Capwealth Advisors buys $15,628,780 stake in Apple (AAPL)

Apple (AAPL) : Capwealth Advisors scooped up 1,046 additional shares in Apple during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 147,734 shares of Apple which is valued at $15,628,780.Apple makes up approximately 3.72% of Capwealth Advisors’s portfolio.

Other Hedge Funds, Including , Appleton Partners Incma reduced its stake in AAPL by selling 11,162 shares or 5.49% in the most recent quarter. The Hedge Fund company now holds 192,257 shares of AAPL which is valued at $20,338,868. Apple makes up approx 4.02% of Appleton Partners Incma’s portfolio.Riverpark Capital Management boosted its stake in AAPL in the latest quarter, The investment management firm added 16,896 additional shares and now holds a total of 89,455 shares of Apple which is valued at $9,463,444. Apple makes up approx 4.29% of Riverpark Capital Management’s portfolio.Sonata Capital Group Inc reduced its stake in AAPL by selling 250 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 23,741 shares of AAPL which is valued at $2,444,136. Apple makes up approx 2.02% of Sonata Capital Group Inc’s portfolio.Jones Collombin Investment Counsel Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 18,890 additional shares and now holds a total of 73,350 shares of Apple which is valued at $7,236,711. Apple makes up approx 2.09% of Jones Collombin Investment Counsel Inc’s portfolio.Smith Affiliated Capital Corp. boosted its stake in AAPL in the latest quarter, The investment management firm added 1,185 additional shares and now holds a total of 1,935 shares of Apple which is valued at $187,443. Apple makes up approx 0.10% of Smith Affiliated Capital Corp.’s portfolio.

Apple opened for trading at $107.52 and hit $108.37 on the upside on Monday, eventually ending the session at $108.37, with a gain of 0.83% or 0.89 points. The heightened volatility saw the trading volume jump to 2,80,37,220 shares. Company has a market cap of $583,946 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. 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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