Proffitt Goodson Inc Lowers stake in Apple (AAPL)

Apple (AAPL) : Proffitt Goodson Inc reduced its stake in Apple by 4.52% during the most recent quarter end. The investment management company now holds a total of 16,566 shares of Apple which is valued at $1,634,402 after selling 785 shares in Apple , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.Apple makes up approximately 0.87% of Proffitt Goodson Inc’s portfolio.

Other Hedge Funds, Including , Spc Financial reduced its stake in AAPL by selling 282 shares or 7.15% in the most recent quarter. The Hedge Fund company now holds 3,661 shares of AAPL which is valued at $361,194. Apple makes up approx 0.13% of Spc Financial’s portfolio.Partnerre Asset Management Corp reduced its stake in AAPL by selling 100 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 37,497 shares of AAPL which is valued at $3,743,326. Apple makes up approx 1.88% of Partnerre Asset Management Corp’s portfolio.Parasol Investment Management reduced its stake in AAPL by selling 370 shares or 8.84% in the most recent quarter. The Hedge Fund company now holds 3,814 shares of AAPL which is valued at $380,752. Apple makes up approx 0.39% of Parasol Investment Management’s portfolio.Campbell Newman Asset Management Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 38,755 additional shares and now holds a total of 56,905 shares of Apple which is valued at $5,512,387. Apple makes up approx 0.98% of Campbell Newman Asset Management Inc’s portfolio.Lifeplan Financial Group Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 51 additional shares and now holds a total of 9,240 shares of Apple which is valued at $893,323. Apple makes up approx 0.61% of Lifeplan Financial Group Inc’s portfolio.

Apple opened for trading at $102.83 and hit $104.45 on the upside on Thursday, eventually ending the session at $104.34, with a gain of 1.35% or 1.39 points. The heightened volatility saw the trading volume jump to 3,87,21,377 shares. Company has a market cap of $571,515 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. Company shares were Reiterated by Macquarie on Jul 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 115 from a previous price target of $112 .Apple was Upgraded by Raymond James to ” Outperform” on Jul 27, 2016. Company shares were Reiterated by Maxim Group on Jul 25, 2016 to “Buy”, Firm has raised the Price Target to $ 168 from a previous price target of $157 .

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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