The consensus among analysts is that Apple Inc. (AAPL) is an Overweight stock at the moment, with a recommendation rating of 2. 1 analysts rate the stock as a Sell, while 4 rate it as Overweight. 10 out of 42 have rated it as a Hold, with 26 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.99.
Apple Inc. (NASDAQ:AAPL) trade information
Despite being -4.12% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the AAPL stock price touched $137.07 or saw a rise of 7.22%. Year-to-date, Apple Inc. shares have moved -4.16%, while the 5-day performance has seen it change -5.37%. Over the past 30 days, the shares of Apple Inc. (NASDAQ:AAPL) have changed 3.39%. Short interest in the company has seen 127.94 Million shares shorted with days to cover at 1.17.
Wall Street analysts have a consensus price target for the stock at $158.59, which means that the shares’ value could jump 24.81% from the levels at last check today. The projected low price target is $125 while the price target rests at a high of $185. In that case, then, we find that the latest price level in today’s session is +45.59% off the targeted high while a plunge would see the stock lose -1.63% from the levels at last check today.
Apple Inc. (AAPL) estimates and forecasts
Figures show that Apple Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +14.93% over the past 6 months, with this year growth rate of 54.27%, compared to 50.3% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 54.7% and 52.1% for the next quarter. Revenue growth from the last financial year stood is estimated to be +29.1%.
25 analysts offering their estimates for the company have set an average revenue estimate of $72.9 Billion for the current quarter. 25 have an estimated revenue figure of $81.34 Billion for the next quarter concluding in September 01, 2021. Year-ago sales stood $59.69 Billion and $64.7 Billion respectively for this quarter and the next, and analysts expect sales will grow by 22.1% for the current quarter and 25.7% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +7.3% over the past 5 years. Earnings growth for 2021 is a modest +10.2% while over the next 5 years, the company’s earnings are expected to increase by 16.95%.
Apple Inc. is expected to release its next earnings report between July 28 and August 02 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.88 at a share yield of 0.66%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.37%.
Apple Inc. (NASDAQ:AAPL)’s Major holders
Insiders own 0.08% of the company shares, while shares held by institutions stand at 60.1% with a share float percentage of 60.15%. Investors are also buoyed by the number of investors in a company, with Apple Inc. having a total of 4897 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 1.26 Billion shares worth more than $166.55 Billion. As of December 30, 2020, Vanguard Group, Inc. (The) held 7.52% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 1.06 Billion shares as of December 30, 2020. The firm’s total holdings are worth over $140.18 Billion and represent 6.33% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of December 30, 2020, the former fund manager holds about 2.58% shares in the company for having 431000000 shares of worth $57.22 Billion while later fund manager owns 320.24 Million shares of worth $42.49 Billion as of December 30, 2020, which makes it owner of about 1.92% of company’s outstanding stock.