Reliant Investment Management buys $3,527,144 stake in Apple (AAPL)

Apple (AAPL) : Reliant Investment Management scooped up 625 additional shares in Apple during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 33,341 shares of Apple which is valued at $3,527,144.Apple makes up approximately 3.08% of Reliant Investment Management’s portfolio.

Other Hedge Funds, Including , Lourd Capital boosted its stake in AAPL in the latest quarter, The investment management firm added 1,249 additional shares and now holds a total of 33,776 shares of Apple which is valued at $3,573,163. Apple makes up approx 0.99% of Lourd Capital’s portfolio.Parsec Financial Management boosted its stake in AAPL in the latest quarter, The investment management firm added 3,225 additional shares and now holds a total of 286,456 shares of Apple which is valued at $29,851,580. Apple makes up approx 2.76% of Parsec Financial Management’s portfolio.Stonebridge Capital Management Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 17,141 additional shares and now holds a total of 82,013 shares of Apple which is valued at $8,443,238. Apple makes up approx 3.72% of Stonebridge Capital Management Inc’s portfolio.Kessler Investment Group reduced its stake in AAPL by selling 100 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 4,760 shares of AAPL which is valued at $475,810. Apple makes up approx 0.66% of Kessler Investment Group’s portfolio.Cedar Hill Associates boosted its stake in AAPL in the latest quarter, The investment management firm added 1,475 additional shares and now holds a total of 123,159 shares of Apple which is valued at $12,294,963. Apple makes up approx 2.05% of Cedar Hill Associates’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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