January 12, 2018 – By Henry Gaston
Sentiment for Apple Inc (NASDAQ:AAPL)
Apple Inc (NASDAQ:AAPL) institutional sentiment increased to 0.7 in 2017 Q3. Its up 0.02, from 0.68 in 2017Q2. The ratio has increased, as 756 institutional investors opened new or increased equity positions, while 1086 decreased and sold their equity positions in Apple Inc. The institutional investors in our partner’s database now hold: 2.97 billion shares, down from 3.06 billion shares in 2017Q2. Also, the number of institutional investors holding Apple Inc in their top 10 equity positions decreased from 965 to 957 for a decrease of 8. Sold All: 52 Reduced: 1034 Increased: 640 New Position: 116.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and mid-sized businesses, and education, enterprise, and government clients worldwide. The company has market cap of $891.66 billion. The firm also sells related software, services, accessories, networking solutions, and third-party digital content and applications. It has a 19.03 P/E ratio. It offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers.
The stock increased 0.57% or $0.99 during the last trading session, reaching $175.28. About 18.67M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 12, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.
Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 earnings per share, up 11.61 % or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.08B for 11.69 P/E if the $3.75 EPS becomes a reality. After $2.07 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16 % EPS growth.
Independent Investors Inc holds 24.82% of its portfolio in Apple Inc. for 387,183 shares. Lyons Wealth Management Llc. owns 105,300 shares or 24.34% of their US portfolio. Moreover, Baker Boyer National Bank has 15.82% invested in the company for 31,138 shares. The New York-based Summit Securities Group Llc has invested 15.37% in the stock. Meru Capital Group Lp, a New York-based fund reported 32,500 shares.#img1#
Since January 1, 0001, it had 0 buys, and 12 selling transactions for $93.68 million activity.
Apple Inc. (NASDAQ:AAPL) Ratings Coverage
Ratings analysis reveals 77% of Apple Inc.’s analysts are positive. Out of 52 Wall Street analysts rating Apple Inc., 40 give it “Buy”, 1 “Sell” rating, while 11 recommend “Hold”. The lowest target is $11 while the high is $215.0. The stock’s average target of $168.56 is -3.83% below today’s ($175.28) share price. AAPL was included in 344 notes of analysts from July 21, 2015. The rating was maintained by Maxim Group with “Buy” on Monday, June 19. Drexel Hamilton maintained the stock with “Buy” rating in Monday, July 31 report. The company was maintained on Friday, August 7 by FBR Capital. UBS maintained the shares of AAPL in report on Wednesday, October 12 with “Buy” rating. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Monday, June 12 by Citigroup. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Friday, September 11 by Rosenblatt. The firm has “Buy” rating by UBS given on Monday, October 23. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Friday, September 11 by Bernstein. Wells Fargo initiated the shares of AAPL in report on Tuesday, November 14 with “Hold” rating. The firm earned “Buy” rating on Wednesday, April 27 by Nomura.
More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Fool.com which released: “App Store Revenue Continues Surging for Apple, Inc.” on January 06, 2018, also Fool.com with their article: “Apple Inc. Reportedly to Tap New Display Supplier for 6.46-Inch OLED iPhone” published on January 10, 2018, Usnews.com published: “Apple Apologizes for Slowing iPhones” on December 29, 2017. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Reuters.com and their article: “Apple releases new update to fix ‘Spectre’ chip flaw” published on January 08, 2018 as well as Investorplace.com‘s news article titled: “Bad News May Show That Apple Inc. Has Lost Its Way” with publication date: January 10, 2018.
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