5 Best Beginner Stocks to Invest in Right Now

3. Apple Inc. (NASDAQ: AAPL)

Number of Hedge Fund Holders: 127

Apple Inc. (NASDAQ: AAPL) is next on our list of the best beginner stocks to invest in right now. The Q1 2021 revenue of the company stood at over $89.5 billion, up from 58.3 billion during the same period last year. The analysts expect a 21% growth in revenue in 2021. 

Apple Inc. (NASDAQ: AAPL) has been the choice of investors because of its continuous growth over the years. The share price of AAPL stock has increased by 446% in the past five years and 48% in the past year. Apple Inc. (NASDAQ: AAPL) has 16.6 billion shares outstanding, 58.6% of which are owned by the institutions. The company also announced a quarterly dividend of $0.22 per share. 

A total of 127 hedge funds tracked by Insider Monkey held stakes in Apple as of the end of the first quarter of 2021.

An investment management firm, ClearBridge Investments, published its ‘Large Cap Value Strategy’ Q1 2021 investor letter. The firm mentioned Apple Inc. (NASDAQ: AAPL) in its letter. Here is what it has to say: 

“As we actively manage holdings and position sizes, we look to regularly recycle capital into more compelling opportunities. Maintaining our valuation discipline, we sharply reduced our position in Apple, whose shares more than doubled following our initial purchase in mid-2019 with an earnings multiple rising from the low-to-mid teens to nearly 30x.”