Texas Permanent School Fund Has $237.20 Million Stake in Apple (AAPL)

Texas Permanent School Fund decreased its position in Apple (NASDAQ:AAPL) by 2.1% in the 4th quarter, HoldingsChannel reports. The fund owned 1,401,614 shares of the iPhone maker’s stock after selling 29,826 shares during the period. Apple makes up 3.0% of Texas Permanent School Fund’s investment portfolio, making the stock its largest position. Texas Permanent School Fund’s holdings in Apple were worth $237,195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in AAPL. Jarislowsky Fraser Ltd boosted its position in Apple by 22.4% during the 3rd quarter. Jarislowsky Fraser Ltd now owns 22,515 shares of the iPhone maker’s stock worth $3,470,000 after acquiring an additional 4,118 shares during the period. Ramsay Stattman Vela & Price Inc. boosted its position in Apple by 3.3% during the 3rd quarter. Ramsay Stattman Vela & Price Inc. now owns 52,013 shares of the iPhone maker’s stock worth $8,016,000 after acquiring an additional 1,668 shares during the period. Mizuho Securities USA LLC acquired a new position in Apple during the 3rd quarter worth $2,359,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Apple by 1.7% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,234,364 shares of the iPhone maker’s stock worth $190,240,000 after acquiring an additional 20,689 shares during the period. Finally, Shelton Capital Management boosted its position in Apple by 2.3% during the 3rd quarter. Shelton Capital Management now owns 437,397 shares of the iPhone maker’s stock worth $67,412,000 after acquiring an additional 9,758 shares during the period. Institutional investors and hedge funds own 61.35% of the company’s stock.

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A number of research analysts have issued reports on the company. Vetr lowered Apple from a “strong-buy” rating to a “buy” rating and set a $187.18 price target for the company. in a research report on Wednesday, February 14th. Zacks Investment Research upgraded Apple from a “hold” rating to a “buy” rating and set a $197.00 price target for the company in a research report on Thursday, January 18th. Rosenblatt Securities reiterated a “buy” rating and set a $180.00 price target on shares of Apple in a research report on Friday, March 16th. Monness Crespi & Hardt assumed coverage on Apple in a research report on Wednesday, April 11th. They set a “buy” rating and a $235.00 price target for the company. Finally, Piper Jaffray reiterated a “buy” rating and set a $200.00 price target on shares of Apple in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $203.21.

In other news, SVP Daniel J. Riccio sold 17,375 shares of the company’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $169.12, for a total transaction of $2,938,460.00. Following the completion of the sale, the senior vice president now owns 66,191 shares in the company, valued at approximately $11,194,221.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Philip W. Schiller sold 69,491 shares of the company’s stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $166.42, for a total value of $11,564,692.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,988 shares of company stock valued at $21,336,201. 0.08% of the stock is currently owned by corporate insiders.

AAPL opened at $177.84 on Thursday. The stock has a market cap of $904,392.13, a PE ratio of 19.31, a P/E/G ratio of 1.35 and a beta of 1.25. Apple has a 52-week low of $140.45 and a 52-week high of $183.50. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74.

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

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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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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