Traders sold shares of Apple Inc. (NASDAQ:AAPL) on strength during trading hours on Wednesday after an insider sold shares in the company. $373.48 million flowed into the stock on the tick-up and $429.17 million flowed out of the stock on the tick-down, for a money net flow of $55.69 million out of the stock. Of all companies tracked, Apple had the 0th highest net out-flow for the day. Apple traded up $0.05 for the day and closed at $113.05Specifically, SVP Angela J. Ahrendts sold 25,000 shares of the company’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $100.00, for a total transaction of $2,500,000.00. Following the transaction, the senior vice president now directly owns 105,839 shares in the company, valued at $10,583,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy D. Cook sold 334,000 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $107.23, for a total transaction of $35,814,820.00. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.

AAPL has been the topic of several recent analyst reports. Macquarie restated an “outperform” rating and set a $112.00 target price on shares of Apple in a research report on Thursday, June 9th. Credit Suisse Group AG restated an “outperform” rating and set a $150.00 target price on shares of Apple in a research report on Thursday, June 9th. Pacific Crest restated a “buy” rating and set a $123.00 target price on shares of Apple in a research report on Friday, June 10th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Apple in a research report on Friday, June 10th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $125.00 price target on shares of Apple in a research report on Tuesday, June 14th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, forty-one have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $126.13.

The company has a market capitalization of $613.69 billion, a price-to-earnings ratio of 13.28 and a beta of 1.22. The stock has a 50 day moving average of $110.22 and a 200 day moving average of $103.18.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.04. Apple had a return on equity of 37.89% and a net margin of 21.70%. The business had revenue of $42.36 billion for the quarter, compared to analyst estimates of $42.35 billion. During the same period last year, the company earned $1.85 EPS. Apple’s revenue for the quarter was down 14.6% compared to the same quarter last year. Analysts forecast that Apple Inc. will post $8.26 EPS for the current fiscal year.

Several large investors have recently modified their holdings of AAPL. Cordasco Financial Network raised its stake in shares of Apple by 0.4% in the second quarter. Cordasco Financial Network now owns 3,353 shares of the iPhone maker’s stock worth $321,000 after buying an additional 12 shares in the last quarter. Cidel Asset Management Inc. raised its stake in shares of Apple by 0.3% in the second quarter. Cidel Asset Management Inc. now owns 4,186 shares of the iPhone maker’s stock worth $400,000 after buying an additional 13 shares in the last quarter. Boston Standard Wealth Management LLC raised its stake in shares of Apple by 0.6% in the second quarter. Boston Standard Wealth Management LLC now owns 2,280 shares of the iPhone maker’s stock worth $218,000 after buying an additional 14 shares in the last quarter. Lbmc Investment Advisors LLC raised its stake in shares of Apple by 0.3% in the second quarter. Lbmc Investment Advisors LLC now owns 5,110 shares of the iPhone maker’s stock worth $489,000 after buying an additional 15 shares in the last quarter. Finally, Summit Financial Strategies Inc. raised its stake in shares of Apple by 0.3% in the second quarter. Summit Financial Strategies Inc. now owns 6,533 shares of the iPhone maker’s stock worth $625,000 after buying an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 56.46% of the company’s stock.

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.

5 Day Chart for NASDAQ:AAPL

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