Apple Inc. (NASDAQ:AAPL) stock is presently standing at about $119.11 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 43 analysts covering the company is $133.00, which suggests the stock could still rise over 10 percent. The highest analyst price target is $185.00, which implies a rally of 45 percent. And a quick view of analyst notes show that 26 are rating the stock a buy while 13 rate AAPL a strong buy. There are 7 equity research firms advocating a Hold and 1 consider it Sell.
Hilliard Lyons analysts provided their view on Apple Inc. (NASDAQ:AAPL) recently. The rating firm issued a Long-term Buy rating to this company in a research note released on Oct 27, 2016. Stifel analysts disclosed their opinion on Apple Inc. (NASDAQ:AAPL) recently. The rating firm gave a Hold rating to this stock in a research note published on Oct 26, 2016. According to a research note disclosed on Sep 08, 2016, analysts at Wells Fargo have lowered their rating on these shares from Outperform to Market Perform.
Apple Inc. (NASDAQ:AAPL) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Senior Vice President, CFO Maestri Luca sold 4,010 company shares for $472000.7, in a transaction on 2017-01-06. Following the transaction, the Senior Vice President, CFO is left with a stake of 472.7 shares, currently valued at $56303. Meanwhile, Senior Vice President, CFO Maestri Luca sold 2,300 shares worth $270000.64, through a transaction dated 2016-12-28. Following the completion of the transaction, the insider is left with a stake of 4,432 shares, amounting $527895.52. AAPL Senior Vice President Riccio Daniel J. also sold 10,942 shares, at a stock price of $116.07. This transaction occurred on 2016-12-15 totals $1270000.04. After this transaction, the insider’s stake stands at 10,942 shares, with a market value of $1303302.
Executives hold 0.19 percent of the stock. Mr. Steven P. Jobs is one of the biggest insider owners in Apple Inc. (NASDAQ:AAPL), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 5,546,451 shares which have current market value of around $660637778.61.Mr. Arthur D. Levinson, PhD is another major inside shareholder in the company. The insider owns 1,133,283 shares as of less than 0.1%, currently worth $134985338.13. Mr. Timothy D. Cook is ranked as third insider holder of the stock. This insider holds 1,039,809 shares with a market value around $123851649.99 as of recent close.
Apple Inc. (NASDAQ:AAPL) Earnings Outlook
In Apple Inc. (NASDAQ:AAPL)’s latest quarter, EPS moved to $1.67 from $1.42 in preceding quarter and revenues reached at $46,852.00M compared to $42,358.00M. Analysts had expected Apple Inc. (NASDAQ:AAPL) to post net income of about $1.66 per share on $46,938.10M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $3.13 to $4.23. That is compared with the $3.28 in EPS it reported during the same period a year ago.