Integrity Advisory Solutions LLC Purchases 2,870 Shares of Apple Inc. $AAPL

Key Points

• Integrity Advisory Solutions increased its Apple stake by 17.9% in the second quarter, buying 2,870 additional shares to hold 18,885 shares valued at approximately $5.47 million.
• Apple reported quarterly EPS of $2.02, beating estimates, while revenue rose 16.4% year over year to $109.42 billion. The company also paid a quarterly dividend of $0.27 per share.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $334.91 price target, though high valuation, rising component costs and margin pressure remain key risks.

Integrity Advisory Solutions LLC increased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 17.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,885 shares of the iPhone maker's stock after purchasing an additional 2,870 shares during the quarter. Apple makes up about 0.6% of Integrity Advisory Solutions LLC's investment portfolio, making the stock its 19th largest holding. Integrity Advisory Solutions LLC's holdings in Apple were worth $5,465,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Lifetime Wealth Management P.C. bought a new position in shares of Apple during the 4th quarter valued at approximately $41,000. ROSS JOHNSON & Associates LLC increased its stake in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after purchasing an additional 180 shares in the last quarter. LSV Asset Management purchased a new position in shares of Apple in the fourth quarter valued at about $65,000. Timmons Wealth Management LLC bought a new position in shares of Apple in the fourth quarter worth about $69,000. Finally, Inspire Investing LLC purchased a new stake in shares of Apple during the fourth quarter worth about $76,000. Institutional investors own 67.73% of the company's stock.

Apple Trading Up 1.7%

Shares of Apple stock opened at $332.27 on Friday. The stock has a market cap of $4.85 trillion, a PE ratio of 38.10, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. The firm has a fifty day moving average price of $318.20 and a 200 day moving average price of $292.45. Apple Inc. has a 1 year low of $229.02 and a 1 year high of $344.57. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company's revenue was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted $1.57 earnings per share. Equities research analysts predict that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple's dividend payout ratio (DPR) is 12.39%.

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 1,438 shares of the business's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $317.23, for a total value of $456,176.74. Following the sale, the senior vice president owned 34,352 shares in the company, valued at approximately $10,897,484.96. The trade was a 4.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ben Borders sold 116 shares of the firm's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider directly 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 SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 7,310 shares of company stock valued at $2,279,378. 0.06% of the stock is owned by insiders.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone Duo creates a potential new growth cycle. Apple’s $1,999 foldable iPhone, scheduled to arrive October 23, could drive upgrades, deepen ecosystem engagement and add a high-margin premium product category. Some analysts believe foldables could eventually account for 10% to 20% of iPhone revenue. How Wall Street viewed Apple's foldable iPhone
• Positive Sentiment: Analysts see renewed hardware momentum. Alongside the Duo, Apple unveiled the iPhone 18 Pro lineup, new Apple Watch models, AirPods 5 and expanded Siri AI features. TD Cowen maintained a Buy rating with a $400 target, supporting the bullish reaction. TD Cowen reiterates Buy rating
• Positive Sentiment: Carrier promotions could reduce sticker-price resistance. T-Mobile, AT&T and Verizon are offering installment and trade-in incentives for the expensive Duo, potentially broadening access without an immediate industrywide price war. Wireless carrier promotions
• Neutral Sentiment: Wall Street remains divided. Bank of America retained a Buy rating but lowered its price target to $370, while Rosenblatt kept a Neutral rating and $303 target. The debate centers on Duo demand, supply constraints, valuation and the durability of the upgrade cycle.
• Negative Sentiment: Margin pressure remains the main risk. Apple raised iPhone Pro prices by $100, but memory and other component costs are rising rapidly. Management has already guided to lower gross margins, raising concerns that pricing may not fully offset higher costs. Apple margin pressure from memory costs
• Negative Sentiment: Premium valuation and competition limit upside. Apple trades near the upper end of its historical earnings multiple, while Huawei, Xiaomi and Samsung remain strong competitors in China and the foldable market.
• Negative Sentiment: Insider selling is a modest cautionary signal. SVP Jennifer Newstead sold approximately $456,000 of stock, reducing her direct holdings by about 4%, although she retains a substantial position.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AAPL. Oppenheimer reaffirmed a "market perform" rating on shares of Apple in a report on Thursday. Rosenblatt Securities reissued a "neutral" rating and issued a $303.00 price objective on shares of Apple in a research note on Thursday. Rothschild & Co Redburn set a $400.00 target price on shares of Apple and gave the company a "buy" rating in a research report on Monday, August 17th. Weiss Ratings raised Apple from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 3rd. Finally, HSBC restated a "buy" rating and set a $366.00 price target on shares of Apple in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and a consensus price target of $334.91.

About Apple

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company's ecosystem of devices.

Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.

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