Apple Inc. (NASDAQ:AAPL) gapped down before the market opened on Tuesday . The stock had previously closed at $189.34, but opened at $194.17. Apple shares last traded at $194.09, with a volume of 29806472 shares.

A number of equities research analysts have weighed in on the stock. BTIG Research upgraded shares of Apple to a “buy” rating and lifted their price target for the stock from $207.00 to $235.00 in a research note on Wednesday, August 1st. Macquarie set a $214.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Morgan Stanley reiterated a “buy” rating and set a $232.00 price target on shares of Apple in a research note on Wednesday, August 22nd. S&P Equity Research lifted their price target on shares of Apple to $250.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Finally, UBS Group assumed coverage on shares of Apple in a research note on Wednesday, September 12th. Three research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and twenty-seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $224.75.

The stock has a market capitalization of $1,005.00 billion, a PE ratio of 16.14, a PEG ratio of 1.47 and a beta of 1.26. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.09 and a current ratio of 1.12.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.13. The business had revenue of $62.90 billion for the quarter, compared to the consensus estimate of $61.55 billion. Apple had a net margin of 22.41% and a return on equity of 48.68%. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.07 EPS. Equities research analysts expect that Apple Inc. will post 13.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, November 12th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.92 annualized dividend and a yield of 1.52%. Apple’s dividend payout ratio (DPR) is 24.52%.

In related news, CEO Timothy D. Cook sold 265,160 shares of the company’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $217.79, for a total transaction of $57,749,196.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Johny Srouji sold 14,140 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $214.98, for a total transaction of $3,039,817.20. Following the transaction, the insider now owns 68,302 shares in the company, valued at approximately $14,683,563.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 480,737 shares of company stock worth $107,157,170. 0.06% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gibraltar Capital Management Inc. increased its stake in shares of Apple by 0.4% in the 3rd quarter. Gibraltar Capital Management Inc. now owns 59,517 shares of the iPhone maker’s stock valued at $13,435,000 after acquiring an additional 235 shares during the last quarter. West Chester Capital Advisors Inc. increased its stake in shares of Apple by 1.5% in the 3rd quarter. West Chester Capital Advisors Inc. now owns 15,824 shares of the iPhone maker’s stock valued at $3,572,000 after acquiring an additional 236 shares during the last quarter. PICTET BANK & TRUST Ltd increased its stake in shares of Apple by 0.5% in the 2nd quarter. PICTET BANK & TRUST Ltd now owns 45,134 shares of the iPhone maker’s stock valued at $8,355,000 after acquiring an additional 240 shares during the last quarter. Ironwood Financial llc increased its stake in shares of Apple by 9.5% in the 3rd quarter. Ironwood Financial llc now owns 2,775 shares of the iPhone maker’s stock valued at $626,000 after acquiring an additional 241 shares during the last quarter. Finally, Capital Investment Services of America Inc. increased its stake in shares of Apple by 10.0% in the 3rd quarter. Capital Investment Services of America Inc. now owns 2,703 shares of the iPhone maker’s stock valued at $610,000 after acquiring an additional 245 shares during the last quarter. Institutional investors and hedge funds own 58.35% of the company’s stock.

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Apple Company Profile (NASDAQ:AAPL)

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

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