After Skyrocketing 615%, Why Does Warren Buffett Still Own Apple Stock?
Many people believe that Warren Buffett is the greatest investor ever. As the longtime CEO of Berkshire Hathaway, he has held many winning investments.
Perhaps his most successful is (NASDAQ: AAPL). The conglomerate first started buying shares in the iPhone maker during the first quarter of 2016. And since the start of that year, shares have skyrocketed an incredible 615%.
A whopping 45.7% of Berkshire's entire portfolio is represented by just Apple. With such a high weighting, coupled with a market cap of $2.9 trillion and a price-to-earning (P/E) ratio of 30.4, it forces one to wonder why the Oracle of Omaha still owns Apple today.
Source Fool.com
Apple Inc. Stock
€202.65
0.300%
Currently there is a rather positive sentiment for Apple Inc. with 136 Buy predictions and 18 Sell predictions.
With a target price of 223 € there is a slightly positive potential of 10.04% for Apple Inc. compared to the current price of 202.65 €.
