#1 - Apple, Inc. (NASDAQ :AAPL)
It’s no secret that Warren Buffett loves Apple (AAPL). As in,
really loves them. The Oracle of Omaha has mused that he wouldn’t mind owning the entire company. And he backs his lavish praise with investment dollars. Buffett increased his position in Apple by 44 percent. Berkshire now owns over 74 million shares of Apple, and the company occupies the most space in Buffett’s portfolio, totaling 21.3 percent. A large stake to be sure, but completely in line with Buffett’s investment philosophy.
Among its many attributes, Apple remains very popular with its core consumer base who continues to snap up the company’s products. They are sitting on over $250 billion in cash and are quickly growing their services division to bring in new revenue streams. And perhaps the most positive indicator is that Apple’s stock is trading at a discount to the broader market with a forward P/E multiple of 14.9. All these positives seem to override any concerns Buffett may have about Apple’s heavy reliance on iPhone sales, which account for more than 60 percent of their revenue. This is particularly interesting since Buffett himself professes not to own Apple products.
About Apple
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
Read More - Current Price
- $170.61
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 22 Buy Ratings, 12 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $203.05 (19.0% Upside)
