Apple Inc. (NASDAQ:AAPL)‘s stock had its “buy” rating restated by analysts at Robert W. Baird in a report released on Wednesday. They presently have a $175.00 price target on the iPhone maker’s stock, up from their prior price target of $172.00. Robert W. Baird’s target price suggests a potential upside of 12.61% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Oppenheimer Holdings, Inc. restated a “” rating on shares of Apple in a research note on Thursday, August 10th. Needham & Company LLC restated a “buy” rating and issued a $165.00 target price on shares of Apple in a research note on Tuesday, June 6th. Nomura reiterated a “buy” rating and issued a $165.00 price objective on shares of Apple in a research note on Tuesday, June 6th. Mizuho reiterated a “buy” rating and issued a $160.00 price objective on shares of Apple in a research note on Tuesday, June 6th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $202.00 price objective on shares of Apple in a research note on Tuesday, June 6th. Nine research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $189.61.

Apple (NASDAQ:AAPL) opened at 155.39 on Wednesday. Apple has a 12 month low of $104.08 and a 12 month high of $164.94. The firm has a 50 day moving average of $158.07 and a 200-day moving average of $150.93. The firm has a market cap of $802.62 billion, a P/E ratio of 17.64 and a beta of 1.27.

Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. During the same quarter last year, the business earned $1.42 EPS. The business’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts forecast that Apple will post $9.01 earnings per share for the current year.

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In other news, CEO Timothy D. Cook sold 268,623 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Philip W. Schiller sold 56,808 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total value of $8,788,197.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 541,177 shares of company stock valued at $85,864,804. Corporate insiders own 0.08% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Berkshire Hathaway Inc. lifted its position in shares of Apple by 0.6% during the 2nd quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after acquiring an additional 834,854 shares during the period. Capital Research Global Investors lifted its position in shares of Apple by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after buying an additional 3,845,363 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Apple by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock worth $3,759,849,000 after buying an additional 771,046 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Apple by 301.3% during the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after buying an additional 15,018,790 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of Apple by 1.5% during the 2nd quarter. Swiss National Bank now owns 19,169,416 shares of the iPhone maker’s stock worth $2,760,779,000 after buying an additional 275,400 shares during the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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