RBC Capital Gets More Bullish On Apple Inc. Ahead Of Earnings

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(NASDAQ:AAPL) is planning its most extensive iPhone lineup to date.

A number of institutional investors have recently made changes to their positions in the company. Weaver C. Barksdale & Associates Inc. bought a new position in Apple during the third quarter worth about $122,000. Hills Bank & Trust Co. raised its stake in Apple by 1.5% in the third quarter. Carlson Capital Management now owns 5,898 shares of the iPhone maker's stock worth $667,000 after buying an additional 736 shares in the last quarter. Callahan Advisors LLC now owns 120,585 shares of the iPhone maker's stock worth $13,632,000 after buying an additional 4,840 shares during the period.

Apple Inc. shares rose $0.75 (+0.53%) in premarket trading Monday. Apple hit an all-time high of 145.46 on April 5. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. The company has a 50-day moving average of $141.29 and a 200-day moving average of $124.24.

Apple Inc. (NASDAQ:AAPL) soared 22.44% year-to-date. The analysts offering Earnings Estimates for the company were believing that Apple Inc. Apple had a net margin of 20.73% and a return on equity of 34.94%. Apple CFO Luca Maestri said there's an internal goal to double revenue from services over the next four years. (AAPL) could bring EPS of $3.21/share.

Barclays Downgrade its coverage for Apple Inc. "(AAPL)" was published by Markets Daily and is the property of of Markets Daily. If you are accessing this piece on another domain, it was stolen and republished in violation of USA & worldwide copyright & trademark laws. Many analysts believe that the iPhone that launches this fall could spur a huge number of upgrades from older phones - what RBC calls "iPhone 8 cycle tailwinds" and other analysts have been calling the "super cycle".

RBC analyst Amit Daryanani also increased his March-quarter iPhone estimates and fiscal 2017 revenue estimates, saying trends indicate consumer preference for Apple's more expensive plus models, which have contributed positively to average selling prices. Analysts recommended an average brokerage rating of Overweight derived from brokerage firms, according to FactSet.

The company is expected to report earnings of $2.02 a share for the next quarter. There may be various price targets for a stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. It has ranged in price between $141.11-$142.04 after having started the session at $141.41 as compared to the previous trading day's close of $141.83.

In related news, SVP D Bruce Sewell sold 75,000 shares of Apple stock in a transaction on Thursday, February 2nd.

On 2/16/2017 Craig Federighi, Insider, sold 70,627 with an average share price of $135.30 per share and the total transaction amounting to $9,555,833.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. For trailing twelve months, EPS value for the stock is $8.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 436,644 shares of company stock valued at $57,294,327.

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