Apple Inc. (NASDAQ:AAPL) is Radnor Capital Management LLC’s 4th Largest Position

Radnor Capital Management LLC raised its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 6.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,054 shares of the iPhone maker’s stock after buying an additional 3,568 shares during the period. Apple comprises about 2.1% of Radnor Capital Management LLC’s investment portfolio, making the stock its 4th biggest holding. Radnor Capital Management LLC’s holdings in Apple were worth $7,800,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cardinal Capital Management Inc. raised its holdings in Apple by 5,525.0% in the 1st quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock worth $39,000 after purchasing an additional 221 shares in the last quarter. Shore Point Advisors LLC bought a new position in Apple in the 4th quarter worth $41,000. CFS Investment Advisory Services LLC increased its stake in shares of Apple by 18,263.5% in the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock worth $47,000 after acquiring an additional 7,416,445 shares in the last quarter. Spence Asset Management bought a new position in shares of Apple in the 2nd quarter worth about $49,000. Finally, HBC Financial Services PLLC increased its stake in shares of Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after acquiring an additional 80 shares in the last quarter. 57.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the sale, the chief financial officer now owns 110,673 shares in the company, valued at approximately $19,362,241.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Luca Maestri sold 96,735 shares of Apple stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the sale, the chief financial officer now owns 110,673 shares in the company, valued at $19,362,241.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the sale, the senior vice president now owns 427,334 shares in the company, valued at approximately $70,411,823.18. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Oppenheimer reiterated an “outperform” rating and issued a $190.00 price target on shares of Apple in a research note on Wednesday, June 8th. Rosenblatt Securities decreased their price target on shares of Apple from $168.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Deutsche Bank Aktiengesellschaft set a $175.00 price target on shares of Apple in a research note on Monday, August 1st. Sanford C. Bernstein set a $170.00 price target on shares of Apple in a research note on Monday, September 12th. Finally, UBS Group set a $185.00 price objective on shares of Apple in a research note on Wednesday, September 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.68.

Apple Stock Performance

AAPL opened at $153.72 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.63. The company has a market cap of $2.47 trillion, a price-to-earnings ratio of 25.37, a PEG ratio of 2.00 and a beta of 1.23. The company’s 50 day moving average is $160.23 and its 200 day moving average is $155.88. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last released its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. Apple had a net margin of 25.71% and a return on equity of 152.97%. The company had revenue of $82.96 billion for the quarter, compared to analysts’ expectations of $82.97 billion. During the same quarter last year, the business earned $1.30 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that Apple Inc. will post 6.11 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Shareholders of record on Monday, August 8th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Friday, August 5th. Apple’s payout ratio is 15.18%.

Apple Profile

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Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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