Apple Inc. $AAPL Shares Acquired by Integral Investment Advisors Inc.

Integral Investment Advisors Inc. increased its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 9.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,999 shares of the iPhone maker’s stock after buying an additional 4,593 shares during the quarter. Apple accounts for about 3.3% of Integral Investment Advisors Inc.’s holdings, making the stock its 9th biggest holding. Integral Investment Advisors Inc.’s holdings in Apple were worth $13,197,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AAPL. Lifetime Wealth Management P.C. acquired a new position in Apple during the 4th quarter worth approximately $41,000. ROSS JOHNSON & Associates LLC boosted its position in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 180 shares in the last quarter. LSV Asset Management acquired a new stake in Apple in the fourth quarter valued at approximately $65,000. Timmons Wealth Management LLC bought a new stake in shares of Apple during the fourth quarter worth $69,000. Finally, Inspire Investing LLC bought a new stake in shares of Apple during the fourth quarter worth $76,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Apple

In related news, insider Ben Borders sold 116 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was 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 in the company, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 transaction of $421,850.00. Following the completion of the sale, the chief financial officer owned 13,366 shares of the company’s stock, valued at approximately $3,675,650. This represents a 10.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 2,924 shares of company stock valued at $825,546. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AAPL shares. Bank of America reiterated a “buy” rating and issued a $380.00 target price on shares of Apple in a research report on Thursday, June 18th. UBS Group set a $250.00 price target on Apple in a report on Tuesday. KeyCorp downgraded Apple from a “sector weight” rating to an “underweight” rating and set a $250.00 price objective for the company. in a research note on Tuesday. Needham & Company LLC reiterated a “hold” rating on shares of Apple in a report on Tuesday, June 9th. Finally, Monness Crespi & Hardt lifted their target price on shares of Apple from $315.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $318.43.

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Apple News Summary

Here are the key news stories impacting Apple this week:

Apple Stock Up 1.8%

Shares of NASDAQ:AAPL opened at $333.26 on Friday. Apple Inc. has a 1 year low of $201.50 and a 1 year high of $334.68. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. The business’s 50-day moving average is $302.80 and its 200-day moving average is $276.70. The company has a market capitalization of $4.89 trillion, a price-to-earnings ratio of 40.30, a P/E/G ratio of 2.84 and a beta of 1.10.

Apple (NASDAQ:AAPLGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. The business had revenue of $111.18 billion during the quarter, compared to analysts’ expectations of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the company posted $1.65 earnings per share. Equities research analysts predict that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. This is a boost 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 (DPR) is currently 13.06%.

About Apple

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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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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