Apple Inc. (NASDAQ:AAPL) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,859 shares of the iPhone maker’s stock after selling 85 shares during the period. Apple makes up 0.8% of Radnor Capital Management LLC’s investment portfolio, making the stock its 27th largest position. Radnor Capital Management LLC’s holdings in Apple were worth $2,347,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Centaurus Financial Inc. grew its position in shares of Apple by 17.9% in the first quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock valued at $44,000 after purchasing an additional 1,262 shares during the period. Semmax Financial Advisors Inc. purchased a new stake in shares of Apple in the fourth quarter valued at $50,000. INR Advisory Services LLC purchased a new stake in shares of Apple in the fourth quarter valued at $124,000. CKW Financial Group grew its position in shares of Apple by 15.0% in the fourth quarter. CKW Financial Group now owns 807 shares of the iPhone maker’s stock valued at $127,000 after purchasing an additional 105 shares during the period. Finally, Denali Advisors LLC grew its position in shares of Apple by 12.5% in the second quarter. Denali Advisors LLC now owns 900 shares of the iPhone maker’s stock valued at $178,000 after purchasing an additional 100 shares during the period. 58.66% of the stock is currently owned by institutional investors and hedge funds.

In other Apple news, Director Arthur D. Levinson sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $210.86, for a total value of $7,380,100.00. Following the completion of the sale, the director now directly owns 1,168,283 shares in the company, valued at $246,344,153.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.05% of the company’s stock.

A number of brokerages have recently commented on AAPL. BidaskClub raised Apple from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. Bank of America boosted their price objective on Apple from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday. Monness Crespi & Hardt restated a “buy” rating and set a $265.00 price objective (up previously from $245.00) on shares of Apple in a research note on Wednesday. Piper Jaffray Companies boosted their price objective on Apple from $230.00 to $243.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, ValuEngine upgraded Apple from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $217.69.

AAPL traded up $0.84 during trading on Thursday, reaching $213.88. The stock had a trading volume of 23,070,084 shares, compared to its average volume of 17,170,868. The stock has a market cap of $964.75 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 1.78 and a beta of 1.23. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 0.85. Apple Inc. has a 1-year low of $142.00 and a 1-year high of $233.47. The stock has a 50 day simple moving average of $202.12.

Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.08. The firm had revenue of $53.81 billion during the quarter, compared to the consensus estimate of $53.39 billion. Apple had a return on equity of 51.29% and a net margin of 22.12%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.34 earnings per share. As a group, equities research analysts expect that Apple Inc. will post 11.47 earnings per share for the current fiscal year.

Apple announced that its Board of Directors has approved a share repurchase plan on Tuesday, April 30th that authorizes the company to buyback $75.00 billion in shares. This buyback authorization authorizes the iPhone maker to reacquire up to 7.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, August 12th will be given a $0.77 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $3.08 dividend on an annualized basis and a yield of 1.44%. Apple’s dividend payout ratio (DPR) is 25.86%.

Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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