Teachers Retirement System Of The State Of Kentucky is selling 139,757 shares of Apple Inc. (NASDAQ:AAPL)

VaselineAugust 26, 2024

0 5 minutes read

Teachers Retirement System Of The State Of Kentucky trimmed its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 6.8% during the first quarter, Holdings Channel reports. The institutional investor owned 1,909,769 shares of the iPhone maker’s stock after selling 139,757 shares during the quarter. Apple accounts for approximately 2.9% of Teacher Retirement System of The State of Kentucky’s investment portfolio, making the stock its 4th largest holding. Teachers Retirement System of The State of Kentucky held $327,488,000 worth of Apple as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Christopher J. Hasenberg Inc purchased a new stake in Apple in the 1st quarter valued at $35,000. Fidelis Capital Partners LLC boosted its position in Apple by 17.9% in the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after buying an additional 31,278 shares in the last quarter. AP Gilfoyle & Co. LP bought a new position in Apple in the fourth quarter valued at about $39,000. Gilfoyle & Co LLC raised its position in shares of Apple by 168.0% during the 4th quarter. Gilfoyle & Co LLC now owns 268 shares of the iPhone maker’s stock worth $52,000 after buying an additional 168 shares during the period. of shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. raised its stake in Apple by 657.1% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after buying an additional 368 shares in the last quarter. 60.41% of the shares are currently owned by institutional investors.

Apple’s price performance

Shares of NASDAQ:AAPL opened at $226.84 on Friday. The firm has a 50-day moving average of $220.32 and a 200-day moving average of $194.40. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.23. The company has a current ratio of 1.04, a quick ratio of 0.99, and a debt-to-equity ratio of 1.24. The stock has a market cap of $3.48 trillion, a PE ratio of 35.28, a PEG ratio of 2.60 and a beta of 1.24.

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Apple (NASDAQ:AAPL – Get Free Report ) last announced its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 145.35%. The company’s revenue rose 4.9% year-over-year. In the same period last year, the company earned $1.26 per share. On average, equities research analysts predict that Apple Inc. will post 6.61 EPS for the current fiscal year.

Apple declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 2nd that permits the company to repurchase $110.00 billion in shares. This buyback authorization allows the iPhone maker to buy up to 3.9% of its shares through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were paid a $0.25 dividend. This represents an annualized dividend of $1.00 and a yield of 0.44%. The ex-dividend date was Monday, August 12. Apple’s dividend payout ratio (DPR) is currently 15.55%.

Insider buying and selling at Apple

In other news, insider Chris Kondo sold 8,706 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at $3,469,275. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. In related news, insider Chris Kondo sold 8,706 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the sale, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The disclosure for this sale can be found here. Insiders have sold a total of 188,884 shares of company stock worth $38,092,387 in the last 90 days. Insiders own 0.06% of the company’s stock.

Changes in Analyst Ratings

A number of equities analysts recently weighed in on AAPL shares. Maxim Group boosted their target price on shares of Apple from $195.00 to $203.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Canaccord Genuity Group boosted their price objective on shares of Apple from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Barclays cut their price target on shares of Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. Loop Capital raised Apple from a “hold” rating to a “buy” rating and upped their target price for the stock from $170.00 to $300.00 in a research report on Monday, July 15th . Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $273.00 price objective on shares of Apple in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Moderate Buy” and a consensus price target of $233.63, according to MarketBeat.

Check out our latest research report on AAPL

Apple profile

(Free report)

Apple Inc designs, manufactures and markets smartphones, personal computers, tablets, wearable devices and accessories worldwide. The company offers the iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multifunction tablets; and wearables, home and accessories including AirPods, Apple TV, Apple Watch, Beats products and HomePod.