Argent Advisors Inc. Has $4.42 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Argent Advisors Inc. grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.3% in the third quarter, Holdings Channel reports. The fund owned 31,201 shares of the iPhone maker’s stock after buying an additional 79 shares during the quarter. Apple makes up about 2.5% of Argent Advisors Inc.’s portfolio, making the stock its 7th biggest position. Argent Advisors Inc.’s holdings in Apple were worth $4,415,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. Amundi bought a new stake in Apple in the second quarter worth $5,528,240,000. Vanguard Group Inc. lifted its position in Apple by 2.1% in the second quarter. Vanguard Group Inc. now owns 1,264,936,543 shares of the iPhone maker’s stock worth $173,245,709,000 after buying an additional 25,553,808 shares during the last quarter. Liberty Wealth Management LLC lifted its position in Apple by 13,998.4% in the second quarter. Liberty Wealth Management LLC now owns 25,320,849 shares of the iPhone maker’s stock worth $184,697,000 after buying an additional 25,141,248 shares during the last quarter. Nordea Investment Management AB lifted its position in Apple by 97.9% in the third quarter. Nordea Investment Management AB now owns 36,546,345 shares of the iPhone maker’s stock worth $5,239,285,000 after buying an additional 18,074,896 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its position in Apple by 515.0% in the second quarter. Macquarie Group Ltd. now owns 15,285,356 shares of the iPhone maker’s stock worth $2,093,483,000 after buying an additional 12,799,829 shares during the last quarter. Hedge funds and other institutional investors own 56.49% of the company’s stock.

In related news, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction dated Monday, November 1st. The stock was sold at an average price of $148.68, for a total transaction of $3,717,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris Kondo sold 9,005 shares of Apple stock in a transaction dated Friday, November 12th. The stock was sold at an average price of $150.00, for a total value of $1,350,750.00. The disclosure for this sale can be found here. Insiders have sold 218,081 shares of company stock valued at $32,383,704 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

A number of analysts recently issued reports on AAPL shares. Morgan Stanley raised their price target on Apple from $164.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 7th. Wedbush upgraded Apple to an “outperform” rating and increased their target price for the stock from $185.00 to $200.00 in a research note on Thursday, December 2nd. Zacks Investment Research lowered Apple from a “buy” rating to a “hold” rating and set a $171.00 target price on the stock. in a research note on Monday, November 1st. JPMorgan Chase & Co. set a $210.00 target price on Apple and gave the stock an “overweight” rating in a research note on Tuesday, December 14th. Finally, DZ Bank reiterated a “buy” rating on shares of Apple in a research note on Monday, December 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $176.74.

Shares of NASDAQ AAPL opened at $173.07 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.02 and a current ratio of 1.07. The company has a market cap of $2.83 trillion, a PE ratio of 30.80, a P/E/G ratio of 2.41 and a beta of 1.20. The business has a 50-day simple moving average of $167.84 and a two-hundred day simple moving average of $154.11. Apple Inc. has a fifty-two week low of $116.21 and a fifty-two week high of $182.94.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Wednesday, October 27th. The iPhone maker reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. The business had revenue of $83.40 billion during the quarter, compared to the consensus estimate of $84.94 billion. Apple had a return on equity of 144.13% and a net margin of 25.88%. The company’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the company earned $0.73 earnings per share. On average, sell-side analysts predict that Apple Inc. will post 5.82 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 11th. Shareholders of record on Monday, November 8th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Friday, November 5th. Apple’s dividend payout ratio is presently 15.66%.

Apple Profile

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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