Integrity Wealth Solutions LLC Sells 1,035 Shares of Apple Inc. (NASDAQ:AAPL)

Integrity Wealth Solutions LLC lessened its position in Apple Inc. (NASDAQ:AAPL) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,522 shares of the iPhone maker’s stock after selling 1,035 shares during the period. Apple accounts for 2.2% of Integrity Wealth Solutions LLC’s investment portfolio, making the stock its 13th biggest position. Integrity Wealth Solutions LLC’s holdings in Apple were worth $3,887,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Nilsine Partners LLC boosted its stake in shares of Apple by 14.9% during the 4th quarter. Nilsine Partners LLC now owns 215,098 shares of the iPhone maker’s stock valued at $53,865,000 after purchasing an additional 27,973 shares in the last quarter. Berkshire Bank lifted its position in Apple by 2.7% during the 4th quarter. Berkshire Bank now owns 89,580 shares of the iPhone maker’s stock valued at $22,433,000 after acquiring an additional 2,360 shares during the period. Lebenthal Global Advisors LLC lifted its position in Apple by 2.7% during the 4th quarter. Lebenthal Global Advisors LLC now owns 50,810 shares of the iPhone maker’s stock valued at $12,724,000 after acquiring an additional 1,321 shares during the period. Baldwin Wealth Partners LLC MA lifted its position in Apple by 1.7% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 404,041 shares of the iPhone maker’s stock valued at $101,180,000 after acquiring an additional 6,682 shares during the period. Finally, Foundations Investment Advisors LLC lifted its position in Apple by 6.3% during the 4th quarter. Foundations Investment Advisors LLC now owns 363,124 shares of the iPhone maker’s stock valued at $90,934,000 after acquiring an additional 21,507 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

Shares of Apple stock opened at $218.27 on Friday. The firm has a market cap of $3.28 trillion, a P/E ratio of 34.65, a P/E/G ratio of 2.44 and a beta of 1.18. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The stock’s fifty day moving average price is $231.82 and its 200-day moving average price is $233.26.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, equities research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is 15.87%.

Analysts Set New Price Targets

Several brokerages have issued reports on AAPL. Sanford C. Bernstein lifted their target price on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Evercore ISI lifted their target price on Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday. Monness Crespi & Hardt upped their target price on shares of Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Wedbush restated an “outperform” rating and issued a $325.00 price target on shares of Apple in a research note on Friday, March 14th. Finally, TD Cowen reiterated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $243.65.

Apple Company 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.