Apple Inc. NASDAQ: AAPL’s Chief Executive Tim Cook is not just a CEO, he is a great leader who supports many causes. Today he announced the Equal Justice Initiative, a non-profit focusing on racial injustice.
In his memo to employees he eloquently wrote “There is a pain deeply etched in the soul of our nation and in the hearts of millions,” he wrote. “To stand together, we must stand up for one another, and recognize the fear, hurt, and outrage rightly provoked by the senseless killing of George Floyd and a much longer history of racism.”
Apple Inc. NASDAQ: AAPL is a great company and we believe Apple Inc. stock has room to grow, even in the foreseeable future in a global pandemic. Apple Inc. NASDAQ: AAPL stock is up 43% in the last twelve months. And in its most recent quarterly report record revenues occurred in its services and wearable segments.
Apple is the king of cash with a record $193 billion in cash and investments and returning that to investors with dividends and buybacks worth $50 billion to its share-buyback program.
Top Four Institutional Holders
Holder Shares Date Reported % Out Value
Vanguard Group, Inc. (The) 336,728,608 Mar 30, 2020 7.77% 85,626,717,728
Blackrock Inc. 274,684,501 Mar 30, 2020 6.34% 69,849,521,759
Berkshire Hathaway, Inc 245,155,566 Mar 30, 2020 5.66% 62,340,608,878
State Street Corporation 180,558,954 Mar 30, 2020 4.17% 45,914,336,412
Top Six Mutual Fund Holders
Holder Shares Date Reported % Out Value
Vanguard Total Stock Market Index Fund 112,647,486 Dec 30, 2019 2.60% 33,078,934,263
Vanguard 500 Index Fund 83,444,529 Dec 30, 2019 1.93% 24,503,485,940
SPDR S&P 500 ETF Trust 48,206,920 Jan 30, 2020 1.11% 14,920,523,809
Vanguard Institutional Index Fund-Institutional Index Fund 37,771,139 Dec 30, 2019 0.87% 11,091,494,967
Fidelity 500 Index Fund 36,848,222 Jan 30, 2020 0.85% 11,404,893,191
Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF 34,016,396 Jan 30, 2020 0.78% 10,528,414,72
Profit Margin 21.35%
Revenue (ttm) 267.98B
Revenue Per Share (ttm) 60.10
Quarterly Revenue Growth (yoy) 0.50%
Gross Profit (ttm) 98.39B
Our Top Stock are Walmart which is so undervalued and should be trading above $300 and Groupon (NASDAQ:GRPN) with a potential upside $50 by end of the year with strong holiday sales and retail spending. Another company we like is Google Alphabet ( NASDAQ:GOOGL ) with an upside of $2000 and Apple ( NASDQ:AAPL ) with upside of $1000.
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