Beese Fulmer Investment Management Lowers stake in Apple (AAPL)

Apple (AAPL) : Beese Fulmer Investment Management reduced its stake in Apple by 0.96% during the most recent quarter end. The investment management company now holds a total of 68,229 shares of Apple which is valued at $7,217,946 after selling 660 shares in Apple , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Apple makes up approximately 2.01% of Beese Fulmer Investment Management’s portfolio.

Other Hedge Funds, Including , Fort Pitt Capital Group boosted its stake in AAPL in the latest quarter, The investment management firm added 273 additional shares and now holds a total of 16,239 shares of Apple which is valued at $1,717,924. Apple makes up approx 0.20% of Fort Pitt Capital Group’s portfolio.Duff Phelps Investment Management Co boosted its stake in AAPL in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 68,255 shares of Apple which is valued at $7,112,854. Apple makes up approx 0.11% of Duff Phelps Investment Management Co’s portfolio.Oakworth Capital reduced its stake in AAPL by selling 32,061 shares or 36.58% in the most recent quarter. The Hedge Fund company now holds 55,594 shares of AAPL which is valued at $5,484,904. Apple makes up approx 1.96% of Oakworth Capital’s portfolio.Hills Bank Trust Co boosted its stake in AAPL in the latest quarter, The investment management firm added 305 additional shares and now holds a total of 41,570 shares of Apple which is valued at $4,155,337. Apple makes up approx 1.48% of Hills Bank 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.

Apple opened for trading at $105.58 and hit $106 on the upside on Thursday, eventually ending the session at $105.87, with a gain of 0.08% or 0.08 points. The heightened volatility saw the trading volume jump to 2,74,08,650 shares. Company has a market cap of $570,474 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. Apple was Upgraded by Hilliard Lyons to ” Buy” on Jul 28, 2016. Company shares were Reiterated by Macquarie on Jul 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 115 from a previous price target of $112 .Apple was Upgraded by Raymond James to ” Outperform” on Jul 27, 2016.

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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