Monday, January 14, 2013

AAPL: 77% of growth funds studied in Bernstein's...

6:49 PM 77% of growth funds studied in Bernstein's Dec. analysis of 800 mutual funds owned shares of Apple (AAPL -3.6%), down from 82% in a Dec. 2011. Moreover, their average position relative to Apple's Russell 1000 weight had fallen markedly. However, Apple's penetration of value funds rose to 40% from 29% over this time, though its average weight remains only 0.4x that of its S&P 500 weight. Bernstein's conclusion: Apple needs to reel in more value investors by hiking its dividend - the current yield is 2.1%. (order cut reports: I, II) (previous) Read comments

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