Investors Sell Shares of Apple Inc. (AAPL) on Strength (AAPL)

Traders sold shares of Apple Inc. (NASDAQ:AAPL) on strength during trading hours on Tuesday. $1,215.69 million flowed into the stock on the tick-up and $1,486.59 million flowed out of the stock on the tick-down, for a money net flow of $270.90 million out of the stock. Of all stocks tracked, Apple had the highest net out-flow for the day. Apple traded up $2.32 for the day and closed at $169.04

AAPL has been the subject of several recent research reports. Oppenheimer Holdings, Inc. reiterated a “” rating on shares of Apple in a research report on Thursday, August 10th. Nomura reiterated a “buy” rating and set a $165.00 price target on shares of Apple in a research report on Wednesday, July 5th. Instinet reiterated a “buy” rating and set a $165.00 price target on shares of Apple in a research report on Wednesday, July 5th. Citigroup Inc. reiterated a “buy” rating and set a $160.00 price target on shares of Apple in a research report on Tuesday, July 4th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $180.00 price target on shares of Apple in a research report on Monday, July 10th. Eight equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company’s stock. Apple has an average rating of “Buy” and a consensus price target of $193.36.

The stock has a 50 day moving average price of $156.87 and a 200 day moving average price of $152.95. The firm has a market cap of $873.13 billion, a price-to-earnings ratio of 19.19 and a beta of 1.27.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. The firm had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. Apple’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 earnings per share. On average, equities research analysts predict that Apple Inc. will post $9.00 EPS for the current year.

In other Apple news, CEO Timothy D. Cook sold 268,623 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Insiders have sold 541,177 shares of company stock valued at $85,864,804 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in AAPL. Guild Investment Management Inc. boosted its holdings in Apple by 192.2% during the first quarter. Guild Investment Management Inc. now owns 14,305 shares of the iPhone maker’s stock valued at $2,056,000 after acquiring an additional 9,410 shares during the period. American National Bank boosted its holdings in Apple by 1.0% during the first quarter. American National Bank now owns 50,802 shares of the iPhone maker’s stock valued at $7,301,000 after acquiring an additional 527 shares during the period. Atria Investments LLC boosted its holdings in Apple by 10.1% during the first quarter. Atria Investments LLC now owns 108,790 shares of the iPhone maker’s stock valued at $15,629,000 after acquiring an additional 9,971 shares during the period. Integrated Wealth Management boosted its holdings in Apple by 4.8% during the first quarter. Integrated Wealth Management now owns 67,469 shares of the iPhone maker’s stock valued at $9,692,000 after acquiring an additional 3,083 shares during the period. Finally, First National Bank & Trust Co. of Newtown boosted its holdings in Apple by 1.2% during the first quarter. First National Bank & Trust Co. of Newtown now owns 54,394 shares of the iPhone maker’s stock valued at $7,814,000 after acquiring an additional 626 shares during the period. Institutional investors own 60.33% of the company’s stock.

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About Apple

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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