Investors bought shares of Apple Inc. (NASDAQ:AAPL) on weakness during trading hours on Friday. $1,811.52 million flowed into the stock on the tick-up and $719.10 million flowed out of the stock on the tick-down, for a money net flow of $1,092.42 million into the stock. Of all stocks tracked, Apple had the highest net in-flow for the day. Apple traded down ($0.80) for the day and closed at $178.46
A number of research analysts have weighed in on the company. Nomura set a $185.00 price objective on Apple and gave the company a “buy” rating in a report on Monday, September 25th. KeyCorp upgraded Apple from a “sector weight” rating to an “overweight” rating and raised their price objective for the company from $173.75 to $187.00 in a report on Monday, October 16th. Longbow Research lowered Apple from a “buy” rating to a “neutral” rating in a report on Wednesday. Zacks Investment Research lowered Apple from a “buy” rating to a “hold” rating in a report on Friday. Finally, Sanford C. Bernstein restated a “buy” rating and issued a $175.00 price objective on shares of Apple in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $200.59.
The firm has a market cap of $916,270.00, a price-to-earnings ratio of 19.42, a PEG ratio of 1.44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28.
In other Apple news, SVP Johny Srouji sold 5,760 shares of Apple stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total value of $1,004,544.00. Following the completion of the transaction, the senior vice president now directly owns 81,560 shares of the company’s stock, valued at approximately $14,224,064. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total value of $2,695,726.35. Following the completion of the transaction, the insider now directly owns 39,682 shares of the company’s stock, valued at $6,839,192.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,412 shares of company stock worth $22,115,155. 0.08% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAPL. Plancorp LLC grew its position in shares of Apple by 27.2% during the fourth quarter. Plancorp LLC now owns 18,183 shares of the iPhone maker’s stock worth $3,082,000 after buying an additional 3,890 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Apple by 516.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 36,018 shares of the iPhone maker’s stock worth $6,378,000 after buying an additional 30,178 shares in the last quarter. Ingalls & Snyder LLC acquired a new position in shares of Apple during the fourth quarter worth about $29,116,000. Stokes & Hubbell Capital Management LLC grew its position in shares of Apple by 7.9% during the fourth quarter. Stokes & Hubbell Capital Management LLC now owns 70,698 shares of the iPhone maker’s stock worth $11,964,000 after buying an additional 5,197 shares in the last quarter. Finally, TRUE Private Wealth Advisors grew its position in shares of Apple by 73.4% during the fourth quarter. TRUE Private Wealth Advisors now owns 44,669 shares of the iPhone maker’s stock worth $7,559,000 after buying an additional 18,906 shares in the last quarter. 60.19% of the stock is owned by institutional investors.
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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