Apple’s (NASDAQ:AAPL) Strong-Buy Rating Reiterated at Tigress Financial

Apple (NASDAQ:AAPL)‘s stock had its “strong-buy” rating restated by analysts at Tigress Financial in a research report issued to clients and investors on Wednesday, December 6th.

Other equities analysts have also issued reports about the company. Rosenblatt Securities reissued a “neutral” rating and set a $150.00 price objective (up from $120.00) on shares of Apple in a report on Tuesday, August 8th. UBS Group reissued a “buy” rating on shares of Apple in a report on Tuesday, August 8th. Royal Bank of Canada restated an “outperform” rating and set a $160.08 target price (down previously from $176.00) on shares of Apple in a research report on Wednesday, August 9th. Drexel Hamilton restated a “buy” rating and set a $208.00 target price on shares of Apple in a research report on Wednesday, August 9th. Finally, Oppenheimer restated a “” rating on shares of Apple in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $198.61.

Shares of Apple (AAPL) traded down $1.85 on Wednesday, reaching $169.23. The company’s stock had a trading volume of 25,934,136 shares, compared to its average volume of 25,258,938. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. The company has a market cap of $870,293.50, a price-to-earnings ratio of 18.39, a P/E/G ratio of 1.37 and a beta of 1.22. Apple has a 1 year low of $114.76 and a 1 year high of $177.20.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. Apple’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.50 earnings per share. analysts expect that Apple will post 11.18 earnings per share for the current year.

In other news, insider Philip W. Schiller sold 56,808 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total transaction of $8,788,197.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 232,967 shares of company stock worth $37,944,683. Corporate insiders own 0.08% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Stone House Investment Management LLC grew its stake in Apple by 0.4% in the 2nd quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after acquiring an additional 6 shares in the last quarter. Jackson Grant Investment Advisers Inc. grew its stake in Apple by 0.3% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after acquiring an additional 17 shares in the last quarter. Lenox Wealth Advisors Inc. grew its stake in Apple by 0.4% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock worth $716,000 after acquiring an additional 20 shares in the last quarter. Karp Capital Management Corp grew its stake in Apple by 1.6% in the 2nd quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock worth $206,000 after acquiring an additional 22 shares in the last quarter. Finally, Welch Investments LLC boosted its stake in shares of Apple by 1.5% during the second quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock valued at $231,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 59.61% of the company’s stock.

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Apple Company Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

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