Regis Management Co Lowers stake in Apple (AAPL)

Apple (AAPL) : Regis Management Co reduced its stake in Apple by 4.75% during the most recent quarter end. The investment management company now holds a total of 5,570 shares of Apple which is valued at $589,250 after selling 278 shares in Apple , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Apple makes up approximately 0.12% of Regis Management Co’s portfolio.

Other Hedge Funds, Including , Cadence Capital Management boosted its stake in AAPL in the latest quarter, The investment management firm added 92,716 additional shares and now holds a total of 161,283 shares of Apple which is valued at $17,062,129. Apple makes up approx 1.24% of Cadence Capital Management’s portfolio.Davy Asset Management Ltd reduced its stake in AAPL by selling 17,234 shares or 16.44% in the most recent quarter. The Hedge Fund company now holds 87,599 shares of AAPL which is valued at $9,267,098. Apple makes up approx 1.86% of Davy Asset Management Ltd’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.Highstreet Asset Management reduced its stake in AAPL by selling 22,472 shares or 55.38% in the most recent quarter. The Hedge Fund company now holds 18,108 shares of AAPL which is valued at $1,786,535. Apple makes up approx 0.61% of Highstreet Asset Management’s portfolio.Mazama Capital Management Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 17,508 additional shares and now holds a total of 203,552 shares of Apple which is valued at $19,679,407. Apple makes up approx 3.86% of Mazama Capital Management Inc’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.

Leave a Reply

Apple - Is it time to Sell?

Top Brokerage Firms are advising their investors on Apple. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.