Portland Global Advisors buys $1,445,933 stake in Apple (AAPL)

Apple (AAPL) : Portland Global Advisors scooped up 80 additional shares in Apple during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 14,045 shares of Apple which is valued at $1,445,933.Apple makes up approximately 0.64% of Portland Global Advisors’s portfolio.

Other Hedge Funds, Including , Green Square Capital boosted its stake in AAPL in the latest quarter, The investment management firm added 3,793 additional shares and now holds a total of 62,609 shares of Apple which is valued at $6,445,597. Apple makes up approx 1.56% of Green Square Capital’s portfolio.Farmers Trust Co boosted its stake in AAPL in the latest quarter, The investment management firm added 1,749 additional shares and now holds a total of 74,465 shares of Apple which is valued at $7,346,717. Apple makes up approx 2.32% of Farmers Trust Co’s portfolio.Addison Capital Co boosted its stake in AAPL in the latest quarter, The investment management firm added 194 additional shares and now holds a total of 6,413 shares of Apple which is valued at $632,707. Apple makes up approx 0.55% of Addison Capital Co’s portfolio.Nisa Investment Advisors boosted its stake in AAPL in the latest quarter, The investment management firm added 100,926 additional shares and now holds a total of 1,912,402 shares of Apple which is valued at $190,915,092. Apple makes up approx 2.49% of Nisa Investment Advisors’s portfolio.Stillwater Investment Management boosted its stake in AAPL in the latest quarter, The investment management firm added 2,021 additional shares and now holds a total of 52,536 shares of Apple which is valued at $5,079,180. Apple makes up approx 2.86% of Stillwater Investment Management’s portfolio.

Apple closed down -0.13 points or -0.12% at $104.21 with 2,77,33,688 shares getting traded on Friday. Post opening the session at $104.19, the shares hit an intraday low of $103.68 and an intraday high of $104.55 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Investors should note that on Jul 26, 2016, Apple announced a cash dividend of $0.5700. The company’s management has announced Aug 4, 2016 as the ex-dividend date and fixed the record date on Aug 8, 2016. The payable date has been fixed on Aug 11, 2016.

Many Wall Street Analysts have commented on Apple. Apple was Upgraded by Hilliard Lyons to ” Buy” on Jul 28, 2016. Company shares were Reiterated by Macquarie on Jul 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 115 from a previous price target of $112 .Apple was Upgraded by Raymond James to ” Outperform” on Jul 27, 2016.

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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