Apple NASDAQ:AAPL Stock Up: Who Owns the Company?
Apple’s stock jumped on strong earnings and a stock buyback plan. Retail investors and public companies are the main owners, but some hedge funds and individual investors are selling. Despite a recent price drop, analysts are optimistic about Apple’s future.
CONTENTS: Apple NASDAQ:AAPL Stock Up
- Apple Stock Soars
- Apple: Owned By You (and Millions Like You)
- Is Apple Losing Its Retail Investors?
- Apple Down 10% YTD, But Analysts See 15% Upside
Apple Stock Soars: A Look at Who Owns the Tech Giant
Apple’s (NASDAQ:AAPL) stock surged by more than 6% during after-hours trading on Thursday following the announcement of its stronger-than-anticipated second-quarter results.
Investors welcomed the news of Apple’s substantial $110 billion buyback initiative and dividend hike, which boosted confidence in the company.
Factors such as its advancements in AI, the introduction of a new iPhone model, sustained growth in its Services division, and commitment to rewarding shareholders are expected to drive further momentum.
Given these developments, it’s pertinent to examine Apple’s ownership landscape.
Apple: Owned By You (and Millions Like You)
As per TipRanks’ ownership data, Apple’s ownership structure is predominantly composed of public companies and individual investors, holding 64.90% of the shares. This is trailed by other institutional investors, mutual funds, and insiders, who own 19.10%, 15.89%, and 0.11%, respectively.
Is Apple Losing Its Retail Investors?
Big investment groups like Vanguard own a good chunk of Apple, with one part owning 7.52% and another owning 6.30%. But hedge funds, which are like investment clubs, aren’t so keen on Apple lately. A bunch of them sold off some of their Apple shares last quarter. And regular folks who invest on their own also seem unsure about Apple.
A tracking service found that fewer people are holding Apple stock in their portfolios lately.
Overall, out of a lot of portfolios they keep an eye on, about a fifth have Apple stock.
Apple Down 10% YTD, But Analysts See 15% Upside
Apple’s stock has dropped more than 10% since the beginning of the year.
However, analysts are feeling cautiously hopeful about it. They’ve given it a “Moderate Buy” rating, with 18 analysts saying “Buy,” 11 saying “Hold,” and 2 saying “Sell.”
On average, these analysts think Apple’s stock could reach $200.37, which is about 15.80% higher than it is now.
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