Ims Capital Management buys $3,920,207 stake in Apple (AAPL)

Apple (AAPL) : Ims Capital Management scooped up 11,434 additional shares in Apple during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 41,820 shares of Apple which is valued at $3,920,207.Apple makes up approximately 4.73% of Ims Capital Management’s portfolio.

Apple closed down -0.1 points or -0.11% at $93.64 with 4,81,60,104 shares getting traded on Monday. Post opening the session at $93.965, the shares hit an intraday low of $92.4 and an intraday high of $94.08 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Grimes Company boosted its stake in AAPL in the latest quarter, The investment management firm added 2,622 additional shares and now holds a total of 119,009 shares of Apple which is valued at $11,155,904. Apple makes up approx 1.45% of Grimes Company’s portfolio.Advisory Services Network reduced its stake in AAPL by selling 16,687 shares or 14.75% in the most recent quarter. The Hedge Fund company now holds 96,460 shares of AAPL which is valued at $10,193,893. Apple makes up approx 2.74% of Advisory Services Network’s portfolio.Watch Point Trust Co boosted its stake in AAPL in the latest quarter, The investment management firm added 5,145 additional shares and now holds a total of 36,738 shares of Apple which is valued at $3,882,472. Apple makes up approx 3.40% of Watch Point Trust Co’s portfolio.Stokes Hubbell Capital Management boosted its stake in AAPL in the latest quarter, The investment management firm added 3,243 additional shares and now holds a total of 40,120 shares of Apple which is valued at $4,239,882. Apple makes up approx 1.93% of Stokes Hubbell Capital Management’s portfolio.Hexavest boosted its stake in AAPL in the latest quarter, The investment management firm added 541,973 additional shares and now holds a total of 1,403,293 shares of Apple which is valued at $154,151,736. Apple makes up approx 2.38% of Hexavest’s portfolio.

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. 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 - Is it time to Sell?

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