Radnor Capital Management LLC Buys 470 Shares of Apple Inc. (NASDAQ:AAPL)


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Radnor Capital Management LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,102 shares of the iPhone maker’s stock after purchasing an additional 470 shares during the period. Apple makes up about 2.0% of Radnor Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Radnor Capital Management LLC’s holdings in Apple were worth $7,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in AAPL. Staley Capital Advisers Inc. lifted its position in shares of Apple by 2.2% during the second quarter. Staley Capital Advisers Inc. now owns 43,132 shares of the iPhone maker’s stock worth $15,735,000 after purchasing an additional 939 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Apple by 1.7% in the second quarter. Sequoia Financial Advisors LLC now owns 99,281 shares of the iPhone maker’s stock valued at $36,218,000 after buying an additional 1,625 shares during the period. BSW Wealth Partners lifted its holdings in Apple by 7.4% in the second quarter. BSW Wealth Partners now owns 14,083 shares of the iPhone maker’s stock valued at $5,137,000 after buying an additional 965 shares during the period. TD Asset Management Inc. lifted its holdings in Apple by 9.8% in the second quarter. TD Asset Management Inc. now owns 3,825,958 shares of the iPhone maker’s stock valued at $1,395,710,000 after buying an additional 342,117 shares during the period. Finally, FMR LLC lifted its holdings in Apple by 2.6% in the second quarter. FMR LLC now owns 95,825,047 shares of the iPhone maker’s stock valued at $34,956,977,000 after buying an additional 2,448,814 shares during the period. Institutional investors own 57.77% of the company’s stock.

In other news, SVP Deirdre O’brien sold 31,200 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $119.80, for a total value of $3,737,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 14,840 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $121.34, for a total value of $1,800,685.60. The disclosure for this sale can be found here. Insiders sold 63,040 shares of company stock valued at $7,415,586 in the last ninety days. 0.06% of the stock is currently owned by insiders.

Several brokerages recently weighed in on AAPL. Atlantic Securities assumed coverage on shares of Apple in a report on Monday, October 26th. They issued an “overweight” rating and a $150.00 price objective on the stock. DA Davidson boosted their target price on Apple from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Argus raised Apple to a “buy” rating and set a $150.00 target price for the company in a research note on Wednesday, October 14th. Credit Suisse Group boosted their target price on Apple from $106.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, January 4th. Finally, UBS Group set a $115.00 target price on Apple and gave the company a “neutral” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have assigned a buy rating to the company. Apple currently has a consensus rating of “Buy” and a consensus target price of $118.61.

NASDAQ:AAPL opened at $130.89 on Thursday. Apple Inc. has a twelve month low of $53.15 and a twelve month high of $138.79. The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt-to-equity ratio of 1.51. The stock’s 50-day simple moving average is $126.77 and its 200 day simple moving average is $115.12. The firm has a market capitalization of $2.20 trillion, a PE ratio of 40.15, a price-to-earnings-growth ratio of 2.85 and a beta of 1.28.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, November 3rd. The iPhone maker reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. Apple had a return on equity of 75.15% and a net margin of 20.91%. The company had revenue of $64.70 billion during the quarter, compared to the consensus estimate of $63.33 billion. During the same quarter in the prior year, the firm posted $3.03 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. On average, analysts anticipate that Apple Inc. will post 4.03 EPS for the current fiscal year.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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