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.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.17 by $0.01. The firm had revenue of $84.31 billion for the quarter, compared to the consensus estimate of $84.07 billion. Apple had a net margin of 22.72% and a return on equity of 50.92%. As a group, sell-side analysts expect that Apple Inc. will post 11.38 EPS for the current year.

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.

COPYRIGHT VIOLATION NOTICE: This news story was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The legal version of this news story can be viewed at https://theolympiareport.com/2019/03/14/investors-sell-shares-of-apple-aapl-on-strength-aapl-4.html.

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.

Featured Article: What are trading strategies for the 52-week high/low?

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.