Investors Sell Shares of Apple (AAPL) on Strength (AAPL)
Investors sold shares of Apple Inc. (NASDAQ:AAPL) on strength during trading on Tuesday. $1,181.36 million flowed into the stock on the tick-up and $1,498.03 million flowed out of the stock on the tick-down, for a money net flow of $316.67 million out of the stock. Of all companies tracked, Apple had the 33rd highest net out-flow for the day. Apple traded up $2.01 for the day and closed at $180.91
AAPL has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of Apple from $180.00 to $185.00 in a report on Wednesday, January 30th. Robert W. Baird reissued a “buy” rating and set a $230.00 price objective on shares of Apple in a report on Monday, November 19th. Royal Bank of Canada reissued a “buy” rating and set a $240.00 price objective on shares of Apple in a report on Monday, November 19th. Loop Capital decreased their price objective on shares of Apple to $225.00 and set a “buy” rating for the company in a report on Monday, November 26th. Finally, Canaccord Genuity decreased their price target on shares of Apple from $250.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, November 29th. One research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $193.19.
The stock has a market cap of $889.20 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 1.85 and a beta of 1.13. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.79.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Investors of record on Monday, February 11th were given a $0.73 dividend. The ex-dividend date of this dividend was Friday, February 8th. This represents a $2.92 annualized dividend and a yield of 1.59%. Apple’s dividend payout ratio is presently 24.52%.
In related news, Director Arthur D. Levinson sold 1,521 shares of Apple stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $167.71, for a total value of $255,086.91. Following the sale, the director now directly owns 1,134,804 shares in the company, valued at approximately $190,317,978.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.05% of the company’s stock.
A number of large investors have recently modified their holdings of AAPL. Semmax Financial Advisors Inc. bought a new stake in shares of Apple during the 4th quarter worth about $50,000. Portfolio Solutions LLC bought a new stake in shares of Apple during the 4th quarter worth about $76,000. Contravisory Investment Management Inc. raised its position in shares of Apple by 30.6% during the 4th quarter. Contravisory Investment Management Inc. now owns 614 shares of the iPhone maker’s stock worth $97,000 after buying an additional 144 shares in the last quarter. Truehand Inc bought a new stake in shares of Apple during the 4th quarter worth about $108,000. Finally, INR Advisory Services LLC bought a new stake in shares of Apple during the 4th quarter worth about $124,000. Hedge funds and other institutional investors own 56.40% of the company’s stock.
About Apple (NASDAQ:AAPL)
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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