Apple Inc. $AAPL Shares Sold by Nadler Financial Group Inc.

Nadler Financial Group Inc. trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,197 shares of the iPhone maker’s stock after selling 2,061 shares during the period. Apple accounts for 2.4% of Nadler Financial Group Inc.’s holdings, making the stock its 16th biggest position. Nadler Financial Group Inc.’s holdings in Apple were worth $28,704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of AAPL. Carmel Capital Partners LLC increased its stake in shares of Apple by 1.8% during the second quarter. Carmel Capital Partners LLC now owns 12,256 shares of the iPhone maker’s stock worth $3,546,000 after purchasing an additional 222 shares in the last quarter. Catalyst Financial Partners LLC raised its position in shares of Apple by 5.6% during the 2nd quarter. Catalyst Financial Partners LLC now owns 129,671 shares of the iPhone maker’s stock worth $37,522,000 after purchasing an additional 6,820 shares during the last quarter. Saiph Capital LLC lifted its stake in Apple by 44.9% in the 2nd quarter. Saiph Capital LLC now owns 31,247 shares of the iPhone maker’s stock valued at $9,042,000 after buying an additional 9,676 shares in the last quarter. Ethic Inc. lifted its stake in Apple by 8.3% in the 2nd quarter. Ethic Inc. now owns 1,616,480 shares of the iPhone maker’s stock valued at $467,745,000 after buying an additional 123,835 shares in the last quarter. Finally, Longbow Finance SA boosted its holdings in Apple by 17.0% in the 2nd quarter. Longbow Finance SA now owns 186,711 shares of the iPhone maker’s stock worth $54,027,000 after buying an additional 27,087 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s Sept. 9 product event is generating significant interest under new CEO John Ternus, with expectations for new iPhones, an Apple Watch update and potentially the company’s first foldable iPhone. Citi estimates the foldable device could sell 7.3 million units despite a possible price above $2,000. Citi foldable iPhone sales forecast
• Positive Sentiment: Apple’s latest quarter showed strong momentum, with revenue rising 16.4% year over year and earnings exceeding analyst expectations. Morgan Stanley has also suggested the foldable iPhone could contribute roughly $14 billion in December-quarter revenue if successfully launched. Morgan Stanley foldable iPhone estimate
• Neutral Sentiment: John Ternus has succeeded Tim Cook as CEO, while Cook remains executive chairman. The transition offers continuity through a longtime Apple executive but raises questions about whether Ternus can accelerate Apple’s artificial-intelligence strategy and sustain Cook-era growth. John Ternus becomes Apple CEO
• Negative Sentiment: Reports indicate initial foldable iPhone production was only a few hundred units per day in late August. Tight quality controls and memory shortages could limit launch supply, delay purchases and prevent Apple from fully capturing expected demand. Foldable iPhone production hurdles
• Negative Sentiment: Memory costs have reportedly surged, potentially forcing Apple to raise iPhone prices, absorb lower margins or risk weaker demand. Jefferies has also downgraded AAPL amid skepticism about the foldable product’s market potential. iPhone memory cost concerns
• Negative Sentiment: Apple faces a $2.7 billion UK lawsuit over alleged unfair app-tracking rules and a separate BASF patent lawsuit involving facial-authentication technology, adding regulatory and litigation risk. Apple UK app-tracking lawsuit

Analysts Set New Price Targets

AAPL has been the subject of several research reports. Maxim Group reiterated a “buy” rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a research note on Tuesday, June 9th. DZ Bank downgraded Apple from a “buy” rating to a “hold” rating and set a $310.00 target price on the stock. in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft lowered Apple from a “buy” rating to a “hold” rating in a research note on Monday, August 17th. Wedbush reiterated an “outperform” rating and set a $400.00 price target on shares of Apple in a research report on Friday, June 5th. Finally, Phillip Securities downgraded Apple from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus price target of $330.61.

Apple Trading Down 2.5%

AAPL opened at $319.97 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The company’s 50 day simple moving average is $315.65 and its two-hundred day simple moving average is $290.34. Apple Inc. has a 1-year low of $225.95 and a 1-year high of $344.57. The firm has a market capitalization of $4.67 trillion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same period in the prior year, the business earned $1.57 earnings per share. The business’s revenue was up 16.4% compared to the same quarter last year. Analysts expect that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple’s dividend payout ratio (DPR) is 12.39%.

Insider Buying and Selling at Apple

In related news, insider Ben Borders sold 116 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total transaction of $456,177.39. Following the transaction, the senior vice president directly owned 35,790 shares in the company, valued at $11,345,787.90. This trade represents a 3.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 5,872 shares of company stock worth $1,823,201. Insiders own 0.06% of the company’s stock.

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.