Apple Inc (NASDAQ:AAPL) 2019 Q2 Sentiment Report

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Sentiment for Apple Inc (NASDAQ:AAPL)

Apple Inc (NASDAQ:AAPL) institutional sentiment decreased to 0.72 in Q2 2019. Its down -0.24, from 0.96 in 2019Q1. The ratio dived, as 735 investment professionals started new or increased holdings, while 1014 sold and decreased their positions in Apple Inc. The investment professionals in our partner’s database now own: 2.54 billion shares, down from 2.60 billion shares in 2019Q1. Also, the number of investment professionals holding Apple Inc in their top 10 holdings decreased from 885 to 869 for a decrease of 16. Sold All: 60 Reduced: 954 Increased: 596 New Position: 139.

Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and mid-sized businesses, and education, enterprise, and government clients worldwide. The company has market cap of $990.06 billion. The firm also sells related software, services, accessories, networking solutions, and third-party digital content and applications. It has a 18.6 P/E ratio. It offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers.

The stock decreased 1.80% or $4.01 during the last trading session, reaching $219.08. About 33.93M shares traded or 30.64% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 12.18% since September 13, 2018 and is uptrending. It has outperformed by 12.18% the S&P500.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on November, 7. They expect $2.83 EPS, down 2.75 % or $0.08 from last year’s $2.91 per share. AAPL’s profit will be $12.79B for 19.35 P/E if the $2.83 EPS becomes a reality. After $2.18 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts 29.82 % EPS growth.

Independent Investors Inc holds 28.24% of its portfolio in Apple Inc. for 369,873 shares. Harvard Management Co Inc owns 506,683 shares or 24.76% of their US portfolio. Moreover, Berkshire Hathaway Inc has 23.74% invested in the company for 249.59 million shares. The Florida-based Lyons Wealth Management Llc. has invested 18.51% in the stock. R. G. Niederhoffer Capital Management Inc, a New York-based fund reported 13,500 shares.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Ratings analysis reveals 63% of Apple’s analysts are positive. Out of 27 Wall Street analysts rating Apple, 17 give it “Buy”, 1 “Sell” rating, while 9 recommend “Hold”. The lowest target is $140 while the high is $25000. The stock’s average target of $218.44 is -0.29% below today’s ($219.08) share price. AAPL was included in 67 notes of analysts from March 14, 2019. The firm has “Hold” rating given on Tuesday, March 26 by Jefferies. The rating was maintained by BTIG Research on Monday, March 25 with “Buy”. The firm has “Buy” rating given on Thursday, March 21 by J.P. Morgan. The stock of Apple Inc. (NASDAQ:AAPL) earned “Strong Buy” rating by Needham on Wednesday, September 11. The rating was maintained by Morgan Stanley on Thursday, May 30 with “Overweight”. The stock has “Buy” rating by Citigroup on Tuesday, May 28. The company was maintained on Tuesday, July 9 by JP Morgan. Wedbush maintained the stock with “Outperform” rating in Wednesday, May 1 report. Cascend Securities maintained it with “Buy” rating and $240 target in Thursday, June 20 report. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Tuesday, June 4 by Canaccord Genuity.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Seekingalpha.com which released: “Q4 App Store growth outperforming – Morgan Stanley – Seeking Alpha” on September 06, 2019, also Nasdaq.com with their article: “Thursday Apple Rumors: Possible Apple Watch Series 5 Photo Leaks – Nasdaq” published on August 22, 2019, Seekingalpha.com published: “Apple Braces For A Slowdown From New Tariffs – Seeking Alpha” on September 02, 2019. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Nasdaq.com and their article: “Technology Sector Update for 09/03/2019: MAMS, PHUN, RESN, MSFT, AAPL, IBM, CSCO, GOOG – Nasdaq” published on September 03, 2019 as well as Nasdaq.com‘s news article titled: “Technology Sector Update for 09/12/2019: ORCL, AVGO, MSFT, AAPL, IBM, CSCO, GOOG – Nasdaq” with publication date: September 12, 2019.

Apple Inc. (NASDAQ:AAPL) Institutional Positions Chart

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