Barclays PLC Raises Apple Inc. (AAPL) Price Target to $146.00

Here is everything we know about the Apple iPhone 8's design

Here is everything we know about the Apple iPhone 8's design

According to a report by Forbes, the iPhone 8 design has been finalised, and mockups it's created imagine an evolution of the outgoing iPhone 7.

A number of institutional investors have recently added to or reduced their stakes in the company. Twelve analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. Stellar Capital Management LLC acquired a new stake in Apple during the fourth quarter worth approximately $587,000. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Apple by 21.6% in the second quarter. Bancorpsouth Inc. now owns 51,595 shares of the iPhone maker's stock worth $7,430,000 after buying an additional 1,184 shares during the period. Fox Run Management L.L.C. acquired a new position in Apple during the first quarter valued at about $201,000. FNY Managed Accounts LLC increased its stake in Apple by 852.4% in the second quarter. Apple plans to release it in December, so getting a look at the software four months early is definitely a big deal.

Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, August 1st. Company insiders own 0.08% of the company's stock. The company has a market capitalization of $813.42 billion, a price-to-earnings ratio of 17.88 and a beta of 1.31. Tai is an executive at Foxconn, the parent company of Sharp, and also the people that make the iPhone - so it's very likely he's privy to some serious insider knowledge. Stock investors purchased 139,415 put options on the stock. The firm currently has an "equal weight" rating on the iPhone maker's stock. And making this even more important. last week, KGI Securities Apple analyst Ming-Chi Kuo said that only 2 million to 4 million units of the iPhone 8 will be available at launch. The company had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. During the same period in the previous year, the business posted $1.42 earnings per share. The company's revenue was up 7.2% on a year-over-year basis. On average, equities analysts forecast that Apple Inc. will post $9.02 earnings per share for the current fiscal year.

Apple announced that its Board of Directors has initiated a stock buyback program on Tuesday, May 2nd that authorizes the company to buyback $50.00 billion in shares.

This way, it will be easier to handle one- handed and it will also be more comfortable to carry around. This represents a $2.52 annualized dividend and a dividend yield of 1.62%.

The MacRumors iPhone 8 is silver and features a glass back - which would match up with the possibility of wireless charging functionality. Apple's dividend payout ratio is 28.64%.

TRADEMARK VIOLATION WARNING: This piece was reported by Stock Observer and is the property of of Stock Observer. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.thestockobserver.com/2017/08/13/apple-inc-aapl-stock-rating-reaffirmed-by-royal-bank-of-canada-updated.html. Argus restated an "outperform" rating and set a $160.00 price target on shares of Apple in a research note on Monday, May 15th. Morgan Stanley reissued an "overweight" rating and issued a $177.00 price objective (up from $161.00) on shares of Apple in a research report on Wednesday, May 17th. Needham & Company LLC restated a "buy" rating and issued a $175.00 price objective (up previously from $165.00) on shares of Apple in a research note on Wednesday, August 2nd. Finally, Maxim Group increased their price objective on shares of Apple from $171.00 to $180.00 and gave the company a "buy" rating in a research report on Monday, June 19th. Apple presently has an average rating of "Buy" and an average price target of $167.35. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued. The shares were sold at an average price of $154.70, for a total transaction of $735,907.90. Following the completion of the sale, the insider now owns 3,414 shares of the company's stock, valued at $528,145.80. The glass back, which will also be present in this year's model is already quite fragile.

In other news, SVP D Bruce Sewell sold 31,625 shares of Apple stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $155.27, for a total transaction of $1,855,321.23. Following the transaction, the senior vice president now directly owns 96,738 shares of the company's stock, valued at $14,820,261.60.

For those who obsess about the iPhone, it was the mother lode. Insiders have sold 299,911 shares of company stock valued at $46,557,634 in the last three months.

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.

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