News coverage about Apple (NASDAQ:AAPL) has trended somewhat positive on Saturday, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Apple earned a news impact score of 0.61 on their scale. InfoTrie also gave news articles about the iPhone maker an news buzz score of 0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stockâ€™s share price in the immediate future.
Here are some of the news stories that may have effected Appleâ€™s score:
Shares of AAPL traded down $3.07 during mid-day trading on Friday, hitting $202.59. 20,896,804 shares of the stock were exchanged, compared to its average volume of 20,307,304. The stock has a market cap of $946.26 billion, a P/E ratio of 17.01, a PEG ratio of 1.74 and a beta of 1.23. The company has a current ratio of 1.32, a quick ratio of 1.26 and a debt-to-equity ratio of 0.85. The stock has a 50-day simple moving average of $196.31. Apple has a 52-week low of $142.00 and a 52-week high of $233.47.
Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, April 30th. The iPhone maker reported $2.46 earnings per share for the quarter, beating the Thomson Reutersâ€™ consensus estimate of $2.37 by $0.09. The firm had revenue of $58.02 billion for the quarter, compared to the consensus estimate of $57.40 billion. Apple had a return on equity of 51.29% and a net margin of 22.12%. The companyâ€™s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.73 EPS. On average, analysts predict that Apple will post 11.47 EPS for the current fiscal year.
Apple declared that its Board of Directors has approved a stock buyback plan on Tuesday, April 30th that allows the company to repurchase $75.00 billion in outstanding shares. This repurchase authorization allows the iPhone maker to buy up to 7.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the companyâ€™s leadership believes its stock is undervalued.
Several equities research analysts recently commented on AAPL shares. UBS Group downgraded to a â€œsellâ€ rating and lifted their price objective for the stock from GBX 530 ($6.93) to GBX 540 ($7.06) in a report on Wednesday, June 12th. Credit Suisse Group set a $5.00 price target on Maxar Technologies and gave the company a â€œsellâ€ rating in a research note on Monday, July 15th. Piper Jaffray Companies boosted their price target on DexCom to $173.00 and gave the company an â€œoverweightâ€ rating in a research note on Wednesday, May 1st. Loop Capital boosted their price target on Apple to $190.00 and gave the company a â€œholdâ€ rating in a research note on Wednesday, May 1st. Finally, Cowen set a $63.00 price target on TJX Companies and gave the company a â€œbuyâ€ rating in a research note on Tuesday, June 4th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of â€œHoldâ€ and an average price target of $210.82.
In other Apple news, COO Jeffrey E. Williams sold 56,411 shares of the companyâ€™s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $210.36, for a total value of $11,866,617.96. Following the transaction, the chief operating officer now owns 151,187 shares of the companyâ€™s stock, valued at approximately $31,803,697.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arthur D. Levinson sold 35,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $210.86, for a total value of $7,380,100.00. Following the transaction, the director now directly owns 1,168,283 shares in the company, valued at approximately $246,344,153.38. The disclosure for this sale can be found here. Corporate insiders own 0.05% of the companyâ€™s stock.
Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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