Apple (AAPL) : Southeast Asset Advisors scooped up 55 additional shares in Apple during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 81,387 shares of Apple which is valued at $8,804,446.Apple makes up approximately 2.93% of Southeast Asset Advisors’s portfolio.
Other Hedge Funds, Including , Delphi Private Advisors boosted its stake in AAPL in the latest quarter, The investment management firm added 69 additional shares and now holds a total of 1,462 shares of Apple which is valued at $158,159. Apple makes up approx 0.28% of Delphi Private Advisors’s portfolio.Edmond De Rothschild Private Merchant Banking Llp reduced its stake in AAPL by selling 3,039 shares or 13.2% in the most recent quarter. The Hedge Fund company now holds 19,979 shares of AAPL which is valued at $2,161,328. Apple makes up approx 8.29% of Edmond De Rothschild Private Merchant Banking Llp’s portfolio.Pekin Singer Strauss Asset Management Il reduced its stake in AAPL by selling 698 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 33,195 shares of AAPL which is valued at $3,511,699. Apple makes up approx 0.75% of Pekin Singer Strauss Asset Management Il’s portfolio.Redwood Investments reduced its stake in AAPL by selling 737 shares or 4.41% in the most recent quarter. The Hedge Fund company now holds 15,992 shares of AAPL which is valued at $1,646,376. Apple makes up approx 0.14% of Redwood Investments’s portfolio.
Apple closed down -0.12 points or -0.11% at $106.82 with 2,49,70,300 shares getting traded on Monday. Post opening the session at $106.62, the shares hit an intraday low of $106.29 and an intraday high of $107.44 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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 RBC Capital Mkts on Aug 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 117 from a previous price target of $115 .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 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.