Tech giant Apple (NASDAQ:AAPL) stock rose over 6% in Thursday’s after-hours trading as investors cheered the company’s better-than-expected second-quarter performance. Boosting investors’ sentiment, Apple announced a massive $110 billion buyback plan and increased its dividend. The company’s AI initiatives, launch of a new iPhone model, ongoing momentum in the Services segment, and focus on returning cash to its shareholders will likely act as catalysts. Consequently, it’s the right time to see who owns Apple.
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Now, according to TipRanks’ ownership page, public companies and individual investors own 64.90% of Apple. They are followed by other institutional investors, mutual funds, and insiders at 19.10%, 15.89%, and 0.11%, respectively.
Digging Deeper into Apple’s Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), Vanguard owns a 7.52% stake in AAPL stock. Next up is Vanguard Index Funds, which holds a 6.30% stake in the company.
Among the institutions, the Hedge Fund Confidence Signal is Negative on AAPL stock based on the activity of 123 hedge funds. Hedge funds decreased their AAPL holdings by 8.6M shares in the last quarter.
Also, individual investors have a Negative view of the company, given that in the last 30 days, the number of portfolios (tracked by TipRanks) holding Apple stock decreased by 2%. Overall, among the 730,653 portfolios monitored by TipRanks, 22.4% have invested in Apple stock.
Is Apple a Buy, Hold, or Sell?
Apple stock is down over 10% year-to-date. Meanwhile, analysts are cautiously optimistic about Apple stock.
With 18 Buy, 11 Hold, and two Sell recommendations, AAPL stock has a Moderate Buy consensus rating. The analysts’ average AAPL stock price target is $200.37, which implies 15.80% upside potential from current levels.
Conclusion
TipRanks’ Ownership tool provides AAPL ownership structure by category, enabling investors to make well-informed investing decisions.
For a thorough assessment of Apple stock, go to TipRanks’ Stock Analysis page.
