Sonora Investment Management buys $7,110,591 stake in Apple (AAPL)

Apple (AAPL) : Sonora Investment Management scooped up 444 additional shares in Apple during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 71,227 shares of Apple which is valued at $7,110,591.Apple makes up approximately 3.93% of Sonora Investment Management’s portfolio.

Other Hedge Funds, Including , Mitchell Mcleod Pugh Williams Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 1,350 additional shares and now holds a total of 49,525 shares of Apple which is valued at $4,944,081. Apple makes up approx 3.66% of Mitchell Mcleod Pugh Williams Inc’s portfolio.Boys Arnold Co Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 48,876 additional shares and now holds a total of 103,060 shares of Apple which is valued at $10,288,480. Apple makes up approx 1.72% of Boys Arnold Co Inc’s portfolio.Watch Point Trust Co boosted its stake in AAPL in the latest quarter, The investment management firm added 1,116 additional shares and now holds a total of 37,854 shares of Apple which is valued at $3,659,725. Apple makes up approx 3.13% of Watch Point Trust Co’s portfolio.Integrated Investment Consultants boosted its stake in AAPL in the latest quarter, The investment management firm added 34 additional shares and now holds a total of 8,704 shares of Apple which is valued at $827,228. Apple makes up approx 0.43% of Integrated Investment Consultants’s portfolio.Cacti Asset Management boosted its stake in AAPL in the latest quarter, The investment management firm added 5,150 additional shares and now holds a total of 344,355 shares of Apple which is valued at $33,020,201. Apple makes up approx 3.58% of Cacti Asset Management’s portfolio.

Apple opened for trading at $98.7 and hit $100.13 on the upside on Monday, eventually ending the session at $99.83, with a gain of 1.06% or 1.05 points. The heightened volatility saw the trading volume jump to 3,64,93,867 shares. Company has a market cap of $546,811 M.

On the company’s financial health, Apple reported $1.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $2.00. The company had revenue of $50557.00 million for the quarter, compared to analysts expectations of $51984.35 million. The company’s revenue was down -12.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.33 EPS.

Many Wall Street Analysts have commented on Apple. Shares were Reiterated by Barclays on Jul 15, 2016 to “Overweight” and Lowered the Price Target to $ 115 from a previous price target of $121 .Longbow Initiated Apple on Jul 6, 2016 to “Buy”, Price Target of the shares are set at $125.Shares were Reiterated by RBC Capital Mkts on Jun 17, 2016 to “Outperform” and Lowered the Price Target to $ 115 from a previous price target of $120 .

Apple Inc. (Apple) designs manufactures and markets mobile communication and media devices personal computers and portable digital music players and a variety of related software services peripherals networking solutions and third-party digital content and applications. The Company’s products and services include iPhone iPad Mac iPod Apple TV a portfolio of consumer and professional software applications the iOS and OS X operating systems iCloud and a variety of accessory service and support offerings. The Company also delivers digital content and applications through the iTunes Store App StoreSM iBookstoreSM and Mac App Store. The Company distributes its products worldwide through its retail stores online stores and direct sales force as well as through third-party cellular network carriers wholesalers retailers and value-added resellers. In February 2012 the Company acquired app-search engine Chomp.

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