Nn Investment Partners Holdings N.v. Lowers stake in Apple (AAPL)

Apple (AAPL) : Nn Investment Partners Holdings N.v. reduced its stake in Apple by 12.87% during the most recent quarter end. The investment management company now holds a total of 2,600,319 shares of Apple which is valued at $251,892,902 after selling 384,228 shares in Apple , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.Apple makes up approximately 2.32% of Nn Investment Partners Holdings N.v.’s portfolio.

Other Hedge Funds, Including , Foundry Partners reduced its stake in AAPL by selling 113,823 shares or 45.39% in the most recent quarter. The Hedge Fund company now holds 136,926 shares of AAPL which is valued at $13,264,022. Apple makes up approx 1.24% of Foundry Partners’s portfolio.Stillwater Capital Advisors reduced its stake in AAPL by selling 450 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 129,453 shares of AAPL which is valued at $12,540,112. Apple makes up approx 3.65% of Stillwater Capital Advisors’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in AAPL in the latest quarter, The investment management firm added 67,862 additional shares and now holds a total of 1,417,833 shares of Apple which is valued at $137,076,094. Apple makes up approx 2.86% of Exxonmobil Investment Management Inc Tx’s portfolio.Thompson Rubinstein Investment Management Inc Or boosted its stake in AAPL in the latest quarter, The investment management firm added 9,354 additional shares and now holds a total of 80,588 shares of Apple which is valued at $7,791,248. Apple makes up approx 2.98% of Thompson Rubinstein Investment Management Inc Or’s portfolio.Washington Trust Bank boosted its stake in AAPL in the latest quarter, The investment management firm added 298 additional shares and now holds a total of 57,554 shares of Apple which is valued at $5,564,321. Apple makes up approx 1.43% of Washington Trust Bank’s portfolio.

Apple opened for trading at $98.7 and hit $100.13 on the upside on Monday, eventually ending the session at $99.83, with a gain of 1.06% or 1.05 points. The heightened volatility saw the trading volume jump to 3,64,93,867 shares. Company has a market cap of $546,811 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 Barclays on Jul 15, 2016 to “Overweight” and Lowered the Price Target to $ 115 from a previous price target of $121 .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 .

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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