Is Apple Inc (NASDAQ:AAPL) Finally Worth Your Time? What Does BMO Capital Markets Think?

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Why Has BMO Capital Markets Given Apple Inc (NASDAQ:AAPL) a $145.00 Price Target

The broker BMO Capital Markets has today initiated coverage on Apple Inc (NASDAQ:AAPL) shares, with a “Outperform” rating, while setting the TP at $145.00.

From a total of 42 analysts covering Apple Inc. (NASDAQ:AAPL) stock, 40 rate it a ”Buy”, 1 a “Sell”, and 8 a ”Hold”. This means that 82% of the ratings are positive. The highest target price is $200 while the lowest target price is $85. The mean of all analyst targets is $148.64 with a 32.35% above today’s ($113.67) stock price. Apple Inc. was the topic of 89 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs upgraded shares on November 18 to “Conviction Buy” rating. Credit Suisse maintained shares with “Outperform” rating and $140 target share price in a report from an October 28. Macquarie Research maintained AAPL stock in a recent report from October 28 with “Buy” rating. Stifel Nicolaus maintained the rating on October 28. Stifel Nicolaus has a “Buy” rating and a $150 price target on shares. Finally, Oppenheimer maintained the stock with “Buy” rating in a report issued on an October 28.

Approximately 31.76 million shares of stock traded hands. Apple Inc. (NASDAQ:AAPL) has declined 8.97% since May 8, 2015 and is downtrending. It has underperformed by 5.95% the S&P500.

The overall sentiment of institutions has increased to 1.18 in Q2 2015. Its up 0.22, from 0.96 in 2015Q2. The ratio improved, as 103 institutions have sold all the shares of Apple Inc. that they owned while 854 funds have taken shares off the table. 102 funds have purchased shares for the first time while 1032 added to their positions. These institutions now hold 3.20 billion shares or 1.58% less than the 3.25 billion shares they owned in 2015Q2.

The Fund Compton Capital Management Inc Ri currently is holding shares equating to 45.15% of its total portfolio in Apple Inc. representing a total of 113,694 shares. Another fund,Raiff Partners Inc, is holding a total of 100,000 shares equating to 32.27% of their holdings. Additionally, Rfg Advisory Group Llc has a 70,558 share stake in Apple Inc. which represents 25.06% of their total portfolio. The Fund, Independent Investors Inc, based out of New York, has also built up a stake in the stock, which represents a total of 23.66% of their total portfolio. Finally Dock Street Asset Management Inc, a fund which is based in the state of Connecticut reported a total holdings of 269,584 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 6, 2015, shareholders of Apple Inc. have witnessed 0 buys, and a total of 8 sales equating to a net activity of approximately $20.59 million . Maestri Luca sold 2,908 shares worth approximately $325,347. Williams Jeffrey E sold 46,873 shares worth approximately $5.18 million. Riccio Daniel J. sold 24,085 shares worth approximately $3.01M. Ahrendts Angela J sold 44,789 shares worth approximately $5.90 million. The company insider Levinson Arthur D sold 70,000 shares worth $9.20 million.

Apple Inc. 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 has a market cap of $648.74 billion. The Company’s services and products 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. It has 12.36 P/E ratio. The Firm also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store.

According to Zacks Investment Research, “Apple Inc. is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings. It sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers. Apple Inc. is headquartered in Cupertino, California.” Get a free copy of the Zacks research report on Apple Inc. (AAPL).

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