Radnor Capital Management LLC Buys 6,857 Shares of Apple Inc. (NASDAQ:AAPL)

Radnor Capital Management LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 9.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,929 shares of the iPhone maker’s stock after acquiring an additional 6,857 shares during the quarter. Apple accounts for about 2.8% of Radnor Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Radnor Capital Management LLC’s holdings in Apple were worth $18,623,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Lantz Financial LLC boosted its stake in shares of Apple by 8.6% during the 2nd quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock valued at $6,266,000 after buying an additional 2,361 shares during the last quarter. New Perspectives Inc boosted its stake in Apple by 0.8% during the 2nd quarter. New Perspectives Inc now owns 12,600 shares of the iPhone maker’s stock valued at $2,654,000 after acquiring an additional 100 shares during the last quarter. Patrick M Sweeney & Associates Inc. grew its holdings in Apple by 0.7% during the 2nd quarter. Patrick M Sweeney & Associates Inc. now owns 38,077 shares of the iPhone maker’s stock worth $8,020,000 after acquiring an additional 269 shares in the last quarter. Abundance Wealth Counselors increased its position in shares of Apple by 0.9% in the 2nd quarter. Abundance Wealth Counselors now owns 55,203 shares of the iPhone maker’s stock worth $11,627,000 after purchasing an additional 491 shares during the last quarter. Finally, AlphaMark Advisors LLC raised its stake in shares of Apple by 2.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 12,639 shares of the iPhone maker’s stock valued at $2,662,000 after purchasing an additional 356 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Apple Price Performance

NASDAQ AAPL opened at $236.85 on Friday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a market capitalization of $3.58 trillion, a PE ratio of 38.96, a P/E/G ratio of 2.41 and a beta of 1.20. The company’s 50 day simple moving average is $240.18 and its 200 day simple moving average is $229.95.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 earnings per share. As a group, equities research analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.42%. Apple’s dividend payout ratio (DPR) is 16.45%.

Wall Street Analyst Weigh In

AAPL has been the subject of several research analyst reports. Barclays boosted their price objective on Apple to $184.00 and gave the company a “sell” rating in a report on Friday. Loop Capital lowered their price target on Apple from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, November 4th. New Street Research reissued a “neutral” rating and set a $225.00 price target on shares of Apple in a research report on Wednesday, September 25th. Sanford C. Bernstein lifted their price objective on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price objective on shares of Apple in a research report on Tuesday, December 10th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $239.85.

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.