Investors Sell Apple (AAPL) on Strength (AAPL)

Traders sold shares of Apple Inc. (NASDAQ:AAPL) on strength during trading hours on Friday. $1,051.11 million flowed into the stock on the tick-up and $2,885.68 million flowed out of the stock on the tick-down, for a money net flow of $1,834.57 million out of the stock. Of all stocks tracked, Apple had the highest net out-flow for the day. Apple traded up $2.39 for the day and closed at $186.12

Several equities research analysts recently commented on AAPL shares. Wedbush upgraded Apple to an “outperform” rating and cut their target price for the company from $310.00 to $275.00 in a research report on Wednesday, November 28th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $228.00 target price on Apple and gave the company a “buy” rating in a research report on Wednesday, January 30th. Goldman Sachs Group set a $140.00 target price on Apple and gave the company a “neutral” rating in a research report on Tuesday, February 12th. Bank of America upgraded Apple from a “neutral” rating to a “buy” rating and upped their target price for the company from $180.00 to $210.00 in a research report on Monday. They noted that the move was a valuation call. Finally, Morgan Stanley restated an “overweight” rating and set a $236.00 target price (down previously from $253.00) on shares of Apple in a research report on Friday, December 7th. One analyst has rated the stock with a sell rating, twenty-three have given a hold rating and twenty-three have given a buy rating to the company. Apple presently has a consensus rating of “Hold” and an average target price of $193.19.

The firm has a market capitalization of $889.20 billion, a PE ratio of 15.63, a P/E/G ratio of 1.85 and a beta of 1.13. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.25.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.17 by $0.01. The business had revenue of $84.31 billion for the quarter, compared to analyst estimates of $84.07 billion. Apple had a return on equity of 50.92% and a net margin of 22.72%. Equities analysts expect that Apple Inc. will post 11.38 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Monday, February 11th were issued a $0.73 dividend. The ex-dividend date of this dividend was Friday, February 8th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.57%. Apple’s dividend payout ratio is presently 24.52%.

In other news, Director Arthur D. Levinson sold 1,521 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $167.71, for a total value of $255,086.91. Following the transaction, the director now owns 1,134,804 shares in the company, valued at $190,317,978.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of AAPL. Lyell Wealth Management LP increased its position in shares of Apple by 4.5% during the second quarter. Lyell Wealth Management LP now owns 33,784 shares of the iPhone maker’s stock valued at $6,254,000 after acquiring an additional 1,442 shares during the last quarter. RB Capital Management LLC increased its position in shares of Apple by 2.3% during the second quarter. RB Capital Management LLC now owns 51,074 shares of the iPhone maker’s stock valued at $9,454,000 after acquiring an additional 1,143 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Apple by 34.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 39,070 shares of the iPhone maker’s stock valued at $7,439,000 after acquiring an additional 10,067 shares during the last quarter. First National Trust Co increased its position in shares of Apple by 0.8% during the second quarter. First National Trust Co now owns 115,365 shares of the iPhone maker’s stock valued at $21,355,000 after acquiring an additional 907 shares during the last quarter. Finally, Winthrop Partners WNY LLC increased its position in shares of Apple by 5.0% during the second quarter. Winthrop Partners WNY LLC now owns 8,637 shares of the iPhone maker’s stock valued at $1,599,000 after acquiring an additional 415 shares during the last quarter. Institutional investors own 56.40% of the company’s stock.

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Apple Company Profile (NASDAQ:AAPL)

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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