Apple Inc. (NASDAQ:AAPL) – Research analysts at Oppenheimer Holdings issued their FY2019 earnings per share (EPS) estimates for Apple in a research note issued to investors on Sunday. Oppenheimer Holdings analyst A. Uerkwitz expects that the brokerage will earn $10.44 per share for the year. Oppenheimer Holdings currently has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Apple’s FY2020 earnings at $10.81 EPS.

Other equities research analysts have also issued reports about the company. Drexel Hamilton reiterated a “buy” rating and issued a $185.00 price objective on shares of Apple in a research report on Wednesday, September 14th. Piper Jaffray Cos. upgraded Apple to an “overweight” rating and set a $151.00 price objective on the stock in a research report on Friday, September 16th. Morgan Stanley reiterated an “overweight” rating and issued a $124.00 price objective on shares of Apple in a research report on Friday, October 14th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $124.00 price objective on shares of Apple in a research report on Monday, October 24th. Finally, Raymond James Financial Inc. reiterated an “outperform” rating on shares of Apple in a research report on Sunday, October 30th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, forty-two have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $128.29.

Earnings History and Estimates for Apple (NASDAQ:AAPL)

Shares of Apple (NASDAQ:AAPL) remained flat at $111.23 during trading on Tuesday. The company had a trading volume of 27,426,394 shares. The company has a market capitalization of $593.11 billion, a PE ratio of 13.39 and a beta of 1.34. Apple has a 52-week low of $89.47 and a 52-week high of $119.92. The firm has a 50 day moving average price of $113.12 and a 200 day moving average price of $105.17.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, October 25th. The iPhone maker reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.01. Apple had a return on equity of 35.59% and a net margin of 21.19%. The company had revenue of $46.85 billion for the quarter, compared to analyst estimates of $46.88 billion. During the same period in the prior year, the firm earned $1.96 earnings per share. Apple’s revenue for the quarter was down 9.0% on a year-over-year basis.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Thursday, November 3rd. Apple’s payout ratio is 27.57%.

In other Apple news, insider Philip W. Schiller sold 43,769 shares of the business’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $115.07, for a total transaction of $5,036,498.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Luca Maestri sold 16,950 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $110.03, for a total transaction of $1,865,008.50. Following the transaction, the chief financial officer now directly owns 12,055 shares of the company’s stock, valued at $1,326,411.65. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of AAPL. Penserra Capital Management LLC raised its position in Apple by 39.2% in the second quarter. Penserra Capital Management LLC now owns 1,080 shares of the iPhone maker’s stock worth $103,000 after buying an additional 304 shares during the last quarter. Armbruster Capital Management Inc. increased its stake in Apple by 35.1% in the third quarter. Armbruster Capital Management Inc. now owns 1,024 shares of the iPhone maker’s stock worth $116,000 after buying an additional 266 shares during the period. Cedar Wealth Management LLC increased its stake in Apple by 42.9% in the third quarter. Cedar Wealth Management LLC now owns 1,072 shares of the iPhone maker’s stock worth $121,000 after buying an additional 322 shares during the period. Weaver C. Barksdale & Associates Inc. bought a new stake in Apple during the third quarter worth approximately $122,000. Finally, Live Your Vision LLC bought a new stake in Apple during the third quarter worth approximately $135,000. 56.81% of the stock is owned by hedge funds and other institutional investors.

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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.

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