Westover Capital Advisors buys $3,904,781 stake in Apple (AAPL)

Apple (AAPL) : Westover Capital Advisors scooped up 355 additional shares in Apple during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 36,012 shares of Apple which is valued at $3,904,781.Apple makes up approximately 2.94% of Westover Capital Advisors’s portfolio.

Other Hedge Funds, Including , Mig Capital boosted its stake in AAPL in the latest quarter, The investment management firm added 12,000 additional shares and now holds a total of 315,000 shares of Apple which is valued at $33,298,650. Apple makes up approx 6.29% of Mig Capital’s portfolio.Carret Asset Management reduced its stake in AAPL by selling 790 shares or 0.61% in the most recent quarter. The Hedge Fund company now holds 129,766 shares of AAPL which is valued at $13,987,477. Apple makes up approx 2.64% of Carret Asset Management’s portfolio.Marble Harbor Investment Counsel boosted its stake in AAPL in the latest quarter, The investment management firm added 2,123 additional shares and now holds a total of 99,215 shares of Apple which is valued at $10,896,783. Apple makes up approx 2.75% of Marble Harbor Investment Counsel’s portfolio.Solaris Asset Management reduced its stake in AAPL by selling 559 shares or 1.16% in the most recent quarter. The Hedge Fund company now holds 47,459 shares of AAPL which is valued at $5,583,551. Apple makes up approx 3.54% of Solaris Asset Management’s portfolio.David R. Rahn Associates boosted its stake in AAPL in the latest quarter, The investment management firm added 17,590 additional shares and now holds a total of 57,033 shares of Apple which is valued at $6,704,229. Apple makes up approx 5.31% of David R. Rahn Associates’s portfolio.

Apple opened for trading at $109.72 and hit $110.54 on the upside on Monday, eventually ending the session at $110.06, with a gain of 0.10% or 0.11 points. The heightened volatility saw the trading volume jump to 2,84,28,917 shares. Company has a market cap of $586,874 M.

On the company’s financial health, Apple reported $1.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $1.66. The company had revenue of $46852.00 million for the quarter, compared to analysts expectations of $46977.40 million. The company’s revenue was down -9.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.96 EPS.

Many Wall Street Analysts have commented on Apple. Apple was Downgraded by Hilliard Lyons to ” Long-term Buy” on Oct 27, 2016. Shares were Downgraded by Stifel on Oct 26, 2016 to ” Hold” and Lowered the Price Target to $ 115 from a previous price target of $130 .Company shares were Reiterated by Cowen on Oct 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 135 from a previous price target of $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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