Beech Hill Advisors Inc. Acquires 25 Shares of Apple Inc. (AAPL)

Beech Hill Advisors Inc. Acquires 25 Shares of Apple Inc. (AAPL)

Piper Jaffray Companies reiterated an overweight rating and set a $155.00 target price on shares of Apple in a research note on Tuesday, April 11th.

ILLEGAL ACTIVITY WARNING: "Bank of America Corporation Reaffirms "Buy" Rating for Apple Inc". Drexel Hamilton restated a "buy" rating and set a $202.00 price objective on shares of Apple in a research note on Thursday, July 6th. Also, SVP Johny Srouji sold 10,000 shares of the business's stock in a transaction that occurred on Monday, May 22nd. The company has an average rating of "Buy" and an average target price of $167.35. (NASDAQ:AAPL) traded up 1.39% during trading on Friday, hitting $157.48. The company has a market capitalization of $813.42 billion, a price-to-earnings ratio of 17.88 and a beta of 1.31.

Apple Inc. has a 52 week low of $102.53 and a 52 week high of $161.83.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.57 by $0.10, Bloomberg Earnings reports. Apple had a net margin of 20.87% and a return on equity of 35.40%.

Just how big is too big for smartphones? During the same period in the previous year, the firm earned $1.42 earnings per share. Equities analysts expect that Apple Inc. will post $9.00 EPS for the current year.

TRADEMARK VIOLATION NOTICE: "Apple Inc. (AAPL)" was first published by Markets Daily and is the property of of Markets Daily. According to several reports and rumours - and now hands-on videos - the new iPhone 8 will be radically different to the iPhone 7. This buyback authorization permits the iPhone maker to buy up to 6.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 14th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.60%. Apple's dividend payout ratio is 28.64%. Insiders sold 299,911 shares of company stock valued at $46,557,634 over the last ninety days. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The stock was sold at an average price of $158.13, for a total transaction of $5,000,861.25. Following the completion of the sale, the senior vice president now directly owns 112,430 shares of the company's stock, valued at $17,778,555.90. This button can be hide or user can even change the place of the button as he wants. Veritable L.P. now owns 275,890 shares of the iPhone maker's stock worth $39,734,000 after buying an additional 11,698 shares during the last quarter.

Hedge funds have recently modified their holdings of the company.

In the past, Apple has consistently raised prices of its iPhone every year and people have lapped them without any major complaints. FNY Managed Accounts LLC raised its stake in Apple by 852.4% in the second quarter.

"Eventually that was too much for Apple to ignore and they brought emoji to the rest of the world in a later release of iOS". Hefty Wealth Partners boosted its stake in Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker's stock valued at $115,000 after buying an additional 174 shares during the period. Blue Sky Asset Management LLC purchased a new stake in Apple during the second quarter worth approximately $108,000.