Apple (NASDAQ:AAPL) Price Target Raised to $300.00

04 Apr 2025, 03:52 by Teresa Graham · The Cerbat Gem

Apple (NASDAQ:AAPL – Free Report) had its price target increased by Tigress Financial from $295.00 to $300.00 in a research report report published on Thursday,Benzinga reports. Tigress Financial currently has a strong-buy rating on the iPhone maker’s stock.

AAPL has been the topic of a number of other research reports. Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Maxim Group upped their price objective on shares of Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Citigroup raised their target price on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and issued a $325.00 price target on shares of Apple in a report on Friday, March 14th. Finally, JPMorgan Chase & Co. raised their price objective on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $245.26.

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Apple Trading Down 9.2 %

Apple stock opened at $203.19 on Thursday. The stock has a 50-day moving average price of $230.14 and a 200 day moving average price of $233.15. The company has a market capitalization of $3.05 trillion, a price-to-earnings ratio of 32.25, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. Apple has a 52 week low of $164.08 and a 52 week high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Sell-side analysts anticipate that Apple will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.49%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is currently 15.87%.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the sale, the senior vice president now owns 179,158 shares of the company’s stock, valued at $40,072,269.86. This trade represents a 17.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy D. Cook sold 108,136 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the sale, the chief executive officer now owns 3,280,295 shares in the company, valued at $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 182,451 shares of company stock valued at $40,818,720 in the last 90 days. Company insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AAPL. Central Pacific Bank Trust Division raised its stake in Apple by 1.8% in the first quarter. Central Pacific Bank Trust Division now owns 91,378 shares of the iPhone maker’s stock valued at $20,298,000 after buying an additional 1,653 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Apple by 64.8% in the 1st quarter. Versant Capital Management Inc now owns 48,710 shares of the iPhone maker’s stock valued at $10,820,000 after acquiring an additional 19,147 shares during the last quarter. Boston Common Asset Management LLC raised its position in shares of Apple by 2.5% during the 1st quarter. Boston Common Asset Management LLC now owns 254,836 shares of the iPhone maker’s stock worth $56,607,000 after acquiring an additional 6,130 shares in the last quarter. First Citizens Financial Corp lifted its stake in Apple by 1.1% during the first quarter. First Citizens Financial Corp now owns 23,982 shares of the iPhone maker’s stock worth $5,327,000 after purchasing an additional 257 shares during the last quarter. Finally, Legacy Wealth Management LLC MS boosted its holdings in Apple by 247.3% in the first quarter. Legacy Wealth Management LLC MS now owns 240,181 shares of the iPhone maker’s stock valued at $53,351,000 after purchasing an additional 171,015 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

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