Apple Inc. $AAPL is Sargent Investment Group LLC’s 3rd Largest Position

Sargent Investment Group LLC cut its position in Apple Inc. (NASDAQ:AAPL) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 177,255 shares of the iPhone maker’s stock after selling 3,545 shares during the quarter. Apple accounts for 6.0% of Sargent Investment Group LLC’s portfolio, making the stock its 3rd largest position. Sargent Investment Group LLC’s holdings in Apple were worth $48,189,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. MLP3 LLC purchased a new position in shares of Apple in the fourth quarter valued at $2,587,000. MML Investors Services LLC boosted its stake in shares of Apple by 5.9% in the fourth quarter. MML Investors Services LLC now owns 2,778,119 shares of the iPhone maker’s stock valued at $755,260,000 after purchasing an additional 154,601 shares during the period. Mariner LLC boosted its stake in shares of Apple by 5.2% in the fourth quarter. Mariner LLC now owns 17,268,228 shares of the iPhone maker’s stock valued at $4,694,783,000 after purchasing an additional 853,890 shares during the period. MayTech Global Investments LLC boosted its stake in shares of Apple by 0.7% in the fourth quarter. MayTech Global Investments LLC now owns 157,467 shares of the iPhone maker’s stock valued at $42,810,000 after purchasing an additional 1,076 shares during the period. Finally, Next Century Growth Investors LLC boosted its stake in shares of Apple by 10.9% in the fourth quarter. Next Century Growth Investors LLC now owns 79,402 shares of the iPhone maker’s stock valued at $21,586,000 after purchasing an additional 7,824 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Up 1.8%

Shares of NASDAQ:AAPL opened at $296.42 on Tuesday. The stock has a market capitalization of $4.35 trillion, a price-to-earnings ratio of 35.84, a price-to-earnings-growth ratio of 2.53 and a beta of 1.09. Apple Inc. has a 1-year low of $195.07 and a 1-year high of $317.40. The company’s fifty day moving average is $286.45 and its two-hundred day moving average is $272.38. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. The company had revenue of $111.18 billion for the quarter, compared to analysts’ expectations of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 earnings per share. Equities analysts anticipate that Apple Inc. will post 8.75 EPS for the current year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. This is a positive change from Apple’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, May 11th. Apple’s dividend payout ratio is currently 13.06%.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 64,949 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the sale, the chief executive officer directly owned 3,280,418 shares of the company’s stock, valued at approximately $833,980,668.14. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ben Borders sold 1,274 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the sale, the insider directly owned 38,713 shares in the company, valued at $11,226,770. This trade represents a 3.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 97,759 shares of company stock valued at $24,964,305 over the last three months. 0.06% of the stock is currently owned by company insiders.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Wedbush said Apple’s WWDC AI rollout could be the “first step” toward adding as much as $100 to the stock, as investors focus on the company’s AI execution and the potential for a stronger Siri/Apple Intelligence roadmap. Article Title
• Positive Sentiment: Multiple reports on iOS 27 and Apple Intelligence suggest Apple is making progress on features that could improve older iPhones, expand software value, and strengthen the case for users to upgrade into the next product cycle. Article Title
• Positive Sentiment: Analyst commentary remains constructive, with several firms reiterating buy/overweight views and price targets clustered well above current levels, reinforcing a bullish long-term sentiment on AAPL. Article Title
• Neutral Sentiment: Several articles highlight Apple’s strong recent operating performance, including record iPhone demand and services revenue, but these are largely a rehash of prior earnings strength rather than a fresh catalyst. Article Title
• Negative Sentiment: A Yahoo Finance report says rising memory chip costs could pressure Apple’s hardware margins as AI features require more device memory, creating a potential headwind for profitability over the next few quarters. Article Title
• Negative Sentiment: Broader sentiment is also being dampened by articles noting that the Magnificent Seven, including Apple, have been weak in June and have lagged the broader market at times, which can weigh on near-term momentum. Article Title

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Moffett Nathanson upped their target price on shares of Apple from $241.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Apple in a research note on Monday, June 8th. DA Davidson reiterated a “neutral” rating and set a $270.00 price objective on shares of Apple in a research note on Friday, May 1st. Oppenheimer reiterated a “market perform” rating on shares of Apple in a research note on Tuesday, June 9th. Finally, Barclays reiterated an “underweight” rating on shares of Apple in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $314.59.

Apple Company Profile

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.