Apple Inc. $AAPL is Radnor Capital Management LLC’s 6th Largest Position

Radnor Capital Management LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,042 shares of the iPhone maker’s stock after purchasing an additional 148 shares during the period. Apple makes up 2.4% of Radnor Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. Radnor Capital Management LLC’s holdings in Apple were worth $15,191,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. ROSS JOHNSON & Associates LLC grew its position in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 180 shares during the period. Conquis Financial LLC bought a new stake in Apple during the fourth quarter valued at approximately $63,000. LSV Asset Management bought a new stake in Apple during the fourth quarter valued at approximately $65,000. Elite Financial Inc. bought a new stake in Apple during the first quarter valued at approximately $58,000. Finally, HFM Investment Advisors LLC bought a new stake in Apple during the first quarter valued at approximately $99,000. 67.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of recent analyst reports. Wedbush set a $310.00 price target on shares of Apple and gave the stock an “outperform” rating in a research report on Monday. JPMorgan Chase & Co. upped their price target on shares of Apple from $255.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Tigress Financial upped their price target on shares of Apple from $300.00 to $305.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, September 17th. Morgan Stanley set a $240.00 price target on shares of Apple and gave the stock an “overweight” rating in a research report on Wednesday, September 3rd. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $266.00 price target on shares of Apple in a research report on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $244.66.

Apple Price Performance

AAPL stock opened at $252.31 on Thursday. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The company’s fifty day moving average price is $227.04 and its 200-day moving average price is $212.78. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market capitalization of $3.74 trillion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 2.64 and a beta of 1.11.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping the consensus estimate of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. During the same quarter in the previous year, the firm earned $1.40 earnings per share. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s payout ratio is 15.78%.

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 34,821 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the sale, the senior vice president owned 136,687 shares of the company’s stock, valued at $30,508,538.40. This represents a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.06% of the company’s stock.

Apple Profile

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.