The iPhone 8 will be good for more than just Apple

Its latest financials, however, show a staggering 29% year-over-year increase in share price, and most of it seems to be courtesy of iPhone 8 hype, according to a Bloomberg report. Morgan Stanley lifted their price target on shares of Apple to $154.00 in a research note on Tuesday.

02/16/2017 - Apple Inc. had its "equal weight" rating reiterated by analysts at Barclays.

As mentioned earlier, today is a banner day for prognostications about a forthcoming tenth-anniversary Apple (AAPL) iPhone, as the morning sees a flood of reports on what is presumed to be an "iPhone X", the next big model. RBC Capital Markets reissued an "outperform" rating and issued a $125.00 price target on shares of Apple in a research note on Friday, January 13th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the stock. The stock was sold at an average price of $124.40, for a total transaction of $4,976,000.00.

Shares of Apple (NASDAQ:AAPL) opened at 117.06 on Thursday.

Foxconn shares gained 29% past year, with optimism about Apple's 10th anniversary iPhone helping the company reach a decade-high. The third largest holder is Fmr Llc, which now holds $21.44 billion worth of this stock and that ownership represents almost 2.98% of its market capitalization. The company has a 50 day moving average price of $124.32 and a 200 day moving average price of $114.77.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, October 25th. The iPhone maker reported $3.36 EPS for the quarter, topping the Zacks' consensus estimate of $3.22 by $0.14.

Counterpoint Research expects Apple to sell 20 million to 23 million iPhones in China in the December 2017 quarter, according to Bloomberg. The firm had revenue of $46.85 billion for the quarter, compared to analyst estimates of $46.88 billion. The business's quarterly revenue was up 3.3% compared to the same quarter previous year. And the iPhone 8, which is already expected to drive Apple's next super-cycle, will be partly responsible for whatever comes out from Foxconn in the following years.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 16th. Investors of record on Monday, February 13th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.68%.

At the end of 12/31/2016 reporting period, 1,106 institutional holders increased their position in Apple Inc. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of United States and worldwide copyright and trademark legislation. Also, SVP D Bruce Sewell sold 75,000 shares of the company's stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $128.35, for a total transaction of $8,984,500.00. Look at its top three institutional owners. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The shares were sold at an average price of $120.00, for a total value of $3,600,000.00. The insider owns 5,546,451 shares which have current market value of around $752764329.72.Mr. Arthur D. Levinson, PhD is another major inside shareholder in the company. The disclosure for this sale can be found here. The insider owns 1,133,283 shares as of less than 0.1%, now worth $153809168.76. Institutional investors and hedge funds own 58.76% of the company's stock. United Bank VA raised its stake in Apple by 21.5% in the second quarter. They now have a United States dollars 123 price target on the stock. BB&T Corp increased its position in Apple by 49.1% in the second quarter. Penserra Capital Management LLC boosted its position in Apple by 39.2% in the second quarter. Finally, Welch Investments LLC purchased a new position in shares of Apple during the fourth quarter valued at approximately $146,000.

Hilliard Lyons analysts disclosed their opinion on Apple Inc.

  • Zachary Reyes