Traders purchased shares of Apple Inc. (NASDAQ:AAPL) on weakness during trading hours on Tuesday. $615.91 million flowed into the stock on the tick-up and $563.87 million flowed out of the stock on the tick-down, for a money net flow of $52.04 million into the stock. Of all companies tracked, Apple had the 5th highest net in-flow for the day. Apple traded down ($0.10) for the day and closed at $109.38

AAPL has been the subject of a number of research reports. Piper Jaffray Cos. reissued an “overweight” rating and set a $153.00 price target on shares of Apple in a research report on Tuesday, July 26th. Needham & Company LLC reissued a “buy” rating and set a $150.00 price target on shares of Apple in a research report on Wednesday, July 20th. Sanford C. Bernstein lowered their price target on Apple from $135.00 to $125.00 and set an “outperform” rating for the company in a research report on Monday, July 18th. Vetr downgraded Apple from a “hold” rating to a “sell” rating and set a $105.47 price target for the company. in a research report on Monday. Finally, Wells Fargo & Co. reissued an “outperform” rating and set a $120.00 price target on shares of Apple in a research report on Wednesday, August 3rd. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $126.24.

The company’s 50-day moving average price is $101.27 and its 200 day moving average price is $100.23. The company has a market cap of $589.39 billion and a price-to-earnings ratio of 12.75.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. During the same quarter in the previous year, the business posted $1.85 earnings per share. The company earned $42.36 billion during the quarter, compared to analyst estimates of $42.35 billion. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. Equities research analysts forecast that Apple Inc. will post $8.26 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 8th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, August 4th.

In other news, SVP Johny Srouji sold 8,000 shares of Apple stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $99.75, for a total transaction of $798,000.00. Following the completion of the transaction, the senior vice president now directly owns 116,460 shares in the company, valued at $11,616,885. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arthur D. Levinson sold 70,000 shares of Apple stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $108.68, for a total transaction of $7,607,600.00. Following the transaction, the director now owns 1,203,283 shares of the company’s stock, valued at $130,772,796.44. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have modified their holdings of AAPL. Farr Miller & Washington LLC DC boosted its position in shares of Apple by 9.7% in the fourth quarter. Farr Miller & Washington LLC DC now owns 50,144 shares of the iPhone maker’s stock worth $5,278,000 after buying an additional 4,423 shares in the last quarter. Frontier Investment Mgmt Co. boosted its position in shares of Apple by 10.9% in the fourth quarter. Frontier Investment Mgmt Co. now owns 274,515 shares of the iPhone maker’s stock worth $28,883,000 after buying an additional 27,055 shares in the last quarter. King Luther Capital Management Corp boosted its position in shares of Apple by 0.5% in the fourth quarter. King Luther Capital Management Corp now owns 2,434,972 shares of the iPhone maker’s stock worth $256,305,000 after buying an additional 11,997 shares in the last quarter. Gyroscope Capital Management Group LLC boosted its position in shares of Apple by 2.0% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 19,000 shares of the iPhone maker’s stock worth $2,000,000 after buying an additional 371 shares in the last quarter. Finally, Calvert Investment Management Inc. boosted its position in shares of Apple by 1.9% in the fourth quarter. Calvert Investment Management Inc. now owns 727,444 shares of the iPhone maker’s stock worth $76,571,000 after buying an additional 13,752 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.

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