5 Stocks from Companies Generating High Cash Flow

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1. Apple Inc. (NASDAQ:AAPL)

Free Cash Flow Trailing Twelve Months: $101.0 billion

Number of Hedge Fund Holders: 135

Apple Inc. (NASDAQ:AAPL) is a leading technology company focused on the designing, manufacturing, and marketing of smartphones, personal computers, tablets, wearables, and accessories, and sells a variety of related services.

Apple Inc. (NASDAQ:AAPL) released worldwide the latest version of its flagship smartphone titled iPhone 15, on September 22 earlier this year. Sales for the models have remained strong in the early period and analysts expect positive results from the release.

On October 25, Deutsche Bank lowered the price target on Apple Inc. (NASDAQ:AAPL) shares to $200 from $210 but maintained an ‘Overweight’ rating for the shares.

As of Q2 2023, Apple Inc. (NASDAQ:AAPL) shares were held by 135 of the 910 hedge funds tracked by Insider Monkey with the total shares held by hedge funds valued at a whopping $194.0 billion. Warren Buffet’s Berkshire Hathaway was its biggest shareholder with ownership of 915.6 million shares valued at $177.6 billion.

You may also like to read 12 Best Asian Stocks To Buy Now and 12 Best Internet of Things (IoT) Stocks To Buy

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