The net money flow till latest update was calculated at $328.54 million with an inflow of $1806.61 million in upticks and an outflow of $1478.07 million in downticks. Of all companies tracked, Apple had the 2nd highest net in-flow for the day. (NASDAQ:AAPL) is still in the middle of transformational, super cycle with the Apple Watch, its new product category in five years. The stock has an average rating of “Buy” and a consensus target price of $138.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Daniel J. Ahrendts sold 37,897 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The total value of transaction was $3,102,871. The disclosure for this sale can be found here. 19 analysts have added the shares in their list of strong buys. Analysts at Piper Jaffray raised their price target on shares of Apple from $162.00 to $172.00 and gave the company an “overweight” rating in a research note on Wednesday. Analysts at Deutsche Bank reiterated a hold rating on shares of Apple in a research note on Tuesday.
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LifeLock, Inc. (LOCK) was downgraded from “Outperform” to “Sector Perform” and the price target was cut to $11 from $20 at RBC Capital Markets implying about 14% expected downside from the stock’s current price. The stock pierced its 50-day line and fell to support at its 200-day moving average as it continues to work on a cup-with-handle base with a 49.64 buy point. One announcement that the investment world was keeping a close eye on was Apple (AAPL – Analyst Report), which announced its Q3 earnings after the bell. The iPhone maker reported $1.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.81 by $0.04.
LOCK shares have gained $1.33 to $9.48 in midday trading on Wednesday, giving it a market cap of roughly $894 million. The company’s quarterly revenue was up 32.5% on a year-over-year basis.
On valuation measures, Apple Inc. stock it’s trading at a forward P/E multiple of 12.75x, and at a multiple of 15.52x this year’s estimated earnings.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.66%.
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Stocks fell in higher volume Wednesday, dragged down by disappointing earnings reports from market heavyweights Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT). The Company’s products include operating systems for personal computers (PCs), servers, phones, and other intelligent devices; server applications for distributed computing environments; productivity applications; business solution applications; desktop and server management tools; software development tools; video games, and online advertising.
