Apple Inc. (NASDAQ:AAPL) is Sargent Investment Group LLC’s 2nd Largest Position

Sargent Investment Group LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,562 shares of the iPhone maker’s stock after acquiring an additional 3,938 shares during the period. Apple accounts for about 6.7% of Sargent Investment Group LLC’s investment portfolio, making the stock its 2nd largest holding. Sargent Investment Group LLC’s holdings in Apple were worth $32,975,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AAPL. Norway Savings Bank raised its holdings in shares of Apple by 1.8% during the first quarter. Norway Savings Bank now owns 47,130 shares of the iPhone maker’s stock valued at $8,082,000 after purchasing an additional 815 shares during the last quarter. New England Research & Management Inc. grew its holdings in shares of Apple by 6.3% in the first quarter. New England Research & Management Inc. now owns 32,702 shares of the iPhone maker’s stock worth $5,608,000 after acquiring an additional 1,941 shares during the period. Astoria Portfolio Advisors LLC. grew its position in Apple by 7.7% during the first quarter. Astoria Portfolio Advisors LLC. now owns 29,302 shares of the iPhone maker’s stock valued at $5,060,000 after buying an additional 2,088 shares during the period. Fidelity D & D Bancorp Inc. increased its holdings in Apple by 9.6% during the first quarter. Fidelity D & D Bancorp Inc. now owns 10,067 shares of the iPhone maker’s stock valued at $1,726,000 after buying an additional 884 shares during the last quarter. Finally, Total Investment Management Inc. increased its holdings in Apple by 4.5% during the first quarter. Total Investment Management Inc. now owns 31,804 shares of the iPhone maker’s stock valued at $5,454,000 after buying an additional 1,363 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Insiders Place Their Bets

In other Apple news, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the completion of the sale, the senior vice president now directly owns 187,043 shares of the company’s stock, valued at $42,309,126.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the sale, the insider now directly owns 15,419 shares in the company, valued at approximately $3,469,275. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were 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 directly owns 187,043 shares in the company, valued at approximately $42,309,126.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 417,924 shares of company stock valued at $94,142,399. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Melius Research reissued a “buy” rating and set a $265.00 price target on shares of Apple in a report on Tuesday, August 27th. Barclays reduced their price target on shares of Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday. Tigress Financial raised their price objective on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group increased their price target on Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, TD Cowen lifted their price objective on Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $235.51.

Apple Stock Performance

AAPL opened at $222.01 on Tuesday. The stock has a market cap of $3.38 trillion, a P/E ratio of 36.51, a P/E/G ratio of 2.41 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The firm has a fifty day moving average price of $227.07 and a 200 day moving average price of $213.03. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a return on equity of 145.09% and a net margin of 23.97%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 EPS. Equities research analysts anticipate that Apple Inc. will post 7.48 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Apple’s payout ratio is 16.45%.

About Apple

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.