Apple purchases – about 1.2 billion dollars, owns shares amounting to 6.5 billion dollars
Clappers bought 8 million Apple shares during the fourth quarter, which is about $1.2 billion. Last year Apple’s stock fell by 27%, and since the beginning of the year it has jumped by 16%. Clappers now owns 43 million shares of Apple worth about $6.5 billion.
Apple missed analysts’ forecasts last quarter when it reported earnings per share of $1.88 on revenue of $117 billion, while analysts were expecting adjusted earnings of $1.94 per share on revenue of $121 billion. In fact, Apple recorded a decrease in revenue for the first time since 2019 (more on the reports) – but despite the bad reports (and after falling 5% in the aftermarket that day) the stock actually rose after the analyst call, in which CEO Tim Cook said that sales in the quarter were affected by the weakening the dollar and if not for this damage, sales would have been higher compared to the previous year. CFO Luca Maestri added a forecast that revenue growth in the coming quarter (March 2023) would be similar to that of December 2022 in constant currency terms but also added that foreign exchange differences would hurt revenues, but In his estimation, less than in the quarter that ended – the market liked the forecast and sent the stock higher (for more on the investor conversation).
Tesla purchases – in the amount of 130-135 million dollars, owns shares worth about 1.2 billion dollars
And back to Keplers – she purchased another 675.7 thousand additional shares of Tesla for about 130-135 million dollars and as of the end of the year she owns 6.4 million shares worth about 1.2 billion dollars. The Tesla share has indeed increased since the beginning of the year by 60% after losing 65% of its value last year (in December alone it lost 44%). Assuming that not all of Tesla’s purchases were made on the last day of 2022, the fund actually purchased at prices similar to today’s prices and in the meantime did not benefit from the spike in Tesla’s price.
Tesla stock fell last year after it lowered the prices of electric vehicles around the world, but the fall started much earlier – when Elon Musk decided to sell more and more Tesla shares to finance the acquisition of Twitter (or just take advantage of the high price at the end of 2021 so that he also has cash And not just Tesla shares and wealth on paper). Musk’s heavy involvement with Twitter caused investors in the company to fear that his time would be spent less and less on Tesla and more on Twitter – and sent the stock down. In any case, in January Tesla lowered prices again, but in February it already raised prices for its Model Y.
Tesla reported good results for the fourth quarter, with revenues of $24.32 billion, above analysts’ expectations of $24.16 billion. Tesla reported an adjusted profit of $1.19 per share while the expectation was for an adjusted profit of $1.13 per share (for more on the reports).
Disney – purchases in the amount of 133 million dollars, holds shares in the amount of 525 million dollars
Keplers purchased another 1.4 million additional shares of Disney in the fourth quarter in the amount of 133 million dollars, and increased to the holding of 5.5 million shares, with a monetary amount of 525 million dollars. Disney shares plunged last year by 45%, but since the beginning of the year it is up 25%.
Disney reported good results with a smaller-than-expected decline in the number of paid subscribers to its Disney+ streaming service. The company also announced that it would lay off 7,000 workers. In November, Bob Iger returned to his position as CEO of Disney, replacing the person who replaced him in the position – Bob Chapek, after a year in total. The company brought in $23.51 billion in the last quarter, above analysts’ expectations of $23.37 billion in revenue. The company recorded Adjusted earnings of 99 cents – higher than analysts’ expectations of 78 cents per share. Domestic channel revenue in the quarter fell 1% to $6.1 billion, and operating income increased 5% to $928 million. Total Disney+ subscribers totaled -161.8 million, as mentioned lower than the expected 164 million subscribers (for more on the reports).
The fund sold shares of Walmart to the extent of 266 million dollars, and decreased to a holding worth about 1 billion dollars
Clappers sold 1.9 million Walmart shares worth about $260-270 million and decreased to 7.2 million shares worth about $1 billion. Walmart’s stock crashed in May after the reports and lost 25% of its value, but since then the stock has recovered and erased almost all the declines. On an annual basis, last year the stock fell by only 2%, while since the beginning of the year it rose slightly by 1.4%.
Last month, Walmart raised the base wage for hourly workers to $14 to $19 an hour, up from $12 previously, due to the shortage of workers. Walmart is struggling with inflation but still expects to open 30 new stores.
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