JPMorgan Chase & Co. reaffirmed their buy rating on shares of Apple (NASDAQ:AAPL) in a research note issued to investors on Friday, Borsen Zeitung reports. JPMorgan Chase & Co. currently has a $290.00 price objective on the iPhone maker’s stock, up from their prior price objective of $280.00.

Several other research analysts also recently weighed in on AAPL. Loop Capital lifted their target price on shares of Apple to $250.00 and gave the stock a hold rating in a research report on Thursday, October 31st. Barclays lifted their target price on shares of Apple from $224.00 to $236.00 and gave the stock an equal weight rating in a research report on Thursday, October 31st. Macquarie set a $210.00 target price on shares of Apple and gave the stock a hold rating in a research report on Tuesday, September 10th. Cascend Securities lifted their target price on shares of Apple from $270.00 to $280.00 and gave the stock a buy rating in a research report on Thursday, October 31st. Finally, Monness Crespi & Hardt lifted their target price on shares of Apple from $265.00 to $300.00 and gave the stock a buy rating in a research report on Thursday, October 31st. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Apple presently has a consensus rating of Hold and a consensus target price of $244.54.

Shares of Apple stock traded down $0.96 during trading on Friday, hitting $266.14. The stock had a trading volume of 647,670 shares, compared to its average volume of 24,325,034. The stock has a 50 day simple moving average of $243.45 and a 200 day simple moving average of $212.16. The company has a market capitalization of $1,180.84 billion, a PE ratio of 22.36, a P/E/G ratio of 1.89 and a beta of 1.25. The company has a quick ratio of 1.50, a current ratio of 1.54 and a debt-to-equity ratio of 1.01. Apple has a 1 year low of $142.00 and a 1 year high of $267.43.

Apple (NASDAQ:AAPL) last released its earnings results on Wednesday, October 30th. The iPhone maker reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.19. The business had revenue of $64.04 billion for the quarter, compared to the consensus estimate of $62.86 billion. Apple had a net margin of 21.24% and a return on equity of 53.82%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm posted $2.91 earnings per share. As a group, equities analysts expect that Apple will post 13.17 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Thursday, November 7th. Apple’s dividend payout ratio (DPR) is presently 25.90%.

In other Apple news, Director Arthur D. Levinson sold 37,394 shares of Apple stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $257.79, for a total value of $9,639,799.26. Following the completion of the sale, the director now directly owns 1,170,677 shares in the company, valued at $301,788,823.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 12,459 shares of Apple stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $234.04, for a total transaction of $2,915,904.36. Following the completion of the sale, the senior vice president now owns 57,819 shares of the company’s stock, valued at $13,531,958.76. The disclosure for this sale can be found here. Insiders sold 448,158 shares of company stock valued at $97,019,630 over the last quarter. Corporate insiders own 0.05% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of AAPL. Centaurus Financial Inc. raised its position in shares of Apple by 17.9% in the first quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock valued at $44,000 after purchasing an additional 1,262 shares during the period. Avondale Wealth Management raised its position in shares of Apple by 25.4% in the second quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock valued at $63,000 after purchasing an additional 64 shares during the period. NuWave Investment Management LLC raised its position in shares of Apple by 2,245.0% in the second quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock valued at $93,000 after purchasing an additional 449 shares during the period. Horan Securities Inc. raised its position in shares of Apple by 64.2% in the second quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock valued at $112,000 after purchasing an additional 221 shares during the period. Finally, Kahn Brothers Group Inc. DE bought a new position in shares of Apple in the third quarter valued at approximately $112,000. Hedge funds and other institutional investors own 59.51% of the company’s stock.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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