Canaccord Genuity restated their buy rating on shares of Apple Inc. (NASDAQ:AAPL) in a report released on Wednesday, MarketBeat reports. They currently have a $146.00 price objective on the iPhone maker’s stock, up from their prior price objective of $99.99.

Several other analysts also recently commented on AAPL. Vetr downgraded shares of Apple from a strong-buy rating to a buy rating and set a $129.71 target price on the stock. in a report on Thursday, October 29th. Oppenheimer restated an outperform rating and set a $120.00 target price on shares of Apple in a report on Wednesday, January 27th. Susquehanna restated a buy rating and set a $155.00 target price on shares of Apple in a report on Wednesday, October 28th. Deutsche Bank restated a hold rating and set a $125.00 target price on shares of Apple in a report on Wednesday, October 28th. Finally, Bank of America restated a hold rating and set a $130.00 target price on shares of Apple in a report on Wednesday, October 28th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $137.22.

Shares of Apple (NASDAQ:AAPL) traded down 0.93% during mid-day trading on Wednesday, hitting $96.43. 40,936,307 shares of the stock were exchanged. The company has a market capitalization of $534.66 billion and a PE ratio of 10.26. The firm has a 50-day moving average price of $102.79 and a 200 day moving average price of $112.92. Apple has a 12-month low of $92.00 and a 12-month high of $134.54.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, January 26th. The iPhone maker reported $3.28 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.05. The firm earned $75.87 billion during the quarter, compared to analyst estimates of $77.10 billion. The business’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.06 earnings per share. On average, equities research analysts expect that Apple will post $9.14 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 11th. Investors of record on Monday, February 8th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, February 4th. This represents a $2.08 annualized dividend and a yield of 2.16%.

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

Other hedge funds and institutional investors have recently made changes to their positions in the company. Camarda Financial Advisors LLC boosted its position in shares of Apple by 5.0% in the fourth quarter. Camarda Financial Advisors LLC now owns 17,617 shares of the iPhone maker’s stock valued at $1,854,000 after buying an additional 841 shares during the period. Summit Financial Strategies Inc. boosted its position in shares of Apple by 3.1% in the fourth quarter. Summit Financial Strategies Inc. now owns 7,004 shares of the iPhone maker’s stock valued at $737,000 after buying an additional 210 shares during the period. Cliftonlarsonallen Wealth Advisors LLC boosted its position in shares of Apple by 3.6% in the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 16,033 shares of the iPhone maker’s stock valued at $1,688,000 after buying an additional 560 shares during the period. Oak Ridge Investments LLC boosted its position in shares of Apple by 0.5% in the fourth quarter. Oak Ridge Investments LLC now owns 443,997 shares of the iPhone maker’s stock valued at $46,735,000 after buying an additional 2,266 shares during the period. Finally, North Forty Management LLC purchased a new position in shares of Apple during the fourth quarter valued at about $781,000.

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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