Apple (NASDAQ:AAPL) Getting Somewhat Critical News Coverage, Study Shows

News headlines about Apple (NASDAQ:AAPL) have been trending somewhat negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Apple earned a daily sentiment score of -1.25 on their scale. InfoTrie also gave media headlines about the iPhone maker an news buzz score of 7 out of 10, meaning that recent news coverage is likely to have an impact on the stock’s share price in the next several days.

Here are some of the headlines that may have impacted Apple’s ranking:

Several equities research analysts have commented on the stock. New Street Research downgraded shares of Apple from a “neutral” rating to a “sell” rating and set a $170.00 price objective on the stock. in a report on Friday, April 12th. Piper Jaffray Companies upped their price objective on shares of DexCom to $173.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Deutsche Bank set a €42.00 ($48.84) price target on shares of Alstom and gave the stock a “neutral” rating in a report on Tuesday, June 25th. Cowen set a $63.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Tuesday, June 4th. Finally, ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $210.69.

NASDAQ AAPL traded up $2.31 during trading hours on Thursday, reaching $205.66. The company’s stock had a trading volume of 15,724,494 shares, compared to its average volume of 28,847,730. The business’s 50-day moving average is $195.24. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 0.85. Apple has a 1 year low of $142.00 and a 1 year high of $233.47. The stock has a market cap of $940.92 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 1.73 and a beta of 1.23.

Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, April 30th. The iPhone maker reported $2.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.37 by $0.09. Apple had a return on equity of 51.29% and a net margin of 22.12%. The firm had revenue of $58.02 billion for the quarter, compared to the consensus estimate of $57.40 billion. During the same quarter in the previous year, the company posted $2.73 EPS. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. Sell-side analysts anticipate that Apple will post 11.47 EPS for the current fiscal year.

Apple announced that its board has initiated a stock repurchase plan on Tuesday, April 30th that allows the company to repurchase $75.00 billion in shares. This repurchase authorization allows the iPhone maker to reacquire up to 7.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

In other news, Director Arthur D. Levinson sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $210.86, for a total transaction of $7,380,100.00. Following the transaction, the director now directly owns 1,168,283 shares in the company, valued at $246,344,153.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 56,411 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $210.36, for a total transaction of $11,866,617.96. Following the transaction, the chief operating officer now owns 151,187 shares in the company, valued at $31,803,697.32. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by insiders.

About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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