5 Best Dow Stocks To Buy Right Now

3. Apple Inc (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135

Apple Inc (NASDAQ:AAPL) makes and sells devices like smartphones, computers, tablets, wearables, and accessories globally. Apple’s shares rose 291.69% in the past five years due to the strong brand and loyal customers willing to pay a premium.

Apple Inc (NASDAQ:AAPL) has a ‘Moderate Buy’ consensus rating derived from 24 buy ratings, 6 hold ratings, and 1 sell rating. The average price target for Apple is $170.18, with the highest analyst price target at $210.00 and the lowest forecast at $107.00.

There were 135 hedge funds in our database that held stakes in Apple Inc (NASDAQ:AAPL)’s at the end of the fourth quarter, compared to 140 funds in the third quarter. The company stands third on our list of 12 best Dow stocks to buy right now. Berkshire Hathaway is the company’s most significant stakeholder, with 895.14 million shares worth $116.31 billion.

In its Q4 2022 investor letter, Distillate Capital stated the following about Apple Inc. (NASDAQ:AAPL):

“The largest new purchase was Apple Inc. (NASDAQ:AAPL), which after underperforming saw its valuation improve significantly. Over the course of the last year, Apple’s consensus estimated forward free cash flows rose modestly, while its enterprise value fell by around 30%. Apple ranks below the 25th most attractive name in the portfolio and so its weight is capped at 4% vs. 6% for names in the top quartile.”

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