Public Event Detail
Apple Inc. $AAPL is Burney Co.'s 2nd Largest Position
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Event summary
Burney Co. increased its stake in Apple Inc. (AAPL) by 2.1% in Q4, making it their second-largest holding, valued at $120.247 million. This comes after Apple reported strong Q2 earnings, beating expectations, expanding capital returns with a $100 billion share buyback and dividend increase, and noting robust demand for iPhones and in greater China. Despite a worsening memory-chip shortage, analysts have raised price targets, and the company is considering a large AI acquisition, though some caution remains about the sustainability of its performance.