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On June 2, 2023, Morgan Stanley maintained an Overweight recommendation for Apple Inc. (NASDAQ:AAPL), projecting a one-year price target of $183.88, which indicates a potential upside of 2.10% from its recent closing price of $180.09. The company’s projected annual revenue is $413.64 billion, reflecting a 7.41% increase.
As of June 1, 2023, 6,385 funds are reporting positions in Apple, with an average portfolio weight of 3.79% dedicated to AAPL, up 19.78%. Notably, institutional ownership saw a slight decline of 2.47%, totaling approximately 9.91 billion shares.
Major shareholders include Berkshire Hathaway, which holds 915.56 million shares (5.82% ownership), and increased its allocation by 2.23%. Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund also raised their holdings by 1.27% and 0.39%, respectively.
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