Published: Sat, February 17, 2018
Economy | By

Apple (AAPL) Upgraded to Strong-Buy by Vetr

Apple (AAPL) Upgraded to Strong-Buy by Vetr

Apple is now considering an increase to the proportion of LCD iPhone models by reducing production of the OLED screen models scheduled for release this year, reads the report. Apple has a dividend payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Especially if Apple unleashes "price points and features that catalyze fence sitting iPhone customers onto their next smartphone" throughout the rest of the year, this bull believes solid drivers still lie ahead for the empire.

Apple (NASDAQ:AAPL) opened at $172.99 on Tuesday. About 51.15 million shares traded or 52.16% up from the average. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $884,380.00, a PE ratio of 17.03, a P/E/G ratio of 1.26 and a beta of 1.33. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 16, 2017 and is uptrending. The iPhone maker reported $3.89 EPS for the quarter, beating the consensus estimate of $3.82 by $0.07. Apple had a net margin of 21.13% and a return on equity of 37.37%. The business had revenue of $88.29 billion during the quarter, compared to analysts' expectations of $87.62 billion. The company's revenue was up 12.7% compared to the same quarter last year. research analysts forecast that Apple will post 11.46 earnings per share for the current year. The insider Riccio Daniel J. sold 15,641 shares worth $2.73 million. The stock was sold at an average price of $171.60, for a total value of $11,215,947.60. Following the sale, the insider now directly owns 17,341 shares of the company's stock, valued at approximately $2,942,594.29. Lombard Odier Asset Management Usa Corp sold 525,816 shares as the company's stock declined 23.17% while stock markets rallied. It is positive, as 52 investors sold AAPL shares while 1034 reduced holdings. BlackRock Inc. increased its stake in Apple by 1.0% in the 4th quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker's stock worth $18,750,246,000 after purchasing an additional 834,854 shares during the last quarter.

Burt Wealth Advisors, which manages about $522.81 million and $152.73M US Long portfolio, upped its stake in Vanguard Index Fds (VTI) by 2,822 shares to 2,885 shares, valued at $374,000 in 2017Q3, according to the filing. The institutional investor held 497,055 shares of the consumer durables company at the end of 2017Q3, valued at $32.83M, up from 486,523 at the end of the previous reported quarter. Maxim Group maintained Apple Inc. Legal & General Group Plc now owns 26,393,202 shares of the iPhone maker's stock worth $4,067,559,000 after purchasing an additional 287,027 shares during the period. HERMANCE FRANK S sold $10.01 million worth of stock or 150,840 shares.

(NASDAQ:AAPL). Reik & Ltd Limited Liability Company, New York-based fund reported 4,771 shares. UBS Group reiterated a "buy" rating and issued a $180.00 price target on shares of Apple in a research note on Monday, October 23rd. Finally, Bank of America downgraded Apple from a "buy" rating to a "neutral" rating and increased their target price for the company from $180.00 to $220.00 in a research note on Wednesday, January 17th. William Blair restated an "outperform" rating on shares of Apple in a research report on Friday, February 2nd. Sterne Agee CRT maintained it with "Buy" rating and $12 target in Friday, October 2 report. SunTrust maintained the stock with "Buy" rating in Tuesday, January 2 report. They set a "buy" rating and a $193.00 price objective for the company.

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