Apple Inc. (NASDAQ: AAPL) is 0.32% higher on its value in year-to-date trading and has touched a low of $66.36 and a high of $145.09 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AAPL stock was last observed hovering at around $134.84 in the last trading session, with the day’s loss setting it -1.73% off its average median price target of $155.00 for the next 12 months. It is also 23.94% off the consensus price target high of $175.00 offered by 42 analysts, but current levels are -60.37% lower than the price target low of $83.00 for the same period.
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Currently trading at $133.11, the stock is 4.86% and 5.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 94.34 million and changing -1.28% at the moment leaves the stock 10.98% off its SMA200. AAPL registered 92.27% gain for a year compared to 6-month gain of 11.84%. The firm has a 50-day simple moving average (SMA 50) of $124.79 and a 200-day simple moving average (SMA200) of $124.93.
The stock witnessed a 10.93% loss in the last 1 month and extending the period to 3 months gives it a 4.13%, and is -0.98% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.80% over the week and 1.93% over the month.
Apple Inc. (AAPL) has around 147000 employees, a market worth around $2240.33B and $294.13B in sales. Current P/E ratio is 35.99 and Fwd P/E is 28.35. Profit margin for the company is 21.70%. Distance from 52-week low is 100.60% and -8.26% from its 52-week high. The company has generated returns on investments over the last 12 months (31.70%).
Apple Inc. (AAPL) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Apple Inc. (AAPL) is a “Overweight”. 42 analysts offering their recommendations for the stock have an average rating of 2.00, where 9 rate it as a Hold and 5 think it is a “Overweight”. 25 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Apple Inc. is expected to release its quarterly report on 08/03/2021 and quarterly earnings per share for the current quarter are estimated at $0.98 with sales reaching $77.1B over the same period.The EPS is expected to grow by 10.20% this year, but quarterly earnings will post 21.70% year-over-year. Quarterly sales are estimated to grow 32.20% in year-over-year returns.
Apple Inc. (AAPL) Top Institutional Holders
4,863 institutions hold shares in Apple Inc. (AAPL), with 12.76M shares held by insiders accounting for 0.08% while institutional investors hold 59.85% of the company’s shares. The shares outstanding are 16.94B, and float is at 16.78B with Short Float at 0.60%. Institutions hold 59.80% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 1.26 billion shares valued at $166.55 billion. The investor’s holdings represent 7.48% of the AAPL Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 1.06 billion shares valued at $140.18 billion to account for 6.29% of the shares outstanding. The other top investors are Berkshire Hathaway, Inc which holds 887.14 million shares representing 5.28% and valued at over $117.71 billion, while State Street Corporation holds 3.80% of the shares totaling 638.17 million with a market value of $84.68 billion.
Apple Inc. (AAPL) Insider Activity
A total of 25 insider transactions have happened at Apple Inc. (AAPL) in the last six months, with sales accounting for 14 and purchases happening 11 times. The most recent transaction is an insider sale by O’BRIEN DEIRDRE, the company’s Senior Vice President. SEC filings show that O’BRIEN DEIRDRE sold 18,216 shares of the company’s common stock on Apr 16 at a price of $134.01 per share for a total of $2.44 million. Following the sale, the insider now owns 0.14 million shares.
Apple Inc. disclosed in a document filed with the SEC on Apr 05 that WILLIAMS JEFFREY E (COO) sold a total of 133,867 shares of the company’s common stock. The trade occurred on Apr 05 and was made at $125.74 per share for $16.83 million. Following the transaction, the insider now directly holds 0.49 million shares of the AAPL stock.
Still, SEC filings show that on Feb 02, LEVINSON ARTHUR D (Director) disposed off 3,416 shares at an average price of $135.60 for $0.46 million. The insider now directly holds 4,532,724 shares of Apple Inc. (AAPL).
Apple Inc. (AAPL): Who are the competitors?
The company’s main competitors (and peers) include Alphabet Inc. (GOOGL) that is trading 80.71% up over the past 12 months. HP Inc. (HPQ) is 117.25% up on the 1-year trading charts. Short interest in the company’s stock has fallen -0.67% from the last report on Mar 30, 2021 to stand at a total of 101.48 million short shares sold with a short interest ratio of 0.88.