Low-Risk Retirement Portfolio: Top 5 Stocks

1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 131

Apple Inc. (NASDAQ:AAPL) is one of the best companies for a retirement portfolio, as the stock has generated stable returns over the years, gaining 318.9% in the past five years. The technology company has also been a strong dividend payer, growing its dividends consistently for the past 9 years. It pays a quarterly dividend of $0.23 per share, with a dividend yield of 0.56%, as of August 9.

In fiscal Q3 2022, Apple Inc. (NASDAQ:AAPL) posted a GAAP EPS of $1.20, which beat estimates by $0.05. The company’s product revenue stood at $63.3 billion and its accessories revenue came in at $8.08 billion. Overall, it generated revenue of $82.9 billion during the quarter, up 2% from the same period last year.

In July, Morgan Stanley raised its price target on Apple Inc. (NASDAQ:AAPL) to $180 with an Overweight rating on the shares, as the company reported better-than-expected Q2 results.

At the end of Q1 2022, 131 hedge funds in Insider Monkey’s database owned stakes in Apple Inc. (NASDAQ:AAPL), down from 134 a quarter earlier. The total value of these stakes is over $182 billion.

Wedgewood Partners mentioned Apple Inc. (NASDAQ:AAPL) in its recently-published Q2 2022 investor letter. Here is what the firm has to say:

“Apple grew revenues +9%, driven by +17% growth in the Services segment. While iPhone revenues grew a modest +5%, it was on an exceptional year ago comparison of +66%. iPhone continues to capture most industry smartphone profits by focusing on high-end price tiers. Apple is taking nearly two-thirds of the revenue share in the premium ($400 and above) smartphone segment. Further, most of the growth was driven by expansion in the “ultra-premium” price tier of $1000 or more per unit.^[1] As we have highlighted in the past, Apple’s relentless focus on the development and integration between hardware (especially integrated circuits) and 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 High-Yield Dividend Champions to Buy in August and 10 High Free Cash Flow Dividend Stocks

Follow Insider Monkey on Twitter