Independent Franchise Partners Llp buys $793,570,461 stake in Apple (AAPL)

Apple (AAPL) : Independent Franchise Partners Llp scooped up 1,053,567 additional shares in Apple during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 7,501,375 shares of Apple which is valued at $793,570,461.Apple makes up approximately 8.22% of Independent Franchise Partners Llp’s portfolio.

Other Hedge Funds, Including , Moisand Fitzgerald Tamayo reduced its stake in AAPL by selling 342 shares or 12.09% in the most recent quarter. The Hedge Fund company now holds 2,486 shares of AAPL which is valued at $262,994. Apple makes up approx 0.20% of Moisand Fitzgerald Tamayo’s portfolio.Blue Fin Capital reduced its stake in AAPL by selling 1,594 shares or 1.71% in the most recent quarter. The Hedge Fund company now holds 91,876 shares of AAPL which is valued at $9,574,398. Apple makes up approx 7.72% of Blue Fin Capital’s portfolio.Dock Street Asset Management Inc reduced its stake in AAPL by selling 50,928 shares or 19.94% in the most recent quarter. The Hedge Fund company now holds 204,441 shares of AAPL which is valued at $21,047,201. Apple makes up approx 17.72% of Dock Street Asset Management Inc’s portfolio.Armstrong Henry H Associates Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 14 additional shares and now holds a total of 17,382 shares of Apple which is valued at $1,789,477. Apple makes up approx 0.34% of Armstrong Henry H Associates Inc’s portfolio.Huntington National Bank reduced its stake in AAPL by selling 22,974 shares or 3.04% in the most recent quarter. The Hedge Fund company now holds 731,846 shares of AAPL which is valued at $75,343,546. Apple makes up approx 1.84% of Huntington National Bank’s portfolio.

Apple opened for trading at $107.52 and hit $108.37 on the upside on Monday, eventually ending the session at $108.37, with a gain of 0.83% or 0.89 points. The heightened volatility saw the trading volume jump to 2,80,37,220 shares. Company has a market cap of $583,946 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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