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 equities 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

AAPL has been the topic of several analyst reports. Citigroup Inc. restated a “buy” rating and issued a $115.00 price objective on shares of Apple in a report on Wednesday, July 6th. Piper Jaffray Cos. restated an “overweight” rating and issued a $153.00 price objective on shares of Apple in a report on Tuesday, July 26th. Cowen and Company restated an “outperform” rating and issued a $125.00 price objective on shares of Apple in a report on Thursday, July 28th. Sanford C. Bernstein restated a “buy” rating and issued a $135.00 price objective on shares of Apple in a report on Tuesday, June 14th. Finally, Goldman Sachs Group Inc. restated a “buy” rating and issued a $124.00 price objective on shares of Apple in a report on Tuesday, July 26th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $124.84.

The company has a market capitalization of $580.50 billion and a PE ratio of 12.56. The company’s 50 day moving average is $105.36 and its 200-day moving average is $101.29.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, July 26th. The iPhone maker reported $1.42 EPS for the quarter, beating the consensus estimate of $1.38 by $0.04. During the same period last year, the business earned $1.85 earnings per share. The company earned $42.36 billion during the quarter, compared to analysts’ expectations of $42.35 billion. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. On average, analysts predict that Apple Inc. will post $8.26 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Shareholders of record on Monday, August 8th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Thursday, August 4th.

In other Apple news, SVP Angela J. Ahrendts sold 35,797 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 105,839 shares of the company’s stock, valued at $10,583,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Angela J. Ahrendts sold 25,000 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 105,839 shares in the company, valued at $10,583,900. The disclosure for this sale can be found here.

Several hedge funds have made changes to their positions in the stock. Pettyjohn Wood & White Inc. increased its stake in shares of Apple by 0.4% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 25,285 shares of the iPhone maker’s stock valued at $2,661,000 after buying an additional 105 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in shares of Apple by 0.9% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 26,428 shares of the iPhone maker’s stock valued at $2,783,000 after buying an additional 238 shares in the last quarter. TrimTabs Asset Management LLC increased its stake in shares of Apple by 1.9% in the fourth quarter. TrimTabs Asset Management LLC now owns 19,930 shares of the iPhone maker’s stock valued at $2,098,000 after buying an additional 372 shares in the last quarter. Marco Investment Management LLC increased its stake in shares of Apple by 0.5% in the fourth quarter. Marco Investment Management LLC now owns 168,300 shares of the iPhone maker’s stock valued at $17,715,000 after buying an additional 827 shares in the last quarter. Finally, Genesee Valley Trust Co. increased its stake in shares of Apple by 5.5% in the fourth quarter. Genesee Valley Trust Co. now owns 17,223 shares of the iPhone maker’s stock valued at $1,813,000 after buying an additional 898 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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