Strs Ohio cut its holdings in Apple (NASDAQ:AAPL) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,220,194 shares of the iPhone maker’s stock after selling 187,834 shares during the quarter. Apple comprises 3.1% of Strs Ohio’s portfolio, making the stock its largest position. Strs Ohio’s holdings in Apple were worth $714,183,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Capital Research Global Investors raised its holdings in Apple by 15.0% in 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 period. Legal & General Group Plc raised its holdings in Apple by 1.1% in the third quarter. Legal & General Group Plc now owns 26,393,202 shares of the iPhone maker’s stock worth $4,067,559,000 after purchasing an additional 287,027 shares during the period. Janus Henderson Group PLC raised its holdings in Apple by 9.3% in the third quarter. Janus Henderson Group PLC now owns 21,854,159 shares of the iPhone maker’s stock worth $3,367,571,000 after purchasing an additional 1,850,572 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Apple by 3.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 19,262,302 shares of the iPhone maker’s stock worth $3,259,868,000 after purchasing an additional 570,279 shares during the period. Finally, Swiss National Bank raised its holdings in Apple by 0.4% in the third quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock worth $2,966,581,000 after purchasing an additional 79,100 shares during the period. 61.35% of the stock is currently owned by hedge funds and other institutional investors.
In other Apple news, SVP Daniel J. Riccio sold 17,375 shares of Apple stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $169.12, for a total value of $2,938,460.00. Following the sale, the senior vice president now directly owns 66,191 shares in the company, valued at approximately $11,194,221.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Philip W. Schiller sold 69,491 shares of Apple 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. Insiders sold a total of 125,988 shares of company stock worth $21,336,201 over the last quarter. Company insiders own 0.06% of the company’s stock.
Several research firms have weighed in on AAPL. Nomura reiterated a “neutral” rating and issued a $175.00 target price on shares of Apple in a report on Monday, March 19th. BidaskClub lowered shares of Apple from a “hold” rating to a “sell” rating in a report on Friday, January 26th. BMO Capital Markets lowered shares of Apple from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $162.00 to $166.00 in a report on Wednesday, January 31st. William Blair reiterated an “outperform” rating on shares of Apple in a report on Friday, February 2nd. Finally, Bank of America reiterated an “outperform” rating and issued a $220.00 target price on shares of Apple in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $203.21.
Shares of AAPL stock opened at $178.24 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. Apple has a 1 year low of $140.45 and a 1 year high of $183.50. The firm has a market capitalization of $892,113.06, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $87.62 billion. During the same period in the previous year, the business earned $3.36 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. research analysts expect that Apple will post 11.37 EPS for the current year.
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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.
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