Integrity Wealth Solutions LLC Trims Stake in Apple Inc. (NASDAQ:AAPL)

Integrity Wealth Solutions LLC cut its holdings in Apple Inc. (NASDAQ:AAPL) by 6.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,522 shares of the iPhone maker’s stock after selling 1,035 shares during the quarter. Apple accounts for 2.2% of Integrity Wealth Solutions LLC’s investment portfolio, making the stock its 13th largest position. Integrity Wealth Solutions LLC’s holdings in Apple were worth $3,887,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. High Net Worth Advisory Group LLC boosted its stake in Apple by 1.7% during the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after buying an additional 1,066 shares during the last quarter. Amara Financial LLC. acquired a new position in Apple during the 3rd quarter worth about $288,000. Sterling Investment Counsel LLC increased its holdings in Apple by 3.8% during the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after purchasing an additional 2,565 shares during the period. Silicon Valley Capital Partners increased its holdings in Apple by 12.8% during the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after purchasing an additional 28,799 shares during the period. Finally, Catalyst Financial Partners LLC increased its holdings in shares of Apple by 4.2% in the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock valued at $22,505,000 after acquiring an additional 3,935 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Trading Up 1.9 %

Shares of NASDAQ AAPL opened at $218.27 on Friday. The stock’s 50 day moving average price is $231.82 and its two-hundred day moving average price is $233.26. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The stock has a market capitalization of $3.28 trillion, a P/E ratio of 34.65, a PEG ratio of 2.44 and a beta of 1.18. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data 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, analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given 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 payout ratio is 15.87%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AAPL shares. Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $230.00 target price for the company. in a research report on Tuesday, January 21st. Bank of America raised their price target on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. Citigroup raised their price objective on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Raymond James raised their price target on Apple to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 20th. Finally, Maxim Group upped their target price on Apple to $215.00 and gave the company a “hold” rating in a research note on Friday, February 21st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently 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.