Integrity Financial Corp WA Has $7.68 Million Position in Apple Inc. (NASDAQ:AAPL)

Integrity Financial Corp WA lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 18.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,980 shares of the iPhone maker’s stock after buying an additional 5,225 shares during the quarter. Apple comprises 4.5% of Integrity Financial Corp WA’s portfolio, making the stock its 5th biggest holding. Integrity Financial Corp WA’s holdings in Apple were worth $7,684,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. grew its holdings in Apple by 127.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after acquiring an additional 42,282 shares during the period. Westwood Holdings Group Inc. grew its holdings in Apple by 2.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 761,774 shares of the iPhone maker’s stock worth $130,629,000 after acquiring an additional 17,519 shares during the period. Lavaca Capital LLC grew its holdings in Apple by 171.4% during the 1st quarter. Lavaca Capital LLC now owns 42,930 shares of the iPhone maker’s stock worth $7,362,000 after acquiring an additional 27,111 shares during the period. Caxton Associates LP grew its holdings in Apple by 97.3% during the 1st quarter. Caxton Associates LP now owns 157,833 shares of the iPhone maker’s stock worth $27,065,000 after acquiring an additional 77,819 shares during the period. Finally, Silvercrest Asset Management Group LLC grew its holdings in Apple by 1.2% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 822,174 shares of the iPhone maker’s stock worth $140,986,000 after acquiring an additional 10,031 shares during the period. 67.73% of the stock is owned by institutional investors.

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. The trade was a 6.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 61,019 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the sale, the senior vice president now owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. The trade was a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 408,170 shares of company stock valued at $92,007,745. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Up 1.0 %

Shares of NASDAQ AAPL opened at $253.48 on Wednesday. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $253.83. The firm has a 50 day moving average price of $233.64 and a two-hundred day moving average price of $224.73. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The stock has a market cap of $3.83 trillion, a P/E ratio of 41.69, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.46 earnings per share. As a group, equities analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.39%. Apple’s dividend payout ratio is currently 16.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AAPL shares. Wedbush reissued an “outperform” rating and set a $300.00 price target on shares of Apple in a research report on Friday, November 29th. Piper Sandler reissued a “neutral” rating and set a $225.00 price target on shares of Apple in a research report on Wednesday, October 9th. Melius Research reissued a “buy” rating and set a $265.00 price target on shares of Apple in a research report on Tuesday, August 27th. UBS Group reissued a “neutral” rating and set a $236.00 price target on shares of Apple in a research report on Monday, December 2nd. Finally, Moffett Nathanson cut their price objective 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 given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.78.

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.