Apple’s (AAPL) “Neutral” Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group restated their neutral rating on shares of Apple (NASDAQ:AAPL) in a research note issued to investors on Tuesday morning, PriceTargets.com reports. The Goldman Sachs Group currently has a $130.00 target price on the iPhone maker’s stock.

AAPL has been the topic of several other research reports. UBS Group set a $155.00 price target on shares of Apple and gave the stock a buy rating in a research note on Thursday, May 20th. Wedbush raised their target price on shares of Apple from $175.00 to $185.00 and gave the company an outperform rating in a research report on Thursday, April 29th. Fundamental Research cut their target price on shares of Apple from $148.12 to $144.27 and set a buy rating on the stock in a research report on Wednesday, May 26th. Monness Crespi & Hardt raised their target price on shares of Apple from $170.00 to $180.00 and gave the company a buy rating in a research report on Thursday, April 29th. Finally, Barclays cut their target price on shares of Apple from $138.00 to $134.00 and set an equal weight rating on the stock in a research report on Wednesday, May 19th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-six have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $148.91.

AAPL stock opened at $126.11 on Tuesday. The stock has a market cap of $2.10 trillion, a P/E ratio of 28.31, a PEG ratio of 1.91 and a beta of 1.21. Apple has a 12 month low of $83.14 and a 12 month high of $145.09. The business has a 50-day moving average of $128.66. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 1.57.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, April 27th. The iPhone maker reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.41. The company had revenue of $89.58 billion for the quarter, compared to the consensus estimate of $76.84 billion. Apple had a net margin of 23.45% and a return on equity of 111.80%. The firm’s revenue was up 53.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS. As a group, analysts predict that Apple will post 5.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 13th. Shareholders of record on Monday, May 10th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.70%. This is a boost from Apple’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, May 7th. Apple’s payout ratio is presently 26.83%.

In other Apple news, COO Jeffrey E. Williams sold 133,867 shares of Apple stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $125.74, for a total transaction of $16,832,436.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Katherine L. Adams sold 17,000 shares of Apple stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $132.80, for a total transaction of $2,257,600.00. Following the sale, the senior vice president now owns 333,044 shares of the company’s stock, valued at $44,228,243.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 290,155 shares of company stock valued at $37,610,735. Company insiders own 0.06% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Clear Perspectives Financial Planning LLC acquired a new stake in Apple during the 4th quarter valued at approximately $27,000. Pinz Capital Management LP purchased a new position in shares of Apple during the 1st quarter valued at approximately $72,000. EMC Capital Management purchased a new position in shares of Apple during the 4th quarter valued at approximately $80,000. Geo Capital Gestora de Recursos Ltd increased its holdings in shares of Apple by 135.6% during the 1st quarter. Geo Capital Gestora de Recursos Ltd now owns 655 shares of the iPhone maker’s stock valued at $80,000 after purchasing an additional 377 shares in the last quarter. Finally, Lloyd Advisory Services LLC. increased its holdings in shares of Apple by 20.1% during the 4th quarter. Lloyd Advisory Services LLC. now owns 760 shares of the iPhone maker’s stock valued at $101,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 56.33% of the company’s stock.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories.

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