Investors sold shares of Apple Inc. (NASDAQ:AAPL) on strength during trading on Friday. $482.47 million flowed into the stock on the tick-up and $581.20 million flowed out of the stock on the tick-down, for a money net flow of $98.73 million out of the stock. Of all stocks tracked, Apple had the 0th highest net out-flow for the day. Apple traded up $1.00 for the day and closed at $107.73

Several brokerages have recently weighed in on AAPL. Robert W. Baird reissued a “buy” rating on shares of Apple in a research report on Thursday, June 2nd. Piper Jaffray Cos. reissued a “buy” rating and set a $153.00 price target on shares of Apple in a research report on Wednesday, June 8th. Goldman Sachs Group Inc. set a $136.00 price target on shares of Apple and gave the company a “buy” rating in a research report on Tuesday, May 17th. Nomura reissued a “buy” rating and set a $120.00 price target on shares of Apple in a research report on Monday, May 23rd. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Apple in a research report on Friday, August 5th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $124.84.

The stock has a market cap of $580.50 billion and a P/E ratio of 12.56. The company’s 50 day moving average price is $105.36 and its 200 day moving average price is $101.29.

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

The business also recently declared 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. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $2.28 annualized dividend and a dividend yield of 2.12%.

In related news, SVP Angela J. Ahrendts sold 35,797 shares of the stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $100.00, for a total value of $3,579,700.00. Following the completion of the sale, the senior vice president now directly owns 105,839 shares in the company, valued at $10,583,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Angela J. Ahrendts sold 25,000 shares of the stock in a transaction on Monday, July 18th. The shares were sold at an average price of $100.00, for a total value of $2,500,000.00. Following the completion of the sale, the senior vice president now owns 105,839 shares of the company’s stock, valued at $10,583,900. The disclosure for this sale can be found here.

A number of hedge funds recently bought and sold shares of AAPL. Genesee Valley Trust Co. increased its stake in Apple by 5.5% in the fourth quarter. Genesee Valley Trust Co. now owns 17,223 shares of the iPhone maker’s stock worth $1,813,000 after buying an additional 898 shares during the last quarter. TrimTabs Asset Management LLC increased its stake in Apple by 1.9% in the fourth quarter. TrimTabs Asset Management LLC now owns 19,930 shares of the iPhone maker’s stock worth $2,098,000 after buying an additional 372 shares during the last quarter. Pettyjohn Wood & White Inc. increased its stake in Apple by 0.4% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 25,285 shares of the iPhone maker’s stock worth $2,661,000 after buying an additional 105 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in Apple by 0.9% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 26,428 shares of the iPhone maker’s stock worth $2,783,000 after buying an additional 238 shares during the last quarter. Finally, Homrich & Berg increased its stake in Apple by 10.8% in the fourth quarter. Homrich & Berg now owns 45,732 shares of the iPhone maker’s stock worth $4,814,000 after buying an additional 4,476 shares during 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.