Apple (NASDAQ:AAPL) Stock Gets Price Target Reduction from TD Cowen

Apple (NASDAQ:AAPL) had its price target reduced by TD Cowen from $400.00 to $390.00 in a research note released on Tuesday morning,Benzinga reports. TD Cowen currently has a buy rating on the iPhone maker’s stock.

Several other brokerages also recently commented on AAPL. Argus boosted their target price on Apple from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday. Melius Research set a $370.00 target price on shares of Apple in a report on Tuesday. Morgan Stanley set a $350.00 price target on shares of Apple and gave the company an “overweight” rating in a research note on Tuesday. Maxim Group lifted their price target on shares of Apple from $350.00 to $380.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Apple in a report on Wednesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $343.74.

Apple Price Performance

Apple stock opened at $344.17 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.02. Apple has a 52 week low of $243.42 and a 52 week high of $355.38. The stock has a market capitalization of $5.00 trillion, a P/E ratio of 39.67, a price-to-earnings-growth ratio of 3.30 and a beta of 1.07. The stock has a fifty day moving average of $335.46 and a 200-day moving average of $298.03.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.11. The business had revenue of $114.48 billion during the quarter, compared to the consensus estimate of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. Apple’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.85 EPS. On average, sell-side analysts expect that Apple will post 9.64 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, November 12th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple’s dividend payout ratio (DPR) is 12.39%.

Insider Buying and Selling at Apple

In other Apple news, CEO John Ternus sold 25,412 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.94, for a total value of $8,460,671.28. Following the completion of the transaction, the chief executive officer directly owned 59,567 shares in the company, valued at approximately $19,832,236.98. This trade represents a 29.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Deirdre O’brien sold 46,389 shares of Apple stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the sale, the senior vice president directly owned 136,810 shares in the company, valued at $45,615,190.20. The trade was a 25.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 291,651 shares of company stock worth $97,082,537 over the last three months. 0.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AAPL. Berkshire Hathaway Inc bought a new position in Apple during the 2nd quarter worth approximately $65,950,297,000. Bank of America Corp DE bought a new stake in shares of Apple in the 2nd quarter valued at $36,986,090,000. Legal & General Group Plc bought a new stake in shares of Apple in the 2nd quarter valued at $30,443,242,000. Deutsche Bank AG bought a new stake in shares of Apple in the 2nd quarter valued at $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Apple during the second quarter worth $10,588,946,000. Institutional investors own 67.73% of the company’s stock.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple beat fiscal fourth-quarter earnings and revenue expectations, with revenue of $114.5 billion and solid iPhone and Mac demand. The results support the view that product demand remains healthy. Apple shares fell despite a double beat in Q4
• Positive Sentiment: Bernstein raised its price target to $380 and kept a Buy rating, citing potential upside from Apple’s business prospects. Bernstein rating and price target
• Neutral Sentiment: Apple is reportedly seeking up to $7 billion through a bond offering. The borrowing adds financing flexibility, but the reports did not specify how proceeds would be used. Apple seeks about $7 billion from bond sale
• Negative Sentiment: Management flagged memory-chip costs that could keep rising, along with supply constraints ahead of the December quarter. These pressures may weigh on margins even as demand remains strong. Supply constraints and rising memory costs
• Negative Sentiment: Investors are also scrutinizing earnings quality: tariff refunds boosted reported profit metrics, making the underlying results less straightforward to assess. Investors revisit Apple earnings quality
• Negative Sentiment: Analyst caution and valuation concerns add to the headwinds. DZ Bank cut Apple to Sell, while coverage also points to slower Services growth and a premium share valuation. DZ Bank downgrades Apple

About Apple

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.