Public Employees Retirement System of Ohio Decreases Position in Apple Inc. (NASDAQ:AAPL)

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Public Employees Retirement System of Ohio decreased its position in Apple Inc. (NASDAQ:AAPL) by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,895,368 shares of the iPhone maker’s stock after selling 289,295 shares during the period. Apple accounts for 3.1% of Public Employees Retirement System of Ohio’s portfolio, making the stock its 2nd largest position. Public Employees Retirement System of Ohio owned 0.06% of Apple worth $573,051,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AAPL. Charles Schwab Investment Management Inc. boosted its holdings in Apple by 0.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 20,240,790 shares of the iPhone maker’s stock worth $4,006,058,000 after buying an additional 161,912 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Apple by 4.1% during the second quarter. Fisher Asset Management LLC now owns 13,738,592 shares of the iPhone maker’s stock worth $2,719,142,000 after buying an additional 546,597 shares during the last quarter. State Farm Mutual Automobile Insurance Co. boosted its holdings in Apple by 3.3% during the second quarter. State Farm Mutual Automobile Insurance Co. now owns 10,345,163 shares of the iPhone maker’s stock worth $2,047,514,000 after buying an additional 334,165 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in Apple by 4.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 10,155,585 shares of the iPhone maker’s stock worth $1,929,054,000 after buying an additional 414,856 shares during the last quarter. Finally, Thoroughbred Financial Services LLC boosted its holdings in Apple by 19,949.3% during the second quarter. Thoroughbred Financial Services LLC now owns 10,055,128 shares of the iPhone maker’s stock worth $1,005,513,000 after buying an additional 10,004,976 shares during the last quarter. Institutional investors and hedge funds own 58.63% of the company’s stock.

AAPL has been the topic of a number of research analyst reports. UBS Group set a $235.00 price target on Apple and gave the stock a “buy” rating in a research report on Friday, August 16th. DZ Bank reaffirmed a “neutral” rating on shares of Apple in a research report on Wednesday, September 11th. Nomura raised their price target on Apple from $180.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Goldman Sachs Group dropped their price target on Apple from $187.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Finally, Raymond James raised Apple from a “market perform” rating to an “outperform” rating and set a $250.00 price target on the stock in a research report on Thursday, July 18th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $218.08.

In other Apple news, Director Arthur D. Levinson sold 17,500 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $214.02, for a total transaction of $3,745,350.00. Following the transaction, the director now owns 1,150,783 shares of the company’s stock, valued at approximately $246,290,577.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 265,160 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $206.17, for a total value of $54,668,037.20. The disclosure for this sale can be found here. In the last three months, insiders sold 304,536 shares of company stock worth $62,894,611. 0.05% of the stock is owned by insiders.

Apple stock traded down $3.23 during midday trading on Friday, reaching $217.73. The stock had a trading volume of 32,105,176 shares, compared to its average volume of 25,118,448. The firm’s fifty day simple moving average is $208.80 and its 200-day simple moving average is $198.30. Apple Inc. has a 1-year low of $142.00 and a 1-year high of $233.47. The stock has a market capitalization of $1,006.74 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 1.83 and a beta of 1.24. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.47 and a current ratio of 1.50.

Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.10 by $0.08. Apple had a return on equity of 52.13% and a net margin of 21.50%. The business had revenue of $53.81 billion for the quarter, compared to analyst estimates of $53.39 billion. During the same quarter last year, the firm earned $2.34 EPS. Apple’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Apple Inc. will post 11.69 earnings per share for the current fiscal year.

Apple Company 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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