Integrity Financial Corp WA decreased its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 15.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,337 shares of the iPhone maker’s stock after selling 5,174 shares during the period. Apple comprises 3.8% of Integrity Financial Corp WA’s investment portfolio, making the stock its 3rd biggest position. Integrity Financial Corp WA’s holdings in Apple were worth $7,910,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Prospect Hill Management LLC purchased a new position in Apple during the second quarter valued at $146,370,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Apple in the second quarter worth approximately $168,646,000. Wealthfront Advisers LLC purchased a new stake in shares of Apple during the second quarter worth approximately $482,388,000. Satovsky Asset Management LLC purchased a new stake in shares of Apple during the second quarter worth approximately $16,064,000. Finally, Saranac Partners Ltd acquired a new position in Apple in the 2nd quarter valued at $9,513,000. Institutional investors and hedge funds own 67.73% of the company’s stock.
Insider Activity at Apple
In related news, SVP Jennifer Newstead sold 2,399 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total value of $806,495.82. Following the transaction, the senior vice president directly owned 41,992 shares in the company, valued at approximately $14,116,870.56. This represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 13,430 shares of company stock worth $4,342,255. 0.06% of the stock is currently owned by insiders.
Trending Headlines about Apple
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple is launching new safeguards designed to protect its devices from probing AI agents. The move may strengthen user trust and help preserve Apple’s security-focused ecosystem as agentic AI becomes more prominent. Apple Launches New Safeguards Against AI Agents
- Positive Sentiment: The fall product cycle remains a near-term tailwind. Morgan Stanley modestly raised its revenue forecast after Apple’s launches, while Counterpoint reportedly expects about 6 million sales of the $1,999 foldable iPhone Duo this year. New Apple Watch health features and potential smart-home products could also broaden the company’s ecosystem. Apple’s Fall Product Cycle Could Support Revenue Growth
- Neutral Sentiment: Morgan Stanley maintained an Overweight rating but lowered its price target to $355 from $360. Higher memory and component costs, along with possible iPhone pricing pressure, are offsetting much of the expected product-revenue benefit. Morgan Stanley Adjusts Price Target on Apple
- Negative Sentiment: A jury’s $5.7 billion patent verdict against Apple has raised concerns about potential ongoing royalties and pressure on hardware margins. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
- Negative Sentiment: Investors remain worried that AI agents from rivals such as Meta could bypass the App Store and weaken Apple’s high-margin services business. Analysts also see limited upside after Apple’s strong run and its relatively rich valuation.
- Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares valued at approximately $806,496, reducing her direct holdings by 5.4%. The transaction is small relative to her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered Apple from a “buy” rating to a “hold” rating in a report on Monday, August 17th. Oppenheimer reaffirmed a “market perform” rating on shares of Apple in a report on Thursday, September 10th. KGI Securities cut shares of Apple from an “outperform” rating to a “hold” rating and set a $315.00 target price for the company. in a research report on Monday, June 22nd. Sanford C. Bernstein reissued an “outperform” rating on shares of Apple in a research note on Friday, September 25th. Finally, Citic Securities boosted their price target on shares of Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $340.02.
Apple Stock Performance
Shares of AAPL stock opened at $333.69 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $345.34. The company’s 50-day moving average price is $322.16 and its 200-day moving average price is $300.35. The stock has a market cap of $4.87 trillion, a price-to-earnings ratio of 38.27, a PEG ratio of 2.66 and a beta of 1.07.
Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. During the same period last year, the business earned $1.57 earnings per share. Apple’s revenue was up 16.4% compared to the same quarter last year. As a group, equities analysts predict that Apple Inc. will post 8.75 earnings per share for the current year.
Apple Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple’s dividend payout ratio (DPR) is currently 12.39%.
Apple Profile
Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.
Apple’s services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.
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