How much Apple stock did Warren Buffett sell?
Berkshire's most recent 13-F filing disclosing its holdings to the Securities and Exchange Commission showed it sold 10 million shares of Apple, or 1% of its stake, in the final three months of 2023. The conglomerate bought energy stocks including Chevron and Occidental Petroleum, the filing showed.
Warren Buffett's Berkshire Hathaway trimmed its flagship position in Apple in the fourth quarter. Berkshire sold about 1% of its Apple shares in the final three months of 2023, leaving it with a 5.9% stake in the iPhone maker worth about $167 billion on Wednesday, according to Dow Jones Market Data.
Apple Inc. is the world's second-largest company by market value. The company's market cap was about $2.64 trillion as of March 2024. The Vanguard Group was Apple's top shareholder as of January 2024 with more than 1.27 billion shares representing 8.27% of total shares.
The lowest closing price for Apple (AAPL) all-time was $0.04, on July 8, 1982. The latest price is $168.89.
Berkshire Hathaway, the conglomerate led by Warren Buffett, reduced its holdings in Apple by approximately 1% during the final quarter of 2023, according to recent Securities and Exchange Commission (SEC) filings.
The most recent sale, however, is notable if only because Buffett himself previously said his decision to cut his stake was “probably a mistake.” The late Charlie Munger agreed Buffett erred by selling. Yet those sales were done mainly for tax purposes, and that's likely why he sold again.
Largest shareholders include Vanguard Group Inc, BlackRock Inc., Berkshire Hathaway Inc, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Fmr Llc, Morgan Stanley, and Price T Rowe Associates Inc /md/ .
According to the latest TipRanks data, approximately 56.71% of Amazon (AMZN) stock is held by retail investors. Who owns the most shares of Amazon (AMZN)? Jeffrey Bezos owns the most shares of Amazon (AMZN).
Vanguard and BlackRock are currently the two largest institutional investors in Alphabet. Fifteen executives and directors, including Larry Page and Sergey Brin, own a combination of Class A and Class B shares, according to Alphabet.
On December 29, 2000, Apple (AAPL) had a market capitalization of $4.2B, based on 18.88B shares at a price of $0.22.
How much was Amazon stock in 1997?
The closing price for Amazon (AMZN) in 1997 was $0.25, on December 31, 1997. It was up 105.9% for the year. The latest price is $180.93.
As of 2024-04-03, the Fair Value of Apple Inc (AAPL) is 83.95 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 168.84 USD, the upside of Apple Inc is -50.3%.
Those gains translate to a 36.6% compound annual growth rate for Apple compared to a 7.4% CAGR for the S&P 500 in that time. That means that $10,000 in AAPL stock purchased 20 years ago would be worth about $5.08 million today, assuming reinvested dividends.
1. Berkshire Hathaway ($628,390) Berkshire Hathaway is the holding company of billionaire investor Warren Buffett. Berkshire Hathaway A shares (BRK.A) reached a high of $628,390 on March 20, 2024.1 The stock traded at $623,300 per share as of the intraday trading session on March 26, 2024.
"Apple's been on top for so long now," says Matt Warman in Britain's Telegraph, "there is only one way it can go." Indeed, Apple shares will never get back to $700, says The Economist.
Assuming Berkshire continues to hold 915 million shares of Apple, that stake will provide it with $878 million in dividend income over the next 12 months. Apple has tremendous cash resources that it can invest in technology, but it's the company's brand that Buffett values the most.
That's even after Warren Buffett sold about $2 billion worth of shares last quarter. The total value of Berkshire's 905.5 million Apple shares is about $161.4 billion.
Apple has 20.11% upside potential, based on the analysts' average price target. Is AAPL a Buy, Sell or Hold? Apple has a conensus rating of Moderate Buy which is based on 16 buy ratings, 11 hold ratings and 1 sell ratings.
Sirius XM (NASDAQ: SIRI) has been an equity holding of Warren Buffett's investment vehicle Berkshire Hathaway for years. Not everything the star investor touches turns to gold, however, and the satellite radio broadcaster is poised to keep being an underperformer.
Sell when the share price reaches your target value
If a stock you hold has achieved your objectives – that is, reached a target price that you have set – it could be time to sell and reinvest the proceeds somewhere else. This may take some resilience if it looks like the stock is still going up.
What is the future of Apple stock?
The past decade has been good overall for Apple investors. They've watched the stock price go from roughly $18 per share all the way to its all-time high of $197.86 on December 13, 2023. It's pulled back to $180.10 (as of February 29, 2024), but long-term shareholders are profiting from their patience.
Levinson – 4,434,576 – 0.029% Contrary to common belief, Tim Cook, Apple's CEO, is not the company's largest individual shareholder. Arthur Levinson is Apple's largest individual shareholder, owning 4.43 million shares as of February 2024.
Largest shareholders include Berkshire Hathaway Inc, Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Jpmorgan Chase & Co, Geode Capital Management, Llc, Fmr Llc, and Morgan Stanley .
Apple Inc. (formerly Apple Computer, Inc.) is an American multinational corporation and technology company headquartered in Cupertino, California, in Silicon Valley. It designs, develops, and sells consumer electronics, computer software, and online services.
Vanguard owns the most shares of Walt Disney (DIS).
