Stock On Watch: Q2 2016 Sentiment Apple Inc (NASDAQ:AAPL)

November 24, 2016 - By Clifton Ray   ·   0 Comments

Stock On Watch:  Q2 2016 Sentiment Apple Inc (NASDAQ:AAPL)

Sentiment for Apple Inc (NASDAQ:AAPL)

Apple Inc (NASDAQ:AAPL) institutional sentiment decreased to 0.82 in Q2 2016. Its down -0.07, from 0.89 in 2016Q1. The ratio is negative, as 901 active investment managers increased or started new holdings, while 1016 trimmed and sold holdings in Apple Inc. The active investment managers in our partner’s database reported: 2.95 billion shares, down from 3.23 billion shares in 2016Q1. Also, the number of active investment managers holding Apple Inc in their top 10 holdings decreased from 990 to 815 for a decrease of 175. Sold All: 116 Reduced: 900 Increased: 835 New Position: 66.

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 a market cap of $593.46 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 13.44 P/E ratio. The Firm also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store.

The stock decreased 0.51% or $0.58 on November 23, hitting $111.22. About 27.43 million shares traded hands. Apple Inc. (NASDAQ:AAPL) has risen 5.25% since April 22, 2016 and is uptrending. It has underperformed by 0.16% the S&P500.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 24. They expect $3.23 earnings per share, down 1.52% or $0.05 from last year’s $3.28 per share. AAPL’s profit will be $17.23B for 8.61 P/E if the $3.23 EPS becomes a reality. After $1.67 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts 93.41% EPS growth.

According to Zacks Investment Research, “Apple Inc. is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings. It sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers. Apple Inc. is headquartered in Cupertino, California.”

Diker Management Llc holds 23.72% of its portfolio in Apple Inc. for 637,273 shares. Independent Investors Inc owns 423,489 shares or 19.61% of their US portfolio. Moreover, Dock Street Asset Management Inc has 17.28% invested in the company for 204,441 shares. The Florida-based Lyons Wealth Management Llc. has invested 16.27% in the stock. Baker Boyer National Bank, a Washington-based fund reported 35,507 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 20 sales for $162.02 million net activity.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Ratings analysis reveals 88% of Apple Inc.’s analysts are positive. Out of 41 Wall Street analysts rating Apple Inc., 36 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $13 while the high is $200. The stock’s average target of $131.03 is 17.81% above today’s ($111.22) share price. AAPL was included in 188 notes of analysts from July 21, 2015. As per Thursday, September 22, the company rating was maintained by RBC Capital Markets. As per Tuesday, August 25, the company rating was upgraded by Wells Fargo. BTIG Research maintained the shares of AAPL in a report on Wednesday, July 27 with “Buy” rating. S&P Research maintained the shares of AAPL in a report on Tuesday, July 21 with “Hold” rating. Bank of America downgraded the stock to “Neutral” rating in Wednesday, August 5 report. The firm has “Buy” rating by Nomura given on Friday, September 11. Rosenblatt downgraded the stock to “Neutral” rating in Wednesday, January 6 report. Wells Fargo maintained the shares of AAPL in a report on Friday, September 11 with “Outperform” rating. The firm has “Buy” rating given on Friday, September 11 by Morgan Stanley. The company was maintained on Friday, August 7 by Robert W. Baird.

AAPL Company Profile

Apple Inc., incorporated on January 3, 1977, designs, makes and markets mobile communication and media devices, personal computers and portable digital music players. The Firm sells a range of related software, services, accessories, networking solutions and third-party digital content and applications. The Company’s divisions include the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment includes European countries, India, the Middle East and Africa. The Greater China segment includes China, Hong Kong and Taiwan. The Rest of Asia Pacific segment includes Australia and the Asian countries not included in the Company’s other operating divisions. The Company’s services and products include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Fool.com which released: “Apple Inc.’s Mysterious OLED iPhone Revealed” on November 23, 2016, also Fool.com with their article: “Apple Inc.’s MacBook Pro Might Not Get a 32GB of RAM Option Until 2019” published on November 23, 2016, Foxbusiness.com published: “Apple, Inc. Underestimated the Toaster-Refrigerator Market” on November 22, 2016. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Foxbusiness.com and their article: “1 More Way Apple Inc. Should Differentiate the OLED iPhone in 2018” published on November 23, 2016 as well as Nasdaq.com‘s news article titled: “Does Apple, Inc. Care About Other Products Anymore?” with publication date: November 23, 2016.

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By Clifton Ray

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