Traders bought shares of Apple Inc. (NASDAQ:AAPL) on weakness during trading hours on Friday. $667.12 million flowed into the stock on the tick-up and $471.89 million flowed out of the stock on the tick-down, for a money net flow of $195.23 million into the stock. Of all equities tracked, Apple had the 2nd highest net in-flow for the day. Apple traded down ($0.13) for the day and closed at $104.21

AAPL has been the subject of several recent research reports. Vetr raised Apple and set a $100.00 price target for the company in a research note on Thursday, July 14th. Credit Suisse Group AG reissued an “average” rating and issued a $93.49 price target (down previously from $150.00) on shares of Apple in a research note on Wednesday, May 18th. Pacific Crest reaffirmed a “buy” rating on shares of Apple in a research note on Monday, April 11th. Mizuho reaffirmed a “buy” rating and set a $120.00 target price on shares of Apple in a research note on Monday, April 11th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $200.00 target price on shares of Apple in a research note on Monday, April 11th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $124.76.

The firm has a market capitalization of $561.53 billion and a price-to-earnings ratio of 12.15. The stock has a 50 day moving average price of $97.33 and a 200 day moving average price of $99.36.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, July 26th. The iPhone maker reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. The firm earned $42.36 billion during the quarter, compared to analyst estimates of $42.35 billion. The company’s revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the company posted $1.85 EPS. Equities research analysts expect that Apple Inc. will post $8.28 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 11th. Shareholders of record on Monday, August 8th will be given a $0.57 dividend. The ex-dividend date of this dividend is Thursday, August 4th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.19%.

In other Apple news, SVP D Bruce Sewell sold 103,300 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $96.78, for a total value of $9,997,374.00. Following the completion of the transaction, the senior vice president now owns 239,432 shares in the company, valued at $23,172,228.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Angela J. Ahrendts sold 50,000 shares of the company’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $100.00, for a total transaction of $5,000,000.00. Following the completion of the transaction, the senior vice president now owns 147,971 shares of the company’s stock, valued at approximately $14,797,100. The disclosure for this sale can be found here.

Several hedge funds recently added to or reduced their stakes in AAPL. Hartford Financial Management Inc. boosted its stake in Apple by 9.4% in the fourth quarter. Hartford Financial Management Inc. now owns 10,203 shares of the iPhone maker’s stock worth $1,074,000 after buying an additional 880 shares in the last quarter. Vaughan David Investments Inc. IL boosted its stake in Apple by 4.9% in the fourth quarter. Vaughan David Investments Inc. IL now owns 10,241 shares of the iPhone maker’s stock worth $1,078,000 after buying an additional 474 shares in the last quarter. Rockland Trust Co. boosted its stake in Apple by 2.3% in the fourth quarter. Rockland Trust Co. now owns 10,751 shares of the iPhone maker’s stock worth $1,132,000 after buying an additional 239 shares in the last quarter. Enterprise Financial Services Corp boosted its stake in Apple by 19.2% in the fourth quarter. Enterprise Financial Services Corp now owns 10,941 shares of the iPhone maker’s stock worth $1,152,000 after buying an additional 1,762 shares in the last quarter. Finally, Hudock Capital Group LLC boosted its stake in Apple by 1.8% in the fourth quarter. Hudock Capital Group LLC now owns 11,956 shares of the iPhone maker’s stock worth $1,258,000 after buying an additional 216 shares in the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.