The Kentucky Retirement Systems Insurance Trust Fund holds a $104.89 million stake in Apple Inc. (NASDAQ:AAPL).

2 min read | January 24, 2025 03:06 AM PST | By Team Kalkine Media

The Kentucky Retirement Systems Insurance Trust Fund holds a $104.89 million stake in Apple Inc. (NASDAQ:AAPL).

Investment Activity

Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 3.2% in the third quarter, according to its recent SEC Form 13F filing. The fund now owns 450,155 shares, valued at approximately $104.89 million, reflecting Apple's position as the largest holding in their portfolio. This adjustment involved selling 14,756 shares during the quarter.

Other institutional investors have also adjusted their positions in Apple. Bull Oak Capital LLC increased its stake by 252.3%, now owning shares valued at $36,000 after purchasing an additional 111 shares. Meanwhile, Cordant Inc. boosted its Apple shares by 34.3%. Overall, institutional investors currently own 67.73% of Apple's stock.

Financial Performance

In its latest quarterly earnings report, Apple reported earnings per share (EPS) of $1.64, surpassing analyst expectations by $0.04. Revenue for the quarter reached $94.93 billion, aligning closely with projections and marking a 6.1% increase compared to the same period last year. Net margin was reported at 23.97%, while return on equity stood at an impressive 152.94%.

During this period, Apple's stock price has shown fluctuations, opening at $223.66 last Friday, and maintaining a market capitalization of $3.36 trillion. The stock's performance is mirrored in the company's twelve-month range, with its lowest at $164.07 and a high of $260.10.

Dividends and Insider Transactions

Apple declared a quarterly dividend of $0.25, paid on November 14th, translating into an annualized dividend yield of 0.45% with a payout ratio of 16.45%. On the insider front, COO Jeffrey E. Williams sold 100,000 shares, totaling approximately $25 million. This transaction marked a significant shift in Williams' holdings, reducing his ownership by 20.41%.

Company Overview

Apple Inc. is a global leader in technology, designing and marketing a wide range of consumer electronics including iPhones, iPads, Macs, and wearables like the Apple Watch. The company's diversified portfolio continues to make it a focal point for investors worldwide.

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