Suffolk Capital Management buys $24,738,935 stake in Apple (AAPL)

Apple (AAPL) : Suffolk Capital Management scooped up 43,171 additional shares in Apple during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 273,298 shares of Apple which is valued at $24,738,935.Apple makes up approximately 3.32% of Suffolk Capital Management’s portfolio.

Other Hedge Funds, Including , Personal Capital Advisors Corp boosted its stake in AAPL in the latest quarter, The investment management firm added 21,841 additional shares and now holds a total of 169,252 shares of Apple which is valued at $15,320,691. Apple makes up approx 0.71% of Personal Capital Advisors Corp’s portfolio.Cypress Asset Management Inctx reduced its stake in AAPL by selling 10,827 shares or 9.19% in the most recent quarter. The Hedge Fund company now holds 107,035 shares of AAPL which is valued at $9,924,285. Apple makes up approx 1.99% of Cypress Asset Management Inctx’s portfolio.Staley Capital Advisers Inc reduced its stake in AAPL by selling 2,798 shares or 6.67% in the most recent quarter. The Hedge Fund company now holds 39,128 shares of AAPL which is valued at $3,627,948. Apple makes up approx 0.39% of Staley Capital Advisers Inc’s portfolio.Robshaw Julian Associates Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 58,058 shares of Apple which is valued at $5,383,138. Apple makes up approx 4.02% of Robshaw Julian Associates Inc’s portfolio. Agf Investments sold out all of its stake in AAPL during the most recent quarter. The investment firm sold 7,500 shares of AAPL which is valued $695,400.

Apple opened for trading at $90 and hit $91.67 on the upside on Friday, eventually ending the session at $90.52, with a gain of 0.20% or 0.18 points. The heightened volatility saw the trading volume jump to 4,43,92,765 shares. Company has a market cap of $495,817 M.

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 UBS on May 11, 2016 to “Buy” and Lowered the Price Target to $ 115 from a previous price target of $120 .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 .

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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