Albion Financial Group Ut Lowers stake in APPLE INC COM (AAPL)

APPLE INC COM (AAPL) : Albion Financial Group Ut reduced its stake in APPLE INC COM by 28.27% during the most recent quarter end. The investment management company now holds a total of 141,075 shares of APPLE INC COM which is valued at $14,908,806 after selling 55,587 shares in APPLE INC COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.APPLE INC COM makes up approximately 2.45% of Albion Financial Group Ut’s portfolio.

APPLE INC COM closed down -6.53 points or -6.26% at $97.82 with 11,46,02,142 shares getting traded on Wednesday. Post opening the session at $96, the shares hit an intraday low of $95.68 and an intraday high of $98.71 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Woodley Farra Manion Portfolio Management Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 134 additional shares and now holds a total of 4,167 shares of APPLE INC COM which is valued at $440,369. APPLE INC COM makes up approx 0.07% of Woodley Farra Manion Portfolio Management Inc’s portfolio.Coastline Trust Co boosted its stake in AAPL in the latest quarter, The investment management firm added 2,095 additional shares and now holds a total of 37,359 shares of APPLE INC COM which is valued at $4,103,886. APPLE INC COM makes up approx 0.87% of Coastline Trust Co’s portfolio.W.g. Shaheen Associates Dba Whitney Co boosted its stake in AAPL in the latest quarter, The investment management firm added 4,709 additional shares and now holds a total of 99,693 shares of APPLE INC COM which is valued at $10,951,276. APPLE INC COM makes up approx 4.66% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.Amarillo National Bank reduced its stake in AAPL by selling 440 shares or 1.58% in the most recent quarter. The Hedge Fund company now holds 27,453 shares of AAPL which is valued at $3,015,712. APPLE INC COM makes up approx 2.15% of Amarillo National Bank’s portfolio.

On the company’s financial health, APPLE INC COM 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 INC COM. Shares were Reiterated by Cowen on Apr 27, 2016 to “Outperform” and Lowered the Price Target to $ 125 from a previous price target of $135 .Shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Outperform” and Lowered the Price Target to $ 120 from a previous price target of $130 .Shares were Reiterated by Goldman on Apr 27, 2016 to “Buy” and Lowered the Price Target to $ 136 from a previous price target of $155 .

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 INC COM - Is it time to Sell?

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