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77% of growth funds studied in Bernstein's Dec. analysis of 800 mutual funds owned shares of...

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 review. 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)
Comments (8)
  • Tylerdurden7331
    , contributor
    Comments (66) | Send Message
     
    This!
    14 Jan 2013, 06:59 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Eventually, the point is reached where there's no one left to buy.
    14 Jan 2013, 07:07 PM Reply Like
  • krichard
    , contributor
    Comments (160) | Send Message
     
    Well that has to be a long way off with a company that has less than 1 billion shares. If you look, most large companies that are a fraction of Apples market cap have billions of shares outstanding. This is a non argument!
    14 Jan 2013, 07:53 PM Reply Like
  • 1509alpha
    , contributor
    Comments (36) | Send Message
     
    " No one left to buy". Why isn't this an issue with every other company?
    14 Jan 2013, 08:31 PM Reply Like
  • WilScheung
    , contributor
    Comments (21) | Send Message
     
    well that point has been reached yet.
    15 Jan 2013, 04:35 AM Reply Like
  • rrosey2
    , contributor
    Comments (693) | Send Message
     
    I buy every day. The lower the price, the better the deal.
    2.1% is better than my money earns in the bank, and there's no upside possibility in the bank.
    15 Jan 2013, 02:07 AM Reply Like
  • Maninder Batra
    , contributor
    Comments (572) | Send Message
     
    Apple is very overvalued...I expect it to fall in the coming 5 years...
    15 Jan 2013, 07:05 AM Reply Like
  • rrosey2
    , contributor
    Comments (693) | Send Message
     
    The more it falls, the better the deal.

     

    And dividends will increase percentage wise.
    15 Jan 2013, 06:28 PM Reply Like
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