Supplemental Annuity Collective Trust of NJ Cuts Stake in Apple Inc. (AAPL)

Supplemental Annuity Collective Trust of NJ lowered its position in Apple Inc. (NASDAQ:AAPL) by 11.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,000 shares of the iPhone maker’s stock after selling 6,000 shares during the period. Apple makes up about 3.2% of Supplemental Annuity Collective Trust of NJ’s investment portfolio, making the stock its biggest position. Supplemental Annuity Collective Trust of NJ’s holdings in Apple were worth $7,398,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc. grew its holdings in Apple by 0.6% during the 2nd quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after buying an additional 834,854 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Apple by 15.0% during the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after purchasing an additional 3,845,363 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Apple by 3.0% during the second quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock worth $3,759,849,000 after purchasing an additional 771,046 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Apple by 301.3% during the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after purchasing an additional 15,018,790 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Apple by 1.5% during the second quarter. Swiss National Bank now owns 19,169,416 shares of the iPhone maker’s stock worth $2,760,779,000 after purchasing an additional 275,400 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Apple Inc. (AAPL) traded up $0.46 during trading hours on Wednesday, reaching $167.43. The company’s stock had a trading volume of 32,227,850 shares, compared to its average volume of 29,410,000. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. Apple Inc. has a one year low of $120.62 and a one year high of $180.10. The stock has a market capitalization of $859,640.00, a price-to-earnings ratio of 18.22, a PEG ratio of 1.36 and a beta of 1.23.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $1.50 earnings per share. research analysts predict that Apple Inc. will post 11.17 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on AAPL shares. Royal Bank of Canada restated an “outperform” rating and set a $180.00 price objective on shares of Apple in a report on Tuesday, October 3rd. Robert W. Baird restated a “buy” rating and set a $175.00 price objective (up previously from $172.00) on shares of Apple in a report on Wednesday, October 4th. Vetr cut Apple from a “strong-buy” rating to a “buy” rating and set a $173.47 price objective on the stock. in a report on Friday, October 6th. UBS Group restated a “buy” rating and set a $180.00 price objective on shares of Apple in a report on Monday, October 9th. Finally, Drexel Hamilton restated a “buy” rating and set a $208.00 price objective on shares of Apple in a report on Monday, October 9th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $201.25.

In other news, SVP Johny Srouji sold 5,760 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the completion of the sale, the senior vice president now directly owns 81,560 shares in the company, valued at $14,224,064. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total value of $2,695,726.35. Following the sale, the insider now owns 39,682 shares of the company’s stock, valued at $6,839,192.70. The disclosure for this sale can be found here. Insiders have sold 128,412 shares of company stock valued at $22,115,155 over the last 90 days. Insiders own 0.06% of the company’s stock.

WARNING: “Supplemental Annuity Collective Trust of NJ Cuts Stake in Apple Inc. (AAPL)” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/01/31/apple-inc-aapl-is-supplemental-annuity-collective-trust-of-njs-largest-position.html.

Apple 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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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