Integrity Investment Advisors LLC Sells 2,722 Shares of Apple Inc. $AAPL

Key Points

• Integrity Investment Advisors LLC reduced its Apple stake by 11.8% in the first quarter, selling 2,722 shares and leaving it with 20,438 shares valued at about $5.19 million.
• Apple continues to attract strong institutional ownership, with 67.73% of shares held by institutional investors, even as other funds and hedge funds made various buys and sells.
• Analysts remain generally positive on Apple, giving it a Moderate Buy consensus rating with an average price target of $325.71, while the stock also trades near record levels after recent earnings and a dividend increase.

Integrity Investment Advisors LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 11.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,438 shares of the iPhone maker's stock after selling 2,722 shares during the quarter. Apple comprises 2.8% of Integrity Investment Advisors LLC's investment portfolio, making the stock its 12th largest holding. Integrity Investment Advisors LLC's holdings in Apple were worth $5,187,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Lifetime Wealth Management P.C. acquired a new stake in Apple in the 4th quarter worth $41,000. ROSS JOHNSON & Associates LLC raised its position in shares of Apple by 1,800.0% during 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 during the last quarter. LSV Asset Management acquired a new position in shares of Apple during the fourth quarter valued at about $65,000. Timmons Wealth Management LLC bought a new stake in shares of Apple in the fourth quarter valued at about $69,000. Finally, Inspire Investing LLC bought a new stake in shares of Apple in the fourth quarter valued at about $76,000. 67.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Apple

In related news, insider Ben Borders sold 116 shares of Apple 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 completion of the transaction, the insider directly owned 38,713 shares of the company's stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Needham & Company LLC restated a "hold" rating on shares of Apple in a research note on Tuesday, June 9th. KGI Securities downgraded Apple from an "outperform" rating to a "hold" rating and set a $315.00 price objective for the company. in a research report on Monday, June 22nd. BNP Paribas Exane upgraded Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price objective for the company in a research report on Friday, April 17th. Maxim Group reissued a "buy" rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a report on Tuesday, June 9th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Apple in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Apple has a consensus rating of "Moderate Buy" and an average price target of $325.71.

Apple Stock Down 0.6%

Shares of AAPL opened at $325.89 on Thursday. The company has a market capitalization of $4.79 trillion, a P/E ratio of 39.41, a PEG ratio of 2.83 and a beta of 1.10. Apple Inc. has a one year low of $201.50 and a one year high of $334.99. The business's 50 day simple moving average is $305.49 and its 200-day simple moving average is $278.27. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02.

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

Apple Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost from Apple's previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. Apple's dividend payout ratio is 13.06%.

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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