JPMorgan Chase & Co. set a $141.00 price objective on Apple Inc. (NASDAQ:AAPL) in a research note published on Wednesday morning, Market Beat.com reports. The brokerage currently has a a buy rating on the iPhone maker’s stock.

In other news, CEO Timothy D. Cook sold 30,000 shares of Apple stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $122.08, for a total value of $3,662,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 90,593 shares of Apple stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $120.48, for a total transaction of $10,914,644.64. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently bought and sold shares of the stock. Lowe FS boosted its position in Apple by 0.6% in the third quarter. Lowe FS now owns 2,371 shares of the iPhone maker’s stock worth $261,000 after buying an additional 13 shares during the period. Stanley Capital Management raised its stake in shares of Apple by 2.9% in the third quarter. Stanley Capital Management now owns 52,806 shares of the iPhone maker’s stock worth $5,825,000 after buying an additional 1,500 shares in the last quarter. Kovitz Investment Group raised its stake in shares of Apple by 14.2% in the third quarter. Kovitz Investment Group now owns 736,870 shares of the iPhone maker’s stock worth $81,262,000 after buying an additional 91,557 shares in the last quarter. Ken Stern & Associates raised its stake in shares of Apple by 9.3% in the third quarter. Ken Stern & Associates now owns 9,621 shares of the iPhone maker’s stock worth $1,061,000 after buying an additional 819 shares in the last quarter. Finally, Baker Avenue Asset Management raised its stake in shares of Apple by 34.5% in the third quarter. Baker Avenue Asset Management now owns 53,239 shares of the iPhone maker’s stock worth $5,872,000 after buying an additional 13,662 shares in the last quarter.

Shares of Apple (NASDAQ:AAPL) traded up 0.72% during midday trading on Wednesday, reaching $94.09. 55,622,373 shares of the company’s stock were exchanged. Apple has a one year low of $92.00 and a one year high of $134.54. The stock has a market cap of $521.68 billion and a P/E ratio of 10.01. The company’s 50-day moving average is $104.01 and its 200-day moving average is $113.27.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, January 26th. The iPhone maker reported $3.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.23 by $0.05. During the same quarter in the previous year, the firm posted $3.06 EPS. The business had revenue of $75.87 billion for the quarter, compared to analysts’ expectations of $77.10 billion. Apple’s revenue was up 1.7% on a year-over-year basis. Equities analysts expect that Apple will post $9.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 11th. Stockholders of record on Monday, February 8th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Thursday, February 4th.

A number of other brokerages have also commented on AAPL. Vetr lowered Apple from a strong-buy rating to a buy rating and set a $129.71 target price on the stock. in a research report on Thursday, October 29th. Oppenheimer reissued an outperform rating and issued a $120.00 price target on shares of Apple in a report on Wednesday. Susquehanna reissued a buy rating and issued a $155.00 price target on shares of Apple in a report on Wednesday, October 28th. Barclays decreased their price target on Apple from $150.00 to $142.00 and set an overweight rating for the company in a report on Wednesday. Finally, Bank of America reissued a hold rating and issued a $130.00 price target on shares of Apple in a report on Wednesday, October 28th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $137.22.

Apple Inc. (NASDAQ:AAPL) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, the Company acquired app-search engine Chomp.

12 Month Chart for NASDAQ:AAPL

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