Apple Inc. (AAPL) Receives “Outperform” Rating from Robert W. Baird

2017-02-01 16:03:58 by T4N
Business Finance The Fosters 

Tweet Apple Inc. (NASDAQ:AAPL) ‘s stock had its “outperform” rating reiterated by equities researchers at Robert W. Baird in a report issued on Tuesday. They currently have a $133.00 target price on the iPhone maker’s stock. Robert W. Baird’s target price would suggest a potential upside of 9.06% from the stock’s previous close. A number of other equities research analysts have also recently issued reports on the company. Needham & Company LLC restated a “top pick” rating and issued a $150.00 price objective on shares of Apple in a research note on Tuesday, January 24th. Credit Suisse Group restated an “outperform” rating and issued a $150.00 price objective on shares of Apple in a research note on Wednesday, December 7th. Stifel Nicolaus restated a “reduce” rating and issued a $115.00 price objective on shares of Apple in a research note on Monday, January 23rd. Rosenblatt Securities restated a “neutral” rating and issued a $102.00 price objective on shares of Apple in a research note on Friday, December 16th. Finally, Brean Capital restated an “in-line” rating and issued a $135.00 price objective on shares of Apple in a research note on Thursday, December 22nd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $130.09. Shares of Apple ( NASDAQ:AAPL ) traded up 0.01% during midday trading on Tuesday, reaching $121.95. 20,562,944 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $117.81 and a 200 day moving average price of $111.45. The company has a market cap of $650.28 billion, a P/E ratio of 14.68 and a beta of 1.30. Apple has a 12 month low of $89.47 and a 12 month high of $122.44. ILLEGAL ACTIVITY WARNING: This news story was originally published by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/01/29/apple-inc-aapl-receives-outperform-rating-from-robert-w-baird.html. //www.americanbankingnews.com/2017/01/29/apple-inc-aapl-receives-outperform-rating-from-robert-w-baird.html In other news, CEO Timothy D. Cook sold 30,000 shares of the company’s stock in a transaction on Thursday, January 19th. The stock was sold at an average price of $120.00, for a total transaction of $3,600,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, insider Daniel J. Riccio sold 33,323 shares of the company’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $110.35, for a total value of $3,677,193.05. Following the sale, the insider now owns 32,484 shares of the company’s stock, valued at $3,584,609.40. The disclosure for this sale can be found here . Insiders sold a total of 173,790 shares of company stock valued at $20,320,525 over the last quarter. 0.08% of the stock is currently owned by insiders. Institutional investors have recently modified their holdings of the company. Cohen & Steers Inc. raised its stake in Apple by 6,771.0% in the second quarter. Cohen & Steers Inc. now owns 22,633,195 shares of the iPhone maker’s stock valued at $999,482,000 after buying an additional 22,303,795 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Apple during the third quarter valued at $1,871,586,000. Capital World Investors raised its stake in Apple by 29.5% in the third quarter. Capital World Investors now owns 38,337,447 shares of the iPhone maker’s stock valued at $4,334,048,000 after buying an additional 8,740,447 shares during the period. SG Americas Securities LLC raised its stake in Apple by 103.4% in the third quarter. SG Americas Securities LLC now owns 184,093 shares of the iPhone maker’s stock valued at $20,812,000 after buying an additional 5,595,092 shares during the period. Finally, Magellan Asset Management Ltd raised its stake in Apple by 56.9% in the second quarter. Magellan Asset Management Ltd now owns 15,294,140 shares of the iPhone maker’s stock valued at $1,462,120,000 after buying an additional 5,543,465 shares during the period. 58.95% of the stock is currently owned by institutional investors and hedge funds. Apple Company Profile Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services 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. Apple Inc. Apple Inc.

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