Apple Inc. (NASDAQ:AAPL).
On June 5 the company was changed to a “Sector Weight” in a report from Pacific Crest down from the previous “Hold” rating. On October 26 Drexel Hamilton kept the company rating at “Buy” but raised the price target to $185.00 from $123.00.
Equity analyst Stifel Nicolaus both downgraded the stock and raised the price target on October 26 changing the price target from $120.00 to $150.00 and moving the rating from “Buy” to “Outperform”. October 26 investment analysts at Morgan Stanley made no change to the company rating of “Buy” but moved up the price target from $115.00 to $185.00.
On October 26 Citigroup held the company rating at “Buy” and raised the price target to $185.00 from $114.00.
The company is so far trading down by -3.88 percent from yesterday’s close. Apple Inc. recently announced a dividend which was paid on Thursday May 18th, 2017. The dividend was $0.630 per share for the quarter or $2.52 annualized. This dividend amount represented a yeild of $1.69. The ex-dividend date was set for Thursday the 11th of May 2017.
The stock last traded at $148.98 a bit lower than $151.05, the 50 day moving average and a tad higher than the 200 day moving average of $134.13. The 50 day moving average was down by -1.37% whereas the 200 day moving average was up $14.85 or +11.07%.
Apple Inc., launched on January 3, 1977, designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players. The Company sells a range of related software, services, accessories, networking solutions and third-party digital content and applications. The Business’s segments include the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment includes European countries, India, the Middle East and Africa. The Greater China segment includes China, Hong Kong and Taiwan. The Rest of Asia Pacific segment includes Australia and the Asian countries not included in the Business’s other operating segments. The Business’s products and services include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings..
The P/E ratio is 17.48 and the market cap of the company is 776.76B. As of the latest earnings report the EPS was $8.52 and is projected to be $8.94 for the current year with 5,213,839,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $1.89 and the next full year EPS is projected to be $10.53.
Investors are a little more bearish on shares of Apple Inc. if you watch the change in short interest. The stock saw a rise in short interest between May 15, 2017 and April 28, 2017 of 10.34%. Short shares increased from 45,231,755 to 49,908,997 over that period. With short interest at 49,908,997 and short average daily volume at 34,196,323, days to cover is 1.5 and the short interest percentage is 0.01% as of April 28.