Macnealy Hoover Investment Management Inc buys $4,461,009 stake in Apple Inc (AAPL)

Apple Inc (AAPL) : Macnealy Hoover Investment Management Inc scooped up 825 additional shares in Apple Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 40,610 shares of Apple Inc which is valued at $4,461,009.Apple Inc makes up approximately 0.84% of Macnealy Hoover Investment Management Inc’s portfolio.

Apple Inc closed down -1.16 points or -1.08% at $105.97 with 3,15,52,525 shares getting traded on Wednesday. Post opening the session at $106.93, the shares hit an intraday low of $105.52 and an intraday high of $106.93 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Clean Yield Group reduced its stake in AAPL by selling 3,273 shares or 4.04% in the most recent quarter. The Hedge Fund company now holds 77,813 shares of AAPL which is valued at $8,547,758. Apple Inc makes up approx 3.79% of Clean Yield Group’s portfolio.Culbertson A N Co Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 2,517 additional shares and now holds a total of 78,939 shares of Apple Inc which is valued at $8,671,449. Apple Inc makes up approx 3.33% of Culbertson A N Co Inc’s portfolio.Moon Capital Management boosted its stake in AAPL in the latest quarter, The investment management firm added 22,020 additional shares and now holds a total of 24,202 shares of Apple Inc which is valued at $2,658,590. Apple Inc makes up approx 3.36% of Moon Capital Management’s portfolio.Lifeplan Financial Group Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 160 additional shares and now holds a total of 9,189 shares of Apple Inc which is valued at $1,009,412. Apple Inc makes up approx 0.71% of Lifeplan Financial Group Inc’s portfolio.Grassi Investment Management reduced its stake in AAPL by selling 6,797 shares or 7.08% in the most recent quarter. The Hedge Fund company now holds 89,259 shares of AAPL which is valued at $9,805,101. Apple Inc makes up approx 1.92% of Grassi Investment Management’s portfolio.

On the company’s financial health, Apple Inc reported $3.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $3.23. The company had revenue of $75872.00 million for the quarter, compared to analysts expectations of $76596.37 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.06 EPS.

Many Wall Street Analysts have commented on Apple Inc. Needham Initiated Apple Inc on Apr 6, 2016 to “Strong Buy”, Price Target of the shares are set at $150.Company shares were Reiterated by Credit Suisse on Apr 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 150 from a previous price target of $140 .Company shares were Upgraded by Cowen on Mar 30, 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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