Latest Stocks: Apple Inc. (AAPL) Rating Reiterated by Morgan Stanley

Latest Stocks: Apple Inc. (AAPL) Rating Reiterated by Morgan Stanley

Apple Inc. (NASDAQ:AAPL)‘s stock had its “overweight” rating restated by Morgan Stanley in a report released on Wednesday, May 17th. They currently have a $177.00 price objective on the iPhone maker’s stock, up from their previous price objective of $161.00. Morgan Stanley’s target price would indicate a potential upside of 14.99% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $159.00 price objective (up from $152.00) on shares of Apple in a report on Monday, April 3rd. Goldman Sachs Group Inc reissued a “buy” rating and issued a $150.00 price objective on shares of Apple in a report on Wednesday, April 12th. Rosenblatt Securities reissued a “neutral” rating and issued a $120.00 price objective on shares of Apple in a report on Monday, April 17th. FBN Securities increased their price objective on Apple from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $170.00 price target (up from $160.00) on shares of Apple in a research note on Wednesday, May 17th. Eight investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $159.71.

Apple (NASDAQ AAPL) opened at 153.93 on Wednesday. Apple has a 1-year low of $91.50 and a 1-year high of $156.65. The stock has a market cap of $802.57 billion, a P/E ratio of 18.06 and a beta of 1.26. The company’s 50-day moving average price is $149.69 and its 200-day moving average price is $133.21.

Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.08. The company had revenue of $52.90 billion during the quarter, compared to analyst estimates of $52.61 billion. Apple had a return on equity of 33.20% and a net margin of 20.85%. Analysts predict that Apple will post $8.94 EPS for the current year. The firm also recently announced a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Monday, May 15th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Thursday, May 11th. This is a positive change from Apple’s previous quarterly dividend of $0.57. Apple’s dividend payout ratio is presently 27.31%.

Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.08. The company had revenue of $52.90 billion during the quarter, compared to analyst estimates of $52.61 billion. Apple had a return on equity of 33.20% and a net margin of 20.85%. Analysts predict that Apple will post $8.94 EPS for the current year. In other news, insider Luca Maestri sold 6,308 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $141.83, for a total transaction of $894,663.64. Following the completion of the sale, the insider now owns 2,665 shares of the company’s stock, valued at approximately $377,976.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Philip W. Schiller sold 47,796 shares of the company’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $143.32, for a total transaction of $6,850,122.72. Following the sale, the insider now directly owns 94,010 shares of the company’s stock, valued at approximately $13,473,513.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 430,705 shares of company stock worth $64,608,919. Company insiders own 0.08% of the company’s stock.

Several hedge funds have recently modified their holdings of AAPL. American Beacon Advisors Inc. purchased a new stake in shares of Apple during the first quarter worth $117,000. Glacier Peak Capital LLC purchased a new stake in shares of Apple during the fourth quarter worth $127,000. TrimTabs Asset Management LLC increased its stake in shares of Apple by 88.3% in the first quarter. TrimTabs Asset Management LLC now owns 921 shares of the iPhone maker’s stock worth $132,000 after buying an additional 432 shares during the period. Welch Investments LLC purchased a new stake in shares of Apple during the fourth quarter worth $146,000. Finally, Odey Holdings AG increased its stake in shares of Apple by 27.3% in the fourth quarter. Odey Holdings AG now owns 1,273 shares of the iPhone maker’s stock worth $147,000 after buying an additional 273 shares during the period. 58.76% of the stock is owned by institutional investors. About Apple

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