Apple Inc. (NASDAQ:AAPL) had its target price trimmed by Argus from $145.00 to $135.00 in a research note published on Wednesday morning, MarketBeat reports. The firm currently has a buy rating on the iPhone maker’s stock.

In related news, CEO Timothy D. Cook sold 30,000 shares of the company’s stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 10,000 shares of the company’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $120.81, for a total value of $1,208,100.00. The disclosure for this sale can be found here.

Other large investors recently added to or reduced their stakes in the company. Lowe FS increased its stake in Apple by 0.6% in the third quarter. Lowe FS now owns 2,371 shares of the iPhone maker’s stock valued at $261,000 after buying an additional 13 shares during the period. Stanley Capital Management increased its stake in Apple by 2.9% in the third quarter. Stanley Capital Management now owns 52,806 shares of the iPhone maker’s stock valued at $5,825,000 after buying an additional 1,500 shares during the period. Kovitz Investment Group increased its stake in Apple by 14.2% in the third quarter. Kovitz Investment Group now owns 736,870 shares of the iPhone maker’s stock valued at $81,262,000 after buying an additional 91,557 shares during the period. Ken Stern & Associates increased its stake in Apple by 9.3% in the third quarter. Ken Stern & Associates now owns 9,621 shares of the iPhone maker’s stock valued at $1,061,000 after buying an additional 819 shares during the period. Finally, Baker Avenue Asset Management increased its stake in Apple by 34.5% in the third quarter. Baker Avenue Asset Management now owns 53,239 shares of the iPhone maker’s stock valued at $5,872,000 after buying an additional 13,662 shares during the period.

Several other brokerages have also recently commented on AAPL. JMP Securities lifted their price target on shares of Apple from $160.00 to $165.00 in a research report on Wednesday, October 28th. ABG Sundal Collier reiterated a sell rating on shares of Apple in a research report on Wednesday, January 13th. Susquehanna reiterated a positive rating and set a $155.00 price target on shares of Apple in a research report on Thursday, November 19th. BMO Capital Markets started coverage on shares of Apple in a research report on Thursday, December 10th. They set an outperform rating and a $145.00 price target for the company. Finally, Vetr cut shares of Apple from a strong-buy rating to a buy rating and set a $129.95 price target for the company. in a research report on Monday, December 14th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $137.22.

Apple (NASDAQ:AAPL) traded down 0.93% on Wednesday, reaching $96.43. 40,805,000 shares of the company’s stock traded hands. The stock’s 50 day moving average is $102.79 and its 200 day moving average is $112.92. The firm has a market cap of $534.66 billion and a price-to-earnings ratio of 10.26. Apple has a 52-week low of $92.00 and a 52-week high of $134.54.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, January 26th. The iPhone maker reported $3.28 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.05. During the same quarter in the previous year, the business posted $3.06 EPS. The company earned $75.87 billion during the quarter, compared to analyst estimates of $77.10 billion. The company’s revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts predict that Apple will post $9.14 EPS for the current fiscal year.

The company also recently declared 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%.

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

Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with MarketBeat.com's FREE daily email newsletter.