5 Best Value Stocks To Buy According To Warren Buffett

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1. Apple Inc. (NASDAQ:AAPL)

Berkshire Hathaway Stake: $122,337,373,000

Percentage of Berkshire Hathaway’s Portfolio: 40.76%

Number of Hedge Fund Holders: 128

Apple Inc. (NASDAQ:AAPL) is an American multinational company operating in the consumer electronics business and engaged in the designing, manufacturing, marketing, and selling of smartphones, personal computers, phone accessories, and tablets. The company has its headquarters in Cupertino, California, with a global employee base of 154,000 individuals. Warren Buffett increased his holding of Apple Inc. (NASDAQ:AAPL) by 1% during Q2 2022, and at the end of the quarter, his investment value in the company amounted to over $122 billion.

On October 17, 2022, Erik Woodring, an analyst at Morgan Stanley, reduced his price target on Apple Inc. (NASDAQ:AAPL) to $177. The analyst currently has an Overweight rating on the stock but believes that valuation multiples for consumer stocks can reach trough levels which will cause some price downside. The analyst believes that Apple Inc. (NASDAQ:AAPL) is a quality stock and will come out of the current challenging environment unscathed.

At the end of the quarter ending June 2022, Berkshire Hathaway was the leading holder of the company’s stock, with a holding of 894,802,319 shares. As per Insider’s Monkey database, 128 hedge funds owned stakes in Apple Inc. (NASDAQ:AAPL) at the end of Q2 2022.

Wedgewood Partners mentioned Apple Inc. (NASDAQ:AAPL) in its Q3 2022 investor letter. Here is what the firm has to say:

Apple Inc. (NASDAQ:AAPL) grew revenues +5% (foreign exchange adjusted and excluding Russia) driven by record iPhone revenues that were up about +3% on an exceptional year ago comparison of +50%. Apple’s installed base is over 1.8 billion devices which helps drive a software and services business that has generated almost $80 billion of revenue over the past 4 quarters. As we have highlighted in the past, Apple’s relentless focus on the development and integration between hardware (especially ICs) as well as software, continues to add significant value for customers of its products and services. We expect this favorable competitive dynamic to continue for the foreseeable future.

You can also take a look at 10 Best Used Car Stocks To Buy Now and 5 Best REIT Stocks to Buy Right Now.

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