Should You Invest In Apple Inc. (NASDAQ: AAPL) In 2021? – Marketing Sentinel
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Should You Invest In Apple Inc. (NASDAQ: AAPL) In 2021?

In the last trading session, 108.76 million Apple Inc. (NASDAQ:AAPL) shares changed hands as the company’s beta touched 1.21. With the company’s per share price at $148.12 changed hands at -$1.43 or -0.96% during last session, the market valuation stood at $2532.27B. AAPL’s last price was a discount, traded about -6.17% off its 52-week high of $157.26. The share price had its 52-week low at $103.10, which suggests the last value was 30.39% up since then. When we look at Apple Inc.’s average trading volume, we note the 10-day average is 91.41 million shares, with the 3-month average coming to 78.91 million.

Analysts gave the Apple Inc. (AAPL) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.90. If we narrow down to specifics, the data shows that 1 out of 44 analysts rate the stock as a Sell, with a further 5 assigning it an Overweight rating. Of the remaining, 10 recommended AAPL as a Hold, 27 felt it is a Buy and 1 rated the stock as Underweight. Apple Inc.’s EPS for the current quarter is expected to be $1.23.

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Apple Inc. (NASDAQ:AAPL) trade information

Instantly AAPL was in red as seen at the end of in last trading. With action -5.47%, the performance over the past five days has been red. The drop to weekly highs of 157.04 on Tuesday, 09/14/21 subtracted -0.96% to the stock’s daily price. The company’s shares are showing year-to-date upside of 11.63%, with the 5-day performance at -5.47% in the red. However, in the 30-day time frame, Apple Inc. (NASDAQ:AAPL) is -0.66% down. Looking at the short shares, we see there were 96.36 million shares sold at short interest cover period of 1.14 days.

The consensus price target for the stock as assigned by Wall Street analysts is $165.55, meaning bulls need an upside of 10.53% from its current market value. According to analyst projections, AAPL’s forecast low is $90.00 with $190.00 as the target high. To hit the forecast high, the stock’s price needs a -28.27% plunge from its current level, while the stock would need to tank 39.24% for it to hit the projected low.

Apple Inc. (AAPL) estimates and forecasts

Data shows that the Apple Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 17.96% over the past 6 months, a 70.43% in annual growth rate that is considerably higher than the industry average of 68.40%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Apple Inc. will rise 68.50%, while the growth in revenue is estimated to hit 11.30% for the next quarter. Year-over-year growth is forecast to reach 33.40% up from the last financial year.

Consensus estimates given by 26 financial analysts project the company’s revenue in the current quarter to hit an average of $84.9 billion. 19 analysts are of the opinion that Apple Inc.’s revenue for the quarter ending Dec 2021 will be $119.5 billion. The company’s revenue for the corresponding quarters a year ago was $64.7 billion. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 31.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 7.30%. The 2021 estimates are for Apple Inc. earnings to increase by 10.20%, but the outlook for the next 5-year period is at 19.61% per year.

AAPL Dividends

Apple Inc. is expected to release its next quarterly earnings report between October 27 and November 01. The 0.59% annual yield figure for the share gives it an annual dividend of 0.88. It is important to note, however, that the 0.59% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.29 per year.

Apple Inc. (NASDAQ:AAPL)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.07% of Apple Inc. shares while 59.05% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 59.10%. There are 59.05% institutions holding the Apple Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Mar 30, 2021, the company held 7.50% of the shares, roughly 1.24 billion AAPL shares worth $151.39 billion.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 6.38% or 1.06 billion shares worth $128.87 billion as of Mar 30, 2021.

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Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 425.94 million shares estimated at $52.03 billion under it, the former controlled 2.58% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 1.95% of the shares, roughly 323.16 million shares worth around $39.47 billion.

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