Apple Inc. $AAPL Stock Holdings Lessened by Integrity Financial Corp WA

Key Points

• Integrity Financial Corp WA cut its Apple stake by 6.7% in the fourth quarter, selling 2,225 shares and leaving it with 30,918 shares valued at about $8.4 million. Apple remains its 4th-largest holding, making up roughly 4.3% of the portfolio.
• Apple insiders also sold stock recently, including CEO Tim Cook and SVP Deirdre O'Brien. Combined insider sales totaled 97,759 shares worth about $25.0 million last quarter, though insiders still own only 0.06% of the company.
• Analyst sentiment stays mostly positive despite some mixed views: Apple has a Moderate Buy consensus and an average price target of $314.59. The stock opened at $291.13, and the company recently beat earnings expectations with quarterly EPS of $2.01 on revenue of $111.18 billion.

Integrity Financial Corp WA lowered its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,918 shares of the iPhone maker's stock after selling 2,225 shares during the period. Apple accounts for approximately 4.3% of Integrity Financial Corp WA's portfolio, making the stock its 4th biggest holding. Integrity Financial Corp WA's holdings in Apple were worth $8,405,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sellwood Investment Partners LLC grew its stake 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 acquiring an additional 71 shares during the period. ROSS JOHNSON & Associates LLC raised 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 valued at $42,000 after acquiring an additional 180 shares during the last quarter. Timmons Wealth Management LLC purchased a new position in shares of Apple during the 4th quarter worth $69,000. LSV Asset Management acquired a new stake in shares of Apple during the fourth quarter worth $65,000. Finally, PayPay Securities Corp grew its position in shares of Apple by 52.1% in the fourth quarter. PayPay Securities Corp now owns 365 shares of the iPhone maker's stock valued at $99,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In related news, CEO Timothy D. Cook sold 64,949 shares of the firm's stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total value of $16,511,984.27. Following the transaction, the chief executive officer owned 3,280,418 shares in the company, valued at approximately $833,980,668.14. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Deirdre O'brien sold 30,002 shares of Apple stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the transaction, the senior vice president directly owned 136,810 shares in the company, valued at approximately $34,934,433.50. This trade represents a 17.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 97,759 shares of company stock worth $24,964,305 in the last quarter. Company insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on AAPL. Tigress Financial reiterated a "strong-buy" rating and issued a $375.00 target price (up from $305.00) on shares of Apple in a research note on Thursday, May 14th. Citigroup reissued a "buy" rating on shares of Apple in a research note on Monday, June 1st. Barclays reaffirmed an "underweight" rating on shares of Apple in a research note on Tuesday, June 9th. Oppenheimer reiterated a "market perform" rating on shares of Apple in a report on Tuesday, June 9th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $310.00 target price (up from $300.00) on shares of Apple in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Apple currently has an average rating of "Moderate Buy" and an average price target of $314.59.

Apple Price Performance

Shares of Apple stock opened at $291.13 on Monday. The business's fifty day moving average price is $285.64 and its 200 day moving average price is $272.25. Apple Inc. has a twelve month low of $195.07 and a twelve month high of $317.40. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $4.28 trillion, a P/E ratio of 35.20, a PEG ratio of 2.53 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping the consensus estimate of $1.95 by $0.06. The company had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The firm's revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.65 earnings per share. As a group, research analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Increases Dividend

The firm also recently announced 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. This is a boost from Apple's previous quarterly dividend of $0.26. 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 0.4%. Apple's dividend payout ratio is currently 13.06%.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s Services business posted record revenue in the fiscal second quarter, supported by ecosystem growth, AI-related updates, and its huge installed device base. Apple Continues to Expand Services Business: What's the Path Ahead?
• Positive Sentiment: Several commentators said Apple still has strong fundamentals, including a solid balance sheet, loyal customer base, and products investors continue to love, which supports the long-term bull case. Jim Cramer on Apple: “It Still Has Products We All Love”
• Positive Sentiment: Analysts at Erste Group Bank raised their earnings estimates for Apple, signaling expectations for steady profit growth over the next two fiscal years. Apple earnings estimate update
• Neutral Sentiment: Apple’s WWDC announcements showed a clearer AI roadmap, including next-generation Siri features and device software updates, but the market appears to be waiting for stronger evidence that these changes will drive meaningful revenue growth. Apple Unveils Siri AI. Here's Why It's Not Impressing Investors
• Neutral Sentiment: Some coverage suggested Apple’s AI launch could help the stock over time, but it may take more than Siri upgrades alone to restore investor enthusiasm. Apple Just Gave Investors a Glimpse of Is AI Future at WWDC. It May Take More to Revive AAPL Stock.
• Negative Sentiment: Investors are worried Apple’s AI ambitions are colliding with a memory-cost crunch, creating pricing pressure that could weigh on margins. Apple Faces a No-Win Pricing Dilemma. Should Investors Be Worried?
• Negative Sentiment: Multiple reports say the market was disappointed that Apple’s Siri AI reveal did not feel like a big enough breakthrough to justify a sharper rerating of the stock. Apple's AI News Underwhelms. Siri AI Release Concerns Persist.

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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