Apple Inc. (NASDAQ:AAPL) Stock Position Increased by Tanglewood Legacy Advisors LLC

Tanglewood Legacy Advisors LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,620 shares of the iPhone maker’s stock after purchasing an additional 2,357 shares during the quarter. Apple comprises about 1.8% of Tanglewood Legacy Advisors LLC’s portfolio, making the stock its 11th biggest holding. Tanglewood Legacy Advisors LLC’s holdings in Apple were worth $4,162,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. O Connor Financial Group LLC raised its position in Apple by 1.2% during the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock valued at $896,000 after purchasing an additional 41 shares in the last quarter. 1620 Investment Advisors Inc. raised its holdings in shares of Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock worth $2,249,000 after buying an additional 45 shares in the last quarter. Menard Financial Group LLC lifted its position in shares of Apple by 0.4% during the 3rd quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock worth $2,848,000 after buying an additional 48 shares during the last quarter. Hanseatic Management Services Inc. lifted its holdings in shares of Apple by 1.3% in the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock worth $945,000 after acquiring an additional 48 shares during the last quarter. Finally, Family Capital Management Inc. boosted its position in Apple by 0.3% in the fourth quarter. Family Capital Management Inc. now owns 16,910 shares of the iPhone maker’s stock valued at $4,235,000 after buying an additional 48 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following the completion of the sale, the chief executive officer now directly owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. This trade represents a 3.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 35,493 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total value of $7,950,786.93. Following the sale, the chief operating officer now owns 390,059 shares of the company’s stock, valued at approximately $87,377,116.59. This trade represents a 8.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 182,451 shares of company stock valued at $40,818,720 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AAPL shares. Redburn Partners set a $230.00 price objective on Apple in a research note on Friday, January 31st. Bank of America cut their price target on shares of Apple from $265.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Jefferies Financial Group upgraded Apple from an “underperform” rating to a “hold” rating and cut their price target for the stock from $202.33 to $167.88 in a report on Wednesday, April 9th. Sanford C. Bernstein boosted their target price on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Loop Capital lowered shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $235.85.

Apple Price Performance

AAPL stock opened at $196.79 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a market cap of $2.96 trillion, a P/E ratio of 31.24, a P/E/G ratio of 2.44 and a beta of 1.26. The firm’s fifty day moving average is $219.65 and its 200 day moving average is $230.13. Apple Inc. has a 52 week low of $164.77 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Research analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is presently 15.87%.

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.