On Thursday, April 28th, RTT News reported that the company’s board of directors had approved a redemption plan. The company plans to buy back $ 90.00 billion worth of assets. The iPhone maker can also purchase up to 3.5 percent of its product through open source markets under this redemption order. Dividing redemption plans is always an indication that the board of directors believes that the company’s product is worthless. The AAPL market has been discussed by a number of research analysts. In a research report released on Thursday, January 19th, Citigroup reiterated a “buy” price and set a $ 200.00 price target on Apple stock.
Canaccord Genuity Group increased their stock price on Apple shares from $ 185.00 to $ 200.00 and gave the company a “buy” price in a survey report on Friday, January 28th. Morgan Stanley reduced their stock price on Apple shares from $ 210.00 to $ 195.00 and set an “overweight” rating on the market in a test report on Friday. Wells Fargo & Company increased their market cap on Apple shares from $ 165.00 to $ 205.00 and gave the company “overweight” in a survey report on Friday, January 21st. Finally, Monness Crespi & Hardt increased their market cap on Apple shares from $ 184.00 to $ 199.00 and gave the product a “buy” price in a research note on Friday, January 28th. Eight analysts have rated the stock with a hold price, six have offered a buy rating and one has given a strong buy rating to the company’s stock.
According to data from MarketBeat.com, the current market has a consensus estimate of “Buy” and a market price of $ 189.10. AAPL sold out $ 5.99 on Friday, reaching $ 157.65. The company has a trading volume of 131,145,395 shares, compared to its total volume of 92,768,992. Apple has a 1 year low of $ 122.25 and a 1 year high of $ 182.94. The stock has a market cap of $ 2.57 trillion, a PE ratio of 26.10, a P / E / G ratio of 2.16 and a beta of 1.19. The company has a speed ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.48. The stock has a 50-day moving average price of $ 165.70 and a 200-day moving average price of $ 164.93.
Apple (NASDAQ: AAPL – Get Rating) last announced the results of its quarterly earnings on Thursday, April 28th. IPhone maker reported $ 1.52 earnings per share, beating analysts ’forecast earnings of $ 1.43 by $ 0.09. The company had revenue of $ 97.28 billion during the quarter, compared to analysts’ expectations of $ 93.99 billion. Apple has an average margin of 26.58% and a return on equity of 149.81%. Apple’s quarterly revenue was 8.6% compared to the same quarter last year. At the same time last year, the company earned $ 1.40 per share. As a group, analysts expect Apple to post 6.16 earnings per share for the current fiscal year.
The company also announced a quarterly distribution soon, which will pay off on Thursday, May 12th. Record shareholders on Monday, May 9th will pay a $ 0.23 payout. This is a positive change from Apple’s previous quarterly earnings of $ 0.22. This represents a share of $ 0.92 on an annual basis and a yield of 0.58%. Apple’s share price is currently 14.57%. In other Apple news, SVP Deirdre O’brien sold 29,198 shares of Apple stock in a deal on Monday, April 4th. The shares traded at an average price of $ 177.77, for a total value of $ 5,190,528.46. Following the transaction, the Vice President now directly has 136,290 shares in the company, valued at $ 24,228,273.30. The transaction was disclosed in a document filed with the SEC, which is on the SEC website. In particular, SVP Katherine L. Adams sold 25,000 shares of the stock market in a trading session on Thursday, March 3rd. The product was sold at an average price of $ 174.78, for a total transaction of $ 4,369,500.00. An introduction to this sale can be found here. Over the past 90 days, insiders sold 170,085 shares of the company’s stock worth $ 30,047,365. 0.06% of the product is owned by current company owners.
Apple Inc. designs, manufactures, and manufactures smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells a variety of related services. In addition, the company offers the iPhone, a line of smartphones; Mac, line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, on-ear wireless headset; and wearables, home, and accessories including AirPods, Apple TV, Apple Watch, Beats Products, HomePod, and iPod touch.