Investors purchased shares of Apple Inc. (NASDAQ:AAPL) on weakness during trading on Thursday. $647.15 million flowed into the stock on the tick-up and $587.59 million flowed out of the stock on the tick-down, for a money net flow of $59.56 million into the stock. Of all stocks tracked, Apple had the 11th highest net in-flow for the day. Apple traded down ($1.37) for the day and closed at $158.28

AAPL has been the topic of a number of research analyst reports. Drexel Hamilton restated a “buy” rating and issued a $202.00 price target on shares of Apple in a research note on Thursday, July 6th. Barclays PLC restated a “hold” rating and issued a $146.00 price target on shares of Apple in a research note on Monday, September 4th. Instinet restated a “buy” rating and issued a $165.00 price target on shares of Apple in a research note on Wednesday, July 5th. Royal Bank Of Canada restated an “outperform” rating and issued a $180.00 price target on shares of Apple in a research note on Monday. Finally, Morgan Stanley restated an “overweight” rating and issued a $182.00 price target on shares of Apple in a research note on Tuesday. Eleven research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Apple has an average rating of “Buy” and an average target price of $187.63.

The stock has a 50-day moving average of $158.37 and a 200 day moving average of $149.12. The stock has a market cap of $817.14 billion, a price-to-earnings ratio of 17.96 and a beta of 1.27.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The firm had revenue of $45.41 billion for the quarter, compared to the consensus estimate of $44.94 billion. During the same quarter in the prior year, the business earned $1.42 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. Equities analysts anticipate that Apple Inc. will post $9.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were paid a $0.63 dividend. The ex-dividend date was Thursday, August 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.59%. Apple’s payout ratio is 28.64%.

In other news, insider Daniel J. Riccio sold 11,949 shares of the company’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $142.86, for a total value of $1,707,034.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Johny Srouji sold 5,892 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $161.00, for a total value of $948,612.00. Following the completion of the sale, the insider now owns 70,358 shares in the company, valued at approximately $11,327,638. The disclosure for this sale can be found here. Insiders sold 432,930 shares of company stock worth $69,008,577 in the last 90 days. Company insiders own 0.08% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of AAPL. Vantage Financial Partners Ltd. Inc. purchased a new position in Apple during the second quarter worth approximately $400,000. Blue Sky Asset Management LLC purchased a new position in Apple during the second quarter worth approximately $108,000. FNY Managed Accounts LLC boosted its position in Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 716 shares in the last quarter. Hefty Wealth Partners boosted its position in Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 174 shares in the last quarter. Finally, American Beacon Advisors Inc. purchased a new position in Apple during the first quarter worth approximately $117,000. Hedge funds and other institutional investors own 60.45% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Traders Buy Shares of Apple Inc. (AAPL) on Weakness” was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/09/14/traders-buy-shares-of-apple-inc-aapl-on-weakness-2.html.

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.

Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with MarketBeat.com's FREE daily email newsletter.