Integrity Wealth Solutions LLC lessened its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,557 shares of the iPhone maker’s stock after selling 46 shares during the period. Apple comprises 2.3% of Integrity Wealth Solutions LLC’s holdings, making the stock its 13th largest position. Integrity Wealth Solutions LLC’s holdings in Apple were worth $3,858,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. WJ Interests LLC bought a new position in shares of Apple during the 3rd quarter worth approximately $266,000. Evernest Financial Advisors LLC boosted its holdings in Apple by 298.9% during the third quarter. Evernest Financial Advisors LLC now owns 151,345 shares of the iPhone maker’s stock worth $35,263,000 after purchasing an additional 113,406 shares during the last quarter. Plimoth Trust Co. LLC grew its position in Apple by 1.0% in the third quarter. Plimoth Trust Co. LLC now owns 111,896 shares of the iPhone maker’s stock valued at $26,072,000 after purchasing an additional 1,093 shares in the last quarter. Venture Visionary Partners LLC increased its stake in Apple by 0.6% in the 3rd quarter. Venture Visionary Partners LLC now owns 349,192 shares of the iPhone maker’s stock valued at $81,361,000 after buying an additional 2,021 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Apple by 2.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,090,242 shares of the iPhone maker’s stock worth $254,026,000 after buying an additional 30,346 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.
Apple Stock Performance
Shares of NASDAQ:AAPL opened at $251.04 on Tuesday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $251.38. The company’s 50 day moving average price is $233.09 and its two-hundred day moving average price is $224.30. The firm has a market cap of $3.79 trillion, a PE ratio of 41.29, a PEG ratio of 2.41 and a beta of 1.23. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51.
Apple Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.
Insider Activity at Apple
In related news, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total value of $13,550,347.80. Following the transaction, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This trade represents a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 408,170 shares of company stock valued at $92,007,745 over the last quarter. 0.06% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of research firms recently issued reports on AAPL. New Street Research reaffirmed a “neutral” rating and issued a $225.00 target price on shares of Apple in a research report on Wednesday, September 25th. Loop Capital lowered their price target on Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Morgan Stanley reiterated an “overweight” rating and set a $273.00 price objective on shares of Apple in a research note on Friday. Evercore ISI reissued a “buy” rating and issued a $250.00 target price on shares of Apple in a research note on Thursday, September 26th. Finally, Moffett Nathanson dropped their price target on shares of Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $236.78.
Apple Profile
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
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