Traders Sell Shares of Apple (AAPL) on Strength (AAPL)

Traders sold shares of Apple Inc. (NASDAQ:AAPL) on strength during trading on Friday. $1,080.83 million flowed into the stock on the tick-up and $1,280.29 million flowed out of the stock on the tick-down, for a money net flow of $199.46 million out of the stock. Of all companies tracked, Apple had the 0th highest net out-flow for the day. Apple traded up $3.00 for the day and closed at $175.50

A number of brokerages have recently issued reports on AAPL. BidaskClub downgraded Apple from a “hold” rating to a “sell” rating in a report on Friday, January 26th. BMO Capital Markets downgraded Apple from an “outperform” rating to a “market perform” rating and upped their price target for the company from $162.00 to $166.00 in a report on Wednesday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Apple in a report on Friday, February 2nd. Bank of America reaffirmed an “outperform” rating and set a $220.00 price target on shares of Apple in a report on Thursday, February 8th. Finally, Vetr downgraded Apple from a “buy” rating to a “hold” rating and set a $171.48 price target on the stock. in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the stock. Apple has a consensus rating of “Buy” and an average target price of $201.64.

The firm has a market cap of $890,490.00, a P/E ratio of 17.17, a PEG ratio of 1.32 and a beta of 1.33. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.82 by $0.07. The business had revenue of $88.29 billion during the quarter, compared to analyst estimates of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the company earned $3.36 EPS. equities research analysts anticipate that Apple Inc. will post 11.43 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Friday, February 9th. Apple’s payout ratio is 24.66%.

In other news, insider Eduardo H. Cue sold 65,361 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total value of $11,215,947.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the completion of the sale, the insider now directly owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The disclosure for this sale can be found here. Insiders sold a total of 96,643 shares of company stock valued at $16,603,803 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Large investors have recently bought and sold shares of the company. YHB Investment Advisors Inc. increased its holdings in Apple by 7.6% during the 2nd quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock worth $19,614,000 after purchasing an additional 9,663 shares during the period. Jarislowsky Fraser Ltd increased its holdings in Apple by 22.4% during the 3rd quarter. Jarislowsky Fraser Ltd now owns 22,515 shares of the iPhone maker’s stock worth $3,470,000 after purchasing an additional 4,118 shares during the period. Empirical Financial Services LLC increased its holdings in Apple by 23.9% during the 2nd quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock worth $3,105,000 after purchasing an additional 4,154 shares during the period. Carnick & Kubik Group LLC increased its holdings in Apple by 14.4% during the 2nd quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock worth $2,987,000 after purchasing an additional 2,612 shares during the period. Finally, GenTrust LLC increased its holdings in Apple by 1,022.9% during the 2nd quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock worth $4,942,000 after purchasing an additional 31,259 shares during the period. 59.70% of the stock is owned by institutional investors and hedge funds.

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Apple Company Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

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