Tanglewood Wealth Management Inc. Increases Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Tanglewood Wealth Management Inc. increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 27.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,056 shares of the iPhone maker’s stock after purchasing an additional 663 shares during the quarter. Apple accounts for 0.1% of Tanglewood Wealth Management Inc.’s holdings, making the stock its 24th biggest holding. Tanglewood Wealth Management Inc.’s holdings in Apple were worth $765,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after acquiring an additional 93,886,664 shares during the last quarter. State Street Corp grew its holdings in Apple by 10.6% during the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after purchasing an additional 55,935,105 shares during the last quarter. Geode Capital Management LLC raised its position in Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after purchasing an additional 20,483,787 shares during the period. FMR LLC lifted its stake in Apple by 5.3% in the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after purchasing an additional 18,224,005 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Apple by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after buying an additional 5,893,741 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Down 2.7 %

Shares of AAPL stock opened at $217.90 on Monday. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The stock has a market cap of $3.27 trillion, a P/E ratio of 34.59, a P/E/G ratio of 2.44 and a beta of 1.18. The stock has a 50 day moving average of $230.70 and a 200 day moving average of $233.43. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, sell-side analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Apple’s dividend payout ratio (DPR) is currently 15.87%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AAPL. Morgan Stanley reduced their price target on Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Evercore ISI lifted their target price on Apple from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. DA Davidson set a $290.00 price target on shares of Apple in a research report on Friday, January 31st. Moffett Nathanson reissued a “sell” rating and issued a $188.00 price objective (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Finally, Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.52.

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.