Apple could end up certifying only a few charging pads that support its "half-power" implementation. Institutional investors and hedge funds own 61.50% of the company's stock. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $177.00 price target (up previously from $161.00) on shares of Apple in a report on Wednesday, May 17th. (The) restated a "buy" rating and set a $170.00 price objective on shares of Apple in a research report on Wednesday, June 21st. This buyback authorization allows the iPhone maker to reacquire up to 6.5% of its shares through open market purchases. Barclays PLC set a $123.00 price target on shares of Apple and gave the company a "neutral" rating in a report on Wednesday, May 3rd. Royal Bank Of Canada reiterated an "outperform" rating and set a $157.00 price objective on shares of Apple in a research report on Tuesday, May 2nd. Stockholders of record on Monday, August 14th were issued a $0.63 dividend. Eleven investment analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.58%. The company now has an average rating of "Buy" and a consensus target price of $167.73.
In other Apple news, insider Luca Maestri sold 4,757 shares of the business's stock in a transaction that occurred on Friday, June 2nd. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Following the transaction, the insider now directly owns 3,414 shares in the company, valued at $528,145.80. The ex-dividend date of this dividend was Thursday, August 10th. Apple's dividend payout ratio (DPR) is 28.64%. The stock was sold at an average price of $154.70, for a total value of $735,907.90. The disclosure for this sale can be found here. Also, SVP D Bruce Sewell sold 31,625 shares of the business's stock in a transaction that occurred on Monday, August 7th. Insiders own 0.08% of the company's stock. While earlier rumours claimed that the iPhone 8 will adopt the "Qi" wireless charging standard used by Android manufacturers like Samsung and LG, a new report by Japanese fan site Mac Qtakara claims that iPhone 8 is expected to use Apple's own wireless charging units that adhere to the company's "Made for iPhone"(MfI) program.
Test reprimand means England's Stokes is on brink of ban
He made an inappropriate comment which was clearly audible through the stump mic and was also heard by the match officials. Ben Stokes is one demerit point away from a Test ban with the Ashes on the horizon after being reprimanded at Headingley.
Apple Inc (Apple) 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.
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