Sfe Investment Counsel Lowers stake in Apple (AAPL)

Apple (AAPL) : Sfe Investment Counsel reduced its stake in Apple by 5.4% during the most recent quarter end. The investment management company now holds a total of 71,815 shares of Apple which is valued at $7,597,309 after selling 4,099 shares in Apple , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Apple makes up approximately 3.40% of Sfe Investment Counsel’s portfolio.

Other Hedge Funds, Including , World Asset Management Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 1,817 additional shares and now holds a total of 544,499 shares of Apple which is valued at $57,602,549. Apple makes up approx 2.15% of World Asset Management Inc’s portfolio.Prospera Financial Services Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 10,938 additional shares and now holds a total of 158,468 shares of Apple which is valued at $16,314,281. Apple makes up approx 3.33% of Prospera Financial Services Inc’s portfolio.Evanson Asset Management boosted its stake in AAPL in the latest quarter, The investment management firm added 244 additional shares and now holds a total of 131,015 shares of Apple which is valued at $13,096,259. Apple makes up approx 3.83% of Evanson Asset Management’s portfolio.Pensionfund Sabic boosted its stake in AAPL in the latest quarter, The investment management firm added 9,000 additional shares and now holds a total of 81,300 shares of Apple which is valued at $7,726,752. Apple makes up approx 2.32% of Pensionfund Sabic’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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