Apple Inc. (NASDAQ:AAPL) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 58,730,906 shares, a growth of 19.5% from the February 15th total of 49,152,571 shares. Based on an average daily volume of 36,411,740 shares, the short-interest ratio is currently 1.6 days. Currently, 1.1% of the shares of the stock are short sold.
A number of brokerages recently commented on AAPL. Vetr cut Apple from a “strong-buy” rating to a “buy” rating and set a $187.18 price target on the stock. in a research report on Wednesday, February 14th. UBS Group set a $190.00 target price on Apple and gave the company a “buy” rating in a research report on Monday, December 4th. Zacks Investment Research upgraded Apple from a “hold” rating to a “buy” rating and set a $197.00 target price on the stock in a research report on Thursday, January 18th. Piper Jaffray Companies reiterated a “buy” rating and issued a $200.00 target price on shares of Apple in a research report on Tuesday, January 2nd. Finally, Goldman Sachs Group began coverage on Apple in a research report on Wednesday, February 7th. They issued a “neutral” rating and a $161.00 target price on the stock. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $201.57.
In related news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $174.78, for a total value of $2,733,733.98. Following the transaction, the insider now owns 13,739 shares in the company, valued at $2,401,302.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is currently owned by company insiders.
Shares of Apple (NASDAQ AAPL) opened at $179.98 on Monday. The company has a market capitalization of $913,220.00, a P/E ratio of 17.61, a PEG ratio of 1.36 and a beta of 1.22. Apple has a 1-year low of $138.62 and a 1-year high of $180.62. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.82 by $0.07. The firm had revenue of $88.29 billion during the quarter, compared to the consensus estimate of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.36 earnings per share. sell-side analysts expect that Apple will post 11.43 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.52 annualized dividend and a dividend yield of 1.40%. Apple’s dividend payout ratio is 24.66%.
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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. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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