Apple Inc. (NASDAQ:AAPL) is Integral Investment Advisors Inc.’s 10th Largest Position

Integral Investment Advisors Inc. increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,948 shares of the iPhone maker’s stock after purchasing an additional 489 shares during the quarter. Apple makes up about 3.2% of Integral Investment Advisors Inc.’s holdings, making the stock its 10th biggest position. Integral Investment Advisors Inc.’s holdings in Apple were worth $10,004,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Drystone LLC bought a new position in Apple during the fourth quarter valued at about $25,000. Life Planning Partners Inc purchased a new position in Apple in the fourth quarter valued at about $47,000. SPX Gestao de Recursos Ltda bought a new position in shares of Apple during the 3rd quarter valued at approximately $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple during the 3rd quarter worth approximately $77,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Apple in the 4th quarter worth approximately $96,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on AAPL. Bank of America decreased their target price on Apple from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Sanford C. Bernstein lifted their price objective on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Redburn Partners set a $230.00 price objective on Apple in a research note on Friday, January 31st. Morgan Stanley increased their target price on shares of Apple from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, China Renaissance assumed coverage on shares of Apple in a research report on Tuesday, April 22nd. They issued a “buy” rating and a $241.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $232.63.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 35,493 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total value of $7,950,786.93. Following the completion of the sale, the chief operating officer now owns 390,059 shares of the company’s stock, valued at approximately $87,377,116.59. This represents a 8.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the transaction, the senior vice president now directly owns 179,158 shares in the company, valued at approximately $40,072,269.86. This represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,021 shares of company stock valued at $41,760,140 over the last quarter. 0.06% of the stock is owned by corporate insiders.

Apple Stock Performance

Apple stock opened at $213.32 on Friday. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The firm’s fifty day moving average price is $212.98 and its 200-day moving average price is $228.83. The stock has a market cap of $3.20 trillion, a P/E ratio of 33.86, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.03. Apple had a return on equity of 160.83% and a net margin of 24.30%. The business had revenue of $95.36 billion for the quarter, compared to the consensus estimate of $94.04 billion. During the same quarter last year, the business posted $1.53 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 12th will be given a $0.26 dividend. This is an increase from Apple’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 0.49%. Apple’s payout ratio is presently 15.87%.

Apple announced that its board has authorized a share repurchase plan on Thursday, May 1st that authorizes the company to repurchase $100.00 billion in shares. This repurchase authorization authorizes the iPhone maker to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

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.