Investors sold shares of Apple Inc. (NASDAQ:AAPL) on strength during trading on Tuesday. $970.53 million flowed into the stock on the tick-up and $1,010.50 million flowed out of the stock on the tick-down, for a money net flow of $39.97 million out of the stock. Of all stocks tracked, Apple had the 0th highest net out-flow for the day. Apple traded up $1.40 for the day and closed at $222.19

Several brokerages recently issued reports on AAPL. BTIG Research upgraded Apple to a “buy” rating and raised their price objective for the stock from $207.00 to $235.00 in a research note on Wednesday, August 1st. Macquarie set a $214.00 price objective on Apple and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Morgan Stanley restated a “buy” rating and set a $232.00 price objective on shares of Apple in a research note on Wednesday, August 22nd. S&P Equity Research raised their price objective on Apple to $250.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Finally, UBS Group began coverage on Apple in a research note on Wednesday, September 12th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $220.14.

The company has a debt-to-equity ratio of 0.84, a current ratio of 1.31 and a quick ratio of 1.24. The stock has a market capitalization of $1,092.09 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 1.95 and a beta of 1.33.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.16. The company had revenue of $53.27 billion for the quarter, compared to analyst estimates of $52.43 billion. Apple had a return on equity of 43.50% and a net margin of 21.98%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the company earned $1.67 earnings per share. research analysts predict that Apple Inc. will post 11.76 EPS for the current fiscal year.

In other news, CEO Timothy D. Cook sold 265,160 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $217.79, for a total transaction of $57,749,196.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 15,652 shares of the firm’s stock in a transaction on Monday, July 9th. The shares were sold at an average price of $190.18, for a total value of $2,976,697.36. Following the transaction, the chief operating officer now directly owns 125,258 shares in the company, valued at $23,821,566.44. The disclosure for this sale can be found here. Insiders have sold 378,400 shares of company stock worth $81,052,754 over the last three months. Corporate insiders own 0.08% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of AAPL. PICTET BANK & TRUST Ltd grew its holdings in Apple by 0.5% during the second quarter. PICTET BANK & TRUST Ltd now owns 45,134 shares of the iPhone maker’s stock worth $8,355,000 after acquiring an additional 240 shares during the period. Somerset Group LLC grew its holdings in Apple by 2.4% during the second quarter. Somerset Group LLC now owns 10,683 shares of the iPhone maker’s stock worth $1,978,000 after acquiring an additional 249 shares during the period. Wsfs Capital Management LLC grew its holdings in Apple by 2.0% during the second quarter. Wsfs Capital Management LLC now owns 13,051 shares of the iPhone maker’s stock worth $2,416,000 after acquiring an additional 260 shares during the period. Investment Partners LTD. grew its holdings in Apple by 4.9% during the second quarter. Investment Partners LTD. now owns 5,594 shares of the iPhone maker’s stock worth $1,036,000 after acquiring an additional 263 shares during the period. Finally, Keating Investment Counselors Inc. grew its holdings in Apple by 8.2% during the second quarter. Keating Investment Counselors Inc. now owns 3,511 shares of the iPhone maker’s stock worth $650,000 after acquiring an additional 266 shares during the period. 58.54% of the stock is currently owned by institutional investors.

About Apple (NASDAQ:AAPL)

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

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