News stories about Apple (NASDAQ:AAPL) have trended somewhat negative recently, according to InfoTrie. The research firm scores the sentiment of media coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Apple earned a news sentiment score of -1.00 on their scale. InfoTrie also gave media headlines about the iPhone maker an news buzz score of 3 out of 10, meaning that recent media coverage is unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Apple’s ranking:
Several research firms have commented on AAPL. Canaccord Genuity lowered their price objective on shares of Apple from $245.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, June 4th. Wedbush restated an “in-line” rating on shares of Apple in a report on Friday. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $230.00 price target on shares of Apple in a research note on Monday, April 29th. New Street Research downgraded shares of Apple from a “neutral” rating to a “sell” rating and set a $170.00 price target on the stock. in a research note on Friday, April 12th. Finally, Citigroup reaffirmed a “buy” rating and issued a $220.00 price target (up previously from $170.00) on shares of Apple in a research note on Thursday, March 21st. Three equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $207.57.
NASDAQ AAPL traded down $1.41 on Friday, hitting $192.74. 18,718,041 shares of the company’s stock traded hands, compared to its average volume of 27,098,214. The company has a current ratio of 1.32, a quick ratio of 1.26 and a debt-to-equity ratio of 0.85. Apple has a 1-year low of $142.00 and a 1-year high of $233.47. The stock has a market cap of $886.81 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 1.63 and a beta of 1.20.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, April 30th. The iPhone maker reported $2.46 EPS for the quarter, beating the consensus estimate of $2.37 by $0.09. The business had revenue of $58.02 billion during the quarter, compared to analysts’ expectations of $57.40 billion. Apple had a net margin of 22.12% and a return on equity of 51.29%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.73 EPS. Analysts forecast that Apple will post 11.48 EPS for the current year.
Apple declared that its board has authorized a stock repurchase plan on Tuesday, April 30th that permits the company to buyback $75.00 billion in shares. This buyback authorization permits the iPhone maker to repurchase up to 7.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
In other news, Director Arthur D. Levinson sold 35,000 shares of Apple stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $210.86, for a total transaction of $7,380,100.00. Following the completion of the transaction, the director now directly owns 1,168,283 shares of the company’s stock, valued at approximately $246,344,153.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Luca Maestri sold 51,138 shares of Apple stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $196.61, for a total transaction of $10,054,242.18. Following the transaction, the insider now directly owns 27,448 shares of the company’s stock, valued at $5,396,551.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 142,549 shares of company stock valued at $29,300,960. Insiders own 0.05% of the company’s stock.
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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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