Apple Inc (NASDAQ:AAPL), currently valued at $2.68 trillion, experienced a 1.75% rise in stock value on Tuesday, following a 6.73% decrease over the past week. The tech giant has seen a three-month return of 2.05%, despite a decrease in institutional ownership from last year's 51.07% to the current 37.05%. Insider ownership, however, has remained steady at around 0.11%.
Key shareholders include Warren Buffett, who holds 5.86% of shares, Ken Fisher with a 0.34% stake, and Tom Gayner owning 0.01%. Over the past three years, Apple's Ebitda growth has averaged at an impressive 20.9% per year, outperforming 65.95% of companies within the hardware industry.
Contrary to its historical performance, Apple's estimated future earnings growth is projected to remain flat at 0%, marking a stark contrast to the previous three-year growth rate of 23.2%. This projection comes as the company continues to navigate market dynamics and potential shifts in consumer behavior and technology trends.
InvestingPro Insights
Drawing from InvestingPro's real-time metrics and tips, a deeper look into Apple Inc.'s financial health and market performance is warranted. As per InvestingPro data, Apple Inc. boasts a market capitalization of $2.83 trillion, with a P/E ratio of 29.59. In the last twelve months as of Q4 2023, the company reported revenues of $383.29 billion, albeit with a slight decline of 2.8%.
InvestingPro Tips highlight that Apple operates with high earnings quality, with free cash flow exceeding net income. This, coupled with a high return on invested capital, indicates a robust financial position. The tech giant has also been consistent in rewarding its shareholders, having raised its dividend for 12 consecutive years.
On the flip side, it's worth noting that 11 analysts have revised their earnings downwards for the upcoming period, which could be linked to the projected flat growth in future earnings. Despite this, Apple remains a prominent player in the Technology Hardware, Storage & Peripherals industry.
For more insights, consider exploring the additional 14 InvestingPro Tips and real-time metrics available through the InvestingPro platform.
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