Traders sold shares of Apple Inc. (NASDAQ:AAPL) on strength during trading on Wednesday. $740.95 million flowed into the stock on the tick-up and $1,005.17 million flowed out of the stock on the tick-down, for a money net flow of $264.22 million out of the stock. Of all stocks tracked, Apple had the 0th highest net out-flow for the day. Apple traded up $0.57 for the day and closed at $172.27

Several equities research analysts have issued reports on the stock. Vetr upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $166.96 price objective for the company in a research report on Thursday, August 17th. UBS restated a “buy” rating and set a $180.00 price objective on shares of Apple in a research report on Tuesday, September 12th. Nomura set a $185.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Monday, September 25th. KeyCorp upgraded shares of Apple from a “sector weight” rating to an “overweight” rating and raised their price objective for the stock from $173.75 to $187.00 in a research report on Monday, October 16th. Finally, Royal Bank of Canada lifted their price target on shares of Apple from $180.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $197.57.

The firm has a market cap of $884,487.94, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. During the same quarter in the prior year, the business earned $1.50 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. analysts expect that Apple Inc. will post 11.18 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, November 10th. This represents a $2.52 annualized dividend and a dividend yield of 1.46%. Apple’s dividend payout ratio is currently 27.39%.

In other Apple news, 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 value of $1,004,544.00. Following the completion of the sale, the senior vice president now directly owns 81,560 shares of the company’s stock, valued at approximately $14,224,064. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philip W. Schiller sold 56,808 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total transaction of $8,788,197.60. The disclosure for this sale can be found here. Insiders have sold 232,967 shares of company stock worth $37,944,683 in the last quarter. Company insiders own 0.08% of the company’s stock.

A number of hedge funds have recently modified their holdings of AAPL. Parametric Portfolio Associates LLC lifted its stake in shares of Apple by 4.1% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 12,109,070 shares of the iPhone maker’s stock valued at $1,866,250,000 after buying an additional 479,466 shares in the last quarter. Vista Private Wealth Partners. LLC purchased a new stake in shares of Apple during the 3rd quarter valued at approximately $329,000. Sage Capital Advisors llc lifted its stake in shares of Apple by 58.0% during the 3rd quarter. Sage Capital Advisors llc now owns 27,157 shares of the iPhone maker’s stock valued at $4,185,000 after buying an additional 9,972 shares in the last quarter. Shelton Capital Management lifted its stake in shares of Apple by 2.3% during the 3rd quarter. Shelton Capital Management now owns 437,397 shares of the iPhone maker’s stock valued at $67,412,000 after buying an additional 9,758 shares in the last quarter. Finally, Burgundy Asset Management Ltd. lifted its stake in shares of Apple by 0.3% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 1,062,892 shares of the iPhone maker’s stock valued at $163,813,000 after buying an additional 2,830 shares in the last quarter. 59.78% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/12/15/investors-sell-shares-of-apple-aapl-on-strength-aapl.html.

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.

Receive News & Stock Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related stocks with our FREE daily email newsletter.