Founders Financial Securities adds Apple (AAPL) to its portfolio

Apple (AAPL) : Founders Financial Securities added new position in Apple during the most recent quarter end. The investment management firm now holds 37,431 shares of Apple which is valued at $3,618,829 , the company said in a statement filed on Jul 8, 2016 with the SEC.Apple makes up approximately 1.64% of Founders Financial Securities’s portfolio.

Other Hedge Funds, Including , British Columbia Investment Management Corp reduced its stake in AAPL by selling 4,673 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 2,554,841 shares of AAPL which is valued at $247,002,028. Apple makes up approx 2.13% of British Columbia Investment Management Corp’s portfolio.Triangle Securities Wealth Management reduced its stake in AAPL by selling 890 shares or 5.17% in the most recent quarter. The Hedge Fund company now holds 16,312 shares of AAPL which is valued at $1,577,044. Apple makes up approx 1.16% of Triangle Securities Wealth Management’s portfolio.Ckw Financial Group reduced its stake in AAPL by selling 215 shares or 27.92% in the most recent quarter. The Hedge Fund company now holds 555 shares of AAPL which is valued at $53,657. Apple makes up approx 0.02% of Ckw Financial Group’s portfolio.First American Trust Fsb reduced its stake in AAPL by selling 3,011 shares or 3.7% in the most recent quarter. The Hedge Fund company now holds 78,369 shares of AAPL which is valued at $7,576,715. Apple makes up approx 2.64% of First American Trust Fsb’s portfolio.Pensionfund Dsm Netherlands boosted its stake in AAPL in the latest quarter, The investment management firm added 23,000 additional shares and now holds a total of 177,400 shares of Apple which is valued at $16,860,096. Apple makes up approx 2.25% of Pensionfund Dsm Netherlands’s portfolio.

Apple closed down -0.55 points or -0.56% at $96.87 with 2,58,92,171 shares getting traded on Wednesday. Post opening the session at $97.41, the shares hit an intraday low of $96.84 and an intraday high of $97.67 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. Longbow Initiated Apple on Jul 6, 2016 to “Buy”, Price Target of the shares are set at $125.Shares were Reiterated by RBC Capital Mkts on Jun 17, 2016 to “Outperform” and Lowered the Price Target to $ 115 from a previous price target of $120 .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 .

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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