Baird Financial Group buys $229,452,268 stake in Apple (AAPL)

Apple (AAPL) : Baird Financial Group scooped up 89,681 additional shares in Apple during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 2,121,023 shares of Apple which is valued at $229,452,268.Apple makes up approximately 2.00% of Baird Financial Group’s portfolio.

Other Hedge Funds, Including , Meridian Management Co reduced its stake in AAPL by selling 1,415 shares or 3.52% in the most recent quarter. The Hedge Fund company now holds 38,776 shares of AAPL which is valued at $4,194,788. Apple makes up approx 2.45% of Meridian Management Co’s portfolio.D L Carlson Investment Group Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 210 additional shares and now holds a total of 41,055 shares of Apple which is valued at $4,441,330. Apple makes up approx 1.52% of D L Carlson Investment Group Inc’s portfolio.Contrarius Investment Management Ltd reduced its stake in AAPL by selling 46,157 shares or 5.47% in the most recent quarter. The Hedge Fund company now holds 797,225 shares of AAPL which is valued at $84,338,433. Apple makes up approx 6.56% of Contrarius Investment Management Ltd’s portfolio.Bollard Group boosted its stake in AAPL in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 21,318 shares of Apple which is valued at $2,103,234. Apple makes up approx 0.14% of Bollard Group’s portfolio.Iab Financial Bank boosted its stake in AAPL in the latest quarter, The investment management firm added 1,639 additional shares and now holds a total of 52,231 shares of Apple which is valued at $5,221,011. Apple makes up approx 3.20% of Iab Financial Bank’s portfolio.

Apple opened for trading at $108.59 and hit $109.32 on the upside on Tuesday, eventually ending the session at $108.85, with a gain of 0.31% or 0.34 points. The heightened volatility saw the trading volume jump to 2,12,55,594 shares. Company has a market cap of $586,532 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. 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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