Hutchinson Capital Managementca Exits Position in Apple (AAPL)

Apple (AAPL) : Hutchinson Capital Managementca has sold out all of its stake in Apple during the most recent quarter, according to the disclosure filed by the company on Aug 1, 2016 with the SEC. The investment management company has sold out 2,103 shares of Apple which is valued at $222,476.

Other Hedge Funds, Including , Ngam Advisors boosted its stake in AAPL in the latest quarter, The investment management firm added 44,562 additional shares and now holds a total of 550,514 shares of Apple which is valued at $58,238,876. Apple makes up approx 0.78% of Ngam Advisors’s portfolio.Greystone Investment Management boosted its stake in AAPL in the latest quarter, The investment management firm added 550 additional shares and now holds a total of 41,710 shares of Apple which is valued at $4,294,045. Apple makes up approx 1.87% of Greystone Investment Management’s portfolio.Willow Creek Wealth Management boosted its stake in AAPL in the latest quarter, The investment management firm added 219 additional shares and now holds a total of 13,380 shares of Apple which is valued at $1,377,471. Apple makes up approx 1.12% of Willow Creek Wealth Management’s portfolio.Green Square Capital boosted its stake in AAPL in the latest quarter, The investment management firm added 3,793 additional shares and now holds a total of 62,609 shares of Apple which is valued at $6,445,597. Apple makes up approx 1.56% of Green Square Capital’s portfolio.Peddock Capital Advisors boosted its stake in AAPL in the latest quarter, The investment management firm added 2,901 additional shares and now holds a total of 18,785 shares of Apple which is valued at $1,875,307. Apple makes up approx 1.17% of Peddock Capital Advisors’s portfolio.

Apple opened for trading at $105.58 and hit $106 on the upside on Thursday, eventually ending the session at $105.87, with a gain of 0.08% or 0.08 points. The heightened volatility saw the trading volume jump to 2,74,08,650 shares. Company has a market cap of $570,474 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. Apple was Upgraded by Hilliard Lyons to ” Buy” on Jul 28, 2016. 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.

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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