Should I buy or sell Apple stock right now?

35 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Apple in the last twelve months. There are currently 1 sell rating, 11 hold ratings, 22 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AAPL shares. View AAPL analyst ratings or view top-rated stocks .

What is Apple's stock price target for 2024?

35 analysts have issued 1 year target prices for Apple's shares. Their AAPL share price targets range from $164.00 to $275.00. On average, they expect the company's stock price to reach $208.06 in the next twelve months. This suggests that the stock has a possible downside of 2.9%. View analysts price targets for AAPL or view top-rated stocks among Wall Street analysts .

How have AAPL shares performed in 2024?

Apple's stock was trading at $192.53 at the beginning of 2024. Since then, AAPL stock has increased by 11.3% and is now trading at $214.29. View the best growth stocks for 2024 here .

Are investors shorting Apple?

Apple saw a increase in short interest in May. As of May 31st, there was short interest totaling 113,520,000 shares, an increase of 14.3% from the May 15th total of 99,290,000 shares. Based on an average daily volume of 61,060,000 shares, the days-to-cover ratio is currently 1.9 days. View Apple's Short Interest .

When is Apple's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024. View our AAPL earnings forecast .

How were Apple's earnings last quarter?

Apple Inc. (NASDAQ:AAPL) announced its quarterly earnings results on Thursday, May, 2nd. The iPhone maker reported $1.53 EPS for the quarter, topping the consensus estimate of $1.51 by $0.02. The iPhone maker earned $90.75 billion during the quarter, compared to the consensus estimate of $90.37 billion. Apple had a net margin of 26.31% and a trailing twelve-month return on equity of 148.33%. The company's revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 earnings per share. Read the conference call transcript .

How often does Apple pay dividends? What is the dividend yield for Apple?

Apple announced a quarterly dividend on Thursday, May 2nd. Investors of record on Monday, May 13th will be paid a dividend of $0.25 per share on Thursday, May 16th. This represents a $1.00 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from the stock's previous quarterly dividend of $0.24. Read our dividend analysis for AAPL .

Is Apple a good dividend stock?

Apple (NASDAQ:AAPL) pays an annual dividend of $1.00 per share and currently has a dividend yield of 0.47%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 15.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AAPL will have a dividend payout ratio of 13.79% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for AAPL .

What ETFs hold Apple's stock?

ETFs with the largest weight of Apple (NASDAQ:AAPL) stock in their portfolio include Technology Select Sector SPDR Fund (XLK) , Direxion Daily AAPL Bull 2X Shares (AAPU) , iShares Global Tech ETF (IXN) , iShares U.S. Technology ETF (IYW) , Fidelity MSCI Information Technology Index ETF (FTEC) , Vanguard Information Technology ETF (VGT) , Direxion Daily Technology Bull 3X Shares (TECL) and ProShares Ultra Technology (ROM) .

When did Apple's stock split?

Shares of Apple split before market open on Monday, August 31st 2020. The 4-1 split was announced on Thursday, July 30th 2020. The newly issued shares were issued to shareholders after the market closes on Friday, August 28th 2020. An investor that had 100 shares of stock prior to the split would have 400 shares after the split.

How will Apple's stock buyback program work?

Apple declared that its board has approved a share repurchase program on Thursday, May 2nd 2024, which authorizes the company to buyback $110,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its stock is undervalued.

What is Tim Cook's approval rating as Apple's CEO?

11,001 employees have rated Apple Chief Executive Officer Tim Cook on Glassdoor.com . Tim Cook has an approval rating of 94% among the company's employees. This puts Tim Cook in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Apple own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Apple investors own include NVIDIA (NVDA) , Alibaba Group (BABA) , Tesla (TSLA) , Micron Technology (MU) , Netflix (NFLX) , General Electric (GE) , Walt Disney (DIS) , Advanced Micro Devices (AMD) , AT&T (T) and Boeing (BA) .

Who are Apple's major shareholders?

Apple's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.54%), Price T Rowe Associates Inc. MD (1.35%), Bank of New York Mellon Corp (0.74%), Swiss National Bank (0.28%), Capital International Investors (0.24%) and Sumitomo Mitsui Trust Holdings Inc. (0.24%). Insiders that own company stock include Arthur D Levinson , Chris Kondo , Deirdre O'brien , Jeffrey E Williams, Jeffrey E Williams , Katherine L Adams , Katherine L Adams , Luca Maestri and Timothy D Cook . View institutional ownership trends .

How do I buy shares of Apple?

Shares of AAPL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Apple have any subsidiaries?

The following companies are subsidiares of Apple: AI Music, Acunu, Akonia Holographics, AlgoTrim, Anobit Technologies, Apple Asia LLC, Apple Asia Limited, Apple Canada Inc., Apple Computer Trading Shanghai Co. Ltd., Apple Distribution International Limited, Apple Insurance Company Inc., Apple Japan Inc., Apple Korea Limited, Apple Operations Europe Limited, Apple Operations International Limited, Apple Operations Limited, Apple Pty Limited, Apple Sales International Limited, Apple South Asia Thailand Limited, Asaii Inc, AuthenTec, Beats, Beddit, Blue Fish Labs, Blue Spruce Technologies, Booklamp, Braeburn Capital Inc., BroadMap, Buddybuild, Burstly, C3 Technologies, Camel Audio, Camerai, Catch.com, Chomp, Coherent Navigation, Color Labs, Concept.io, Coral Software, Credit Kudos, Cue, DataTiger, Dialog Semiconductor, Drive.ai, Dryft, Emagic, Embark1, Emotient, Fashwell, Fingerworks, Fleetsmith, Flyby Media, FoundationDB, Gliimpse, HopStop.com, IKinema LTD, InVisage Technologies, Inductiv, Intel's smartphone modem business, Intrinsity, Joby Aviation, Lala, Laserlike, Lattice, LearnSprout, LegbaCore, Limited Liability Company Apple Rus, Linx Imaging, Locationary, LuxVue Technology, MOG, Mapsense, Matcha, Mobeewave, Nashoba Systems, NeXT, NetSelector, Network Innovations, Next Issue Media, NextVR, Nothing Real, Novauris, Orion Network Systems, OttoCat, PA Semi, Particle, Passif Semiconductor, Paws Inc, Perceptio, Placebase, Platoon, Polar Rose, Poly9, Pop Up Archive, Power Computing, PowerSchool, PowerbyProxi, PrimeSense, Primephonic, Prismo Graphics, Privaris, Propel Software, Propel Software Corporation, Proximity, Prss, PullString, Quattro Wireless, RareLight, Raycer Graphics, RealFace, Redmatica, Regaind, SMI Holding, SchemaSoft, Scout FM, Semetric, Shazam, Silicon Color, Silk Labs, Siri, SnappyLabs, SourceDNA, Spaces, Spectral Edge, Spektral, Spotsetter, Stamplay, Styleware, Texture by Next Issue, The Dark Sky Company, Topsy Labs, Tueo Health, Turi, Union Bay Networks, Vilynx, VocalIQ, Voysis, Vrvana, WiFiSLAM, Workflow, Xnor.ai, Zayante, faceshift, iTunes K.K., imsense, indoor.io, metaio, and tuplejump. Read More

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NASDAQ:AAPL

Apple (AAPL) Stock Price, News & Analysis

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$214.29

-2.38 (-1.10%)

(As of 06/18/2024 ET)

Compare

Today's Range: $213.00
▼
$218.63
50-Day Range: $165.00
▼
$216.67
52-Week Range: $164.07
▼
$220.20

Volume: 79.86 million shs
Average Volume: 63.42 million shs
Market Capitalization: $3.29 trillion

P/E Ratio: 33.33
Dividend Yield: 0.47%
Price Target: $208.06

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Apple MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.66 Rating Score
Upside/Downside: 2.9% Downside
$208.06 Price Target
Short Interest: Healthy
0.74% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -1.97
Upright™ Environmental Score
News Sentiment: 0.54
Based on 207 Articles This Week
Insider Trading: Selling Shares
$60.88 M Sold Last Quarter
Proj. Earnings Growth: 10.18%
From $6.58 to $7.25 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.50 out of 5 stars

Computer And Technology Sector

80th out of 585 stocks

Electronic Computers Industry

2nd out of 6 stocks

2.3

Analyst's Opinion

Consensus Rating
Apple has received a consensus rating of Moderate Buy. The company's average rating score is 2.66, and is based on 22 buy ratings, 11 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Apple has been the subject of 20 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Apple's stock forecast and price target.

3.0

Short Interest

Percentage of Shares Shorted
0.74% of the outstanding shares of Apple have been sold short.
Short Interest Ratio / Days to Cover
Apple has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Apple has recently increased by 14.33%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Yield
Apple has a dividend yield of 0.47%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Apple has been increasing its dividend for 13 years.
Dividend Coverage
The dividend payout ratio of Apple is 15.55%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Apple will have a dividend payout ratio of 13.79% next year. This indicates that Apple will be able to sustain or increase its dividend.
Read more about Apple's dividend.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Apple has received a 23.42% net impact score from Upright. Apple seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Knowledge infrastructure". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Smartphones", "Tablet computers", and "Desktop computers" products. See details.
Environmental Sustainability
The Environmental Impact score for Apple is -1.97.

2.5

News and Social Media Coverage

News Sentiment
Apple has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.82 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 207 news articles for Apple this week, compared to 115 articles on an average week.
Search Interest
782 people have searched for AAPL on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.
MarketBeat Follows
Only 646 people have added Apple to their MarketBeat watchlist in the last 30 days. This is a decrease of -2% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Apple insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $60,880,196.00 in company stock.
Percentage Held by Insiders
Only 0.06% of the stock of Apple is held by insiders.
Percentage Held by Institutions
60.41% of the stock of Apple is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Apple's insider trading history.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Apple are expected to grow by 10.18% in the coming year, from $6.58 to $7.25 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Apple is 33.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of Apple is 33.33, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 245.97.
Price to Earnings Growth Ratio
Apple has a PEG Ratio of 2.59. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Apple has a P/B Ratio of 53.57. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Read more about Apple's valuation and earnings.

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About Apple Stock (NASDAQ:AAPL)

Apple Inc. is among the world's most iconic brands. Founded on April 1, 1976, by Steve Jobs and Steve Wozniak, it is now the leading producer of consumer electronics and an economy all of its own. The was valued at over $2.6 trillion in 2022 and brought in $0.4 trillion in revenue making it equal in size to the economies of Thailand and Belgium which are ranked 24th and 23rd largest worldwide.

Founders Jobs and Wozniak, both college dropouts, founded the company with the idea of changing the way people looked at computers. Their vision coincided with a revolution within the PC industry and helped to create personal computing as we know it today. The company’s first product was a personal computer known as the Apple 1 but the product line has since evolved to include a wide range of desirable personal computing devices.

Tim Cook took over the role of CEO in 2011 shortly before the death of Steve Jobs. Cook joined the company in 1988 as Senior VP of Global Sales and went on to become Executive VP of Global Operations before taking on the chief executive role. In his tenure, Mr. Cook has more than doubled Apple’s revenue and earnings while growing the company’s value by more than 450%.

The company designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. Apple also provides and sells related platforms and services to power them and is the host of a widely-used digital ecosystem. The digital ecosystem revolves around the Apple App Store which lists thousands of games and applications for iOS users. The App Store also features digital content like music, TV, and movies as well as books, podcasts, and other forms of digital content.

Apple is headquartered in Apple Park, an ultra-modern campus built in Cupertino, California. The campus features a massive circular building nicknamed The Spaceship and provides working space for over 12,000 employees. The circular shape houses a park and a pond and there are many amenities within the facility including cafes, a wellness center, care clinics, and terminals for the shuttle system.

The company’s core product line has shifted away from computers over the years and towards iPhones and devices but computing is still fundamental to the business. In regard to iPhones, Apple’s products are routinely ranked as the top-selling in all comparisons. Other product lines include Mac (a line of computers), iPad (a line of tablets), AirPods (wifi-enabled earbuds), wearables like the Watch, home accessories such as Apple TV, and smart-home devices like the HomePod.

Finally, Apple provides AppleCare support services, cloud store services, and a host of other service offerings intended to simplify life. Among them are Apple News (subscription news), Apple TV+ (subscription TV with original content), Apple Card (consumer credit card), and Apple Pay (mobile cashless pay feature).

Apple computers and wifi-enabled smart devices are in demand by consumers, small and mid-sized businesses, the education sector, enterprises, and governments worldwide because they are high-quality, long-lasting, powerful devices. The company sells its products through an omnichannel network of DTC, wholesales, and eCommerce channels including mobile carriers, retailers, and resellers.

Written by Jeffrey Neal Johnson

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