Howe Rusling Inc buys $13,097,865 stake in Apple (AAPL)

Apple (AAPL) : Howe Rusling Inc scooped up 1,073 additional shares in Apple during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 111,348 shares of Apple which is valued at $13,097,865.Apple makes up approximately 2.87% of Howe Rusling Inc’s portfolio.

Other Hedge Funds, Including , Crestpoint Capital Management boosted its stake in AAPL in the latest quarter, The investment management firm added 3,800 additional shares and now holds a total of 33,000 shares of Apple which is valued at $3,881,790. Apple makes up approx 2.02% of Crestpoint Capital Management’s portfolio.Elite Wealth Management reduced its stake in AAPL by selling 1,143 shares or 3.9% in the most recent quarter. The Hedge Fund company now holds 28,194 shares of AAPL which is valued at $3,316,460. Apple makes up approx 4.86% of Elite Wealth Management’s portfolio. Parametrica Management Ltd added AAPL to its portfolio by purchasing 1,800 company shares during the most recent quarter which is valued at $210,564. Apple makes up approx 0.60% of Parametrica Management Ltd’s portfolio.Canal Capital Management boosted its stake in AAPL in the latest quarter, The investment management firm added 1,908 additional shares and now holds a total of 23,291 shares of Apple which is valued at $2,702,921. Apple makes up approx 2.52% of Canal Capital Management’s portfolio.Cullinan Associates Inc boosted its stake in AAPL in the latest quarter, The investment management firm added 1,231 additional shares and now holds a total of 196,464 shares of Apple which is valued at $22,210,255. Apple makes up approx 1.91% of Cullinan Associates Inc’s portfolio.

Apple opened for trading at $117.88 and hit $118.17 on the upside on Friday, eventually ending the session at $117.63, with a gain of 0.56% or 0.65 points. The heightened volatility saw the trading volume jump to 3,56,52,191 shares. Company has a market cap of $633,843 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 Stifel on Oct 18, 2016 to “Buy”, Firm has raised the Price Target to $ 130 from a previous price target of $120 .Company shares were Reiterated by Deutsche Bank on Oct 18, 2016 to “Hold”, Firm has raised the Price Target to $ 108 from a previous price target of $105 .Company shares were Reiterated by Pacific Crest on Oct 13, 2016 to “Overweight”, Firm has raised the Price Target to $ 129 from a previous price target of $121 .

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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