Transamerica Financial Advisors Lowers stake in APPLE INC COM (AAPL)

APPLE INC COM (AAPL) : Transamerica Financial Advisors reduced its stake in APPLE INC COM by 13.32% during the most recent quarter end. The investment management company now holds a total of 75,460 shares of APPLE INC COM which is valued at $7,974,613 after selling 11,594 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 0.67% of Transamerica Financial Advisors’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 , Seaward Management Limited Partnership reduced its stake in AAPL by selling 12,355 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 826,085 shares of AAPL which is valued at $87,300,663. APPLE INC COM makes up approx 4.65% of Seaward Management Limited Partnership’s portfolio.Redwood Investments reduced its stake in AAPL by selling 323,975 shares or 95.09% in the most recent quarter. The Hedge Fund company now holds 16,729 shares of AAPL which is valued at $1,767,921. APPLE INC COM makes up approx 0.17% of Redwood Investments’s portfolio.Migdal Insurance Financial Holdings Ltd. reduced its stake in AAPL by selling 1,030 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 539,419 shares of AAPL which is valued at $57,005,800. APPLE INC COM makes up approx 1.73% of Migdal Insurance Financial Holdings Ltd.’s portfolio.Biltmore Wealth Management reduced its stake in AAPL by selling 90 shares or 1.23% in the most recent quarter. The Hedge Fund company now holds 7,252 shares of AAPL which is valued at $796,632. APPLE INC COM makes up approx 0.67% of Biltmore Wealth Management’s portfolio.Indiana Trust Investment Management Co reduced its stake in AAPL by selling 2,921 shares or 8.86% in the most recent quarter. The Hedge Fund company now holds 30,053 shares of AAPL which is valued at $3,276,378. APPLE INC COM makes up approx 1.81% of Indiana Trust Investment Management Co’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.