Looking back in early 2014, Wells Fargo Securities actually downgraded AALP (Apple) stock, citing concerns about the firm’s margins. Looking back in early 2015, Wells Fargo had maintained their rating of “market perform” for the company. However, an analyst of Wells Fargo Securities, Maynard Um, upgraded Apple to “Outperform” due to the recent share slide, according to AppleInsider.
The iPhone maker gains some attention from activist investor Carl Icahn this week, who made quite a bit of praise for Apple, saying the company’s stock continues to be vastly undervalued and should be trading today at a price of $216. Read more
Apple was one of the biggest buyback spender among the S&P 500 during this year, which many sources point out. Courtesy of FactSet‘s data, the source reports that the iPhone-maker has bought back more than $56 billion worth of shares from stockholders in the year 2014.
With the rumors moving the goalpost of the iPhone 6’s release from May to a potential September outing, some analysts have lost confidence in Apple, posting wary remarks about their stock to other investors.
Monday, Investment firm Jefferies upgraded the iPhone maker up to buy and reset their expectations with a price target of $600. Read more
Citi has signed a consent order with the Massachusetts Secretary of State agreeing to pay $30 million after its analysts leaked Apple’s iPhone supply chain info to clients. Read more
An analysis proposes that increasing its share buyback program could have a significant effect on the company’s stock. Read more
Thursday, Apple is paying its shareholders another quarterly dividend amounting to $2.77 billion. Read more
Friday, a filing with the U.S. Securities and Exchange Commission revealed that Apple CFO Peter Oppenheimer sold over 37 thousand shares for $16.37 million. Read more
Apple has been reeling throughout most of 2013 after coming off their stock high in September of 2012 when they originally launched the iPhone 5. As it stands today, the company hasn’t been doing nearly as well as they should be doing in the competitive smartphone market.