Apple (AAPL) : Sterneck Capital Management reduced its stake in Apple by 6.47% during the most recent quarter end. The investment management company now holds a total of 81,475 shares of Apple which is valued at $8.2 Million after selling 5,635 shares in Apple , the firm said in a disclosure report filed with the SEC on May 27, 2016.Apple makes up approximately 5.63% of Sterneck Capital Management’s portfolio.
Other Hedge Funds, Including , Delaney Dennis R boosted its stake in AAPL in the latest quarter, The investment management firm added 160 additional shares and now holds a total of 9,134 shares of Apple which is valued at $916,597. Apple makes up approx 1.97% of Delaney Dennis R’s portfolio.Aimz Investment Advisors boosted its stake in AAPL in the latest quarter, The investment management firm added 202 additional shares and now holds a total of 30,567 shares of Apple which is valued at $2.9 Million. Apple makes up approx 2.73% of Aimz Investment Advisors’s portfolio.Llbh Private Wealth Management reduced its stake in AAPL by selling 894 shares or 2.07% in the most recent quarter. The Hedge Fund company now holds 42,396 shares of AAPL which is valued at $4 Million. Apple makes up approx 2.96% of Llbh Private Wealth Management’s portfolio.Progressive Investment Management Corp reduced its stake in AAPL by selling 1,089 shares or 2.33% in the most recent quarter. The Hedge Fund company now holds 45,576 shares of AAPL which is valued at $4.1 Million. Apple makes up approx 4.23% of Progressive Investment Management Corp’s portfolio.Girard Partners Ltd. boosted its stake in AAPL in the latest quarter, The investment management firm added 17,115 additional shares and now holds a total of 124,848 shares of Apple which is valued at $11.3 Million. Apple makes up approx 5.01% of Girard Partners Ltd.’s portfolio.
Apple opened for trading at $99.25 and hit $99.87 on the upside on Tuesday, eventually ending the session at $99.03, with a gain of 0.41% or 0.4 points. The heightened volatility saw the trading volume jump to 2,24,09,450 shares. Company has a market cap of $542,429 M.
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.