Apple (NASDAQ:AAPL) Price Target Raised to $400.00

Apple (NASDAQ:AAPL) had its target price hoisted by Argus from $375.00 to $400.00 in a report issued on Tuesday morning,Benzinga reports. Argus currently has a buy rating on the iPhone maker’s stock.

Several other research analysts have also recently weighed in on AAPL. Seaport Research Partners cut shares of Apple from a “buy” rating to a “neutral” rating in a research report on Monday, August 17th. The Goldman Sachs Group started coverage on shares of Apple in a research note on Monday, August 17th. They set a “buy” rating on the stock. Bank of America reiterated a “buy” rating and issued a $370.00 target price on shares of Apple in a report on Wednesday, September 23rd. KeyCorp reissued an “underweight” rating and issued a $250.00 price target on shares of Apple in a research note on Tuesday. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $343.74.

Apple Stock Performance

Shares of Apple stock opened at $344.17 on Tuesday. Apple has a one year low of $243.42 and a one year high of $355.38. The company has a market cap of $5.00 trillion, a price-to-earnings ratio of 39.67, a PEG ratio of 3.30 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.02. The business’s 50 day moving average price is $335.46 and its 200 day moving average price is $298.03.

Apple (NASDAQ:AAPL) last issued its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.11. Apple had a return on equity of 125.35% and a net margin of 27.60%. The company had revenue of $114.48 billion during the quarter, compared to analysts’ expectations of $113.40 billion. During the same period in the prior year, the business earned $1.85 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts predict that Apple will post 9.64 EPS for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, November 12th. Apple’s dividend payout ratio (DPR) is 12.39%.

Insiders Place Their Bets

In related news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $325.75, for a total transaction of $781,474.25. Following the completion of the transaction, the senior vice president owned 29,997 shares of the company’s stock, valued at approximately $9,771,522.75. This trade represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kevan Parekh sold 1,392 shares of the firm’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $345.05, for a total value of $480,309.60. Following the transaction, the chief financial officer owned 17,539 shares of the company’s stock, valued at approximately $6,051,831.95. This represents a 7.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 291,651 shares of company stock worth $97,082,537. Insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Apple

Several hedge funds have recently bought and sold shares of the company. Prospect Hill Management LLC purchased a new position in Apple in the second quarter worth approximately $146,370,000. Focus Partners Advisor Solutions LLC purchased a new stake in Apple during the 2nd quarter worth about $168,646,000. Wealthfront Advisers LLC purchased a new stake in Apple during the 2nd quarter worth about $482,388,000. Satovsky Asset Management LLC purchased a new stake in Apple during the 2nd quarter worth about $16,064,000. Finally, Gouws Capital LLC raised its position in shares of Apple by 136.9% during the 3rd quarter. Gouws Capital LLC now owns 37,504 shares of the iPhone maker’s stock worth $12,490,000 after acquiring an additional 21,676 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple beat fiscal fourth-quarter earnings and revenue expectations, with revenue of $114.5 billion and solid iPhone and Mac demand. The results support the view that product demand remains healthy. Apple shares fell despite a double beat in Q4
• Positive Sentiment: Bernstein raised its price target to $380 and kept a Buy rating, citing potential upside from Apple’s business prospects. Bernstein rating and price target
• Neutral Sentiment: Apple is reportedly seeking up to $7 billion through a bond offering. The borrowing adds financing flexibility, but the reports did not specify how proceeds would be used. Apple seeks about $7 billion from bond sale
• Negative Sentiment: Management flagged memory-chip costs that could keep rising, along with supply constraints ahead of the December quarter. These pressures may weigh on margins even as demand remains strong. Supply constraints and rising memory costs
• Negative Sentiment: Investors are also scrutinizing earnings quality: tariff refunds boosted reported profit metrics, making the underlying results less straightforward to assess. Investors revisit Apple earnings quality
• Negative Sentiment: Analyst caution and valuation concerns add to the headwinds. DZ Bank cut Apple to Sell, while coverage also points to slower Services growth and a premium share valuation. DZ Bank downgrades Apple

Apple Company Profile

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.