Integrity Investment Advisors LLC trimmed its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 11.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 20,438 shares of the iPhone maker’s stock after selling 2,722 shares during the period. Apple comprises approximately 2.8% of Integrity Investment Advisors LLC’s holdings, making the stock its 12th largest holding. Integrity Investment Advisors LLC’s holdings in Apple were worth $5,187,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Lifetime Wealth Management P.C. acquired a new stake in Apple in the fourth quarter worth about $41,000. ROSS JOHNSON & Associates LLC raised its holdings in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the last quarter. LSV Asset Management acquired a new position in Apple during the 4th quarter valued at about $65,000. Timmons Wealth Management LLC acquired a new position in Apple during the 4th quarter valued at about $69,000. Finally, Inspire Investing LLC bought a new position in shares of Apple in the 4th quarter valued at about $76,000. 67.73% of the stock is owned by institutional investors and hedge funds.
Apple Price Performance
AAPL stock opened at $325.89 on Thursday. The stock has a 50-day moving average price of $305.49 and a two-hundred day moving average price of $278.27. The stock has a market cap of $4.79 trillion, a PE ratio of 39.41, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. 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 Inc. has a 1 year low of $201.50 and a 1 year high of $334.99.
Apple Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. This is a boost from Apple’s previous quarterly dividend of $0.26. Apple’s payout ratio is 13.06%.
Insider Transactions at Apple
In other Apple news, insider Ben Borders sold 116 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the sale, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.06% of the company’s stock.
Wall Street Analysts Forecast Growth
AAPL has been the subject of several analyst reports. Wedbush reiterated an “outperform” rating and set a $400.00 price target on shares of Apple in a research report on Friday, June 5th. Bank of America restated a “buy” rating and issued a $380.00 price objective on shares of Apple in a report on Thursday, June 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a research note on Tuesday, June 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of Apple in a report on Monday. Finally, Evercore reiterated an “outperform” rating on shares of Apple in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $325.71.
Check Out Our Latest Analysis on Apple
Apple News Summary
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple reportedly plans a major overhaul of its Mac lineup to meet demand for AI-powered computers, with new versions of every Mac product expected. That could support future hardware upgrades and help Apple participate more directly in the AI spending cycle. Apple Plans To Overhaul Computers to Meet AI Demand
- Positive Sentiment: Apple is also set to launch a new “Apple Upgrade” device leasing program with Klarna, which could make iPhones, Macs, iPads and Apple Watches easier to finance and potentially lift replacement demand. Apple to launch ‘Upgrade’ device leasing program to spur sales, Bloomberg News reports
- Positive Sentiment: Several commentators remain constructive on Apple’s long-term momentum, arguing the company’s ecosystem, pricing power and upcoming product cycle still support the stock despite recent volatility. Why Apple (AAPL) is a Top Momentum Stock for the Long-Term
- Neutral Sentiment: Samsung’s new foldable launches and rising prices highlight the competitive pressure in premium mobile devices, while also signaling that Apple’s expected entry into foldables is increasingly on investors’ radar. Samsung unveils wider foldable phone, hikes prices as chip costs rise
- Neutral Sentiment: Apple remains a top-market-cap stock and is trading near peak valuations, which keeps sentiment mixed heading into earnings and makes the shares more sensitive to any disappointment. Is Apple stock overvalued? Here’s what AlphaSpace valuation metrics say.
- Negative Sentiment: Apple lost a key court bid in its Masimo dispute, leaving a $634 million Apple Watch patent verdict in place. That legal overhang is a direct negative for sentiment because it preserves a costly judgment and keeps the litigation risk alive. Apple Fails to Overturn $634 Million Masimo Verdict
- Negative Sentiment: Some investors and analysts are warning that Apple’s stock has become expensive after a strong run, which is pressuring the shares as traders lock in gains ahead of earnings. The Risk in Apple’s Stock That Nobody Is Talking About
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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