Wendell David Associates Inc Lowers stake in Apple (AAPL)

Apple (AAPL) : Wendell David Associates Inc reduced its stake in Apple by 0.99% during the most recent quarter end. The investment management company now holds a total of 115,178 shares of Apple which is valued at $11,513,193 after selling 1,147 shares in Apple , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Apple makes up approximately 2.20% of Wendell David Associates Inc’s portfolio.

Other Hedge Funds, Including , 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.Bouchey Financial Group Ltd boosted its stake in AAPL in the latest quarter, The investment management firm added 5,753 additional shares and now holds a total of 107,594 shares of Apple which is valued at $10,741,109. Apple makes up approx 3.86% of Bouchey Financial Group Ltd’s portfolio.Regent Investment Management boosted its stake in AAPL in the latest quarter, The investment management firm added 785 additional shares and now holds a total of 55,780 shares of Apple which is valued at $5,568,517. Apple makes up approx 2.91% of Regent Investment Management’s portfolio.Quotient Investors reduced its stake in AAPL by selling 29,544 shares or 29.58% in the most recent quarter. The Hedge Fund company now holds 70,337 shares of AAPL which is valued at $6,813,545. Apple makes up approx 3.12% of Quotient Investors’s portfolio. Salem Capital Management Inc sold out all of its stake in AAPL during the most recent quarter. The investment firm sold 2,075 shares of AAPL which is valued $201,005.

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. 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.Shares were Reiterated by RBC Capital Mkts on Jun 17, 2016 to “Outperform” and Lowered the Price Target to $ 115 from a previous price target of $120 .

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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