Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $867.93 Million Stock Holdings in Apple Inc. $AAPL

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,419,865 shares of the iPhone maker’s stock after selling 17,197 shares during the period. Apple comprises about 4.4% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings, making the stock its 2nd biggest position. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Apple were worth $867,928,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lifetime Wealth Management P.C. bought a new position in Apple during the fourth quarter valued at $41,000. ROSS JOHNSON & Associates LLC boosted its position in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the period. Timmons Wealth Management LLC purchased a new position in shares of Apple in the fourth quarter worth about $69,000. LSV Asset Management bought a new stake in shares of Apple in the fourth quarter valued at approximately $65,000. Finally, Inspire Investing LLC bought a new stake in shares of Apple in the fourth quarter valued at approximately $76,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Ford said it will embed Apple Maps into upcoming EVs, expanding Apple’s software reach and reinforcing the value of its ecosystem. Ford Embeds Apple Maps Directly into Upcoming EVs
• Positive Sentiment: Baird raised its price target on Apple and reiterated an Outperform rating, adding to bullish analyst momentum. Finviz
• Positive Sentiment: Commentary highlighted Apple as outperforming the broader market, supported by strong ratings and a favorable chart setup ahead of earnings. Why is Apple stock outperforming the broader market?
• Neutral Sentiment: Apple was also the subject of discussion around upcoming product launches, AI features, and a possible device-leasing program, which could support demand but remain unconfirmed or longer-term in nature.
• Negative Sentiment: Some reports noted concerns that Apple’s valuation is stretched heading into earnings, and insider sales plus short-interest chatter may temper enthusiasm if results disappoint.

Apple Stock Up 3.5%

AAPL opened at $333.02 on Friday. The firm has a market capitalization of $4.89 trillion, a P/E ratio of 40.27, a price-to-earnings-growth ratio of 2.88 and a beta of 1.10. Apple Inc. has a one year low of $201.50 and a one year high of $334.99. The company has a fifty day moving average price of $306.62 and a 200-day moving average price of $279.01. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The firm had revenue of $111.18 billion for the quarter, compared to analysts’ expectations of $109.46 billion. During the same quarter last year, the firm posted $1.65 EPS. The company’s revenue was up 16.6% compared to the same quarter last year. Equities research analysts expect that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. This is an increase from Apple’s previous quarterly dividend of $0.26. Apple’s payout ratio is presently 13.06%.

Insider Buying and Selling

In other news, insider Ben Borders sold 1,274 shares of Apple stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the sale, the insider owned 38,713 shares of the company’s stock, valued at approximately $11,226,770. The trade was a 3.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wedbush reaffirmed an “outperform” rating and issued a $400.00 price objective on shares of Apple in a report on Friday, June 5th. KeyCorp cut shares of Apple from a “sector weight” rating to an “underweight” rating and set a $250.00 target price on the stock. in a report on Tuesday, July 14th. BNP Paribas Exane upgraded Apple from a “neutral” rating to an “outperform” rating and set a $300.00 target price on the stock in a research report on Friday, April 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a report on Tuesday, June 9th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $276.00 price target on shares of Apple in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $327.40.

Apple Profile

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.