Investors Buy Shares of Apple (AAPL) on Weakness

Traders bought shares of Apple Inc. (NASDAQ:AAPL) on weakness during trading on Monday. $1,689.61 million flowed into the stock on the tick-up and $1,636.49 million flowed out of the stock on the tick-down, for a money net flow of $53.12 million into the stock. Of all equities tracked, Apple had the 10th highest net in-flow for the day. Apple traded down ($0.56) for the day and closed at $172.43

A number of analysts have weighed in on the company. Zacks Investment Research cut Apple from a “buy” rating to a “hold” rating in a research report on Friday, January 19th. Mizuho reaffirmed a “neutral” rating and set a $175.00 price objective (up from $160.00) on shares of Apple in a research report on Friday, January 19th. Barclays set a $174.00 price objective on Apple and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Bank of America cut Apple from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $180.00 to $220.00 in a research report on Wednesday, January 17th. Finally, Atlantic Securities cut Apple from an “overweight” rating to a “neutral” rating and raised their price target for the company from $177.35 to $190.00 in a report on Monday, January 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $201.64.

The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20. The stock has a market cap of $874,910.00, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.30 and a beta of 1.33.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.82 by $0.07. The company had revenue of $88.29 billion during the quarter, compared to the consensus estimate of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. Apple’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.36 earnings per share. equities analysts predict that Apple Inc. will post 11.46 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.46%. The ex-dividend date was Friday, February 9th. Apple’s payout ratio is 24.66%.

In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the completion of the transaction, the insider now owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Johny Srouji sold 10,368 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $174.68, for a total value of $1,811,082.24. Following the transaction, the insider now directly owns 81,560 shares of the company’s stock, valued at approximately $14,246,900.80. The disclosure for this sale can be found here. Insiders have sold 112,771 shares of company stock valued at $19,419,429 in the last three months. 0.06% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in AAPL. YHB Investment Advisors Inc. boosted its holdings in Apple by 7.6% in the second quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock valued at $19,614,000 after acquiring an additional 9,663 shares during the last quarter. Lederer & Associates Investment Counsel CA boosted its holdings in Apple by 2.1% in the second quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock valued at $5,377,000 after acquiring an additional 779 shares during the last quarter. Jarislowsky Fraser Ltd boosted its holdings in Apple by 22.4% in the third quarter. Jarislowsky Fraser Ltd now owns 22,515 shares of the iPhone maker’s stock valued at $3,470,000 after acquiring an additional 4,118 shares during the last quarter. Empirical Financial Services LLC boosted its holdings in Apple by 23.9% in the second quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock valued at $3,105,000 after acquiring an additional 4,154 shares during the last quarter. Finally, Carnick & Kubik Group LLC boosted its holdings in Apple by 14.4% in the second quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock valued at $2,987,000 after acquiring an additional 2,612 shares during the last quarter. 59.70% of the stock is owned by institutional investors.

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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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