A look into Apple Inc. (AAPL)’s deeper side

Apple Inc. (NASDAQ: AAPL) stock jumped 0.88% on Thursday to $175.74 against a previous-day closing price of $174.21. With 60.73 million shares changed hands, the volume of the stock remained heavier than its average volume of 57.37 million shares. During the session, the Consumer Electronics company that operates in wider Technology sector, reached to the highest price of $176.10 whereas the lowest price it dropped to was $173.58. The 52-week range on AAPL shows that it touched its highest point at $198.23 and its lowest point at $124.17 during that stretch. It currently has a 1-year price target of $199.80. With its current market cap of 2738.00 billion, AAPL has annualized dividend of $0.96 while the current yield stands at 0.55%. Beta for the stock currently stands at 1.28.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AAPL was down-trending over the past week, with a drop of -1.03%, but this was down by -0.96% over a month. Three-month performance dropped to -4.46% while six-month performance rose 14.87%. The stock gained 14.24% in the past year, while it has gained 35.26% so far this year. A look at the trailing 12-month EPS for AAPL yields 5.95 with Next year EPS estimates of 6.61. For the next quarter, that number is 1.39. This implies an EPS growth rate of 8.90% for this year and 8.90% for next year. EPS is expected to grow by 6.37% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 21.60%.

Float and Shares Shorts:

At present, 15.70 billion AAPL shares are outstanding with a float of 15.62 billion shares on hand for trading. On Aug 30, 2023, short shares totaled 102.09 million, which was 0.65% higher than short shares on Jul 30, 2023. In addition to Mr. Timothy D. Cook as the firm’s CEO & Director, Mr. Luca Maestri serves as its CFO & Sr. VP.

Institutional Ownership:

Through their ownership of 61.32% of AAPL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 30.37% of AAPL, in contrast to 30.23% held by mutual funds. Shares owned by individuals account for 0.35%. As the largest shareholder in AAPL with 7.89% of the stake, The Vanguard Group, Inc. holds 1,241,284,044 shares worth 1,241,284,044. A second-largest stockholder of AAPL, Berkshire Hathaway, Inc., holds 915,560,382 shares, controlling over 5.82% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in AAPL, holding 669,335,618 shares or 4.26% stake. With a 2.96% stake in AAPL, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 465,435,639 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.25% of AAPL stock, is the second-largest Mutual Fund holder. It holds 354,078,241 shares valued at 69.56 billion. Fidelity 500 Index Fund holds 1.07% of the stake in AAPL, owning 168,032,282 shares worth 33.01 billion.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 30, 2023, AAPL reported revenue of $82.96B and operating income of $23.08B. The EBITDA in the recently reported quarter was $25.88B and diluted EPS was $1.20.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AAPL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AAPL analysts setting a high price target of $240.00 and a low target of $160.00, the average target price over the next 12 months is $202.77. Based on these targets, AAPL could surge 36.57% to reach the target high and fall by -8.96% to reach the target low. Reaching the average price target will result in a growth of 15.38% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Dividends & Yield:

In terms of dividends, AAPL has a current ratio of $0.96, which is $0.96 over the trailing 12-months, while a dividend of $0.82 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and AAPL currently yields $0.53. In the past year, AAPL’s dividend yield has been $0.53, but when looking at the stock over the past five years, its yield has been $0.86. Accordingly, AAPL has a current buyback yield of $2.95. This was $2.95 for the TTM, and it was $4.7 for the past five years.

Summary of Insider Activity:

Insiders traded AAPL stock several times over the past three months with 1 Buys and 2 Sells. In these transactions, 31,896 shares were bought while 31,896 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 47 over the past year. The total number of shares bought during that period was 2,199,317 while 2,275,653 shares were sold.

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