4 Tech Stock Stories for Weekend Download
Apple (NASDAQ:AAPL): Current price $449.89
After a meeting with Chief Financial Officer Peter Oppenheimer of Apple, Morgan Stanley’s Katy Huberty is convinced that the firm is likely to hike its current 2.3 percent dividend and should also boost its stock repurchases. More specifically, Huberty wrote that, “Our analysis suggests Apple can match the S&P IT sector’s average free cash flow payout of 68 percent if it returns $28 billion in fiscal year 2013, implying a 6 percent total yield. High mix of international cash limited flexibility in the past and raising low-interest debt can help address this issue, in our view.”
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