Vetr downgraded shares of Apple Inc. (NASDAQ:AAPL) from a buy rating to a hold rating in a research note published on Monday. The brokerage currently has $171.48 target price on the iPhone maker’s stock.

Other equities analysts also recently issued reports about the company. BMO Capital Markets restated an outperform rating and issued a $170.00 target price on shares of Apple in a research note on Tuesday, July 25th. Zacks Investment Research downgraded Apple from a buy rating to a hold rating in a research note on Monday. Drexel Hamilton reaffirmed a buy rating and set a $208.00 price target on shares of Apple in a report on Monday. Nomura reaffirmed a buy rating and set a $165.00 price target on shares of Apple in a report on Wednesday, July 5th. Finally, Barclays PLC reaffirmed a hold rating and set a $146.00 price target on shares of Apple in a report on Tuesday, August 15th. Eight analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $193.36.

Apple (NASDAQ:AAPL) traded up 1.26% during mid-day trading on Monday, reaching $168.82. The company’s stock had a trading volume of 21,164,597 shares. Apple has a 12 month low of $104.08 and a 12 month high of $169.20. The firm has a market capitalization of $871.99 billion, a PE ratio of 19.17 and a beta of 1.27. The stock’s 50-day moving average is $156.87 and its 200-day moving average is $152.95.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The company had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. During the same period in the previous year, the firm posted $1.42 earnings per share. Apple’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts anticipate that Apple will post $9.00 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Apple Inc. (AAPL) Downgraded by Vetr Inc. to “Hold”” was first published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://theolympiareport.com/2017/10/31/apple-inc-aapl-downgraded-by-vetr-inc-to-hold.html.

In other news, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total value of $9,775,063.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip W. Schiller sold 56,808 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total transaction of $8,788,197.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 541,177 shares of company stock valued at $85,864,804. Company insiders own 0.08% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AAPL. Blue Sky Asset Management LLC bought a new position in Apple during the second quarter valued at about $108,000. Hefty Wealth Partners grew its position in Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 174 shares during the period. FNY Managed Accounts LLC grew its position in Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 716 shares during the period. American Beacon Advisors Inc. bought a new position in Apple during the first quarter valued at about $117,000. Finally, Private Vista LLC bought a new position in Apple during the second quarter valued at about $122,000. Hedge funds and other institutional investors own 60.33% of the company’s stock.

About Apple

Apple Inc (Apple) 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’s products and services 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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.