Apple (NASDAQ:AAPL) Given a $200.00 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a $200.00 price target on Apple (NASDAQ:AAPLGet Rating) in a report issued on Monday, Borsen Zeitung reports.

Several other research analysts also recently issued reports on the stock. Bank of America lowered their price target on shares of Apple from $160.00 to $154.00 and set a neutral rating for the company in a report on Monday, November 7th. UBS Group set a $180.00 price target on shares of Apple in a report on Wednesday, November 16th. Itau BBA Securities assumed coverage on shares of Apple in a report on Tuesday, July 26th. They set an underperform rating and a $136.00 price target for the company. Robert W. Baird lowered their price target on shares of Apple from $185.00 to $170.00 and set an outperform rating for the company in a report on Friday, October 28th. Finally, Wedbush lowered their price target on shares of Apple from $220.00 to $200.00 and set an outperform rating for the company in a report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Apple has an average rating of Moderate Buy and a consensus target price of $176.26.

Apple Stock Up 0.6 %

NASDAQ AAPL opened at $151.07 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. Apple has a 1-year low of $129.04 and a 1-year high of $182.94. The company has a 50 day moving average of $146.62 and a 200-day moving average of $149.67. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.92 and a beta of 1.25.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, beating the consensus estimate of $1.27 by $0.02. Apple had a net margin of 25.31% and a return on equity of 160.90%. The business had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. During the same period in the previous year, the business earned $1.24 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts expect that Apple will post 6.26 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were issued a $0.23 dividend. The ex-dividend date was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. Apple’s dividend payout ratio is presently 15.06%.

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O’brien sold 176,299 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $142.16, for a total value of $25,062,665.84. Following the completion of the sale, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,374,986.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Apple news, SVP Deirdre O’brien sold 176,299 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $142.16, for a total value of $25,062,665.84. Following the completion of the sale, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,374,986.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Chris Kondo sold 20,200 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the completion of the sale, the insider now owns 31,505 shares of the company’s stock, valued at approximately $4,685,423.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 380,851 shares of company stock worth $56,707,789. Insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after acquiring an additional 8,734,393 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Apple by 2.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 237,910,783 shares of the iPhone maker’s stock valued at $32,527,162,000 after acquiring an additional 4,831,418 shares during the period. Legal & General Group Plc grew its position in shares of Apple by 8.2% during the 2nd quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock valued at $16,889,649,000 after acquiring an additional 9,411,018 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Apple by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock valued at $14,097,970,000 after acquiring an additional 1,155,915 shares during the period. Finally, UBS Asset Management Americas Inc. grew its position in shares of Apple by 12.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock valued at $11,001,469,000 after acquiring an additional 8,716,964 shares during the period. 57.72% of the stock is owned by institutional investors.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

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Analyst Recommendations for Apple (NASDAQ:AAPL)

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