News articles about Apple (NASDAQ:AAPL) have been trending somewhat negative on Saturday, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Apple earned a news impact score of -1.33 on their scale. InfoTrie also assigned news articles about the iPhone maker an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Apple’s ranking:
AAPL opened at $206.50 on Friday. The business’s 50-day moving average is $203.83 and its two-hundred day moving average is $191.72. Apple has a 1 year low of $142.00 and a 1 year high of $233.47. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.50 and a quick ratio of 1.47. The firm has a market capitalization of $933.21 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.70 and a beta of 1.25.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.08. The business had revenue of $53.81 billion during the quarter, compared to the consensus estimate of $53.39 billion. Apple had a return on equity of 52.13% and a net margin of 21.50%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned $2.34 earnings per share. As a group, sell-side analysts expect that Apple will post 11.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Friday, August 9th. Apple’s dividend payout ratio is presently 25.86%.
Apple announced that its board has approved a share buyback program on Tuesday, April 30th that permits the company to buyback $75.00 billion in shares. This buyback authorization permits the iPhone maker to buy up to 7.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
Several research firms have recently weighed in on AAPL. Argus lifted their target price on Apple to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. BTIG Research lifted their target price on Apple to $234.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Daiwa Capital Markets set a $223.00 target price on Apple and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Deutsche Bank lifted their target price on Apple from $205.00 to $210.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Monness Crespi & Hardt reiterated a “buy” rating and set a $265.00 target price (up from $245.00) on shares of Apple in a research report on Wednesday, July 31st. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Apple currently has a consensus rating of “Hold” and an average price target of $216.11.
In related news, Director Arthur D. Levinson sold 17,500 shares of Apple stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $201.69, for a total transaction of $3,529,575.00. Following the completion of the sale, the director now owns 1,150,783 shares of the company’s stock, valued at $232,101,423.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris Kondo sold 4,376 shares of Apple stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $217.47, for a total value of $951,648.72. The disclosure for this sale can be found here. Insiders have sold 39,376 shares of company stock valued at $8,226,574 in the last ninety days. Corporate insiders own 0.05% of the company’s stock.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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