Apple Inc. $AAPL Shares Sold by New York State Teachers Retirement System

Key Points

• New York State Teachers Retirement System trimmed its Apple stake by 0.4% in the first quarter, but the fund still held 11.9 million shares worth about $3.03 billion. Apple remains its second-largest position and about 6.2% of its portfolio.
• Apple’s latest earnings came in above expectations, with $2.01 EPS on $111.18 billion in revenue, and the company also raised its quarterly dividend to $0.27 per share. The stock has continued to trade near record levels, opening at $314.86 with a 12-month high of $323.45.
• Wall Street sentiment is mixed but generally positive: the stock currently carries a Moderate Buy consensus and a price target of $313.11, while recent headlines highlighted both bullish catalysts like stronger iPhone demand and AI-related upside, and bearish concerns about slower upgrades and Services growth.

New York State Teachers Retirement System cut its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,926,803 shares of the iPhone maker's stock after selling 53,294 shares during the period. Apple accounts for about 6.2% of New York State Teachers Retirement System's holdings, making the stock its 2nd biggest position. New York State Teachers Retirement System owned approximately 0.08% of Apple worth $3,026,903,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Lifetime Wealth Management P.C. acquired a new position in Apple in the fourth quarter valued at $41,000. ROSS JOHNSON & Associates LLC boosted its stake in shares of 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 buying an additional 180 shares during the period. LSV Asset Management purchased a new position in shares of Apple during the fourth quarter worth about $65,000. Timmons Wealth Management LLC purchased a new position in shares of Apple during the fourth quarter worth about $69,000. Finally, Inspire Investing LLC acquired a new position in Apple in the 4th quarter valued at about $76,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Citi raised its price target on Apple to $365 and kept a Buy rating, arguing the company can keep gaining market share and may benefit from premium iPhone pricing and Apple Intelligence upside. Article Title
• Positive Sentiment: Apple continues to show strong smartphone performance, including record Q2 market share in China and reports that it has outperformed the broader smartphone slump, which supports the case for resilient demand. Article Title
• Positive Sentiment: Investors are also focusing on potential future catalysts such as a possible iPhone price increase and new product cycles, including foldable iPhone plans and AI-focused chip development. Article Title
• Neutral Sentiment: Apple’s lawsuit against OpenAI is keeping the stock in the headlines; it could protect Apple’s intellectual property and slow a competitor’s hardware push, but it also adds legal uncertainty. Article Title
• Neutral Sentiment: Broadcom’s multiyear chip agreement was described as strategically positive for Apple’s AI silicon efforts, but it is more of a longer-term support story than a direct near-term stock mover. Article Title
• Negative Sentiment: KeyBanc’s downgrade and related bearish commentary from other firms are the clearest reasons Apple stock is lower, with analysts warning that slowing iPhone upgrades and softer Services growth could limit further upside. Article Title

Insiders Place Their Bets

In other news, CFO Kevan Parekh sold 1,534 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the completion of the transaction, the chief financial officer owned 13,366 shares in the company, valued at $3,675,650. This trade represents a 10.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ben Borders sold 116 shares of the firm's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider owned 38,713 shares of the company's stock, valued at $11,425,754.82. This trade represents a 0.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 2,924 shares of company stock valued at $825,546. 0.06% of the stock is owned by corporate insiders.

Apple Stock Performance

Shares of AAPL stock opened at $314.86 on Wednesday. The company has a market cap of $4.62 trillion, a price-to-earnings ratio of 38.07, a price-to-earnings-growth ratio of 2.76 and a beta of 1.10. The stock has a 50 day simple moving average of $301.09 and a 200-day simple moving average of $275.89. Apple Inc. has a 12-month low of $201.50 and a 12-month high of $323.45. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $109.46 billion. During the same period in the previous year, the business earned $1.65 earnings per share. The company's revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities analysts forecast that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AAPL. Oppenheimer reaffirmed a "market perform" rating on shares of Apple in a research report on Tuesday, June 9th. Robert W. Baird set a $310.00 target price on Apple in a report on Friday, May 1st. Barclays restated an "underweight" rating on shares of Apple in a research note on Tuesday, June 9th. Needham & Company LLC reiterated a "hold" rating on shares of Apple in a research report on Tuesday, June 9th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Apple in a research note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $313.11.

Apple Company 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.

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