Naples Global Advisors buys $3,946,471 stake in Apple Inc (AAPL)

Apple Inc (AAPL) : Naples Global Advisors scooped up 9,324 additional shares in Apple Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 35,926 shares of Apple Inc which is valued at $3,946,471.Apple Inc makes up approximately 1.64% of Naples Global Advisors’s portfolio.

Apple Inc closed down -2.37 points or -2.16% at $107.48 with 6,08,21,461 shares getting traded on Monday. Post opening the session at $108.89, the shares hit an intraday low of $106.94 and an intraday high of $108.95 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Taylor Wealth Management Partners reduced its stake in AAPL by selling 54,563 shares or 53.76% in the most recent quarter. The Hedge Fund company now holds 46,922 shares of AAPL which is valued at $5,154,382. Apple Inc makes up approx 2.45% of Taylor Wealth Management Partners’s portfolio.Oakwood Capital Managementca boosted its stake in AAPL in the latest quarter, The investment management firm added 528 additional shares and now holds a total of 65,317 shares of Apple Inc which is valued at $7,175,072. Apple Inc makes up approx 1.88% of Oakwood Capital Managementca’s portfolio.Central Bank Trust Co reduced its stake in AAPL by selling 1,867 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 88,690 shares of AAPL which is valued at $9,742,597. Apple Inc makes up approx 2.71% of Central Bank Trust Co’s portfolio.Thompson Rubinstein Investment Management Inc Or boosted its stake in AAPL in the latest quarter, The investment management firm added 9,387 additional shares and now holds a total of 71,234 shares of Apple Inc which is valued at $7,765,931. Apple Inc makes up approx 3.20% of Thompson Rubinstein Investment Management Inc Or’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in AAPL by selling 108 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 22,941 shares of AAPL which is valued at $2,501,028. Apple Inc makes up approx 1.48% of First National Bank Of Mount Dora Trust Investment Services’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.

Leave a Reply

Apple Inc - Is it time to Sell?

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