Market Update (NASDAQ:AAPL): Why Tim Cook Can’t Make Buffett’s $1.1 Billion Apple Bet Pay Off

[at Forbes] – Should you follow Warren Buffett into Apple? I suppose you could ask the same question about his bet on IBM. And the answer to both is No! (I have no financial interest in the companies mentioned in this post). Before getting into the reasons for that conclusion, let’s review Buffett’s views on investing Read more on this. Apple Inc. (AAPL) , valued at $513.56B, opened this morning at $94.67. Looking at the stock, its one day range is $93.44 to $94.70 with the price of the stock fluctuating between $89.47 to $132.97 over the last 52 weeks. Priced at 11.34x this year’s forecasted earnings, AAPL shares are relatively expensive compared to the industry’s 10.52x forward p/e ratio. And for income investors, the company pays shareholders $2.28 per share annually in dividends, yielding 2.52%. According to a consensus of 36 analysts, the earnings estimate of $1.40 per share would be $0.45 worse than the year-ago quarter and a $0.37 sequential decrease. The full-year EPS estimate is $8.28, which would be a $0.94 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $42.18 Billion. If realized, that would be a 14.96% decrease over the year-ago quarter. Recently, Needham Initiated AAPL at Strong Buy (Apr 6, 2016). Previously, Cowen upgraded AAPL from Market Perform to Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $126.25, which is 33.36% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Company Update: Apple Inc (NASDAQ:AAPL) – Apple CEO Tim Cook Ends Stock Slide With Reassuring TV Appearance Stock Update: Apple Inc (NASDAQ:AAPL) – Will Qualcomm Lose Out on Apple’s iPhone? (QCOM, AAPL) Company Update: Apple Inc (NASDAQ:AAPL) – Apple Paid $1 Billion By Google For Default Search Status