Saddle Road Partners buys $4,923,526 stake in Apple (AAPL)

Apple (AAPL) : Saddle Road Partners scooped up 1,159 additional shares in Apple during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 46,589 shares of Apple which is valued at $4,923,526.Apple makes up approximately 1.06% of Saddle Road Partners’s portfolio.

Apple closed down -6.53 points or -6.26% at $97.82 with 11,46,02,142 shares getting traded on Wednesday. Post opening the session at $96, the shares hit an intraday low of $95.68 and an intraday high of $98.71 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Legacy Private Trust reduced its stake in AAPL by selling 9,293 shares or 17.57% in the most recent quarter. The Hedge Fund company now holds 43,605 shares of AAPL which is valued at $4,608,176. Apple makes up approx 0.69% of Legacy Private Trust’s portfolio.Firstmerit Bank N A Trustee boosted its stake in AAPL in the latest quarter, The investment management firm added 3,082 additional shares and now holds a total of 214,941 shares of Apple which is valued at $22,714,965. Apple makes up approx 1.86% of Firstmerit Bank N A Trustee’s portfolio.Horizon Kinetics boosted its stake in AAPL in the latest quarter, The investment management firm added 1,975 additional shares and now holds a total of 5,994 shares of Apple which is valued at $658,441. Apple makes up approx 0.02% of Horizon Kinetics’s portfolio.Bremer Trust National Association reduced its stake in AAPL by selling 868 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 77,785 shares of AAPL which is valued at $8,544,682. Apple makes up approx 2.44% of Bremer Trust National Association’s portfolio.Taylor Wealth Management Partners reduced its stake in AAPL by selling 54,563 shares or 53.76% in the most recent quarter. The Hedge Fund company now holds 46,922 shares of AAPL which is valued at $5,154,382. Apple makes up approx 2.45% of Taylor Wealth Management Partners’s portfolio.

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 Cowen on Apr 27, 2016 to “Outperform” and Lowered the Price Target to $ 125 from a previous price target of $135 .Shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Outperform” and Lowered the Price Target to $ 120 from a previous price target of $130 .Shares were Reiterated by Goldman on Apr 27, 2016 to “Buy” and Lowered the Price Target to $ 136 from a previous price target of $155 .

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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