Barclays Reiterates “Underweight” Rating for Apple (NASDAQ:AAPL)

Apple (NASDAQ:AAPL)‘s stock had its “underweight” rating reissued by analysts at Barclays in a report released on Tuesday, Stock Target Advisor reports. They presently have a $158.00 price target on the iPhone maker’s stock. Barclays‘s price objective indicates a potential downside of 6.52% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Piper Sandler dropped their price objective on shares of Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Monness Crespi & Hardt increased their price objective on shares of Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Citigroup reissued a “buy” rating and set a $225.00 target price on shares of Apple in a research note on Friday, February 16th. Piper Sandler Companies cut shares of Apple to a “neutral” rating and lowered their target price for the company from $220.00 to $205.00 in a research note on Thursday, January 4th. Finally, UBS Group reissued a “hold” rating and set a $190.00 target price on shares of Apple in a research note on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $203.05.

Apple Stock Up 1.3 %

AAPL stock opened at $169.02 on Tuesday. The stock has a market capitalization of $2.61 trillion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 2.00 and a beta of 1.27. The company has a fifty day moving average of $173.58 and a 200-day moving average of $181.94. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. Apple has a one year low of $162.80 and a one year high of $199.62.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The company had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 earnings per share. As a group, analysts expect that Apple will post 6.54 EPS for the current year.

Insider Activity

In other news, COO Jeffrey E. Williams sold 59,162 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the transaction, the chief operating officer now directly owns 489,944 shares in the company, valued at approximately $84,378,155.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Apple news, COO Jeffrey E. Williams sold 59,162 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the completion of the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at approximately $84,378,155.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock worth $63,653,887 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Institutional Trading of Apple

Several large investors have recently added to or reduced their stakes in AAPL. Wyrmwood Management LLC lifted its holdings in Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after buying an additional 69 shares during the period. Christopher J. Hasenberg Inc acquired a new stake in Apple in the first quarter worth $35,000. Gilfoyle & Co LLC raised its holdings in Apple by 118.0% in the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after purchasing an additional 118 shares during the period. A.P. Gilfoyle & Co. L.P. acquired a new stake in Apple in the fourth quarter worth $39,000. Finally, University of Texas Texas AM Investment Managment Co. raised its holdings in Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after purchasing an additional 368 shares during the period. 60.41% of the stock is owned by institutional investors.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.