In yesterday’s Wall Street session, Apple Inc (NASDAQ:AAPL) shares traded at $186.28, up 1.76% from the previous session.
AAPL stock price is now 7.98% away from the 50-day moving average and 2.96% away from the 200-day moving average. The market capitalization of the company currently stands at $2856.44B.
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With the price target enhanced from $162 to $188, Itau BBA Upgraded its rating from Underperform to Market Perform for Apple Inc (NASDAQ: AAPL). On May 03, 2024, Monness Crespi & Hardt reiterated its ‘Buy’ rating on the stock by increasing its target price from $200 to quote $205, while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, WILLIAMS JEFFREY E, COO sold 59,162 shares of the company’s stock on Apr 11 ’24. The stock was sold for $10,188,880 at an average price of $172.22. Upon completion of the transaction, the COO now directly owns 489,944 shares in the company, valued at $91.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 11 ’24, Senior Vice President, CFO Maestri Luca sold 53,194 shares of the business’s stock. A total of $9,261,933 was realized by selling the stock at an average price of $174.12. This leaves the insider owning 107,788 shares of the company worth $20.08 million. A total of 0.09% of the company’s stock is owned by insiders.
During the past 12 months, Apple Inc has had a low of $164.07 and a high of $199.62. As of last week, the company has a debt-to-equity ratio of 1.41, a current ratio of 1.04, and a quick ratio of 0.99.
According to the Consumer Electronics Company, earnings per share came in at 1.26, beating analysts’ expectations of 1.19 by 0.07. This compares to $1.52 EPS in the same period last year. The net profit margin was 26.31% and return on equity was 147.25% for AAPL. The company reported revenue of $90.75 billion for the quarter, compared to $94.84 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.31 percent. For the current quarter, analysts expect AAPL to generate $83.78B in revenue.
