Traders Sell Apple (AAPL) on Strength (AAPL)

Investors sold shares of Apple Inc. (NASDAQ:AAPL) on strength during trading hours on Thursday. $1,035.27 million flowed into the stock on the tick-up and $1,257.03 million flowed out of the stock on the tick-down, for a money net flow of $221.76 million out of the stock. Of all stocks tracked, Apple had the 0th highest net out-flow for the day. Apple traded up $1.43 for the day and closed at $172.50

Several research firms have recently weighed in on AAPL. BidaskClub raised Apple from a “sell” rating to a “hold” rating in a report on Saturday, February 17th. Raymond James Financial reissued a “market perform” rating on shares of Apple in a report on Friday, February 16th. BMO Capital Markets downgraded Apple from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $162.00 to $166.00 in a report on Wednesday, January 31st. Morningstar set a $170.00 price objective on Apple and gave the company a “neutral” rating in a report on Friday, February 2nd. Finally, Sanford C. Bernstein set a $195.00 price objective on Apple and gave the company a “buy” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Apple has a consensus rating of “Buy” and a consensus price target of $201.64.

The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $905,980.00, a PE ratio of 17.17, a P/E/G ratio of 1.30 and a beta of 1.33.

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

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

In other Apple news, insider Eduardo H. Cue sold 65,361 shares of Apple stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $169.69, for a total value of $2,654,121.29. Following the completion of the sale, the insider now owns 17,341 shares of the company’s stock, valued at approximately $2,942,594.29. 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 in the last 90 days. 0.08% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Blue Sky Asset Management LLC acquired a new position in shares of Apple in the 2nd quarter valued at about $108,000. University of Texas Investment Managment Co. acquired a new position in shares of Apple in the 4th quarter valued at about $114,000. FNY Managed Accounts LLC lifted its stake in shares of Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 716 shares in the last quarter. Private Vista LLC acquired a new position in shares of Apple in the 2nd quarter valued at about $122,000. Finally, Armbruster Capital Management Inc. lifted its stake in shares of Apple by 9.4% in the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after purchasing an additional 78 shares in the last quarter. Institutional investors own 59.70% of the company’s stock.

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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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