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Apple is our Number One Holding: Donald Pearson

“Apple (Nasdaq: AAPL) is our number one holding and every client has it within their portfolio,” says Donald Pearson, President of Pearson Capital Inc., a money management firm with over 50 years of investment experience. “If a client’s account is too small to hold individual stocks, we purchase many ETFs that have it as a primary holding.

Good examples of this are iShares Core S&P U.S. Growth ETF (Nasdaq: IUSG) and Vanguard Growth Index Fund ETF (NYSE Arca: VUG) both have a very large part of their holding in Apple. Another ETF that was featured in last month’s Pearson Investment Letter, Technology Select SPDR Fund (XLK) has a large portion of their holdings with Apple too.

Apple’s upper management is touting the iPhone 12 and the iPhone 12 Pro as the first phone to run on next-generation cellular networks. The three major carriers are telling us we shouldn’t expect to see any significant changes until late into 2021. So I will do as so many will, continue to read and listen and try to learn more before reaching any decision as to upgrading my cell phone.

More importantly, as a manager of your account, I will continue to maintain Apple as a very large part of it. For those who have been with us for quite some time we enjoyed a 7 for 1 stock split back in 2014.

Recently we had another stock split of 4 for 1. This simply means if you had 100 shares before the stock split you now have 400. As the stock price is adjusted accordingly, it provides an opportunity for many new investors to get in as the price is considerably lower.

Although this year has had many problems and issues for all of us, their stock performance year to date is up approximately 50%. Most analysts following the stock price are continuing to raise their future price guidance based upon all their products, including their future iPhone sales.

As new clients come on board with us, this will be the first stock added to their new portfolio so we can all continue to prosper together.

Here is an overview of Apple Inc:

Apple Inc. designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players. The Company sells a range of related software, services, accessories, networking solutions, and third-party digital content and applications.

The Company’s segments include the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment includes European countries, India, the Middle East and Africa. The Greater China segment includes China, Hong Kong and Taiwan. The Rest of Asia Pacific segment includes Australia and the Asian countries not included in the Company’s other operating segments.

Its products and services include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings.

Institutional Holdings: 60%.

TipRanks Analysis: Based on 30 analysts offering 12-month price targets for Apple in the last 3 months. 23 analysts rate AAPL a “Buy” and 6 a “Hold and one a “Sell.” The average target price is $129.22 with a high forecast of $150.00 and a low forecast of $75.00.

Editor’s Note: The Pearson Investment Letter is complimentary to clients with managed accounts or can be ordered annually, 8 issues, for $99.00. Pearson Capital, Inc. works individually with clients to design fully diversified and customized investment portfolios while seeking attractive, long-term returns. The firm’s portfolio management approach is similar to Warren Buffett’s, Peter Lynch’s, and John Templeton’s investment philosophy. To learn more about the services that Pearson Capital, Inc offer Click Here.

TipRanks.com is the most comprehensive dataset of analysts, hedge fund managers, financial bloggers, and corporate insiders. TipRanks allows private investors and day traders to see the measured performance of anyone who provides financial advice.

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