Nadler Financial Group Inc. Purchases 317 Shares of Apple Inc. (AAPL)
Nadler Financial Group Inc. raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,034 shares of the iPhone maker’s stock after buying an additional 317 shares during the period. Apple comprises about 2.8% of Nadler Financial Group Inc.’s holdings, making the stock its 10th largest holding. Nadler Financial Group Inc.’s holdings in Apple were worth $8,214,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Saratoga Research & Investment Management boosted its holdings in Apple by 0.6% in the first quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock valued at $95,840,000 after purchasing an additional 4,137 shares during the period. Pinnacle Bank purchased a new position in Apple in the first quarter valued at $1,924,000. Green Square Capital LLC boosted its holdings in Apple by 6.7% in the first quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock valued at $12,564,000 after purchasing an additional 5,491 shares during the period. Nicolet Bankshares Inc. boosted its holdings in Apple by 3.1% in the first quarter. Nicolet Bankshares Inc. now owns 27,684 shares of the iPhone maker’s stock valued at $3,977,000 after purchasing an additional 844 shares during the period. Finally, Jaffetilchin Investment Partners LLC boosted its holdings in Apple by 2.0% in the first quarter. Jaffetilchin Investment Partners LLC now owns 43,345 shares of the iPhone maker’s stock valued at $6,227,000 after purchasing an additional 848 shares during the period. Institutional investors and hedge funds own 60.36% of the company’s stock.
In related news, CEO Timothy D. Cook sold 268,623 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 541,177 shares of company stock valued at $85,864,804. Insiders own 0.08% of the company’s stock.
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Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. During the same period in the previous year, the firm posted $1.42 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis.
AAPL has been the subject of a number of recent research reports. Morgan Stanley lifted their target price on Apple from $177.00 to $182.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Needham & Company LLC reiterated a “buy” rating and issued a $175.00 target price (up from $165.00) on shares of Apple in a report on Wednesday, August 2nd. They noted that the move was a valuation call. Cleveland Research upgraded Apple from a “neutral” rating to a “buy” rating and set a $197.00 target price for the company in a report on Tuesday, August 29th. Bank of America Corporation reiterated a “buy” rating and issued a $180.00 target price (up from $175.00) on shares of Apple in a report on Wednesday, August 2nd. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $180.00 target price on shares of Apple in a report on Monday, July 10th. Nine equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $189.73.
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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