The stock of Apple Inc. (NASDAQ:AAPL) is a huge mover today! About 9.41 million shares traded hands. Apple Inc. (NASDAQ:AAPL) has risen 14.39% since March 11, 2016 and is uptrending. It has outperformed by 8.94% the S&P500.
The move comes after 5 months positive chart setup for the $632.57 billion company. It was reported on Oct, 14 by Barchart.com. We have $140.12 PT which if reached, will make NASDAQ:AAPL worth $120.19B 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 $8.81B for 17.95 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 174 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by Morgan Stanley on Wednesday, October 28. As per Wednesday, July 27, the company rating was maintained by Drexel Hamilton. Oppenheimer maintained the stock with “Outperform” rating in Friday, September 11 report. The stock has “Buy” rating given by Canaccord Genuity on Friday, January 8. The stock of Apple Inc. (NASDAQ:AAPL) has “Overweight” rating given on Monday, December 14 by Barclays Capital. Cowen & Co maintained the stock with “Market Perform” rating in Friday, September 11 report. The stock of Apple Inc. (NASDAQ:AAPL) earned “Overweight” rating by Morgan Stanley on Monday, October 12. The company was maintained on Wednesday, December 23 by Stifel Nicolaus. Piper Jaffray maintained Apple Inc. (NASDAQ:AAPL) on Wednesday, October 28 with “Overweight” rating. Wells Fargo maintained the shares of AAPL in a report on Friday, September 4 with “Buy” rating.
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 2016 Q2. Its down 0.26, from 1.15 in 2016Q1. The ratio worsened, 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.
The Pennsylvania-based Copeland Ltd Liability Co has invested 0.14% in Apple Inc. (NASDAQ:AAPL). Orrstown Financial Ser Inc holds 1.78% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 17,332 shares. Meeder Asset Mgmt Inc holds 182,174 shares or 1.63% of its portfolio. Tradewinds Investors Llc reported 153,844 shares or 0.96% of all its holdings. Johnson Counsel holds 2.63% or 835,817 shares in its portfolio. Frontier Capital Mgmt Co Ltd Co has invested 0.01% of its portfolio in Apple Inc. (NASDAQ:AAPL). Lyons Wealth Mgmt Ltd Limited Liability Company owns 112,804 shares or 16.27% of their US portfolio. Sand Hill Global Advisors Limited Liability Co, a California-based fund reported 100,114 shares. Todd Asset Management Ltd Liability Corp holds 0.82% or 268,661 shares in its portfolio. First Eagle Inv Mngmt Ltd Company holds 0% or 16,106 shares in its portfolio. King Wealth Mgmt Ltd Llc last reported 0.43% of its portfolio in the stock. Blue Fincl Inc, a Rhode Island-based fund reported 91,876 shares. Edmp Inc owns 46,657 shares or 4.34% of their US portfolio. Cubic Asset Limited holds 1.69% or 51,887 shares in its portfolio. Timber Creek Cap Limited Liability Company reported 224 shares or 0.02% of all its holdings.
Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 19 selling transactions for $134.09 million net activity. Another trade for 103,300 shares valued at $10.00 million was made by SEWELL D BRUCE on Monday, May 23. Another trade for 50,000 shares valued at $4.97M was made by Cue Eduardo H on Friday, May 27. The insider Maestri Luca sold $1.20M. The insider Srouji Johny sold 9,827 shares worth $1.07 million. 40,755 Apple Inc. (NASDAQ:AAPL) shares with value of $4.08M were sold by Riccio Daniel J.. Shares for $9.84 million were sold by FEDERIGHI CRAIG on Wednesday, August 17. AHRENDTS ANGELA J sold $3.58 million worth of Apple Inc. (NASDAQ:AAPL) on Monday, July 18.
More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Fool.com which released: “1 Way Apple Inc. Can Drive Smartphone Average Prices Up” on October 14, 2016, also Fool.com with their article: “Apple, Inc. Has Scooped Up Some Major Chip Talent” published on October 13, 2016, Fool.com published: “Apple Inc.’s Got a Big Watch Problem” on October 13, 2016. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Fool.com and their article: “Apple Inc. iPhone 7 Sales: Don’t Be Misled” published on October 14, 2016 as well as Fool.com‘s news article titled: “Apple Inc.’s iPhone Business: 3 Things Investors Need to Know” with publication date: October 13, 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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