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

Traders sold shares of Apple Inc. (NASDAQ:AAPL) on strength during trading hours on Thursday. $733.58 million flowed into the stock on the tick-up and $960.81 million flowed out of the stock on the tick-down, for a money net flow of $227.23 million out of the stock. Of all companies tracked, Apple had the highest net out-flow for the day. Apple traded up $0.31 for the day and closed at $169.32

A number of equities research analysts recently weighed in on the company. Nomura set a $185.00 price target on Apple and gave the stock a “buy” rating in a report on Monday, November 27th. UBS set a $190.00 price target on Apple and gave the stock a “buy” rating in a report on Monday, November 27th. Vetr cut Apple from a “buy” rating to a “hold” rating and set a $178.70 price target on the stock. in a report on Thursday, November 23rd. Wells Fargo & Company restated a “market perform” rating and issued a $195.00 price target on shares of Apple in a report on Tuesday, November 14th. Finally, Argus upped their price target on Apple from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Seven investment analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and a consensus price target of $200.27.

The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. The company has a market cap of $872,060.00, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.20. The business had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm earned $1.50 earnings per share. sell-side analysts anticipate that Apple Inc. will post 11.18 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were paid a $0.63 dividend. The ex-dividend date was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a yield of 1.49%. Apple’s dividend payout ratio (DPR) is 27.42%.

In related 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Johny Srouji sold 10,368 shares of Apple stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $174.68, for a total value of $1,811,082.24. Following the completion of the transaction, the insider now owns 81,560 shares of the company’s stock, valued at $14,246,900.80. The disclosure for this sale can be found here. Insiders sold 217,326 shares of company stock valued at $35,290,561 over the last quarter. Insiders own 0.08% of the company’s stock.

Large investors have recently bought and sold shares of the stock. LaFleur & Godfrey LLC acquired a new position in Apple in the first quarter valued at approximately $28,234,000. Verity & Verity LLC raised its holdings in shares of Apple by 4.3% during the first quarter. Verity & Verity LLC now owns 59,562 shares of the iPhone maker’s stock valued at $8,557,000 after buying an additional 2,471 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Apple by 23.2% during the first quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock valued at $1,334,527,000 after buying an additional 1,749,797 shares during the last quarter. Orca Investment Management LLC raised its holdings in shares of Apple by 78.2% during the first quarter. Orca Investment Management LLC now owns 25,033 shares of the iPhone maker’s stock valued at $3,596,000 after buying an additional 10,986 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI raised its holdings in shares of Apple by 2.8% during the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 75,432 shares of the iPhone maker’s stock valued at $10,837,000 after buying an additional 2,065 shares during the last quarter. Institutional investors and hedge funds own 59.56% 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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