Ipswich Investment Management adds Apple (AAPL) to its portfolio

Apple (AAPL) : Ipswich Investment Management added new position in Apple during the most recent quarter end. The investment management firm now holds 56,895 shares of Apple which is valued at $6,018,922 , the company said in a statement filed on Aug 2, 2016 with the SEC.Apple makes up approximately 2.93% of Ipswich Investment Management’s portfolio.

Other Hedge Funds, Including , Provise Management Group reduced its stake in AAPL by selling 1,036 shares or 2.75% in the most recent quarter. The Hedge Fund company now holds 36,641 shares of AAPL which is valued at $3,876,251. Apple makes up approx 0.70% of Provise Management Group’s portfolio.Stevens First Principles Investment Advisors boosted its stake in AAPL in the latest quarter, The investment management firm added 24,190 additional shares and now holds a total of 31,460 shares of Apple which is valued at $3,278,447. Apple makes up approx 2.38% of Stevens First Principles Investment Advisors’s portfolio.Miracle Mile Advisors reduced its stake in AAPL by selling 1,242 shares or 5.31% in the most recent quarter. The Hedge Fund company now holds 22,143 shares of AAPL which is valued at $2,279,622. Apple makes up approx 0.74% of Miracle Mile Advisors’s portfolio.Financial Consulate Inc reduced its stake in AAPL by selling 592 shares or 2.18% in the most recent quarter. The Hedge Fund company now holds 26,588 shares of AAPL which is valued at $2,623,172. Apple makes up approx 1.95% of Financial Consulate Inc’s portfolio.Meristem Llp reduced its stake in AAPL by selling 2,488 shares or 10.27% in the most recent quarter. The Hedge Fund company now holds 21,741 shares of AAPL which is valued at $2,144,967. Apple makes up approx 0.92% of Meristem Llp’s portfolio.

Apple opened for trading at $107.52 and hit $108.37 on the upside on Monday, eventually ending the session at $108.37, with a gain of 0.83% or 0.89 points. The heightened volatility saw the trading volume jump to 2,80,37,220 shares. Company has a market cap of $583,946 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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