Nadler Financial Group Inc. Sells 307 Shares of Apple Inc. (NASDAQ:AAPL)

Nadler Financial Group Inc. reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 164,173 shares of the iPhone maker’s stock after selling 307 shares during the period. Apple makes up about 4.1% of Nadler Financial Group Inc.’s holdings, making the stock its 11th largest holding. Nadler Financial Group Inc.’s holdings in Apple were worth $34,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of AAPL. Christopher J. Hasenberg Inc purchased a new stake in Apple in the 1st quarter worth $35,000. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Apple in the fourth quarter worth about $39,000. University of Texas Texas AM Investment Managment Co. lifted its position in shares of Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after buying an additional 368 shares in the last quarter. Clarity Asset Management Inc. bought a new position in Apple during the fourth quarter valued at approximately $85,000. Finally, Clear Street Markets LLC grew its holdings in Apple by 100.6% during the 4th quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock valued at $93,000 after buying an additional 83,965 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insiders Place Their Bets

In related news, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris Kondo sold 8,706 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,469,275. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,884 shares of company stock valued at $23,723,887. Insiders own 0.06% of the company’s stock.

Apple Trading Down 0.3 %

NASDAQ:AAPL opened at $228.20 on Friday. The stock has a market capitalization of $3.50 trillion, a price-to-earnings ratio of 35.49, a PEG ratio of 2.62 and a beta of 1.24. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.23. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The firm has a 50 day moving average of $222.41 and a 200 day moving average of $200.19.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. During the same quarter in the prior year, the business posted $1.26 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio is presently 15.55%.

Analysts Set New Price Targets

Several analysts have recently issued reports on AAPL shares. Citigroup reaffirmed a “buy” rating and set a $255.00 price objective on shares of Apple in a report on Tuesday, August 27th. Tigress Financial upped their price target on shares of Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research note on Wednesday, August 28th. UBS Group lifted their price objective on shares of Apple from $190.00 to $236.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. Needham & Company LLC restated a “buy” rating and set a $260.00 target price on shares of Apple in a research report on Thursday. Finally, Piper Sandler Companies reaffirmed a “neutral” rating and issued a $225.00 price target (up previously from $190.00) on shares of Apple in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $239.17.

Apple Profile

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.