Apple Inc. (NASDAQ:AAPL) – Equities researchers at DA Davidson raised their Q2 2019 earnings per share estimates for Apple in a report issued on Wednesday, January 30th, Zacks Investment Research reports. DA Davidson analyst T. Forte now anticipates that the iPhone maker will post earnings of $2.25 per share for the quarter, up from their prior estimate of $2.14. DA Davidson currently has a “Buy” rating and a $245.00 target price on the stock. DA Davidson also issued estimates for Apple’s Q4 2019 earnings at $2.33 EPS and FY2019 earnings at $10.54 EPS.
A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. restated a “buy” rating and issued a $228.00 target price on shares of Apple in a report on Friday, January 11th. Royal Bank of Canada restated a “buy” rating and issued a $185.00 target price on shares of Apple in a report on Friday, January 18th. Citigroup decreased their target price on Apple from $265.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Rosenblatt Securities set a $165.00 target price on Apple and gave the stock a “neutral” rating in a report on Thursday, December 6th. Finally, Morgan Stanley lifted their target price on Apple from $226.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, November 8th. One research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and twenty-two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $191.66.
AAPL opened at $172.03 on Monday. Apple has a one year low of $142.00 and a one year high of $233.47. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.25 and a current ratio of 1.30. The firm has a market capitalization of $837.64 billion, a PE ratio of 14.44, a PEG ratio of 1.75 and a beta of 1.13.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, January 29th. The iPhone maker reported $4.18 EPS for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.01. Apple had a return on equity of 50.92% and a net margin of 22.72%. The company had revenue of $84.31 billion for the quarter, compared to the consensus estimate of $84.07 billion.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Investors of record on Monday, February 11th were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, February 8th. This represents a $2.92 dividend on an annualized basis and a yield of 1.70%. Apple’s dividend payout ratio (DPR) is presently 24.52%.
In related news, Director Arthur D. Levinson sold 1,521 shares of the stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $167.71, for a total transaction of $255,086.91. Following the sale, the director now directly owns 1,134,804 shares in the company, valued at approximately $190,317,978.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the business. First Hawaiian Bank lifted its stake in shares of Apple by 33.5% in the 2nd quarter. First Hawaiian Bank now owns 10,012 shares of the iPhone maker’s stock valued at $1,854,000 after purchasing an additional 2,510 shares during the period. Peavine Capital LLC lifted its stake in shares of Apple by 428.7% in the 2nd quarter. Peavine Capital LLC now owns 6,968 shares of the iPhone maker’s stock valued at $1,290,000 after purchasing an additional 5,650 shares during the period. Wechter Feldman Wealth Management Inc. lifted its stake in shares of Apple by 29.1% in the 2nd quarter. Wechter Feldman Wealth Management Inc. now owns 2,918 shares of the iPhone maker’s stock valued at $540,000 after purchasing an additional 657 shares during the period. Newman Dignan & Sheerar Inc. lifted its stake in shares of Apple by 5.2% in the 3rd quarter. Newman Dignan & Sheerar Inc. now owns 23,123 shares of the iPhone maker’s stock valued at $5,186,000 after purchasing an additional 1,142 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Apple by 3.6% in the 2nd quarter. Parallel Advisors LLC now owns 96,213 shares of the iPhone maker’s stock valued at $17,810,000 after purchasing an additional 3,336 shares during the period. 56.59% of the stock is currently owned by hedge funds and other institutional investors.
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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