The stock of Apple Inc. (NASDAQ:AAPL) is a huge mover today! About 17.01M shares traded hands. Apple Inc. (NASDAQ:AAPL) has risen 11.93% since March 1, 2016 and is uptrending. It has outperformed by 2.68% the S&P500.
The move comes after 8 months positive chart setup for the $607.97B company. It was reported on Oct, 4 by Barchart.com. We have $133.76 PT which if reached, will make NASDAQ:AAPL worth $109.43 billion more.
Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on October, 25. They expect $1.64 earnings per share, down 16.33% or $0.32 from last year’s $1.96 per share. AAPL’s profit will be $8.80 billion for 17.28 P/E if the $1.64 EPS becomes a reality. After $1.42 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts 15.49% EPS growth.
Apple Inc. (NASDAQ:AAPL) Ratings Coverage
Out of 39 analysts covering Apple Inc. (NASDAQ:AAPL), 35 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 90% are positive. Apple Inc. has been the topic of 170 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Thursday, August 11 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Friday, September 11 by Piper Jaffray. The firm earned “Overweight” rating on Thursday, September 29 by Barclays Capital. As per Thursday, August 20, the company rating was maintained by Bernstein. The firm earned “Overweight” rating on Wednesday, October 28 by Piper Jaffray. On Friday, September 4 the stock rating was maintained by Oppenheimer with “Buy”. The stock of Apple Inc. (NASDAQ:AAPL) earned “Outperform” rating by FBR Capital on Wednesday, July 22. The firm has “Strong Buy” rating by Needham given on Wednesday, April 6. The rating was maintained by Credit Suisse on Thursday, September 15 with “Outperform”. The firm earned “Buy” rating on Wednesday, April 27 by Nomura.
According to Zacks Investment Research, “Apple Inc. is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings. It sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers. Apple Inc. is headquartered in Cupertino, California.”
Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. Its down 0.26, from 1.15 in 2016Q1. The ratio turned negative, as 116 funds sold all Apple Inc. shares owned while 900 reduced positions. 66 funds bought stakes while 835 increased positions. They now own 2.95 billion shares or 8.86% less from 3.23 billion shares in 2016Q1.
First Hawaiian Bank & Trust accumulated 4,209 shares or 0.07% of the stock. The Jersey-based Contrarius Invest Ltd has invested 6.49% in Apple Inc. (NASDAQ:AAPL). Afam Incorporated has 1.45% invested in the company for 91,705 shares. Nbw Lc owns 104,274 shares or 3.06% of their US portfolio. Tower Rech Cap Lc (Trc) has 0.64% invested in the company for 70,475 shares. Beacon Tru Com holds 2.32% or 122,240 shares in its portfolio. Glovista Investments Llc holds 0.12% or 6,785 shares in its portfolio. Stralem Inc accumulated 0.08% or 7,000 shares. Usca Ria Ltd Limited Liability Company accumulated 0.88% or 54,827 shares. M Secs reported 60,583 shares or 2.96% of all its holdings. Cantab Partners Llp last reported 6,936 shares in the company. Mrj Capital Inc has 3.85% invested in the company for 59,205 shares. Great West Life Assurance Can holds 1.77% or 4.49 million shares in its portfolio. Oarsman holds 27,928 shares or 1.39% of its portfolio. Parsec Fin has invested 2.63% of its portfolio in Apple Inc. (NASDAQ:AAPL).
Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 18 insider sales for $129.16 million net activity. AHRENDTS ANGELA J had sold 25,000 shares worth $2.50 million. $9.84 million worth of Apple Inc. (NASDAQ:AAPL) was sold by FEDERIGHI CRAIG on Wednesday, August 17. On Thursday, May 26 Srouji Johny sold $798,000 worth of the stock or 8,000 shares. SEWELL D BRUCE sold $2.51M worth of stock or 23,305 shares. Shares for $1.03 million were sold by KONDO CHRIS on Tuesday, August 2. $4.97M worth of Apple Inc. (NASDAQ:AAPL) was sold by Cue Eduardo H on Friday, May 27. $4.08 million worth of Apple Inc. (NASDAQ:AAPL) shares were sold by Riccio Daniel J..
More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Fool.com which released: “1 Huge Winner From the Apple Inc. iPhone 7” on October 04, 2016, also Fool.com with their article: “Apple, Inc. Could Have 3 New iPads Up Its Sleeve” published on October 03, 2016, Foxbusiness.com published: “The Clearest Evidence Yet That Apple, Inc. Might Be Working on an ARM-Based Mac” on October 03, 2016. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Investorplace.com and their article: “Tuesday’s Vital Data: Twitter Inc (TWTR), Apple Inc. (AAPL) and Netflix, Inc …” published on October 04, 2016 as well as Fool.com‘s news article titled: “Apple Inc. iPhone 8 Predictions” with publication date: October 01, 2016.
AAPL Company Profile
Apple Inc. (Apple), incorporated on January 3, 1977, designs, makes and markets mobile communication and media devices, personal computers and portable digital music players and sells a variety of related software, services, peripherals, networking solutions and third-party digital content and applications. The Company’s services and products include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud and a variety of accessory, service and support offerings. The Firm offers a range of mobile communication and media devices, personal computing products and portable digital music players, as well as a variety of related software, services, peripherals, networking solutions and third-party hardware and software products. In addition, the Company offers its own software products, including iOS, the Company’s mobile operating system; OS X, the Company’s Mac operating system; and server and application software. The Company’s primary products include iPhone, iPad, Mac, iPod, iTunes, Mac App Store, iCloud, Operating System Software, Application Software and Other Application Software.
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