Edge Asset Management Inc buys $265,636,002 stake in Apple (AAPL)

Apple (AAPL) : Edge Asset Management Inc scooped up 81,908 additional shares in Apple during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 2,451,195 shares of Apple which is valued at $265,636,002.Apple makes up approximately 2.29% of Edge Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Capital Advisors Incok boosted its stake in AAPL in the latest quarter, The investment management firm added 3,705 additional shares and now holds a total of 187,016 shares of Apple which is valued at $20,184,637. Apple makes up approx 3.00% of Capital Advisors Incok’s portfolio.Moors Cabot reduced its stake in AAPL by selling 78,709 shares or 50.89% in the most recent quarter. The Hedge Fund company now holds 75,955 shares of AAPL which is valued at $8,197,823. Apple makes up approx 1.40% of Moors Cabot’s portfolio.Rand Wealth boosted its stake in AAPL in the latest quarter, The investment management firm added 1,714 additional shares and now holds a total of 90,168 shares of Apple which is valued at $9,691,257. Apple makes up approx 1.27% of Rand Wealth’s portfolio. Arcus Capital Partners sold out all of its stake in AAPL during the most recent quarter. The investment firm sold 2,191 shares of AAPL which is valued $231,786.Cwm reduced its stake in AAPL by selling 17,726 shares or 7.12% in the most recent quarter. The Hedge Fund company now holds 231,264 shares of AAPL which is valued at $22,816,506. Apple makes up approx 1.59% of Cwm’s portfolio.

Apple closed down -0.16 points or -0.15% at $109.22 with 2,53,55,976 shares getting traded on Wednesday. Post opening the session at $109.1, the shares hit an intraday low of $108.34 and an intraday high of $109.37 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. Company shares were Reiterated by RBC Capital Mkts on Aug 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 117 from a previous price target of $115 .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 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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