The Robert W. Baird Reiterates “$133.00” Price Target for Apple Inc. (AAPL)

The Robert W. Baird Reiterates “$133.00” Price Target for Apple Inc. (AAPL)

Robert W. Baird set a $133.00 price target on Apple Inc. (NASDAQ:AAPL) in a research note issued to investors on Wednesday. The brokerage currently has a a buy rating on the iPhone maker’s stock.

A number of other equities analysts also recently weighed in on AAPL. Zacks Investment Research raised shares of Apple from a strong sell rating to a hold rating in a research note on Tuesday, June 28th. Cowen and Company restated an outperform rating and issued a $125.00 price target on shares of Apple in a report on Wednesday, June 29th. Citigroup Inc. restated a buy rating and issued a $115.00 price target on shares of Apple in a report on Wednesday, July 6th. Longbow Research started coverage on shares of Apple in a report on Wednesday, July 6th. They issued a buy rating and a $125.00 price target for the company. Finally, Piper Jaffray Cos. restated an overweight rating and issued a $153.00 price target on shares of Apple in a report on Wednesday, July 6th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, forty-two have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $128.07.

Shares of Apple (NASDAQ:AAPL) opened at 113.72 on Wednesday. Apple has a one year low of $89.47 and a one year high of $123.82. The stock has a 50 day moving average of $114.12 and a 200-day moving average of $104.15. The company has a market capitalization of $606.39 billion, a PE ratio of 13.68 and a beta of 1.22.

Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, October 25th. The iPhone maker reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.01. Apple had a net margin of 21.19% and a return on equity of 35.59%. The business earned $46.85 billion during the quarter, compared to the consensus estimate of $46.88 billion. During the same quarter last year, the firm earned $1.96 earnings per share. Apple’s quarterly revenue was down 9.0% on a year-over-year basis. On average, equities analysts forecast that Apple will post $9.00 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Monday, November 7th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, November 3rd. Apple’s dividend payout ratio (DPR) is 27.57%.

In other Apple news, COO Jeffrey E. Williams sold 43,769 shares of Apple stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $112.59, for a total transaction of $4,927,951.71. Following the transaction, the chief operating officer now owns 90,657 shares of the company’s stock, valued at $10,207,071.63. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Timothy D. Cook sold 110,000 shares of Apple stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $105.95, for a total value of $11,654,500.00. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bouchey Financial Group Ltd increased its position in shares of Apple by 3.3% in the first quarter. Bouchey Financial Group Ltd now owns 101,841 shares of the iPhone maker’s stock valued at $11,100,000 after buying an additional 3,282 shares during the period. Narwhal Capital Management increased its position in shares of Apple by 0.4% in the first quarter. Narwhal Capital Management now owns 79,785 shares of the iPhone maker’s stock valued at $8,696,000 after buying an additional 305 shares during the period. Boston Advisors LLC increased its position in shares of Apple by 6.2% in the first quarter. Boston Advisors LLC now owns 1,310,136 shares of the iPhone maker’s stock valued at $142,792,000 after buying an additional 76,528 shares during the period. Advocacy Wealth Management Services LLC increased its position in shares of Apple by 68.1% in the first quarter. Advocacy Wealth Management Services LLC now owns 10,561 shares of the iPhone maker’s stock valued at $529,000 after buying an additional 4,277 shares during the period. Finally, HHG & Company LLC increased its position in shares of Apple by 37.1% in the first quarter. HHG & Company LLC now owns 50,206 shares of the iPhone maker’s stock valued at $5,472,000 after buying an additional 13,598 shares during the period. 56.35% of the stock is currently owned by institutional investors.

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