Apple (AAPL) PT Set at $200.00 by Rosenblatt Securities

Apple (NASDAQ:AAPL) received a $200.00 price objective from equities research analysts at Rosenblatt Securities in a research report issued on Wednesday. The brokerage presently has a “hold” rating on the iPhone maker’s stock. Rosenblatt Securities’ price target suggests a potential upside of 13.13% from the company’s current price.

Several other brokerages have also recently weighed in on AAPL. Wells Fargo & Co set a $210.00 price objective on shares of Apple and gave the stock a “neutral” rating in a research note on Monday, October 1st. Oppenheimer reiterated a “neutral” rating on shares of Apple in a research note on Monday, October 1st. Morgan Stanley reiterated a “buy” rating and issued a $245.00 price objective (up previously from $232.00) on shares of Apple in a research note on Wednesday, September 5th. DA Davidson reiterated a “buy” rating and issued a $265.00 price objective (up previously from $230.00) on shares of Apple in a research note on Wednesday, September 5th. Finally, DZ Bank reiterated a “buy” rating on shares of Apple in a research note on Monday, September 3rd. Three equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and twenty-five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $223.07.

Shares of NASDAQ:AAPL opened at $176.78 on Wednesday. Apple has a twelve month low of $150.24 and a twelve month high of $233.47. The company has a current ratio of 1.12, a quick ratio of 1.09 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $868.90 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 1.27 and a beta of 1.26.

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

In other Apple news, insider Chris Kondo sold 3,408 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $190.00, for a total transaction of $647,520.00. Following the completion of the sale, the insider now directly owns 8,940 shares of the company’s stock, valued at approximately $1,698,600. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Angela J. Ahrendts sold 14,194 shares of the stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $227.96, for a total transaction of $3,235,664.24. Following the sale, the senior vice president now directly owns 105,538 shares of the company’s stock, valued at $24,058,442.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 470,005 shares of company stock valued at $104,764,873. Insiders own 0.08% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AAPL. Summit Trail Advisors LLC boosted its position in shares of Apple by 17,669.4% during the 1st quarter. Summit Trail Advisors LLC now owns 20,180,694 shares of the iPhone maker’s stock valued at $20,181,000 after acquiring an additional 20,067,124 shares during the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of Apple by 18,553.3% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 16,758,709 shares of the iPhone maker’s stock valued at $89,526,000 after acquiring an additional 16,668,866 shares during the last quarter. FMR LLC boosted its position in shares of Apple by 7.0% during the 3rd quarter. FMR LLC now owns 110,895,804 shares of the iPhone maker’s stock valued at $25,033,620,000 after acquiring an additional 7,243,511 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Apple during the 1st quarter valued at approximately $830,026,000. Finally, Private Advisor Group LLC boosted its position in shares of Apple by 1,185.5% during the 2nd quarter. Private Advisor Group LLC now owns 4,320,770 shares of the iPhone maker’s stock valued at $800,386,000 after acquiring an additional 3,984,643 shares during the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

About Apple

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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