Buffett Cuts Apple Stake by 75%, American Express Surges to $54 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: NASDAQ.COM
- Apple Stake Reduction: Buffett has cut Berkshire's stake in Apple to one-fourth of its original size, indicating concerns over the stock's valuation exceeding its intrinsic value, although Apple remains Berkshire's largest equity holding at approximately $174 billion.
- American Express Strong Performance: Despite a 150% increase in American Express's stock price over the past three years, its market value still represents about 5% of Berkshire's total market cap, showcasing the company's successful expansion into high-end consumer and small business markets, which is expected to drive revenue growth.
- Share Repurchase Program: American Express's stock repurchase program and consistent margins are projected to support double-digit earnings-per-share growth, further solidifying its significant position in Berkshire's portfolio and potentially replacing Apple as the new top holding.
- Portfolio Stability: Even as Buffett has sold hundreds of billions in stocks over recent years, American Express's stake has remained untouched, reflecting its stability and long-term value within Berkshire's investment portfolio, which is likely to continue attracting investor interest.
Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AAPL is 299.69 USD with a low forecast of 230.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
32 Analyst Rating
19 Buy
11 Hold
2 Sell
Moderate Buy
Current: 248.350
Low
230.00
Averages
299.69
High
350.00
Current: 248.350
Low
230.00
Averages
299.69
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, and Wearables, Home and Accessories. Its software platforms include iOS, iPadOS, macOS, watchOS, visionOS, and tvOS. Its services include advertising, AppleCare, cloud services, digital content and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
