Apple Inc. (AAPL) Given "Buy" Rating at Longbow Research

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13 Agosto, 2017

(NASDAQ:AAPL) in a research note released on Friday. Deutsche Bank AG restated a hold rating on shares of Apple in a research note on Wednesday, July 12th. However, this information was confirmed only now.

WARNING: "Apple Inc. (AAPL) Receives Buy Rating from Goldman Sachs Group, Inc".

Longbow Research reaffirmed their buy rating on shares of Apple Inc. Wells Fargo & Company reiterated a "market perform" recommendation and given a $140.00 price objective on the stock of Apple in a study report on Saturday, Jul 22nd. The company has an average rating of "Buy" and an average price target of $167.35. The company had a trading volume of 26,257,096 shares. Apple has a 52-week low of $102.53 and a 52-week high of $161.83. The firm has a market capitalization of $813.42 billion, a PE ratio of 17.88 and a beta of 1.31.

"The shade is much darker".

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. During the same period last year, the firm earned $1.42 earnings per share. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts forecast that Apple Inc. will post $9.02 earnings per share for the current year. Stockholders of record on Monday, August 14th will be paid a $0.63 dividend. Apple's yield ratio (DPR) is presently 28.64%.

Apple's decision to ditch the home button which has been the key design marker of its iPhone range since it first launched in 2007 is perhaps the most obvious change with this year's flagship. Saratoga analysis & Investment Management has an ownership of 667,132 stocks of the iPhone maker's shares valued $95,840,000 after scooping up an extra 4,137 shares through out the quarter. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued. Following the transaction, the insider now directly owns 23,998 shares of the company's stock, valued at $3,726,169.46. The shares were sold at an average price of $142.86, for a total value of $1,707,034.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The stock was sold at an average price of $157.58, for a total transaction of $5,515,300.00. Following the transaction, the insider now owns 359,988 shares of the company's stock, valued at $56,903,303.16. This will enable Apple fans to silence notifications for the smartphone by merely glancing at the device. Insiders own 0.08% of the company's stock.

Several hedge funds and other institutional investors have recently modified their holdings of AAPL. Blue Sky Asset Management LLC purchased a new stake in Apple during the second quarter valued at approximately $108,000. FNY Managed Accounts LLC increased its stake in Apple by 852.4% in the second quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker's stock valued at $371,000 after buying an additional 10 shares in the last quarter. "Either of these naming schemes would make all three new iPhones sound new", the analyst asserted.

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications.

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