20,634 Shares in Apple Inc. $AAPL Bought by White Knight Strategic Wealth Advisors LLC

Key Points

• White Knight Strategic Wealth Advisors bought 20,634 Apple shares worth approximately $5.97 million, making Apple its fifth-largest holding and representing 4.2% of its portfolio. Institutional investors collectively own 67.73% of Apple.
• Apple recently exceeded quarterly expectations, reporting $2.02 in EPS and $109.42 billion in revenue, with revenue up 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $340.14, although elevated valuation, rising component costs, AI competition, legal issues and product glitches remain key risks.

White Knight Strategic Wealth Advisors LLC acquired a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,634 shares of the iPhone maker's stock, valued at approximately $5,971,000. Apple accounts for about 4.2% of White Knight Strategic Wealth Advisors LLC's holdings, making the stock its 5th biggest position.

Other hedge funds also recently modified their holdings of the company. Longfellow Investment Management Co. LLC bought a new stake in Apple in the second quarter valued at $30,000. Lifetime Wealth Management P.C. bought a new position in shares of Apple during the 4th quarter worth about $41,000. Basso Capital Management L.P. acquired a new stake in shares of Apple in the 4th quarter valued at about $88,000. Bard Associates Inc. acquired a new stake in shares of Apple in the 4th quarter valued at about $109,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Apple in the 4th quarter valued at about $187,000. Institutional investors own 67.73% of the company's stock.

Apple Price Performance

AAPL stock opened at $341.07 on Friday. The company has a market capitalization of $4.98 trillion, a P/E ratio of 39.11, a price-to-earnings-growth ratio of 2.96 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $345.34. The business has a 50-day simple moving average of $321.56 and a two-hundred day simple moving average of $297.37.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 EPS. Research analysts expect that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple's dividend payout ratio is 12.39%.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone 18 demand remains encouraging. Long lines in India and strong interest in the iPhone 18 Pro and Pro Max suggest Apple’s premium pricing is holding up in an important growth market. Evercore ISI raised its price target to $380 from $365 while maintaining an outperform rating. Apple iPhone demand in India
• Positive Sentiment: Momentum and technical positioning remain supportive. AAPL has gained roughly 10% over the past month and is approaching a potential buy point, helping sustain investor interest. Bank of America and JPMorgan have reiterated bullish ratings, while several analysts maintain targets above the current trading range. Apple stock approaches buy point
• Neutral Sentiment: Apple is expanding its product ecosystem. The company plans a refreshed HomePod mini, while reports suggest it may develop its own AI server chips. These initiatives could support future ecosystem engagement and infrastructure efficiency, but they are not yet material earnings drivers. Apple to release new HomePod mini
• Negative Sentiment: Rising component costs could pressure margins. Bernstein warned that surging memory and other smartphone component costs may weigh on gross margins and earnings in the December quarter, particularly as Apple introduces more expensive iPhones. Apple’s expensive new iPhones and margins
• Negative Sentiment: Valuation and AI execution remain key risks. At nearly $5 trillion in market value and about 38–39 times earnings, Apple requires continued earnings growth to justify its valuation. Analysts argue Alphabet’s Gemini ecosystem and monetization progress currently give it an edge in consumer AI, while Meta’s AI devices add competitive pressure. Alphabet versus Apple in consumer AI
• Negative Sentiment: Legal and product issues add uncertainty. A judge certified a class of payment card issuers in an Apple Pay antitrust lawsuit alleging improper fees. Separately, Apple is preparing a software fix for an iPhone 18 Pro reboot problem. Apple Pay class-action lawsuit

Insider Buying and Selling

In related news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total value of $815,803.94. Following the completion of the sale, the senior vice president directly owned 44,391 shares of the company's stock, valued at approximately $15,095,603.46. This represents a 5.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 11,031 shares of company stock valued at $3,535,759. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

AAPL has been the topic of a number of research reports. Weiss Ratings downgraded Apple from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 18th. Evercore set a $380.00 price objective on Apple and gave the company an "outperform" rating in a research note on Friday, September 18th. Rosenblatt Securities restated a "neutral" rating and set a $303.00 price objective on shares of Apple in a report on Thursday, September 10th. Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a report on Friday. Finally, Rothschild & Co Redburn set a $400.00 target price on Apple and gave the stock a "buy" rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and an average price target of $340.14.

About Apple

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company's ecosystem of devices.

Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.

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