Apple (AAPL) : Palo Capital scooped up 39,630 additional shares in Apple during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 72,658 shares of Apple which is valued at $7,168,438.Apple makes up approximately 2.38% of Palo Capital’s portfolio.
Other Hedge Funds, Including , Jones Collombin Investment Counsel Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 18,890 additional shares and now holds a total of 73,350 shares of Apple which is valued at $7,236,711. Apple makes up approx 2.09% of Jones Collombin Investment Counsel Inc’s portfolio.Tnb Financial boosted its stake in AAPL in the latest quarter, The investment management firm added 8,977 additional shares and now holds a total of 107,162 shares of Apple which is valued at $10,711,914. Apple makes up approx 2.74% of Tnb Financial’s portfolio.Coastline Trust Co boosted its stake in AAPL in the latest quarter, The investment management firm added 5,185 additional shares and now holds a total of 42,544 shares of Apple which is valued at $4,252,698. Apple makes up approx 0.84% of Coastline Trust Co’s portfolio.Verde Servicos Internacionais S.a. reduced its stake in AAPL by selling 1,802 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 385,808 shares of AAPL which is valued at $38,565,368. Apple makes up approx 3.22% of Verde Servicos Internacionais S.a.’s portfolio.Legacy Private Trust reduced its stake in AAPL by selling 14,201 shares or 32.57% in the most recent quarter. The Hedge Fund company now holds 29,404 shares of AAPL which is valued at $2,935,401. Apple makes up approx 0.42% of Legacy Private Trust’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. Company shares were Reiterated by Maxim Group on Jul 25, 2016 to “Buy”, Firm has raised the Price Target to $ 168 from a previous price target of $157 .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.
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.