Ken Stern Associates buys $1,184,019 stake in Apple (AAPL)

Apple (AAPL) : Ken Stern Associates scooped up 1,036 additional shares in Apple during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 12,001 shares of Apple which is valued at $1,184,019.Apple makes up approximately 0.88% of Ken Stern Associates’s portfolio.

Other Hedge Funds, Including , Harvey Capital Management Inc reduced its stake in AAPL by selling 11,050 shares or 6.92% in the most recent quarter. The Hedge Fund company now holds 148,544 shares of AAPL which is valued at $14,655,351. Apple makes up approx 7.00% of Harvey Capital Management 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.Patten Patten Inctn boosted its stake in AAPL in the latest quarter, The investment management firm added 2,132 additional shares and now holds a total of 343,412 shares of Apple which is valued at $33,201,072. Apple makes up approx 4.54% of Patten Patten Inctn’s portfolio.Mazama Capital Management Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 17,508 additional shares and now holds a total of 203,552 shares of Apple which is valued at $19,679,407. Apple makes up approx 3.86% of Mazama Capital Management Inc’s portfolio.

Apple opened for trading at $102.83 and hit $104.45 on the upside on Thursday, eventually ending the session at $104.34, with a gain of 1.35% or 1.39 points. The heightened volatility saw the trading volume jump to 3,87,21,377 shares. Company has a market cap of $571,515 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.

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