Frederick DiSanto’s Ancora Advisors Is Investing In These 5 Stocks

3. Apple Inc. (NASDAQ:AAPL)

Ancora Advisors’ Stake Value: $86.36 million
Percentage of Ancora Advisors’ 13F Portfolio: 2.25%
Number of Hedge Fund Holders: 138

Ancora Advisors, as of the second quarter, owns 630,546 shares in Apple Inc. (NASDAQ:AAPL), worth $86.36 million, representing 2.25% of the firm’s stock portfolio.

Of the 873 elite funds tracked by Insider Monkey, 138 were long Apple Inc. (NASDAQ:AAPL) at the end of June, up from 127 in the first quarter of 2021. Warren Buffett of Berkshire Hathaway is the leading stakeholder of the company.

On November 9, Arete analyst Richard Kramer raised the price target on Apple Inc. (NASDAQ:AAPL) to $180 from $168 and kept a Buy rating on the shares of the company.

ClearBridge Investments mentioned Apple Inc. (NASDAQ:AAPL) in its first-quarter 2021 investor letter. Here is what the firm has to say:

“As we actively manage holdings and position sizes, we look to regularly recycle capital into more compelling opportunities. Maintaining our valuation discipline, we sharply reduced our position in Apple, whose shares more than doubled following our initial purchase in mid-2019 with an earnings multiple rising from the low-to-mid teens to nearly 30x.”