Tanglewood Wealth Management Inc. lifted its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 104.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,902 shares of the iPhone maker’s stock after purchasing an additional 2,510 shares during the period. Apple comprises approximately 0.1% of Tanglewood Wealth Management Inc.’s portfolio, making the stock its 20th largest holding. Tanglewood Wealth Management Inc.’s holdings in Apple were worth $1,033,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of AAPL. MTM Investment Management LLC increased its position in Apple by 0.4% in the 2nd quarter. MTM Investment Management LLC now owns 52,535 shares of the iPhone maker’s stock valued at $11,065,000 after acquiring an additional 229 shares during the period. Pegasus Asset Management Inc. grew its stake in shares of Apple by 0.3% in the second quarter. Pegasus Asset Management Inc. now owns 89,257 shares of the iPhone maker’s stock worth $18,799,000 after purchasing an additional 266 shares during the last quarter. Rational Advisors LLC grew its stake in shares of Apple by 182.4% in the second quarter. Rational Advisors LLC now owns 23,168 shares of the iPhone maker’s stock worth $4,880,000 after purchasing an additional 14,965 shares during the last quarter. Catalyst Financial Partners LLC increased its holdings in Apple by 6.8% in the second quarter. Catalyst Financial Partners LLC now owns 92,654 shares of the iPhone maker’s stock valued at $19,515,000 after purchasing an additional 5,885 shares during the period. Finally, Alta Capital Management LLC raised its position in Apple by 6.7% during the 2nd quarter. Alta Capital Management LLC now owns 513,307 shares of the iPhone maker’s stock worth $108,113,000 after purchasing an additional 32,031 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.
Insider Transactions at Apple
In other Apple news, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.00. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,469,275. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The disclosure for this sale can be found here. Insiders have sold 113,884 shares of company stock worth $23,723,887 in the last ninety days. Company insiders own 0.06% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on Apple
Apple Trading Down 2.9 %
Shares of AAPL stock opened at $226.21 on Wednesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The company has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 35.18, a PEG ratio of 2.66 and a beta of 1.24. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.23. The company has a 50-day simple moving average of $222.39 and a two-hundred day simple moving average of $203.18.
Apple (NASDAQ:AAPL – Get Free Report) last released its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. Research analysts anticipate that Apple Inc. will post 6.7 EPS for the current fiscal year.
Apple Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio is presently 15.55%.
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.
Further Reading
- Five stocks we like better than Apple
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- Why Lennar Stock Could Be the Best Play in the Housing Market
- What is the Nikkei 225 index?
- 2 Energy Stocks Fueling the AI Datacenter Boom
- Following Congress Stock Trades
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.