Company Update: Apple Inc (NASDAQ:AAPL) – Apple Names Jeff Williams Chief Operating Officer

[Business Wire] – Apple® today announced that Jeff Williams has been named chief operating officer and Johny Srouji is joining Apple’s executive team as senior vice president for Hardware Technologies. Read more on this. Apple Inc. (AAPL) , valued at $617.80B, opened this morning at $112.05. During the trading session, AAPL traded between $110.62 to $112.25 and has traded between $92.00 and $134.54 over the past 12 months. Apple (AAPL) shares are currently priced at 11.38x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.48x earnings multiple for the same period. The company pays shareholders $2.08 per share annually in dividends, yielding 1.85%. Consensus earnings for the current quarter by the 40 sell-side analysts covering the stock is an estimate of $3.25 per share, which would be $0.19 better than the year-ago quarter and a $0.07 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $9.78, which would be a $0.56 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $77.15 Billion. If realized, that would be a 3.42% increase over the year-ago quarter. More recently, Wells Fargo upgraded AAPL from Market Perform to Outperform (Aug 25, 2015). Previously, BofA/Merrill downgraded AAPL from Buy to Neutral. The average price target for AAPL shares is $149.05, which is 33.02% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Company Update: Apple Inc (NASDAQ:AAPL) – Analyst: ‘The Apple way is now the Microsoft way, too’ Stock Update: Apple Inc (NASDAQ:AAPL) – Apple Brings Apple Music, iTunes Movies & iBooks to Customers in China Starting Today Company Update: Apple Inc (NASDAQ:AAPL) – Apple’s Key Weaknesses