“Institutional ownership in Apple stock is picking up, but it remains below its S&P 500 weighting, indicating there’s room for upside, Morgan Stanley analyst Katy Huberty said in a research report Wednesday,” Patrick Seitz reports for Investor’s Business Daily.
“‘Top 100 institutional shareholders had an average of 2.5% of their portfolio allocated to Apple exiting Q3, up from 2.3% at the end of Q2,’ she said. ‘This allocation level remains well below the 3.8% weighting of Apple in the S&P 500 and concentration peak of 4.5% seen in Q3 2012,'” Seitz reports. “The quarter-to-quarter improvement in institutional ownership of Apple stock is a positive trend and makes Apple’s recent outperformance in the market more sustainable than it was two years ago, Huberty said.”
Read more in the full article here.
I think Google screw-ups (Lollipoop, Glass )are helping more investors see them as the tech buffoons with no clothes they truly are and appreciate Apple despite it’s very small hiccups.
So much for the idiotic recent Fortune Larry Page over Tim Cook as top CEO article.
Tech buffoons. I have been searching for a one or two word phrase to describe Google’s efforts -outside of search- and your phrase is perfect.
Google AKA “High IQ morons.” 🙂
If institutional ownership climbs back to where it should be to balance institutional portfolios we should see a share price for AAPL of $130 or so fairly quickly.
IIRC, institutional ownership of AAPL has been below the S&P weighting for months. You’d think these brainiacs could have figured out a long time ago that AAPL was going up. They lost out on a buttload of profits since AAPL was down as low as $96 three months ago. But maybe their computer algorithms indicated waiting until the price was twenty bucks a share higher before a buy signal was triggered.
As AAPL approaches 1 trillion in marketcap I hope they realize they must buy TSLA to spike the football or else investors will hit the big # barrier and get all rangebound again.
AAPL/TSLA could run at 30 – 90 P/E – now that’s some big #s
Electric cars… really !!!
Once the government realizes how much they are losing on road taxes a way will be found to collect the tax at the charging stations.
What is the solution for the disposal of the used batteries?
Don’t forget the electrical power needs to come from the power grid. Fire up those coal plants or nuclear reactors that are already having a hard time keeping up during peak times.
Hybrid is they way to go. Or go nuclear and fill up once per lifetime LOL.
low IQ post.
The institutional investors will stay with the big winners like Cisco and Hewlett-Packard and Google. They like companies with a future. They’re not going to throw away their money on a doomed company named after a fruit and sells phones as a business. The big boys are looking for real growth and longevity. You have to realize that the people who run pension funds are financial geniuses who can’t afford to make mistakes. Besides, Tim Cook isn’t exactly the type of CEO these people have much affinity for.
/s
I really don’t see the institutional funds jumping on Apple in the future. If they were going to, they would have already done so by now while the price was lower. I’m sure they must have good reasons for avoiding Apple but I don’t know exactly what they could possibly be. When a company has excellent fundamentals, you’d think that would be good enough. Instead, they go with a company like Pandora. That’s a real head-scratcher.