Apple (NASDAQ:AAPL) Given New $300.00 Price Target at Tigress Financial

Apple (NASDAQ:AAPL) had its price objective lifted by Tigress Financial from $295.00 to $300.00 in a research note published on Thursday morning,Benzinga reports. Tigress Financial currently has a strong-buy rating on the iPhone maker’s stock.

Other equities analysts have also issued reports about the stock. Citigroup boosted their price objective on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 31st. TD Cowen reaffirmed a “buy” rating on shares of Apple in a report on Tuesday, January 28th. KeyCorp reiterated an “underweight” rating and issued a $200.00 price objective on shares of Apple in a report on Friday, January 31st. Barclays upped their target price on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Finally, DA Davidson set a $290.00 price target on shares of Apple in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $245.26.

Apple Price Performance

Shares of NASDAQ AAPL opened at $203.19 on Thursday. The company has a 50 day simple moving average of $230.14 and a two-hundred day simple moving average of $233.15. Apple has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. The company has a market capitalization of $3.05 trillion, a price-to-earnings ratio of 32.25, a P/E/G ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Analysts expect that Apple will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.49%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Insider Activity at Apple

In related news, SVP Katherine L. Adams sold 38,822 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the sale, the senior vice president now owns 179,158 shares in the company, valued at approximately $40,072,269.86. The trade was a 17.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following the completion of the sale, the chief executive officer now owns 3,280,295 shares of the company’s stock, valued at $733,637,976.75. This represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 182,451 shares of company stock worth $40,818,720 in the last quarter. 0.06% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AAPL. Drystone LLC purchased a new stake in Apple during the fourth quarter valued at approximately $25,000. Bull Oak Capital LLC increased its position in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Conquis Financial LLC purchased a new stake in shares of Apple during the 4th quarter valued at $63,000. LSV Asset Management acquired a new stake in shares of Apple in the 4th quarter worth $65,000. Finally, SPX Gestao de Recursos Ltda purchased a new position in Apple during the 3rd quarter worth $71,000. 67.73% of the stock is owned by institutional investors.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. 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, and HomePod.