5 Best Dow Stocks To Buy Now

3. Apple Inc (NASDAQ:AAPL)

Apple Inc (NASDAQ:AAPL) saw 134 funds holding $127.30 billion worth of stock, up from 128 funds with stakes worth $106 billion a quarter earlier. However, despite having so many investors owning shares, the bulk of the stock is owned by billionaire Warren Buffett’s Berkshire Hathaway. In its latest 13F filing, Berkshire reported ownership of 944.30 million shares, up by 290% on the quarter. Buffett’s stake is worth nearly $110 billion. Other shareholders of Apple include Fisher Asset Management, AQR Capital Management, and Phill Gross and Robert Atchinson’s Adage Capital Management.

Since the beginning of the year, Apple Inc (NASDAQ:AAPL)’s shares have surged by 76%. Despite store closures around the world, Apple managed to maintain its sales levels, even though latest results showed lower sales in China due to late delivery of the iPhone 12 model. The company expects sales to grow this quarter and into the next year. This seems to be supported by some analysts. For example, Morgan Stanley’s Katy Huberty has recently reiterated its Outperform rating and $144 price target on Apple Inc (NASDAQ:AAPL), saying that iPhone sales are performing better than expected in China. Moreover, there have been many discussions about Apple Inc (NASDAQ:AAPL) potentially releasing a car by itself or in partnership with another carmaker like Tesla Inc (NASDAQ:TSLA).