AAPL) Stock Rating Maintained at RBC Capital Markets; $180.00 Target Price Indicates 9.72 % Potential



September 2, 2017 – By Ellis Scott

Investors sentiment decreased to 0.79 in 2016 Q4. Its down 0.03, from 0.82 in 2016Q3. It dived, as 90 investors sold Apple Inc. shares while 975 reduced holdings. 123 funds opened positions while 723 raised stakes. 3.04 billion shares or 1.85% more from 2.98 billion shares in 2016Q3 were reported.

Hollencrest Lc, California-based fund reported 27,504 shares. S&Co accumulated 73,805 shares. Payden & Rygel holds 0.01% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 1,400 shares. Moreover, Fishman Jay A Limited Mi has 0.01% invested in Apple Inc. (NASDAQ:AAPL). First City Cap Mgmt reported 9,389 shares. Connors Investor Services invested in 158,880 shares or 3.14% of the stock. 21,070 are held by Kazazian Asset Mngmt Ltd Liability. Invsts Asset Of Georgia Inc Ga Adv accumulated 0.27% or 3,093 shares. Sumitomo Mitsui Trust Holdg reported 15.50 million shares. Chatham Cap Gru holds 1.26% in Apple Inc. (NASDAQ:AAPL) or 37,137 shares. Cranbrook Wealth Management Limited Liability Company has invested 0.02% in Apple Inc. (NASDAQ:AAPL). Moreover, Bancorporation Of Montreal Can has 1.09% invested in Apple Inc. (NASDAQ:AAPL). Edge Wealth Mngmt Ltd Liability Com has invested 4.92% in Apple Inc. (NASDAQ:AAPL). Steinberg Asset Mngmt holds 0.73% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 37,412 shares. Acadian Asset Mgmt Ltd Com has 1.38% invested in Apple Inc. (NASDAQ:AAPL).

Since March 15, 2017, it had 0 buys, and 15 sales for $68.81 million activity. Another trade for 47,796 shares valued at $6.85 million was made by SCHILLER PHILIP W on Saturday, April 1. SEWELL D BRUCE sold $10.04 million worth of Apple Inc. (NASDAQ:AAPL) on Friday, May 5. Shares for $1.86 million were sold by Riccio Daniel J. on Wednesday, June 7. AHRENDTS ANGELA J had sold 75,000 shares worth $11.10 million. On Monday, May 22 the insider Cue Eduardo H sold $6.92 million. Srouji Johny had sold 10,000 shares worth $1.53M.

Apple Inc (NDAQ:AAPL) Rating Reaffirmed

RBC Capital Markets now has a $180.00 TP on the $847.61B market cap company or 9.72 % upside potential. In a report made public on 1 September, Apple Inc (NDAQ:AAPL) shares have had their Outperform Rating reaffirmed by investment analysts at RBC Capital Markets.

Investors sentiment decreased to 0.79 in 2016 Q4. Its down 0.03, from 0.82 in 2016Q3. It dived, as 90 investors sold Apple Inc. shares while 975 reduced holdings. 123 funds opened positions while 723 raised stakes. 3.04 billion shares or 1.85% more from 2.98 billion shares in 2016Q3 were reported.

Hollencrest Lc, California-based fund reported 27,504 shares. S&Co accumulated 73,805 shares. Payden & Rygel holds 0.01% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 1,400 shares. Moreover, Fishman Jay A Limited Mi has 0.01% invested in Apple Inc. (NASDAQ:AAPL). First City Cap Mgmt reported 9,389 shares. Connors Investor Services invested in 158,880 shares or 3.14% of the stock. 21,070 are held by Kazazian Asset Mngmt Ltd Liability. Invsts Asset Of Georgia Inc Ga Adv accumulated 0.27% or 3,093 shares. Sumitomo Mitsui Trust Holdg reported 15.50 million shares. Chatham Cap Gru holds 1.26% in Apple Inc. (NASDAQ:AAPL) or 37,137 shares. Cranbrook Wealth Management Limited Liability Company has invested 0.02% in Apple Inc. (NASDAQ:AAPL). Moreover, Bancorporation Of Montreal Can has 1.09% invested in Apple Inc. (NASDAQ:AAPL). Edge Wealth Mngmt Ltd Liability Com has invested 4.92% in Apple Inc. (NASDAQ:AAPL). Steinberg Asset Mngmt holds 0.73% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 37,412 shares. Acadian Asset Mgmt Ltd Com has 1.38% invested in Apple Inc. (NASDAQ:AAPL).

Since March 15, 2017, it had 0 buys, and 15 sales for $68.81 million activity. Another trade for 47,796 shares valued at $6.85 million was made by SCHILLER PHILIP W on Saturday, April 1. SEWELL D BRUCE sold $10.04 million worth of Apple Inc. (NASDAQ:AAPL) on Friday, May 5. Shares for $1.86 million were sold by Riccio Daniel J. on Wednesday, June 7. AHRENDTS ANGELA J had sold 75,000 shares worth $11.10 million. On Monday, May 22 the insider Cue Eduardo H sold $6.92 million. Srouji Johny had sold 10,000 shares worth $1.53M.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Among 26 analysts covering Apple Inc. (NDAQ:AAPL), 19 have Buy rating, 0 Sell and 7 Hold. Therefore 73% are positive. Apple Inc. has $185 highest and $15 lowest target. $135.60’s average target is -17.34% below currents $164.05 stock price. Apple Inc. had 39 analyst reports since February 21, 2017 according to SRatingsIntel. The stock has “Outperform” rating by Oppenheimer on Friday, May 26. The stock has “Neutral” rating by Mizuho on Monday, June 12. As per Wednesday, April 19, the company rating was maintained by Goldman Sachs. As per Friday, May 26, the company rating was maintained by Wells Fargo. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Wednesday, June 7 by Argus Research. Morgan Stanley maintained Apple Inc. (NASDAQ:AAPL) rating on Friday, June 16. Morgan Stanley has “Overweight” rating and $177 target. The stock of Apple Inc. (NASDAQ:AAPL) earned “Overweight” rating by Piper Jaffray on Wednesday, April 12. Maxim Group maintained the shares of AAPL in report on Wednesday, May 3 with “Buy” rating. On Wednesday, April 26 the stock rating was maintained by Needham with “Buy”. Cowen & Co maintained the stock with “Outperform” rating in Wednesday, May 3 report.

The stock increased 0.03% or $0.05 on September 1, reaching $164.05. About 16.59 million shares traded. Apple Inc. (NDAQ:AAPL) has risen 62.48% since September 2, 2016 and is uptrending. It has outperformed by 45.78% the S&P500.

Apple Inc. designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The company has market cap of $847.61 billion. The Company’s services and products include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. It has a 18.66 P/E ratio. The Firm also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Seekingalpha.com which released: “Apple Continues To Outperform” on August 31, 2017, also Fool.com with their article: “1 Way Apple Inc.’s Old iPhone 7 Crushes the Samsung Galaxy Note8” published on August 29, 2017, Investorplace.com published: “Friday’s Vital Data: Apple Inc. (AAPL), Advanced Micro Devices, Inc. (AMD) and …” on September 01, 2017. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Fool.com and their article: “Apple, Inc.’s iPhone 8 Launch Event: What to Expect” published on August 29, 2017 as well as Fool.com‘s news article titled: “8 Reasons Apple, Inc.’s iPhone 8 Launch Is So Important” with publication date: August 31, 2017.

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