Apple Inc. (AAPL) Shares Have Inclined 10.45% Year To Date – Marketing Sentinel
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Apple Inc. (AAPL) Shares Have Inclined 10.45% Year To Date

Apple Inc. (NASDAQ:AAPL) has a beta value of 1.22 and has seen 36.77 million shares traded in the recent trading session. The company, currently valued at $2404.43B, closed the recent trade at $148.27 per share which meant it gained $1.72 on the day or 1.17% during that session. The AAPL stock price is -6.06% off its 52-week high price of $157.26 and 27.62% above the 52-week low of $107.32. If we look at the company’s 10-day average daily trading volume, we find that it stood at 73.22 million shares traded. The 3-month trading volume is 77.59 million shares.

The consensus among analysts is that Apple Inc. (AAPL) is an Overweight stock at the moment, with a recommendation rating of 1.90. 1 analysts rate the stock as a Sell, while 5 rate it as Overweight. 9 out of 43 have rated it as a Hold, with 27 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $1.23.

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Apple Inc. (NASDAQ:AAPL) trade information

Sporting 1.17% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, 10/18/21 when the AAPL stock price touched $148.27 or saw a rise of 0.52%. Year-to-date, Apple Inc. shares have moved 10.45%, while the 5-day performance has seen it change 2.62%. Over the past 30 days, the shares of Apple Inc. (NASDAQ:AAPL) have changed 0.34%. Short interest in the company has seen 96.36 million shares shorted with days to cover at 1.14.

Wall Street analysts have a consensus price target for the stock at $167.31, which means that the shares’ value could jump 11.38% from the levels at last check today. The projected low price target is $90.00 while the price target rests at a high of $198.00. In that case, then, we find that the latest price level in today’s session is -33.54% off the targeted high while a plunge would see the stock lose 39.3% 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 10.10% over the past 6 months, with this year growth rate of 70.43%, compared to 68.40% 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 68.50% and 11.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be 33.40%.

26 analysts offering their estimates for the company have set an average revenue estimate of $84.9 billion for the current quarter. 19 have an estimated revenue figure of $119.5 billion for the next quarter concluding in Dec 2021.

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 7.30% over the past 5 years. Earnings growth for 2021 is a modest 10.20% while over the next 5 years, the company’s earnings are expected to increase by 19.86%.

AAPL Dividends

Apple Inc. is expected to release its next earnings report between October 27 and November 01 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 0.60%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.29%.

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

Insiders own 0.07% of the company shares, while shares held by institutions stand at 59.05% with a share float percentage of 59.10%. Investors are also buoyed by the number of investors in a company, with Apple Inc. having a total of 4,942 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 1.24 billion shares worth more than $151.39 billion. As of Mar 30, 2021, Vanguard Group, Inc. (The) held 7.50% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 1.06 billion shares as of Mar 30, 2021. The firm’s total holdings are worth over $128.87 billion and represent 6.38% of shares outstanding.

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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 Mar 30, 2021, the former fund manager holds about 2.58% shares in the company for having 425.94 million shares of worth $52.03 billion while later fund manager owns 323.16 million shares of worth $39.47 billion as of Mar 30, 2021, which makes it owner of about 1.95% of company’s outstanding stock.

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