Evanson Asset Management buys $13,096,259 stake in Apple (AAPL)

Apple (AAPL) : Evanson Asset Management scooped up 244 additional shares in Apple during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 131,015 shares of Apple which is valued at $13,096,259.Apple makes up approximately 3.83% of Evanson Asset Management’s portfolio.

Other Hedge Funds, Including , Howard Capital Management boosted its stake in AAPL in the latest quarter, The investment management firm added 2,114 additional shares and now holds a total of 167,632 shares of Apple which is valued at $16,756,495. Apple makes up approx 3.09% of Howard Capital Management’s portfolio.Burns J W Co Incny boosted its stake in AAPL in the latest quarter, The investment management firm added 1,207 additional shares and now holds a total of 112,123 shares of Apple which is valued at $11,193,239. Apple makes up approx 3.31% of Burns J W Co Incny’s portfolio.Baxter Bros Inc reduced its stake in AAPL by selling 13,858 shares or 68.08% in the most recent quarter. The Hedge Fund company now holds 6,498 shares of AAPL which is valued at $628,227. Apple makes up approx 0.20% of Baxter Bros Inc’s portfolio.First American Trust Fsb reduced its stake in AAPL by selling 3,011 shares or 3.7% in the most recent quarter. The Hedge Fund company now holds 78,369 shares of AAPL which is valued at $7,576,715. Apple makes up approx 2.64% of First American Trust Fsb’s portfolio.Pensionfund Dsm Netherlands boosted its stake in AAPL in the latest quarter, The investment management firm added 23,000 additional shares and now holds a total of 177,400 shares of Apple which is valued at $16,860,096. Apple makes up approx 2.25% of Pensionfund Dsm Netherlands’s portfolio.

Apple opened for trading at $100 and hit $100.46 on the upside on Wednesday, eventually ending the session at $99.96, with a gain of 0.09% or 0.09 points. The heightened volatility saw the trading volume jump to 2,62,75,968 shares. Company has a market cap of $547,523 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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