AAPL: Hilliard Ups Target to $660; Size Not a Problem Right Now
Hilliard Lyons‘s Stephen Turner this afternoon reiterates a Buy rating and raised his price target on shares of Apple (AAPL) to $660 from $575 to reflect Apple’s initiation of a dividend and stock repurchases, announced Monday, and to reflect higher iPad estimates stemming from the company’s disclosure the same day it sold 3 million units...
AAPL: Ned Davis Sizes the Payout Vs. S&P
Dan Sanborn of Ned Davis Research this evening offered up his thoughts on Apple‘s (AAPL) announcement yesterday it will commence a $2.65 per share dividend in its fiscal Q4 and will repurchase $10 billion of stock over three years commencing next fiscal year. Sanborn notes that despite the dividend current yield of 1.8% being below...
AAPL: Ned Davis Sizes the Payout Vs. S&P
Dan Sanborn of Ned Davis Research this evening offered up his thoughts on Apple‘s (AAPL) announcement yesterday it will commence a $2.65 per share dividend in its fiscal Q4 and will repurchase $10 billion of stock over three years commencing next fiscal year. Sanborn notes that despite the dividend current yield of 1.8% being below...
GOOG, AMZN: Follow Apple’s Payout Example, Says Barclays
This is something you’ll be hearing a lot more about, I’d imagine. Barclay’s Anthony DiClemente today ponders whether large Internet darlings should follow Apple‘s (AAPL) example yesterday, and return more cash to shareholders. The answer may be yes, says DiClemente, at least in the instance of Google (GOOG) and Amazon.com (AMZN). DiClemente observes that Google...
Apple: Morgan Keegan Ups Target to $800; Goldman Ups to $700
Goldman Sachs‘s Bill Shope this afternoon becomes the latest analyst to raise his rating to the $700 level, from a prior $660, in response to Apple‘s (AAPL) announcement this morning it will initiate a dividend later this year and buy back shares over the course of the next few years. “While the dividend was essentially...
AAPL: Bernstein Disappointed by Dividend; Wanted Debt
Not everyone was satisfied with Apple‘s (AAPL) dividend announcement this morning, even though most of the Street responses so far are fairly positive. Among those disappointed are Bernstein Research‘s Toni Sacconaghi, who has written in recent weeks that Apple could offer a higher payout ratio (perhaps 30%, versus the expected 25%), and who even opined...
Apple: Street Cheers Dividend, Buybacks
Responses from the Street are flowing in regarding Apple's (AAPL) announcement this morning it will offer a $2.65 per share dividend per quarter, and initiate $10 billion of stock buybacks starting in the December-ending fiscal first quarter.
Apple shares are up $11.39, or 2%, at $597.
Portfolio manager Barton Biggs was on Bloomberg...
Apple: Piper, Baird, Mizuho See Dividend Bringing New Investors
Apple (AAPL) shares are up $8.84, or 1.5%, at $594.41 after the company this morning announced a quarterly dividend of $2.65 per share, to commence in its fiscal Q4 ending September, and a three-year program of buybacks totaling $10 billion. The company held a conference call at 9 am, Eastern, this morning to discuss the...
Apple cash goes on… a buyback *and* a dividend
*APPLE REPORTS PLANS TO INITIATE DIV-SHARE BUYBACK PROGRAM*APPLE PLANS TO INITIATE A QTRLY DIV OF $2.65-SHR SHARE IN 4Q*APPLE AUTHORIZED A $10B SHARE BUYBACK PROGRAMAnd Apple...
Apple Closes Above $600 Post Dividend Announcement
Apple (AAPL) this morning announced it will initiate a quarterly dividend of $2.65 in its fiscal Q4, which ends in September, and its board approved a $10 billion share repurchase program, to begin next fiscal year and being enacted over the course of three years. The shares closed the day up $15.53, or 2.7%, at...
Apple Halted; Baird, Wedbush Join 700 Club
As we roll towards Apple‘s (AAPL) press conference at 9 am, Eastern time this morning, when the company will unveil what it has concluded from discussions of its uses of cash, the price target revisions continue to roll in. Apple shares have been halted ahead of the conference call. R.W. Baird‘s William Power and Wedbush...
Apple: UBS Strategists See ‘True Growth’ Earning Premium P/E Over Time
Reports continue to stream in regarding Apple’s (AAPL) press conference to be held this morning at 9 am, Eastern time. UBS Securities’s equity strategy team, including Jonathan Golub, this morning offer some context on Apple’s size and impact on the landscape. Despite Apple’s size and rapid growth, Golub and company find the firm is “unspectacular”...
