Teacher Retirement System of Texas Boosts Position in Apple Inc. $AAPL

Key Points

• Teacher Retirement System of Texas increased its Apple stake by 11.1% in the fourth quarter, adding 466,094 shares and bringing its total holdings to 4.68 million shares worth about $1.27 billion.
• Apple’s latest quarterly results topped expectations, with EPS of $2.01 and revenue of $111.18 billion, while revenue rose 16.6% year over year.
• The company also raised its quarterly dividend to $0.27 per share from $0.26, though analysts remain mixed overall with an average rating of “Moderate Buy” and an average price target of $308.74.

Teacher Retirement System of Texas increased its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,682,646 shares of the iPhone maker's stock after acquiring an additional 466,094 shares during the quarter. Apple makes up 4.4% of Teacher Retirement System of Texas' investment portfolio, making the stock its 3rd largest position. Teacher Retirement System of Texas' holdings in Apple were worth $1,273,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of AAPL. Sellwood Investment Partners LLC lifted its holdings in Apple by 110.9% in the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock worth $34,000 after buying an additional 71 shares during the period. ROSS JOHNSON & Associates LLC lifted its holdings in Apple by 1,800.0% in the 1st 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 stake in Apple in the 4th quarter worth approximately $65,000. PayPay Securities Corp lifted its holdings in Apple by 52.1% in the 4th quarter. PayPay Securities Corp now owns 365 shares of the iPhone maker's stock worth $99,000 after buying an additional 125 shares during the period. Finally, eCIO Inc. purchased a new stake in Apple in the 4th quarter worth approximately $112,000. 67.73% of the stock is currently owned by institutional investors.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s App Store fraud prevention system blocked $2.2 billion in fraudulent transactions last year, underscoring the strength and scale of its Services ecosystem. Apple uses AI and human reviews to prevent $2.2B in potential App Store fraud
• Positive Sentiment: Analysts continue to point to Services as a major growth driver for Apple, which could support earnings even as iPhone growth matures. AAPL: Forget the iPhone—Services Will Drive the Next Phase of Growth
• Positive Sentiment: Apple is reportedly offering China price cuts for the 618 holiday, a move that could help its sales and market-share push in a competitive market. Apple cutting prices in China for 618 holiday likely to aid market share push: Wedbush
• Neutral Sentiment: Apple received some favorable media attention after Google’s I/O event, with commentary suggesting Google’s AI showcase may have strengthened expectations that Apple will have room to compete aggressively at WWDC. Google I/O 2026 had nothing to say and said it badly ahead of Apple's WWDC
• Neutral Sentiment: Reports that Apple is reorganizing its hardware team and pushing more AI-powered features suggest a product-development refresh, but the impact on near-term earnings is unclear. Apple reportedly plans hardware team shake up to ramp up future devices
• Negative Sentiment: KeyBanc turned cautious on Apple, warning that valuation looks stretched and suggesting the stock may be due for profit-taking. KeyBanc Turns Cautious on Apple Stock as Valuation Concerns Grow. It’s Due for Profit-Taking.
• Negative Sentiment: Apple remains exposed to regulatory and strategic risks, including an Indian court order to cooperate in an App Store antitrust probe and ongoing concerns about AI feature delays. Apple ordered by Indian court to 'fully cooperate' in iPhone App Store antitrust probe

Analysts Set New Price Targets

Several equities research analysts have weighed in on AAPL shares. UBS Group set a $296.00 price objective on Apple and gave the stock a "neutral" rating in a report on Friday, May 1st. Rosenblatt Securities increased their price objective on Apple from $268.00 to $276.00 and gave the stock a "neutral" rating in a report on Friday, May 1st. Stephens set a $315.00 price objective on Apple in a report on Monday, January 26th. Royal Bank Of Canada set a $325.00 price objective on Apple in a report on Monday, February 2nd. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $308.74.

Insider Buying and Selling

In other Apple news, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the completion of the transaction, the chief financial officer owned 13,366 shares in the company, valued at approximately $3,675,650. The trade was a 10.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ben Borders sold 1,274 shares of Apple stock in a transaction on Friday, May 8th. The shares were sold at an average price of $290.00, for a total value of $369,460.00. Following the transaction, the insider owned 38,713 shares of the company's stock, valued at $11,226,770. The trade was a 3.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 97,759 shares of company stock worth $24,964,305 over the last three months. 0.06% of the stock is owned by corporate insiders.

Apple Trading Up 1.1%

AAPL opened at $302.25 on Thursday. The stock has a market cap of $4.44 trillion, a PE ratio of 36.55, a PEG ratio of 2.60 and a beta of 1.06. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The business has a 50 day moving average of $267.80 and a 200-day moving average of $268.10. Apple Inc. has a 52 week low of $193.46 and a 52 week high of $303.20.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.06. The company had revenue of $111.18 billion during the quarter, compared to analysts' expectations of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 EPS. Equities research analysts predict that Apple Inc. will post 8.74 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 paid a dividend of $0.27 per share. The ex-dividend date was Monday, May 11th. This is a positive change from Apple's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. Apple's dividend payout ratio (DPR) is presently 13.06%.

About Apple

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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