New York State Teachers Retirement System Has $3.33 Billion Stock Holdings in Apple Inc. (NASDAQ:AAPL)

New York State Teachers Retirement System lessened its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,286,514 shares of the iPhone maker's stock after selling 697,947 shares during the quarter. Apple makes up about 7.0% of New York State Teachers Retirement System's investment portfolio, making the stock its largest holding. New York State Teachers Retirement System owned about 0.09% of Apple worth $3,327,209,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AAPL. State Street Corp boosted its position in shares of Apple by 10.6% during the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker's stock worth $136,074,372,000 after buying an additional 55,935,105 shares during the period. FMR LLC boosted its stake in Apple by 5.3% during the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker's stock valued at $84,779,231,000 after purchasing an additional 18,224,005 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Apple by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker's stock valued at $77,542,863,000 after purchasing an additional 20,483,787 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker's stock worth $22,121,656,000 after buying an additional 5,893,741 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Apple by 20,372.7% in the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock valued at $219,829,700,000 after buying an additional 93,886,664 shares during the period. Institutional investors own 67.73% of the company's stock.

Insider Activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 35,493 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total value of $7,950,786.93. Following the sale, the chief operating officer now owns 390,059 shares of the company's stock, valued at $87,377,116.59. The trade was a 8.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 38,822 shares of Apple stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the sale, the senior vice president now owns 179,158 shares in the company, valued at approximately $40,072,269.86. This trade represents a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 182,451 shares of company stock worth $40,818,720. Company insiders own 0.06% of the company's stock.

Apple Stock Performance

AAPL traded up $2.52 during midday trading on Friday, reaching $196.79. The company's stock had a trading volume of 51,328,536 shares, compared to its average volume of 56,825,645. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company has a fifty day simple moving average of $219.65 and a 200 day simple moving average of $230.08. The stock has a market cap of $2.96 trillion, a P/E ratio of 31.24, a PEG ratio of 2.44 and a beta of 1.26. Apple Inc. has a twelve month low of $164.77 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Research analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, February 10th. Apple's dividend payout ratio is currently 15.87%.

Analysts Set New Price Targets

AAPL has been the topic of several research reports. Moffett Nathanson reiterated a "sell" rating and issued a $188.00 price target (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Wedbush dropped their target price on shares of Apple from $325.00 to $250.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. UBS Group increased their target price on shares of Apple to $236.00 and gave the company a "buy" rating in a research note on Monday, April 14th. Loop Capital lowered shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 price target on the stock. in a research report on Tuesday, January 21st. Finally, Tigress Financial boosted their price target on shares of Apple from $295.00 to $300.00 and gave the company a "strong-buy" rating in a report on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Apple has an average rating of "Moderate Buy" and a consensus price target of $235.85.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.