Kendall Capital Management Enters Apple Stock Market with New Stake

Kendall Capital Management has acquired a new stake in Apple Inc.'s stock, purchasing 25,526 shares during the second quarter. The shares were valued at approximately $7,386,000.

This represents about 1.2% of Kendall Capital Management's investment portfolio, making it their 16th largest position. Another hedge fund, Nuveen LLC, has also increased its stake in Apple by 3.8% during the fourth quarter, with a total holding worth $20,389,750,000.

In addition to these developments, various analysts have weighed in on Apple's prospects. TD Cowen reconfirmed their 'buy' rating and set a price target of $400 for the stock. Royal Bank Of Canada also set a target of $365 for Apple shares.