In the latest trading session, 11.53 million Apple Inc (NASDAQ:AAPL) shares changed hands as the company’s beta touched 1.17. With the company’s most recent per share price at $243.55 changed hands at -$3.49 or -1.41% at last look, the market valuation stands at $3658.63B. AAPL’s current price is a discount, trading about -6.8% off its 52-week high of $260.10. The share price had its 52-week low at $164.07, which suggests the last value was 32.63% up since then.
Analysts gave the Apple Inc (AAPL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.17. If we narrow down to specifics, the data shows that 2 out of 38 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 8 recommended AAPL as a Hold, 27 felt it is a Buy and 0 rated the stock as Underweight.
Apple Inc (NASDAQ:AAPL) trade information
Instantly AAPL was in red as seen in intraday trades today. With action -0.54%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -2.74%, with the 5-day performance at -0.54% in the red. However, in the 30-day time frame, Apple Inc (NASDAQ:AAPL) is 5.96% up.
The consensus price target for the stock as assigned by Wall Street analysts is 260, meaning bulls need an upside of 6.33% from its recent market value. According to analyst projections, AAPL’s forecast low is 105 with 300 as the target high. To hit the forecast high, the stock’s price needs a -23.18% plunge from its current level, while the stock would need to tank 56.89% for it to hit the projected low.
Apple Inc (AAPL) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 15.41%. The 2025 estimates are for Apple Inc earnings to increase by 20.42%, but the outlook for the next 5-year period is at 13.77% per year.
AAPL Dividends
Apple Inc is expected to release its next quarterly earnings report in March. The 0.41% annual yield figure for the share gives it an annual dividend of 1.00. It is important to note, however, that the 0.41% 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.
Apple Inc (NASDAQ:AAPL)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.817% or 1.05 billion shares worth $221.2 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 457.85 shares estimated at $111.11 billion under it, the former controlled 3.05% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.65% of the shares, roughly 398.08 shares worth around $96.61 billion.
