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

Nadler Financial Group Inc. decreased its position in Apple Inc. (NASDAQ:AAPL) by 2.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,197 shares of the iPhone maker’s stock after selling 2,061 shares during the period. Apple makes up about 2.4% of Nadler Financial Group Inc.’s portfolio, making the stock its 16th biggest holding. Nadler Financial Group Inc.’s holdings in Apple were worth $28,704,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Carmel Capital Partners LLC grew its stake in Apple by 1.8% during the 2nd quarter. Carmel Capital Partners LLC now owns 12,256 shares of the iPhone maker’s stock valued at $3,546,000 after purchasing an additional 222 shares during the last quarter. Catalyst Financial Partners LLC raised its stake in shares of Apple by 5.6% in the second 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 holdings in shares of Apple by 44.9% during the second quarter. Saiph Capital LLC now owns 31,247 shares of the iPhone maker’s stock worth $9,042,000 after purchasing an additional 9,676 shares during the period. Ethic Inc. lifted its holdings in shares of Apple by 8.3% during the second quarter. Ethic Inc. now owns 1,616,480 shares of the iPhone maker’s stock worth $467,745,000 after purchasing an additional 123,835 shares during the period. Finally, Longbow Finance SA boosted its position in Apple by 17.0% in the second quarter. Longbow Finance SA now owns 186,711 shares of the iPhone maker’s stock valued at $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.

Analyst Upgrades and Downgrades

AAPL has been the topic of several research reports. DZ Bank downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $310.00 price target on the stock. in a report on Tuesday, August 4th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Apple in a report on Monday, June 8th. Barclays reiterated an “underweight” rating and issued a $245.00 price objective (down from $253.00) on shares of Apple in a research note on Friday, July 31st. Wells Fargo & Company restated an “overweight” rating and set a $350.00 target price (up from $310.00) on shares of Apple in a research report on Friday, July 31st. Finally, UBS Group reaffirmed a “neutral” rating on shares of Apple in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $330.61.

Insider Buying and Selling at Apple

In other news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total transaction of $456,177.39. Following the sale, the senior vice president directly owned 35,790 shares of the company’s stock, valued at $11,345,787.90. This represents a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $34,236.24. Following the sale, the insider owned 38,713 shares in the company, valued at $11,425,754.82. This trade represents a 0.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 5,872 shares of company stock worth $1,823,201. 0.06% of the stock is owned by company insiders.

Trending Headlines about Apple

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

Apple Trading Down 2.5%

Apple stock opened at $319.97 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a 12 month low of $225.95 and a 12 month high of $344.57. The stock’s 50 day simple moving average is $315.65 and its two-hundred day simple moving average is $290.34. The firm has a market cap of $4.67 trillion, a PE ratio of 36.69, a P/E/G ratio of 2.77 and a beta of 1.08.

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

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple’s dividend payout ratio (DPR) is currently 12.39%.

About Apple

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.