New Mexico Educational Retirement Board Sells 8,100 Shares of Apple (AAPL)

New Mexico Educational Retirement Board cut its position in Apple (NASDAQ:AAPL) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 476,566 shares of the iPhone maker’s stock after selling 8,100 shares during the quarter. Apple comprises 3.5% of New Mexico Educational Retirement Board’s investment portfolio, making the stock its biggest position. New Mexico Educational Retirement Board’s holdings in Apple were worth $73,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Berkshire Hathaway Inc. increased its holdings in shares of Apple by 0.6% in the 2nd quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock worth $18,750,246,000 after buying an additional 834,854 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Apple by 15.0% in the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after buying an additional 3,845,363 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Apple by 1.1% in the 3rd quarter. Legal & General Group Plc now owns 26,393,202 shares of the iPhone maker’s stock worth $4,067,559,000 after buying an additional 287,027 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Apple by 9.3% in the 3rd quarter. Janus Henderson Group PLC now owns 21,854,159 shares of the iPhone maker’s stock worth $3,367,571,000 after buying an additional 1,850,572 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Apple by 0.4% in the 3rd quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock worth $2,966,581,000 after buying an additional 79,100 shares during the last quarter. Institutional investors and hedge funds own 61.35% of the company’s stock.

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Shares of AAPL stock traded down $4.42 during mid-day trading on Friday, hitting $168.38. The company had a trading volume of 35,005,290 shares, compared to its average volume of 32,409,626. Apple has a 52-week low of $140.06 and a 52-week high of $183.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. The company has a market capitalization of $854,362.38, a PE ratio of 18.28, a price-to-earnings-growth ratio of 1.28 and a beta of 1.25.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, topping the consensus estimate of $3.82 by $0.07. Apple had a net margin of 21.13% and a return on equity of 37.37%. The firm had revenue of $88.29 billion for the quarter, compared to the consensus estimate of $87.62 billion. During the same quarter in the previous year, the firm earned $3.36 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. research analysts predict that Apple will post 11.37 EPS for the current fiscal year.

In other Apple news, SVP Daniel J. Riccio sold 17,375 shares of the business’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $169.12, for a total transaction of $2,938,460.00. Following the transaction, the senior vice president now owns 66,191 shares in the company, valued at $11,194,221.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip W. Schiller sold 69,491 shares of the business’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $166.42, for a total transaction of $11,564,692.22. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.

Several equities analysts recently commented on the stock. Vetr lowered shares of Apple from a “strong-buy” rating to a “buy” rating and set a $187.18 target price on the stock. in a report on Wednesday, February 14th. Zacks Investment Research raised shares of Apple from a “hold” rating to a “buy” rating and set a $197.00 target price on the stock in a report on Thursday, January 18th. Rosenblatt Securities reaffirmed a “buy” rating and set a $180.00 target price on shares of Apple in a report on Friday, March 16th. Piper Jaffray reaffirmed a “buy” rating and set a $200.00 target price on shares of Apple in a report on Tuesday, January 2nd. Finally, Goldman Sachs assumed coverage on shares of Apple in a report on Wednesday, February 7th. They set a “neutral” rating and a $161.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Apple presently has an average rating of “Buy” and an average target price of $202.52.

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About Apple

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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