California Public Employees Retirement System Buys 2,382,156 Shares of Apple Inc. (NASDAQ:AAPL)

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California Public Employees Retirement System raised its stake in Apple Inc. (NASDAQ:AAPL) by 28.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,844,434 shares of the iPhone maker’s stock after buying an additional 2,382,156 shares during the quarter. Apple accounts for about 2.4% of California Public Employees Retirement System’s portfolio, making the stock its 2nd largest position. California Public Employees Retirement System owned approximately 0.24% of Apple worth $2,428,828,000 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. Elwood & Goetz Wealth Advisory Group LLC grew its holdings in shares of Apple by 3.1% during the third quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,628 shares of the iPhone maker’s stock worth $365,000 after buying an additional 49 shares in the last quarter. Roanoke Asset Management Corp NY grew its holdings in shares of Apple by 1.1% during the second quarter. Roanoke Asset Management Corp NY now owns 4,412 shares of the iPhone maker’s stock worth $873,000 after buying an additional 50 shares in the last quarter. Marquette Asset Management LLC grew its holdings in shares of Apple by 1.4% during the third quarter. Marquette Asset Management LLC now owns 3,556 shares of the iPhone maker’s stock worth $796,000 after buying an additional 50 shares in the last quarter. Guardian Life Insurance Co. of America grew its holdings in shares of Apple by 0.4% during the second quarter. Guardian Life Insurance Co. of America now owns 12,970 shares of the iPhone maker’s stock worth $2,567,000 after buying an additional 51 shares in the last quarter. Finally, Chase Investment Counsel Corp grew its holdings in shares of Apple by 2.9% during the third quarter. Chase Investment Counsel Corp now owns 1,822 shares of the iPhone maker’s stock worth $408,000 after buying an additional 52 shares in the last quarter. 58.61% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Arthur D. Levinson sold 37,394 shares of Apple stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $257.79, for a total value of $9,639,799.26. Following the transaction, the director now owns 1,170,677 shares in the company, valued at approximately $301,788,823.83. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Arthur D. Levinson sold 17,500 shares of Apple stock in a transaction on Monday, August 12th. The shares were sold at an average price of $201.69, for a total value of $3,529,575.00. Following the completion of the transaction, the director now owns 1,150,783 shares in the company, valued at approximately $232,101,423.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 465,658 shares of company stock worth $100,549,205. Corporate insiders own 0.05% of the company’s stock.

AAPL opened at $260.14 on Friday. The business has a 50 day moving average of $235.37 and a 200-day moving average of $209.53. Apple Inc. has a 12-month low of $142.00 and a 12-month high of $260.44. The company has a quick ratio of 1.50, a current ratio of 1.54 and a debt-to-equity ratio of 1.01. The stock has a market cap of $1,142.50 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 1.83 and a beta of 1.25.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Wednesday, October 30th. The iPhone maker reported $3.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.19. Apple had a return on equity of 53.82% and a net margin of 21.24%. The company had revenue of $64.04 billion for the quarter, compared to analyst estimates of $62.86 billion. During the same quarter last year, the company posted $2.91 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, analysts expect that Apple Inc. will post 13.17 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $3.08 annualized dividend and a dividend yield of 1.18%. Apple’s payout ratio is 25.90%.

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. reiterated a “buy” rating and set a price objective on shares of Apple in a report on Thursday, October 31st. Goldman Sachs Group set a $192.00 price objective on Apple and gave the stock a “neutral” rating in a report on Wednesday. Monness Crespi & Hardt increased their price objective on Apple from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. ValuEngine downgraded Apple from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Finally, Zacks Investment Research downgraded Apple from a “hold” rating to a “sell” rating and set a $248.00 price objective for the company. in a report on Monday, October 14th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Apple presently has an average rating of “Hold” and a consensus target price of $239.51.

Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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