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  • Institutional Ownership of AAPL Continues to Slump


    According to data provided by Morgan Stanley, institutional ownership of AAPL stock continues to fall.

    As of this writing, shares of the Cupertino, California-based tech giant have recently touched 5-year lows, accelerating a downswing in AAPL ownership that has caught many analysts and investors by surprise. Nonetheless, a number of prominent analysts aren't losing their optimistic outlook.

    In a report published Wednesday, Morgan Stanley analyst Katy L. Huberty reiterated an Overweight rating and $630.00 price target on Apple.
    "[Institutional investors] hold less concentrated positions in Apple than in the past with the top 30 holders allocating 2.2% of their fund to AAPL, compared to a high of 4.1% in the last five years and Apple's current 2.9% weighting in the S&P 500," Huberty told investors Wednesday in a note leaked to the web. "By comparison, institutional funds are overweight (on) all other large cap technology stocks in our analysis."

    Apple closed on Tuesday at $522 and is trading this morning just north of $518.

    Source: Benziga
    This article was originally published in forum thread: Institutional Ownership of AAPL Continues to Slump started by Michael Essany View original post
    Comments 8 Comments
    1. bigboyz's Avatar
      bigboyz -
      All time lows usually come before all time highs. Next article please :]
    1. slim.jim's Avatar
      slim.jim -
      Buy low and sell high in a few months
    1. *T*'s Avatar
      *T* -
      Quote Originally Posted by bigboyz View Post
      All time lows usually come before all time highs. Next article please :]
      Not true at all.
    1. unison999's Avatar
      unison999 -
      no, they usually go under.
      Not saying that is what will happen to Apple, at least not until Apple exhaust the money kept in foreign banks.
      But at least market is reflecting lack of innovation from Apple.
    1. clive.weller's Avatar
      clive.weller -
      Apple is very complacent offering little tit bits here and there but nothing new. Year on year nothing but small alterations to what they already have. Sooner or later they will fall over and it serves them right.
    1. politicalslug's Avatar
      politicalslug -
      The consumer market has nothing to do with this. Apple continues to grow in sales and profits. Don't mistake stock prices and investment holdings for sales performance. If that were the case the, for example, Google wouldn't have a market cap 25+ times higher than its revenue while Apple's P/E us lower than almost all other large tech companies.
    1. mortopher's Avatar
      mortopher -
      Five year lows? I don't think so.
    1. sirbebe's Avatar
      sirbebe -
      There is no scenario where able goes under this is just a numbers games. When it comes down to cold cash they never loose. Wall Street is a fish on a hook