Apple Inc (NASDAQ:AAPL)’s traded shares stood at 6.06 million during the latest session, with the company’s beta value hitting 1.24. At the last check today, the stock’s price was $229.95, to imply a decrease of -0.35% or -$0.81 in intraday trading. The AAPL share’s 52-week high remains $237.49, putting it -3.28% down since that peak but still an impressive 28.65% since price per share fell to its 52-week low of $164.07. The company has a valuation of $3496.18B, with an average of 40.52 million shares in intraday trading volume over the past 10 days and average of 51.01 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Apple Inc (AAPL), translating to a mean rating of 1.90. Of 38 analyst(s) looking at the stock, 2 analyst(s) give AAPL a Sell rating. 1 of those analysts rate the stock as Overweight while 8 advise Hold as 27 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.55.
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Apple Inc (NASDAQ:AAPL) trade information
After registering a -0.35% downside in the latest session, Apple Inc (AAPL) has traded red over the past five days. The 5-day price performance for the stock is -0.95%, and 1.58% over 30 days. With these gigs, the year-to-date price performance is 19.44%. Short interest in Apple Inc (NASDAQ:AAPL) saw shorts transact 141.74 million shares and set a 2.32 days time to cover.
The extremes give us $140 and $643 for target low and target high price respectively. As such, AAPL has been trading -179.63% off suggested target high and 39.12% from its likely low.
Apple Inc (AAPL) estimates and forecasts
Looking at statistics comparing Apple Inc share performance against respective industry, we note that the company has underperformed competitors. Apple Inc (AAPL) shares are 35.35% up over the last 6 months, with its year-to-date growth rate lower than industry average at 8.48% against 11.00%. Revenue is forecast to grow 14.00% this quarter before jumping 9.20% for the next one. The rating firms project that company’s revenue will grow 9.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 26 analysts is 94.42B. Meanwhile, for the current quarter, a total of 22 analyst(s) estimate revenue growth to 127.73B.Earnings reports from the last fiscal year show that sales brought in 83.6B and 111.69B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 12.90% before jumping 14.40% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 15.55% for the past 5-year period. While 2024 is set for a 9.38% return in earnings, projections for the next 5 years are at 9.54% annually.
AAPL Dividends
Apple Inc has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Apple Inc has a forward dividend ratio of 0.98, with the share yield ticking at 0.43% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.64%.
Apple Inc (NASDAQ:AAPL)’s Major holders
Apple Inc insiders hold 2.70% of total outstanding shares, with institutional holders owning 60.94% of the shares at 62.63% float percentage. In total, 60.94% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 1.32 billion shares (or 8.6004% of shares), all amounting to roughly $279.07 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 1.05 billion shares, or about 6.817% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $221.2 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Apple Inc (AAPL) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 460.21 shares. This is just over 3.03% of the total shares, with a market valuation of $105.77 billion. Data from the same date shows that the other fund manager holds a little less at 369.95, or 2.43% of the shares, all valued at about 85.03 billion.
