Sargent Investment Group LLC Maintains $30.67 Million Stake in Apple Inc.

Sargent Investment Group LLC has reaffirmed its confidence in Apple Inc. (NASDAQ:AAPL) by increasing their ownership slightly in the 3rd quarter. The group now holds 179,115 shares of the tech giant after purchasing an additional 1,919 shares, with Apple constituting 7.4% of their total investment portfolio and becoming their 2nd largest position. The total value of Sargent Investment Group LLC's Apple shares rose to $30.67 million, as stated in the latest filings with the Securities & Exchange Commission.

Other Investors Adjusting AAPL Holdings

Various significant investors have also made adjustments to their Apple stakes. Conservest Capital Advisors Inc. marginally raised their investment by 0.3%, ending the 3rd quarter with 16,802 Apple shares, worth $2.88 million. Similarly, Mokosak Advisory Group LLC's holdings saw a 1.1% increase during the 2nd quarter, reaching a total of 5,562 shares valued at $1.08 million. Several others like Kraft Davis & Associates LLC and Cassia Capital Partners LLC had comparable minor increases in their holdings, indicating a continuous investor interest in Apple stocks among institutional investors who currently hold 58.51% of Apple's shares.

Recent Analyst Ratings for Apple

Apple has recently undergone numerous analyst reviews. For instance, Redburn Atlantic downgraded the company to a 'neutral' stance, while Citigroup reaffirmed their 'buy' rating. Price target adjustments were noted by Piper Sandler, who reduced their target, and The Goldman Sachs Group, who increased theirs. Overall, market analysts have given Apple a 'Moderate Buy' rating with a consensus price target hovering around $205.27.

Apple's Financial Performance

The opening price for Apple shares was listed at $170.73. Apple currently boasts a market capitalization of $2.64 trillion, PE ratio of 26.59, and a beta of 1.29. Their recent earnings report exceeded expectations with earnings of $2.18 per share, outpacing forecasts and showcasing a revenue surge of 2.1% year-over-year to $119.60 billion. Future projections estimate that Apple will post an EPS of 6.55 for the current fiscal year.

Apple's Dividends and Insider Activity

A consistent performer, Apple declared a $0.24 quarterly dividend, maintaining a dividend yield of 0.56% and a healthy dividend payout ratio of 14.95%. In other news, company insiders have been active in the market, with Director Arthur D. Levinson selling 100,000 shares worth over $18 million in total. Following this transaction, Levinson still holds a significant number of shares valued at approximately $802 million.

Company Overview

Apple Inc. is a leading global innovator in technology, producing a wide array of consumer electronics, including its famous iPhones, Mac computers, iPads, and wearable devices, all complemented by a variety of services and applications that continue to attract consumers and investors alike.

Sargent, Apple, Investment