5 Splits: 48-Year-Old Multibagger Tech Giant Split 1 Share Into 224 Shares, All-Time Gains By 140,833%; BUY?


World's largest company in terms of valuation, Apple Inc has broadly been bearish in 2024. But in the longest run, this 48-year stock has multiplied investors' money and given multi-fold returns.

Apple's all-time gains are by 140,833.33% so far. After carrying five stock splits, Apple has so far split 1 equity share into 240 equity shares.

In total, since its listing, Apple has undergone five stock splits from, 1987 to 2020. And this is key to making maximum gains in this giant. Here's how!  

2:1 Stock split: The first stock split to be ever announced by Apple was of 2:1 which came into effect from June 16, 1987. Here, 1 Apple share price, is split into two as the face value halved, taking the total number of shares to 2.

2:1 Stock Split: The second stock split was also of 2:1 which came into effect from June 21, 2000. Here, now the 2 share price of Apple will double to 4 shares (2x2).

2:1 Stock Split: The third time as well, Apple carried a stock split of 2:1 which came into effect from February 28, 2005. Here, four equity shares of Apple were split into 8 shares.

7:1 Stock Split: 1 Apple share splitting into seven shares, was like the icing investors needed on their cake. Apple's fourth split of 7:1 came into effect on June 09, 2014. So 8 shares of Apple will split by 7 times, taking the total to 56 (8X7).

4:1 Stock Split: The last time Apple turned ex-split was on August 31, 2020, in the ratio of 4:1. So, 56 shares of Apple were multiplied by 4 times, taking the total to 224 equity shares in Apple (56x4).

Hence, apart from giving a stellar surge in the long term, 1 Apple shares have been split into 224 shares.

On March 6, Apple shares ended at $169.12, down by 0.6%. YTD, the stock is down by 9%. But in a year, the stock gained by 12%, and in 5 years, it emerged as a multibagger with upside of 291%. All-time gains of Apple is a whopping 140,833.33% from early March 1984.

As per TipRanks, based on 26 Wall Street analysts offering 12-month price targets for Apple in the last 3 months. The average price target is $205.07 with a high forecast of $250.00 and a low forecast of $158.00. The average price target represents a 20.54% change from the last price of $170.12.

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