Apple Inc. (NASDAQ:AAPL) Position Increased by Nadler Financial Group Inc.

Nadler Financial Group Inc. raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 164,151 shares of the iPhone maker’s stock after buying an additional 639 shares during the period. Apple comprises about 4.3% of Nadler Financial Group Inc.’s holdings, making the stock its 9th largest holding. Nadler Financial Group Inc.’s holdings in Apple were worth $41,107,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. High Net Worth Advisory Group LLC boosted its position in Apple by 1.7% in the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock valued at $14,916,000 after buying an additional 1,066 shares during the period. Amara Financial LLC. acquired a new stake in shares of Apple in the third quarter valued at $288,000. Sterling Investment Counsel LLC boosted its holdings in Apple by 3.8% in the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after purchasing an additional 2,565 shares during the period. Silicon Valley Capital Partners grew its stake in Apple by 12.8% during the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after purchasing an additional 28,799 shares in the last quarter. Finally, Catalyst Financial Partners LLC increased its holdings in Apple by 4.2% during the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock worth $22,505,000 after purchasing an additional 3,935 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Trading Down 2.7 %

NASDAQ:AAPL opened at $217.90 on Monday. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock’s 50 day simple moving average is $230.70 and its 200-day simple moving average is $233.43. The firm has a market cap of $3.27 trillion, a P/E ratio of 34.59, a PEG ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AAPL. UBS Group lifted their price objective on Apple to $236.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. KeyCorp reiterated an “underweight” rating and issued a $200.00 price target on shares of Apple in a research note on Friday, January 31st. Argus upgraded shares of Apple to a “strong-buy” rating in a report on Friday, January 31st. Citigroup raised their price objective on shares of Apple from $255.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Redburn Partners set a $230.00 target price on shares of Apple in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.52.

About Apple

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.