Apple Inc. (NASDAQ:AAPL – Free Report) – Analysts at Erste Group Bank lifted their FY2026 EPS estimates for Apple in a research note issued to investors on Wednesday, July 15th. Erste Group Bank analyst H. Engel now anticipates that the iPhone maker will post earnings per share of $8.75 for the year, up from their previous forecast of $8.74. The consensus estimate for Apple’s current full-year earnings is $8.76 per share. Erste Group Bank also issued estimates for Apple’s FY2027 earnings at $9.56 EPS.
Several other equities research analysts have also recently issued reports on AAPL. Wells Fargo & Company restated an “overweight” rating and issued a $310.00 target price (up from $300.00) on shares of Apple in a report on Friday, May 1st. Rosenblatt Securities reissued a “neutral” rating and set a $276.00 price target on shares of Apple in a report on Tuesday, June 9th. Maxim Group reiterated a “buy” rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a research report on Tuesday, June 9th. TD Cowen increased their target price on Apple from $335.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Finally, Morgan Stanley restated an “overweight” rating on shares of Apple in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $318.43.
Apple Stock Performance
Shares of AAPL stock opened at $333.26 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The company has a 50 day moving average price of $302.80 and a 200-day moving average price of $276.70. Apple has a 52 week low of $201.50 and a 52 week high of $334.68. The firm has a market capitalization of $4.89 trillion, a PE ratio of 40.30, a P/E/G ratio of 2.84 and a beta of 1.10.
Apple (NASDAQ:AAPL – Get Free Report) last posted its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. During the same quarter last year, the company earned $1.65 EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. First National Bank of Hutchinson boosted its stake in shares of Apple by 24.6% in the fourth quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker’s stock worth $8,845,000 after acquiring an additional 6,982 shares during the period. Eagle Capital Management LLC raised its stake in Apple by 0.5% during the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker’s stock valued at $13,544,000 after purchasing an additional 272 shares during the period. Brighton Jones LLC lifted its holdings in Apple by 14.8% in the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker’s stock worth $134,554,000 after purchasing an additional 69,207 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Apple by 4.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker’s stock worth $16,742,000 after purchasing an additional 2,695 shares during the period. Finally, Highview Capital Management LLC DE grew its holdings in Apple by 2.4% during the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker’s stock valued at $12,587,000 after buying an additional 1,155 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.
Insider Buying and Selling
In other Apple news, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the transaction, the chief financial officer owned 13,366 shares of the company’s stock, valued at $3,675,650. The trade was a 10.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ben Borders sold 1,274 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the completion of the transaction, the insider owned 38,713 shares of the company’s stock, valued at approximately $11,226,770. The trade was a 3.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 2,924 shares of company stock valued at $825,546. 0.06% of the stock is currently owned by corporate insiders.
Apple Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. This is an increase from Apple’s previous quarterly dividend of $0.26. Apple’s payout ratio is presently 13.06%.
Apple News Roundup
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple Intelligence received regulatory approval in China, clearing the way for a major AI rollout with local partners Alibaba and Baidu. Alibaba and Baidu shares jump in Hong Kong on Apple AI partnership
- Positive Sentiment: Reports that Apple is considering chip acquisitions suggest it wants to strengthen its AI server capabilities and close the gap in AI infrastructure. Apple chasing AI chip company deals, The Information reports
- Positive Sentiment: Apple’s expanded relationship with Broadcom is reinforcing confidence in its supply chain and custom silicon strategy. Apple Plans to Spend $30 Billion in a Deal With Broadcom (AVGO) – Reuters
- Neutral Sentiment: Apple’s lawsuit against OpenAI keeps the company in the headlines and could influence the broader AI ecosystem, but the stock impact is less certain. Apple’s Lawsuit Against OpenAI Could Ripple Across the AI Ecosystem And Put the AI Bubble to the Test
- Negative Sentiment: U.S. lawmakers are pushing to block Apple from sourcing memory chips from China’s CXMT, which could complicate Apple’s supply chain. Apple (AAPL) Faces Lawmaker Push To Block CXMT Memory Chip Sourcing
About Apple
Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.
Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.
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