State of New Jersey Common Pension Fund D decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,202,000 shares of the iPhone maker’s stock after selling 228,000 shares during the quarter. Apple comprises 3.1% of State of New Jersey Common Pension Fund D’s holdings, making the stock its largest position. State of New Jersey Common Pension Fund D owned 0.10% of Apple worth $749,192,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Saratoga Research & Investment Management raised its position in Apple by 0.6% in the first quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock valued at $95,840,000 after purchasing an additional 4,137 shares during the period. Pinnacle Bank purchased a new stake in Apple in the first quarter valued at $1,924,000. Green Square Capital LLC raised its position in Apple by 6.7% in the first quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock valued at $12,564,000 after purchasing an additional 5,491 shares during the period. Headinvest LLC raised its position in Apple by 2.5% in the second quarter. Headinvest LLC now owns 16,295 shares of the iPhone maker’s stock valued at $2,347,000 after purchasing an additional 390 shares during the period. Finally, Lederer & Associates Investment Counsel CA raised its position in Apple by 2.1% in the second quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock valued at $5,377,000 after purchasing an additional 779 shares during the period. Hedge funds and other institutional investors own 60.30% of the company’s stock.

In related news, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction on Monday, August 28th. The shares were sold at an average price of $160.63, for a total value of $43,148,912.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 411,389 shares of company stock valued at $65,364,467. 0.08% of the stock is owned by company insiders.

AAPL has been the topic of a number of research analyst reports. Credit Suisse Group restated a “buy” rating and issued a $170.00 target price on shares of Apple in a research report on Sunday, July 9th. Canaccord Genuity restated a “buy” rating and issued a $180.00 target price on shares of Apple in a research report on Monday, July 10th. Deutsche Bank AG restated a “hold” rating and issued a $132.00 target price (up previously from $130.00) on shares of Apple in a research report on Tuesday, July 11th. KeyCorp restated a “hold” rating on shares of Apple in a research report on Monday, July 10th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Apple in a research note on Wednesday, July 12th. Seven analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $198.38.

Apple Inc. (NASDAQ AAPL) opened at $172.50 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. Apple Inc. has a fifty-two week low of $104.08 and a fifty-two week high of $174.26. The company has a market cap of $885,668.81, a price-to-earnings ratio of 18.75, a PEG ratio of 1.40 and a beta of 1.23.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. During the same period in the previous year, the company posted $1.50 EPS. Apple’s revenue was up 12.2% on a year-over-year basis. sell-side analysts predict that Apple Inc. will post 11.11 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 13th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Friday, November 10th. Apple’s payout ratio is presently 27.39%.

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Apple Company 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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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