Whalerock Point Partners Lowers stake in Apple (AAPL)

Apple (AAPL) : Whalerock Point Partners reduced its stake in Apple by 9.25% during the most recent quarter end. The investment management company now holds a total of 64,077 shares of Apple which is valued at $6.4 Million after selling 6,533 shares in Apple , the firm said in a disclosure report filed with the SEC on May 25, 2016.Apple makes up approximately 2.73% of Whalerock Point Partners’s portfolio.

Other Hedge Funds, Including , Meyer Handelman Co boosted its stake in AAPL in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 207,517 shares of Apple which is valued at $20.8 Million. Apple makes up approx 0.94% of Meyer Handelman Co’s portfolio.Woodmont Investment Counsel boosted its stake in AAPL in the latest quarter, The investment management firm added 12,570 additional shares and now holds a total of 58,728 shares of Apple which is valued at $5.6 Million. Apple makes up approx 1.69% of Woodmont Investment Counsel’s portfolio.Teachers Retirement System Of The State Of Kentucky reduced its stake in AAPL by selling 141,083 shares or 8.88% in the most recent quarter. The Hedge Fund company now holds 1,447,098 shares of AAPL which is valued at $131 Million. Apple makes up approx 1.73% of Teachers Retirement System Of The State Of Kentucky’s portfolio.Mv Capital Management reduced its stake in AAPL by selling 261 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 14,332 shares of AAPL which is valued at $1.3 Million. Apple makes up approx 0.53% of Mv Capital Management’s portfolio.Vaughan Nelson Investment Management boosted its stake in AAPL in the latest quarter, The investment management firm added 124,267 additional shares and now holds a total of 518,567 shares of Apple which is valued at $46.9 Million. Apple makes up approx 0.60% of Vaughan Nelson Investment Management’s portfolio.

Apple closed down -1.4 points or -1.40% at $98.46 with 2,91,73,285 shares getting traded on Wednesday. Post opening the session at $99.02, the shares hit an intraday low of $98.33 and an intraday high of $99.54 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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 Goldman on Jun 2, 2016 to “Buy” and Lowered the Price Target to $ 124 from a previous price target of $136 .Shares were Reiterated by UBS on May 11, 2016 to “Buy” and Lowered the Price Target to $ 115 from a previous price target of $120 .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 .

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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