Tanglewood Wealth Management Inc. Has $1.03 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Tanglewood Wealth Management Inc. lifted its position in shares of Apple Inc. (NASDAQ:AAPL) 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

A number of research firms have commented on AAPL. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $265.00 price target on shares of Apple in a research report on Tuesday, September 10th. Cfra upped their target price on Apple from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Monness Crespi & Hardt restated a “buy” rating and set a $245.00 price target on shares of Apple in a report on Monday, September 9th. Tigress Financial boosted their price target on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Citigroup reiterated a “buy” rating and set a $255.00 price objective on shares of Apple in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $238.76.

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) 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.