Oregon Public Employees Retirement Fund Sells 2,856 Shares of Apple Inc. (NASDAQ:AAPL)

Oregon Public Employees Retirement Fund decreased its position in Apple Inc. (NASDAQ:AAPL) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,238,198 shares of the iPhone maker’s stock after selling 2,856 shares during the quarter. Apple accounts for approximately 5.2% of Oregon Public Employees Retirement Fund’s holdings, making the stock its 3rd largest position. Oregon Public Employees Retirement Fund’s holdings in Apple were worth $260,789,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. McAlister Sweet & Associates Inc. boosted its stake in Apple by 12.9% in the first quarter. McAlister Sweet & Associates Inc. now owns 29,946 shares of the iPhone maker’s stock valued at $5,135,000 after acquiring an additional 3,419 shares during the period. Avondale Wealth Management lifted its holdings in shares of Apple by 23.4% in the 1st quarter. Avondale Wealth Management now owns 13,328 shares of the iPhone maker’s stock worth $2,285,000 after purchasing an additional 2,526 shares during the last quarter. Timber Creek Capital Management LLC lifted its holdings in shares of Apple by 3.8% in the 1st quarter. Timber Creek Capital Management LLC now owns 57,274 shares of the iPhone maker’s stock worth $9,821,000 after purchasing an additional 2,115 shares during the last quarter. Campbell Capital Management Inc. grew its stake in Apple by 0.8% during the 1st quarter. Campbell Capital Management Inc. now owns 175,870 shares of the iPhone maker’s stock worth $30,158,000 after buying an additional 1,435 shares during the last quarter. Finally, Duncan Williams Asset Management LLC acquired a new stake in Apple in the first quarter worth $1,965,000. 60.41% of the stock is currently owned by institutional investors.

Insider Transactions at Apple

In related news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 517,924 shares of company stock valued at $114,786,399 over the last quarter. Company insiders own 0.06% of the company’s stock.

Apple Trading Up 0.2 %

Shares of AAPL opened at $232.15 on Friday. The business’s 50-day moving average price is $225.41 and its 200 day moving average price is $207.39. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $3.56 trillion, a P/E ratio of 36.10, a P/E/G ratio of 2.40 and a beta of 1.24. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.49.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.06. The business had revenue of $85.78 billion for 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 147.15%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $1.26 earnings per share. Analysts expect that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Apple’s payout ratio is currently 15.55%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $285.00 price target on shares of Apple in a report on Monday, September 9th. UBS Group reissued a “hold” rating and set a $236.00 target price on shares of Apple in a research note on Wednesday. Oppenheimer restated a “buy” rating and issued a $250.00 price target on shares of Apple in a research note on Tuesday, October 1st. Piper Sandler Companies reiterated a “neutral” rating and set a $225.00 price objective (up from $190.00) on shares of Apple in a research report on Tuesday, July 9th. Finally, Melius Research restated a “buy” rating and issued a $265.00 target price on shares of Apple in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.27.

About Apple

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.