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

Traders sold shares of Apple Inc. (NASDAQ:AAPL) on strength during trading hours on Thursday. $614.15 million flowed into the stock on the tick-up and $891.58 million flowed out of the stock on the tick-down, for a money net flow of $277.43 million out of the stock. Of all companies tracked, Apple had the 0th highest net out-flow for the day. Apple traded up $0.80 for the day and closed at $173.03

A number of analysts have weighed in on AAPL shares. Drexel Hamilton restated a “buy” rating and issued a $208.00 price target on shares of Apple in a research note on Tuesday, October 24th. Citigroup restated a “buy” rating and issued a $200.00 price target on shares of Apple in a research note on Wednesday, December 13th. Piper Jaffray Companies restated a “buy” rating and issued a $200.00 price target (up from $196.00) on shares of Apple in a research note on Tuesday, October 31st. Barclays set a $146.00 price target on Apple and gave the company a “neutral” rating in a research note on Wednesday, September 13th. Finally, Vetr cut Apple from a “buy” rating to a “hold” rating and set a $171.48 price target on the stock. in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $198.70.

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 firm has a market capitalization of $908,730.00, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23.

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

In other Apple news, insider Eduardo H. Cue sold 65,361 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were 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 can be accessed through this hyperlink. Also, SVP Johny Srouji sold 5,760 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total transaction 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 $14,224,064. The disclosure for this sale can be found here. Over the last three months, insiders sold 112,771 shares of company stock valued at $19,381,421. 0.08% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Blue Sky Asset Management LLC acquired a new stake in shares of Apple in the 2nd quarter valued at about $108,000. Hefty Wealth Partners raised its stake in shares of Apple by 27.6% in the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 174 shares in the last quarter. FNY Managed Accounts LLC raised its stake in Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 716 shares during the period. Private Vista LLC acquired a new stake in Apple during the second quarter worth about $122,000. Finally, Armbruster Capital Management Inc. raised its stake in Apple by 9.4% during the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after acquiring an additional 78 shares during the period. Institutional investors and hedge funds own 59.61% 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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