Strategic Wealth Advisors Groupinc. adds Apple (AAPL) to its portfolio

Apple (AAPL) : Strategic Wealth Advisors Groupinc. added new position in Apple during the most recent quarter end. The investment management firm now holds 164,770 shares of Apple which is valued at $16.5 Million , the company said in a statement filed on May 25, 2016 with the SEC.Apple makes up approximately 5.27% of Strategic Wealth Advisors Groupinc.’s portfolio.

Other Hedge Funds, Including , M Holdings Securities boosted its stake in AAPL in the latest quarter, The investment management firm added 2,595 additional shares and now holds a total of 44,266 shares of Apple which is valued at $4.4 Million. Apple makes up approx 2.68% of M Holdings Securities’s portfolio.Fdx Advisors reduced its stake in AAPL by selling 7,212 shares or 8.37% in the most recent quarter. The Hedge Fund company now holds 78,932 shares of AAPL which is valued at $7.5 Million. Apple makes up approx 0.34% of Fdx Advisors’s portfolio.D’orazio Associates boosted its stake in AAPL in the latest quarter, The investment management firm added 755 additional shares and now holds a total of 5,525 shares of Apple which is valued at $500,123. Apple makes up approx 0.19% of D’orazio Associates’s portfolio.Truepoint boosted its stake in AAPL in the latest quarter, The investment management firm added 873 additional shares and now holds a total of 37,929 shares of Apple which is valued at $3.4 Million. Apple makes up approx 0.45% of Truepoint’s portfolio.Nf Trinity Capital (hong Kong) Ltd boosted its stake in AAPL in the latest quarter, The investment management firm added 49,000 additional shares and now holds a total of 523,597 shares of Apple which is valued at $47.4 Million. Apple makes up approx 6.53% of Nf Trinity Capital (hong Kong) Ltd’s portfolio.

Apple closed down -1.4 points or -1.40% at $98.46 with 2,91,73,285 shares getting traded on Wednesday. Post opening the session at $99.02, the shares hit an intraday low of $98.33 and an intraday high of $99.54 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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 Goldman on Jun 2, 2016 to “Buy” and Lowered the Price Target to $ 124 from a previous price target of $136 .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 .

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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