Warren Averett Asset Management buys $736,273 stake in Apple Inc (AAPL)

Apple Inc (AAPL) : Warren Averett Asset Management scooped up 702 additional shares in Apple Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 6,967 shares of Apple Inc which is valued at $736,273.Apple Inc makes up approximately 0.44% of Warren Averett Asset Management’s portfolio.

Apple Inc closed down -0.29 points or -0.27% at $105.68 with 3,36,83,121 shares getting traded on Friday. Post opening the session at $105.01, the shares hit an intraday low of $104.62 and an intraday high of $106.48 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Ferguson Wellman Capital Management Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 2,377 additional shares and now holds a total of 782,648 shares of Apple Inc which is valued at $82,710,241. Apple Inc makes up approx 3.44% of Ferguson Wellman Capital Management Inc’s portfolio.Dividend Asset Capital boosted its stake in AAPL in the latest quarter, The investment management firm added 289 additional shares and now holds a total of 7,280 shares of Apple Inc which is valued at $769,350. Apple Inc makes up approx 0.02% of Dividend Asset Capital’s portfolio.Norman Fields Gottscho Capital Management boosted its stake in AAPL in the latest quarter, The investment management firm added 3,240 additional shares and now holds a total of 22,081 shares of Apple Inc which is valued at $2,425,598. Apple Inc makes up approx 1.60% of Norman Fields Gottscho Capital Management’s portfolio.Nexus Investment Management boosted its stake in AAPL in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 184,347 shares of Apple Inc which is valued at $20,097,510. Apple Inc makes up approx 3.83% of Nexus Investment Management’s portfolio.Eagle Asset Management Inc reduced its stake in AAPL by selling 74,899 shares or 6.78% in the most recent quarter. The Hedge Fund company now holds 1,029,898 shares of AAPL which is valued at $112,279,480. Apple Inc makes up approx 0.79% of Eagle Asset Management Inc’s portfolio.

On the company’s financial health, Apple Inc 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 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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