.74.

Analyst Recommendations for Apple (NASDAQ:AAPL)

Apple (NASDAQ:AAPL) traded up 0.41% on Thursday, hitting $117.46. The stock had a trading volume of 18,339,369 shares. The company has a 50 day moving average price of $111.28 and a 200-day moving average price of $103.56. Apple has a 52-week low of $89.47 and a 52-week high of $123.82. The company has a market cap of $632.93 billion, a price-to-earnings ratio of 13.70 and a beta of 1.22.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.04. The firm 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 business’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.85 EPS. On average, equities research analysts predict that Apple will post $8.26 earnings per share for the current year.

In related news, CEO Timothy D. Cook sold 334,000 shares of the 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Angela J. Ahrendts sold 35,797 shares of the stock in a transaction 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 sale, 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. Corporate insiders own 0.08% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Quotient Investors LLC boosted its position in shares of Apple by 10.9% in the first quarter. Quotient Investors LLC now owns 99,881 shares of the iPhone maker’s stock valued at $10,886,000 after buying an additional 9,778 shares during the last quarter. TNB Financial boosted its position in shares of Apple by 10.5% in the first quarter. TNB Financial now owns 98,185 shares of the iPhone maker’s stock valued at $10,701,000 after buying an additional 9,326 shares during the last quarter. Koshinski Asset Management Inc. boosted its position in shares of Apple by 16.2% in the first quarter. Koshinski Asset Management Inc. now owns 31,170 shares of the iPhone maker’s stock valued at $3,397,000 after buying an additional 4,354 shares during the last quarter. Burke & Herbert Bank & Trust Co. boosted its position in shares of Apple by 5.4% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 20,175 shares of the iPhone maker’s stock valued at $2,199,000 after buying an additional 1,034 shares during the last quarter. Finally, Gierl Augustine Investment Management Inc boosted its position in shares of Apple by 27.5% in the first quarter. Gierl Augustine Investment Management Inc now owns 8,521 shares of the iPhone maker’s stock valued at $929,000 after buying an additional 1,837 shares during the last quarter. 56.46% of the stock is currently owned by institutional investors.

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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