Apple (AAPL) Earning Somewhat Positive Press Coverage, Study Finds
News articles about Apple (NASDAQ:AAPL) have trended somewhat positive recently, according to Alpha One Sentiment. Alpha One, a subsidiary of Accern, scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Apple earned a coverage optimism score of 0.10 on Alpha One’s scale. Alpha One also assigned media coverage about the iPhone maker an impact score of 70 out of 100, indicating that recent press coverage is likely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected AlphaOne Sentiment Analysis’s analysis:
- New Sony Pictures Chief Faces TV Leadership Test – Variety (variety.com)
- Apple poaches top two Sony TV execs to boost video content (nasdaq.com)
- Weekend roundup: What Amazon’s deal for Whole Foods means for you | A debate over bitcoin | What’s next for FAANG stocks (finance.yahoo.com)
- Nasdaq on Track for Weekly Loss, Stocks Fall After Amazon-Whole Foods Deal (finance.yahoo.com)
- Jim Cramer Isn’t Buying Apple Here, and Thinks Facebook and Alphabet Look Better on a Dip (finance.yahoo.com)
Apple (NASDAQ AAPL) traded down 1.40% during mid-day trading on Friday, hitting $142.27. 50,361,093 shares of the company traded hands. The firm has a 50 day moving average of $151.22 and a 200 day moving average of $135.17. Apple has a one year low of $91.50 and a one year high of $156.65. The firm has a market capitalization of $741.77 billion, a P/E ratio of 16.69 and a beta of 1.28.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 EPS for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.08. Apple had a net margin of 20.74% and a return on equity of 35.09%. The business had revenue of $52.90 billion during the quarter, compared to analysts’ expectations of $52.61 billion. Equities research analysts expect that Apple will post $8.94 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Stockholders of record on Monday, May 15th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.77%. This is a positive change from Apple’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Thursday, May 11th. Apple’s payout ratio is presently 29.47%.
A number of research firms have recently weighed in on AAPL. Argus reissued an “outperform” rating and issued a $160.00 price target on shares of Apple in a report on Monday, May 15th. Hilliard Lyons upped their target price on Apple from $147.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Canaccord Genuity reiterated a “buy” rating and issued a $180.00 target price (up from $165.00) on shares of Apple in a research note on Tuesday, May 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $170.00 target price (up from $160.00) on shares of Apple in a research note on Wednesday, May 17th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $177.00 target price (up from $161.00) on shares of Apple in a research note on Wednesday, May 17th. Ten research analysts have rated the stock with a hold rating, forty have issued a buy rating and two have given a strong buy rating to the stock. Apple presently has an average rating of “Buy” and an average target price of $160.63.
In other news, insider Luca Maestri sold 4,757 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $154.70, for a total value of $735,907.90. Following the completion of the sale, the insider now directly owns 3,414 shares in the company, valued at approximately $528,145.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Angela J. Ahrendts sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $147.98, for a total transaction of $11,098,500.00. Following the completion of the sale, the insider now owns 154,116 shares of the company’s stock, valued at $22,806,085.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 447,411 shares of company stock valued at $67,200,745. Company insiders own 0.08% of the company’s stock.
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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