Apple's shareholding is comprised of various stakeholders, including institutional investors, individual investors, and the company's insiders. The largest shareholders of Apple include The Vanguard Group, Inc., BlackRock, Inc., and State Street Corporation.
Vanguard Group, Inc. holds approximately 7.7% of Apple's outstanding shares, making it the largest shareholder. BlackRock, Inc. is another major shareholder, holding around 6.5% of the company's shares. State Street Corporation also holds a significant stake, with around 4.3% of Apple's outstanding shares.
The company's insiders, including CEO Tim Cook and CFO Luca Maestri, also hold significant stakes in Apple.
Board and Management
Apple's Board and Management play a crucial role in the company's decision-making process. The Board of Directors as of October 2019 consisted of seven members.
Arthur D. Levinson has been Chairman of the Apple board since 2011. He has served on all three board committees: audit & finance, nominating & corporate governance, and compensation. He joined Apple in 2000.
Tim Cook serves as Executive Director and CEO of Apple. He is a key figure in the company's leadership.
The non-executive directors on the board include James A. Bell, Al Gore, Andrea Jung, Ronald Sugar, and Susan Wagner. They bring diverse perspectives to the table.
As of December 2020, Arthur Levinson owns 4,592,140 shares, making him one of Apple's top shareholders.
Shareholding Structure
Apple's capital structure is a strong foundation on which the company is built. It's a measure of how much equity or debt Apple uses to finance its operations.
Apple is one of the most successful business models of the 21st century, pioneering not only technology innovations but also its finance model.
The company's capital structure is unique and a key factor in its success. Apple is known for its ability to balance equity and debt to achieve its financial goals.
To understand Apple's shareholding structure, let's take a look at its largest shareholders. They play a significant role in the company's decision-making process.
Apple's largest shareholders are a diverse group of individuals and institutions, each with their own stake in the company.
Largest Shareholders
Apple's largest shareholders are a significant group of investors who collectively hold a substantial stake in the company. Vanguard is the largest shareholder, owning 8.1% of Apple's shares, followed by BlackRock with 6.5% and Berkshire Hathaway with 5.8%.
Vanguard's stake in Apple is valued at $166.1 billion, making it a substantial investment in the company. BlackRock's stake is worth $133.7 billion, while Berkshire Hathaway's stake is valued at $119.0 billion.
These large shareholders are not individual investors, but rather asset managers who invest other people's money. Vanguard, for example, is one of the largest asset managers in the world, managing trillions of dollars in assets.
Here's a breakdown of Apple's largest shareholders:
These large shareholders have significant influence over Apple's direction and decision-making process, particularly Vanguard and BlackRock, which are among the largest asset managers in the world.
Employee Ownership
Apple has taken a unique approach to employee ownership by extending stock grants to all employees, not just high-ranking executives. This change was made by Tim Cook in 2015.
This move was a departure from the practices of Apple's contemporaries, such as Google and Facebook, which only offered stocks to top management. Apple's decision to include retail and AppleCare workers in the stock grant program was a bold move that set them apart from other companies.
As a result, Apple employees now have a tangible stake in the company's success, which can motivate them to work harder and be more invested in the company's mission. This can lead to a more engaged and productive workforce.
Ownership Breakdown
Apple's ownership is quite diverse, with a significant presence of foreign investors. Vanguard holds 1,278 million shares, or 8.1% of Apple's outstanding shares.
Vanguard also has a substantial number of votes, with 1,278 million votes, accounting for 8.1% of Apple's total votes. BlackRock and Berkshire Hathaway also hold notable shares, with 1,029 million and 916 million shares, respectively.
Here's a breakdown of the top shareholders:
As for the geographical origin of shareholders, the United States holds the largest share, with 46.76% of Apple's shares.
Geographical Origin of
The geographical origin of shareholders is a fascinating aspect of ownership breakdown. The majority of shareholders, 46.76% to be exact, are from the United States.
Interestingly, the United Kingdom is the second-largest contributor to the company's ownership, accounting for 6.92% of shareholders. This suggests a significant presence of international investors.
Canada and Norway also have a notable share of 1.54% and 1.27% respectively. It's worth noting that these countries have a smaller but still significant presence in the company's ownership.
The remaining countries, including France, Japan, Australia, and others, contribute a smaller percentage to the overall ownership. For instance, France accounts for 0.76% of shareholders.
Here's a breakdown of the top 5 countries by percentage of shareholders:
It's worth noting that the percentages add up to 100%, indicating that these countries represent the majority of shareholders.
Breakdown of Outstanding Shares and Votes
Let's take a closer look at the breakdown of outstanding shares and votes at Apple Inc. As of December 2022, Apple had a total of 15,842 million outstanding shares.
Vanguard holds 1,278 million shares, which translates to 8.1% of the total outstanding shares. BlackRock also holds a significant stake, with 1,029 million shares, accounting for 6.5% of the total.
Berkshire Hathaway, another notable shareholder, owns 916 million shares, which represents 5.8% of the total outstanding shares. The remaining 79.7% of the shares are held by other shareholders.
Here's a breakdown of the top shareholders:
The same shareholders also control the votes at Apple Inc. The total number of votes distributed among shareholders is 15,842 million, with Vanguard holding 1,278 million votes, BlackRock holding 1,029 million votes, and Berkshire Hathaway holding 916 million votes.
Capital Structure
Apple's capital structure is a remarkable aspect of the company's success. It's a blend of equity and debt that has enabled the company to grow and innovate.
Apple's total stockholder equity was $96.5 billion as of June 2019. This is a significant indicator of the company's financial health.
The company has close to 4.57 billion shares outstanding, which gives an idea of the scale of its equity. This number is substantial, to say the least.
Apple's debt capitalization is another crucial aspect of its capital structure. As of June 2019, the company's current liabilities were $89.7 billion.
This includes $29.1 billion in accounts payable and $13.5 billion in short-term notes and bonds. Additionally, the company had $136 billion in long-term debt and other non-current liabilities.
The total liabilities of Apple were $225.8 billion, which is an increase of nearly 63% over the last three years. This growth in debt is a significant factor in the company's capital structure.
The debt to equity ratio is a measure that helps determine the extent of ownership in the company versus the amount of money it owes to creditors. Apple's debt to equity ratio has grown steadily over the years, reaching 112% as of 2019.
Sources
- https://eqvista.com/apple-inc-top-shareholders-and-capital-structure/
- https://www.kamilfranek.com/who-owns-apple-largest-shareholders/
- https://www.marketscreener.com/quote/stock/APPLE-INC-4849/company/
- https://stockzoa.com/ticker/aapl/
- https://www.marketscreener.com/quote/stock/APPLE-INC-4849/company-shareholders/
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