Nomura reiterated their buy rating on shares of Apple Inc. (NASDAQ:AAPL) in a research report released on Tuesday. The brokerage currently has a $135.00 price objective on the iPhone maker’s stock.

Several other research firms have also issued reports on AAPL. JPMorgan Chase & Co. reissued an overweight rating on shares of Apple in a research report on Saturday. Stifel Nicolaus reaffirmed a buy rating and set a $130.00 price objective (up previously from $120.00) on shares of Apple in a research note on Saturday. Piper Jaffray Cos. reaffirmed an overweight rating and set a $151.00 price objective on shares of Apple in a research note on Saturday. Drexel Hamilton reaffirmed a buy rating and set a $185.00 price objective on shares of Apple in a research note on Monday. Finally, RBC Capital Markets reaffirmed an outperform rating and set a $125.00 price objective on shares of Apple in a research note on Monday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, forty-four have issued a buy rating and two have given a strong buy rating to the stock. Apple currently has a consensus rating of Buy and a consensus price target of $127.11.

Shares of Apple (NASDAQ:AAPL) traded up 0.19% during trading on Tuesday, reaching $117.69. 2,371,406 shares of the company traded hands. The stock has a market capitalization of $634.17 billion, a PE ratio of 13.72 and a beta of 1.22. Apple has a 12-month low of $89.47 and a 12-month high of $123.82. The firm’s 50-day moving average is $112.17 and its 200-day moving average is $103.69.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 earnings per share (EPS) for the quarter, beating 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 company had revenue of $42.36 billion for the quarter, compared to analyst estimates of $42.35 billion. During the same quarter in the previous year, the firm posted $1.85 earnings per share. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, equities analysts predict that Apple will post $8.26 earnings per share for the current fiscal year.

In other news, SVP D Bruce Sewell sold 23,305 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $107.49, for a total value of $2,505,054.45. Following the completion of the transaction, the senior vice president now owns 239,329 shares of the company’s stock, valued at approximately $25,725,474.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Arthur D. Levinson sold 70,000 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $108.68, for a total transaction of $7,607,600.00. Following the completion of the transaction, the director now directly owns 1,203,283 shares of the company’s stock, valued at approximately $130,772,796.44. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in AAPL. Zurich Insurance Group Ltd FI raised its position in shares of Apple by 1.4% in the first quarter. Zurich Insurance Group Ltd FI now owns 869,381 shares of the iPhone maker’s stock worth $94,754,000 after buying an additional 11,582 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Apple by 34.8% in the second quarter. BNP Paribas Arbitrage SA now owns 5,887,600 shares of the iPhone maker’s stock worth $562,855,000 after buying an additional 1,521,440 shares during the last quarter. Roffman Miller Associates Inc. PA raised its position in shares of Apple by 25.0% in the second quarter. Roffman Miller Associates Inc. PA now owns 139,953 shares of the iPhone maker’s stock worth $13,380,000 after buying an additional 28,020 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of Apple by 19.1% in the second quarter. Capstone Asset Management Co. now owns 550,349 shares of the iPhone maker’s stock worth $52,613,000 after buying an additional 88,106 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Apple by 1.0% in the first quarter. Prudential Financial Inc. now owns 12,655,593 shares of the iPhone maker’s stock worth $1,379,333,000 after buying an additional 127,360 shares during the last quarter. 56.41% of the stock is owned by 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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