Btr Capital Management Inc Lowers stake in Apple Inc (AAPL)

Apple Inc (AAPL) : Btr Capital Management Inc reduced its stake in Apple Inc by 1.7% during the most recent quarter end. The investment management company now holds a total of 125,171 shares of Apple Inc which is valued at $13,750,034 after selling 2,165 shares in Apple Inc , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Apple Inc makes up approximately 3.16% of Btr Capital Management Inc’s portfolio.

Apple Inc closed down -1.16 points or -1.08% at $105.97 with 3,15,52,525 shares getting traded on Wednesday. Post opening the session at $106.93, the shares hit an intraday low of $105.52 and an intraday high of $106.93 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Bridge Creek Capital Management boosted its stake in AAPL in the latest quarter, The investment management firm added 407 additional shares and now holds a total of 36,447 shares of Apple Inc which is valued at $4,003,703. Apple Inc makes up approx 2.30% of Bridge Creek Capital Management’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 which is valued at $10,951,276. Apple Inc makes up approx 4.66% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.Pioneer Trust Bank N Aor reduced its stake in AAPL by selling 82 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 49,414 shares of AAPL which is valued at $5,428,128. Apple Inc makes up approx 3.40% of Pioneer Trust Bank N Aor’s portfolio.Dnb Asset Management As boosted its stake in AAPL in the latest quarter, The investment management firm added 150,491 additional shares and now holds a total of 1,358,002 shares of Apple Inc which is valued at $149,176,520. Apple Inc makes up approx 3.08% of Dnb Asset Management As’s portfolio.Charter Trust Co reduced its stake in AAPL by selling 639 shares or 0.88% in the most recent quarter. The Hedge Fund company now holds 71,815 shares of AAPL which is valued at $7,829,271. Apple Inc makes up approx 0.96% of Charter Trust Co’s portfolio.

On the company’s financial health, Apple Inc reported $3.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $3.23. The company had revenue of $75872.00 million for the quarter, compared to analysts expectations of $76596.37 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.06 EPS.

Many Wall Street Analysts have commented on Apple Inc. Needham Initiated Apple Inc on Apr 6, 2016 to “Strong Buy”, Price Target of the shares are set at $150.Company shares were Reiterated by Credit Suisse on Apr 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 150 from a previous price target of $140 .Company shares were Upgraded by Cowen on Mar 30, 2016 to ” Outperform”, Firm has raised the Price Target to $ 135 from a previous price target of $125 .

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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