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

Radnor Capital Management LLC increased its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 6.7% in the second quarter, Holdings Channel reports. The fund owned 57,054 shares of the iPhone maker’s stock after purchasing an additional 3,568 shares during the quarter. Apple accounts for approximately 2.1% of Radnor Capital Management LLC’s portfolio, making the stock its 4th largest position. Radnor Capital Management LLC’s holdings in Apple were worth $7,800,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Apple by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after acquiring an additional 8,734,393 shares during the period. State Street Corp lifted its stake in Apple by 1.8% in the fourth quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock worth $112,422,274,000 after acquiring an additional 10,951,705 shares during the period. Geode Capital Management LLC lifted its stake in Apple by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 264,351,901 shares of the iPhone maker’s stock worth $46,812,958,000 after acquiring an additional 4,456,954 shares during the period. Norges Bank purchased a new stake in Apple in the fourth quarter worth about $25,228,507,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Apple by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock worth $14,097,970,000 after purchasing an additional 1,155,915 shares in the last quarter. 57.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 96,735 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total value 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 legal filing with the SEC, which is available at the SEC website. In other news, CFO Luca Maestri sold 96,735 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the transaction, the chief financial officer now owns 110,673 shares in the company, valued at approximately $19,362,241.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Katherine L. Adams sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the transaction, 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. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on AAPL shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $139.00 target price on shares of Apple in a report on Thursday, September 8th. Citigroup boosted their target price on shares of Apple from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, July 29th. KeyCorp boosted their target price on shares of Apple from $177.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, August 19th. Rosenblatt Securities reduced their target price on shares of Apple from $168.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, July 29th. Finally, Barclays set a $169.00 target price on shares of Apple in a report on Wednesday, September 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $181.68.

Apple Price Performance

Shares of NASDAQ: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. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94. The company’s 50 day moving average is $160.23 and its 200 day moving average is $155.88. The company has a market cap of $2.47 trillion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 2.00 and a beta of 1.23.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, topping the consensus estimate of $1.14 by $0.06. Apple had a return on equity of 152.97% and a net margin of 25.71%. The business had revenue of $82.96 billion for the quarter, compared to analyst estimates of $82.97 billion. During the same quarter in the prior year, the firm posted $1.30 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts forecast that Apple Inc. will post 6.11 EPS for the current year.

Apple Dividend Announcement

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

Apple Company Profile

(Get Rating)

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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