Indiana Trust Investment Management Co Lowers stake in Apple (AAPL)

Apple (AAPL) : Indiana Trust Investment Management Co reduced its stake in Apple by 1.28% during the most recent quarter end. The investment management company now holds a total of 29,668 shares of Apple which is valued at $2,819,647 after selling 385 shares in Apple , the firm said in a disclosure report filed with the SEC on Jul 5, 2016.Apple makes up approximately 1.48% of Indiana Trust Investment Management Co’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands boosted its stake in AAPL in the latest quarter, The investment management firm added 23,000 additional shares and now holds a total of 177,400 shares of Apple which is valued at $16,860,096. Apple makes up approx 2.25% of Pensionfund Dsm Netherlands’s portfolio.Cullinan Associates Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 5,110 additional shares and now holds a total of 195,233 shares of Apple which is valued at $18,720,892. Apple makes up approx 1.52% of Cullinan Associates Inc’s portfolio.Baystate Wealth Management reduced its stake in AAPL by selling 32 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 6,743 shares of AAPL which is valued at $646,586. Apple makes up approx 0.15% of Baystate Wealth Management’s portfolio.Toth Financial Advisory Corp boosted its stake in AAPL in the latest quarter, The investment management firm added 332 additional shares and now holds a total of 9,618 shares of Apple which is valued at $922,270. Apple makes up approx 0.28% of Toth Financial Advisory Corp’s portfolio.Cacti Asset Management boosted its stake in AAPL in the latest quarter, The investment management firm added 5,150 additional shares and now holds a total of 344,355 shares of Apple which is valued at $33,020,201. Apple makes up approx 3.58% of Cacti Asset Management’s portfolio.

Apple opened for trading at $96.75 and hit $97.65 on the upside on Monday, eventually ending the session at $96.98, with a gain of 0.31% or 0.3 points. The heightened volatility saw the trading volume jump to 2,37,94,945 shares. Company has a market cap of $531,201 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. Longbow Initiated Apple on Jul 6, 2016 to “Buy”, Price Target of the shares are set at $125.Shares were Reiterated by RBC Capital Mkts on Jun 17, 2016 to “Outperform” and Lowered the Price Target to $ 115 from a previous price target of $120 .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 .

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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