Apple Inc. $AAPL is Integrated Advisors Network LLC’s 4th Largest Position

Integrated Advisors Network LLC decreased its stake in Apple Inc. (NASDAQ:AAPLFree Report) by 15.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 198,303 shares of the iPhone maker’s stock after selling 35,764 shares during the quarter. Apple accounts for about 2.6% of Integrated Advisors Network LLC’s investment portfolio, making the stock its 4th largest holding. Integrated Advisors Network LLC’s holdings in Apple were worth $50,327,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Lifetime Wealth Management P.C. acquired a new stake in shares of Apple during the fourth quarter valued at approximately $41,000. ROSS JOHNSON & Associates LLC lifted its position in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares in the last quarter. LSV Asset Management acquired a new position in Apple in the 4th quarter worth approximately $65,000. Timmons Wealth Management LLC acquired a new position in Apple in the 4th quarter worth approximately $69,000. Finally, Inspire Investing LLC purchased a new position in Apple during the 4th quarter worth approximately $76,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

More Apple News

Here are the key news stories impacting Apple this week:

Insider Transactions at Apple

In other news, CFO Kevan Parekh sold 1,534 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer directly owned 13,366 shares of the company’s stock, valued at $3,675,650. This trade represents a 10.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $369,460.00. Following the sale, the insider owned 38,713 shares of the company’s stock, valued at approximately $11,226,770. This represents a 3.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,924 shares of company stock worth $825,546 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

AAPL has been the topic of several recent analyst reports. Wells Fargo & Company reissued an “overweight” rating and set a $310.00 target price (up from $300.00) on shares of Apple in a research note on Friday, May 1st. Bank of America reaffirmed a “buy” rating and issued a $380.00 target price on shares of Apple in a research report on Thursday, June 18th. Rosenblatt Securities reiterated a “neutral” rating and set a $276.00 price target on shares of Apple in a report on Tuesday, June 9th. Wedbush reissued an “outperform” rating and set a $400.00 price target on shares of Apple in a research report on Friday, June 5th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Apple in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $318.43.

View Our Latest Research Report on Apple

Apple Price Performance

AAPL stock opened at $333.74 on Monday. Apple Inc. has a 12-month low of $201.50 and a 12-month high of $334.99. 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 company has a market cap of $4.90 trillion, a price-to-earnings ratio of 40.36, a PEG ratio of 2.90 and a beta of 1.10. The company has a 50 day moving average of $303.61 and a two-hundred day moving average of $277.12.

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, beating the consensus estimate of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The business had revenue of $111.18 billion for the quarter, compared to analysts’ expectations of $109.46 billion. During the same period in the previous year, the company posted $1.65 EPS. Apple’s revenue was up 16.6% on a year-over-year basis. On average, equities analysts anticipate that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were given a dividend of $0.27 per share. The ex-dividend date of this dividend 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 0.3%. Apple’s payout ratio is 13.06%.

Apple Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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