5 Favorite Dividend Stocks of Hedge Funds

 4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 131

Apple Inc. (NASDAQ:AAPL) is the largest technology company in the world by market cap, which stands at $2.4 trillion as of the first quarter of 2022.

Apple outperformed analysts’ expectations in the first quarter of 2022 and boasted a revenue of $97 billion, exceeding consensus estimates by $3 billion. It also exceeded expectations in EPS and came up with an Earnings per Share of $1.52 beating consensus estimates by $0.09. 

ClearBridge Investments discussed Apple in their Q4, 2021 investor letter. Here is what they said:

“Despite these mixed emerging growth results, the ClearBridge Global Growth Strategy outperformed the benchmark due to resilience among our secular and structural growth holdings. The bulk of these contributions came from U.S. mega-cap growth stocks Apple and Microsoft which continued to uniquely act both offensively and defensively as they have through most of the pandemic.”