Scott Selber buys $5,789,344 stake in Apple (AAPL)

Apple (AAPL) : Scott Selber scooped up 15,380 additional shares in Apple during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 62,439 shares of Apple which is valued at $5,789,344.Apple makes up approximately 3.94% of Scott Selber’s portfolio.

Apple closed down -0.52 points or -0.56% at $92.72 with 4,36,99,886 shares getting traded on Friday. Post opening the session at $93.37, the shares hit an intraday low of $91.85 and an intraday high of $93.45 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Lesa Sroufe Co boosted its stake in AAPL in the latest quarter, The investment management firm added 555 additional shares and now holds a total of 3,550 shares of Apple which is valued at $329,156. Apple makes up approx 0.31% of Lesa Sroufe Co’s portfolio.Quantbot Technologies Lp reduced its stake in AAPL by selling 66,738 shares or 83.6% in the most recent quarter. The Hedge Fund company now holds 13,089 shares of AAPL which is valued at $1,226,963. Apple makes up approx 0.19% of Quantbot Technologies Lp’s portfolio.Parsec Financial Management boosted its stake in AAPL in the latest quarter, The investment management firm added 1,274 additional shares and now holds a total of 283,231 shares of Apple which is valued at $26,550,074. Apple makes up approx 2.62% of Parsec Financial Management’s portfolio.Lafleur Godfrey reduced its stake in AAPL by selling 2,550 shares or 0.97% in the most recent quarter. The Hedge Fund company now holds 259,580 shares of AAPL which is valued at $24,333,029. Apple makes up approx 7.40% of Lafleur Godfrey’s portfolio.Patriot Wealth Management boosted its stake in AAPL in the latest quarter, The investment management firm added 18,096 additional shares and now holds a total of 124,840 shares of Apple which is valued at $13,193,091. Apple makes up approx 2.61% of Patriot Wealth Management’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.

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