Investors bought shares of Apple Inc. (NASDAQ:AAPL) on weakness during trading hours on Thursday. $1,304.59 million flowed into the stock on the tick-up and $988.14 million flowed out of the stock on the tick-down, for a money net flow of $316.45 million into the stock. Of all stocks tracked, Apple had the 2nd highest net in-flow for the day. Apple traded down ($2.90) for the day and closed at $150.56

Several analysts recently commented on the stock. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $150.00 price objective on shares of Apple in a research report on Wednesday, April 12th. UBS AG set a $151.00 price objective on shares of Apple and gave the company a “buy” rating in a research report on Tuesday, April 4th. Raymond James Financial, Inc. reissued an “outperform” rating and set a $159.00 price objective (up from $152.00) on shares of Apple in a research report on Monday, April 3rd. Rosenblatt Securities reissued a “neutral” rating and set a $120.00 price objective on shares of Apple in a research report on Monday, April 17th. Finally, FBN Securities increased their price objective on shares of Apple from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, May 4th. Twelve analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. Apple currently has an average rating of “Buy” and an average price target of $160.86.

The company has a market capitalization of $785.00 billion, a P/E ratio of 17.66 and a beta of 1.31. The firm has a 50-day moving average price of $147.21 and a 200-day moving average price of $141.54.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.08. The business had revenue of $52.90 billion during the quarter, compared to analyst estimates of $52.61 billion. Apple had a return on equity of 35.09% and a net margin of 20.74%. Equities analysts anticipate that Apple Inc. will post $8.89 EPS for the current year.

Apple announced that its board has authorized a stock repurchase program on Tuesday, May 2nd that authorizes the company to buyback $50.00 billion in shares. This buyback authorization authorizes the iPhone maker to repurchase up to 6.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

In other news, insider Luca Maestri sold 4,757 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $154.70, for a total transaction of $735,907.90. Following the completion of the sale, the insider now directly owns 3,414 shares of the company’s stock, valued at approximately $528,145.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Angela J. Ahrendts sold 75,000 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $147.98, for a total value of $11,098,500.00. Following the sale, the insider now directly owns 154,116 shares of the company’s stock, valued at $22,806,085.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 373,000 shares of company stock valued at $56,497,046. Corporate insiders own 0.08% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Birmingham Capital Management Co. Inc. AL raised its stake in Apple by 1.9% in the second quarter. Birmingham Capital Management Co. Inc. AL now owns 6,639 shares of the iPhone maker’s stock valued at $956,000 after buying an additional 125 shares in the last quarter. Lockheed Martin Investment Management Co. raised its stake in Apple by 26.7% in the second quarter. Lockheed Martin Investment Management Co. now owns 191,240 shares of the iPhone maker’s stock valued at $27,542,000 after buying an additional 40,300 shares in the last quarter. Lyell Wealth Management LP raised its stake in Apple by 7.7% in the second quarter. Lyell Wealth Management LP now owns 29,948 shares of the iPhone maker’s stock valued at $4,313,000 after buying an additional 2,150 shares in the last quarter. Lee Financial Co raised its stake in Apple by 4.5% in the second quarter. Lee Financial Co now owns 20,335 shares of the iPhone maker’s stock valued at $2,929,000 after buying an additional 868 shares in the last quarter. Finally, Lourd Capital LLC raised its stake in Apple by 4.1% in the second quarter. Lourd Capital LLC now owns 34,297 shares of the iPhone maker’s stock valued at $4,939,000 after buying an additional 1,366 shares in the last quarter. 61.23% of the stock is owned by institutional investors and hedge funds.

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Apple Company Profile

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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