Tanglewood Wealth Management Inc. Sells 2,509 Shares of Apple Inc. (NASDAQ:AAPL)

Tanglewood Wealth Management Inc. decreased its position in Apple Inc. (NASDAQ:AAPL) by 51.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,393 shares of the iPhone maker’s stock after selling 2,509 shares during the quarter. Apple accounts for 0.1% of Tanglewood Wealth Management Inc.’s portfolio, making the stock its 26th largest position. Tanglewood Wealth Management Inc.’s holdings in Apple were worth $558,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lantz Financial LLC lifted its stake in shares of Apple by 8.6% in the 2nd quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock valued at $6,266,000 after acquiring an additional 2,361 shares during the last quarter. Diversify Advisory Services LLC lifted its position in Apple by 3.9% in the second quarter. Diversify Advisory Services LLC now owns 288,767 shares of the iPhone maker’s stock valued at $66,035,000 after purchasing an additional 10,951 shares during the last quarter. Congress Park Capital LLC boosted its stake in shares of Apple by 2.7% during the second quarter. Congress Park Capital LLC now owns 46,905 shares of the iPhone maker’s stock valued at $9,879,000 after purchasing an additional 1,254 shares during the period. FSM Wealth Advisors LLC grew its holdings in shares of Apple by 1.5% in the second quarter. FSM Wealth Advisors LLC now owns 38,446 shares of the iPhone maker’s stock worth $8,098,000 after purchasing an additional 572 shares during the last quarter. Finally, Cypress Wealth Services LLC increased its stake in shares of Apple by 0.5% in the second quarter. Cypress Wealth Services LLC now owns 132,701 shares of the iPhone maker’s stock worth $27,950,000 after buying an additional 725 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In other Apple news, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Luca Maestri sold 59,305 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. The trade was a 35.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 163,435 shares of company stock valued at $39,376,002. 0.06% of the stock is owned by insiders.

Apple Trading Down 0.7 %

NASDAQ:AAPL opened at $250.42 on Thursday. The company has a 50 day simple moving average of $238.41 and a two-hundred day simple moving average of $228.58. The company has a market cap of $3.79 trillion, a PE ratio of 41.19, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10.

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

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is currently 16.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AAPL shares. Barclays cut their price target on shares of Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $265.00 target price on shares of Apple in a research note on Tuesday, September 10th. KeyCorp lowered Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target for the company. in a research report on Friday, October 25th. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective on shares of Apple in a research report on Tuesday, December 10th. Finally, Monness Crespi & Hardt restated a “buy” rating and set a $245.00 target price on shares of Apple in a report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $237.47.

Apple Company 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.