Investors sold shares of Apple Inc. (NASDAQ:AAPL) on strength during trading hours on Wednesday. $445.10 million flowed into the stock on the tick-up and $589.26 million flowed out of the stock on the tick-down, for a money net flow of $144.16 million out of the stock. Of all stocks tracked, Apple had the 0th highest net out-flow for the day. Apple traded up $1.31 for the day and closed at $105.79

AAPL has been the topic of a number of research reports. Credit Agricole SA reaffirmed a “buy” rating and issued a $128.00 price target on shares of Apple in a research note on Thursday, April 14th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $105.00 price target on shares of Apple in a research note on Thursday, April 14th. BTIG Research cut their price target on shares of Apple from $141.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, April 7th. Raymond James Financial Inc. reaffirmed a “market perform” rating on shares of Apple in a research note on Tuesday, April 12th. Finally, Piper Jaffray Cos. reaffirmed a “buy” rating and issued a $172.00 price target on shares of Apple in a research note on Tuesday, April 12th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $126.12.

The stock has a 50 day moving average price of $97.98 and a 200 day moving average price of $99.52. The firm has a market capitalization of $570.04 billion and a PE ratio of 12.34.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. The company earned $42.36 billion during the quarter, compared to analysts’ expectations of $42.35 billion. Apple’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter last year, the company earned $1.85 earnings per share. On average, equities research analysts anticipate that Apple Inc. will post $8.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 11th. Stockholders 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 2.16%.

In related news, SVP D Bruce Sewell sold 103,300 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $96.78, for a total value of $9,997,374.00. Following the transaction, the senior vice president now directly owns 239,432 shares in the company, valued at $23,172,228.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Johny Srouji sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $99.75, for a total value of $798,000.00. Following the completion of the transaction, the senior vice president now owns 116,460 shares in the company, valued at $11,616,885. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have added to or reduced their stakes in the stock. Vaughan David Investments Inc. IL boosted its position 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 position 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 position 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. Hudock Capital Group LLC boosted its position 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. Finally, Security National Bank of SO Dak boosted its position in Apple by 3.5% in the fourth quarter. Security National Bank of SO Dak now owns 12,278 shares of the iPhone maker’s stock worth $1,292,000 after buying an additional 415 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.