Apple (NASDAQ:AAPL) Stock Rating Reaffirmed as “Underweight” by KeyCorp

Apple (NASDAQ:AAPL)‘s stock had its “underweight” rating reiterated by KeyCorp in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $250.00 price target on the iPhone maker’s stock. KeyCorp‘s target price would suggest a potential downside of 26.11% from the company’s previous close.

A number of other equities analysts also recently weighed in on AAPL. Monness Crespi & Hardt reissued a “buy” rating and set a $355.00 price target on shares of Apple in a research report on Wednesday, October 28th. Loop Capital cut Apple from a “buy” rating to a “hold” rating and cut their price objective for the company from $370.00 to $330.00 in a research report on Tuesday, October 20th. Robert W. Baird set a $340.00 target price on Apple and gave the stock an “outperform” rating in a research note on Tuesday. Citigroup reissued a “buy” rating on shares of Apple in a report on Thursday, September 10th. Finally, The Goldman Sachs Group started coverage on Apple in a research note on Monday, August 17th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $342.02.

Apple Stock Performance

Shares of AAPL stock opened at $338.32 on Tuesday. The company has a fifty day moving average price of $333.62 and a two-hundred day moving average price of $296.77. Apple has a one year low of $243.42 and a one year high of $351.73. The stock has a market cap of $4.94 trillion, a P/E ratio of 38.80, a P/E/G ratio of 2.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.11. The company had revenue of $114.48 billion for the quarter, compared to analyst estimates of $113.40 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. Apple’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.85 EPS. As a group, equities analysts predict that Apple will post 8.75 EPS for the current year.

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 2,399 shares of the company’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $343.36, for a total value of $823,720.64. Following the transaction, the senior vice president owned 32,396 shares of the company’s stock, valued at approximately $11,123,490.56. This represents a 6.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Ternus sold 25,412 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total value of $8,460,671.28. Following the transaction, the chief executive officer owned 59,567 shares in the company, valued at approximately $19,832,236.98. This trade represents a 29.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 289,252 shares of company stock valued at $96,301,063. Insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Apple

A number of institutional investors have recently modified their holdings of AAPL. Prospect Hill Management LLC acquired a new position in shares of Apple during the second quarter worth approximately $146,370,000. Focus Partners Advisor Solutions LLC acquired a new stake in Apple in the 2nd quarter valued at $168,646,000. Wealthfront Advisers LLC acquired a new stake in Apple in the 2nd quarter valued at $482,388,000. Satovsky Asset Management LLC acquired a new stake in Apple in the 2nd quarter valued at $16,064,000. Finally, Gouws Capital LLC increased its stake in Apple by 136.9% during the 3rd quarter. Gouws Capital LLC now owns 37,504 shares of the iPhone maker’s stock valued at $12,490,000 after purchasing an additional 21,676 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported fiscal Q4 revenue of $114.48 billion and earnings of $2.10 per share, exceeding Wall Street estimates of approximately $113.4 billion and $1.99, respectively. Revenue increased 11.7% year over year. Apple results beat Wall Street expectations on strong iPhone sales
• Positive Sentiment: Strong demand for the iPhone 18 Pro lineup and higher prices drove iPhone revenue, while Mac sales also surged. Apple said its active installed base reached an all-time high, supporting the long-term ecosystem outlook. Apple posts record September quarter under new CEO
• Positive Sentiment: Some analysts remain bullish, arguing that memory-cost challenges are manageable and that Apple could benefit from an AI-driven Mac upgrade cycle, education demand and new lower-priced Mac products. Citi maintained a Buy rating with a $365 price target. Apple strong September quarter and growth catalysts
• Neutral Sentiment: The results were John Ternus’s first earnings report as CEO. His early performance was viewed positively, but investors are seeking more clarity on Apple’s AI strategy, Siri and potential paid AI services. Apple CEO John Ternus faces investor questions
• Negative Sentiment: Management warned that “unprecedented” memory-chip inflation will pressure gross margins and that supply constraints for Macs and iPads could persist through the December quarter. Higher memory costs fuel Apple margin concerns
• Negative Sentiment: Holiday-quarter guidance disappointed investors because services growth is expected to slow while Apple absorbs higher AI-related cloud costs. China revenue, iPad sales and some other product categories also lagged expectations. Analysts assess Apple after earnings
• Negative Sentiment: A tariff refund contributed roughly one percentage point to gross margin and $0.05 to earnings per share, raising concerns about the quality and sustainability of part of the quarterly beat. Apple reports fourth-quarter results

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.