Investors Buy Large Volume of Apple Call Options (AAPL)
Apple (NASDAQ:AAPL) saw some unusual options trading on Tuesday. Traders acquired 498,475 call options on the company, AnalystRatingsNetwork reports. This is an increase of approximately 137% compared to the typical daily volume of 210,668 call options.
In other Apple news, SVP Jeffrey E. Williams sold 1,843 shares of the company’s stock on the open market in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $501.09, for a total transaction of $923,508.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on AAPL shares. Analysts at Stifel Nicolaus raised their price target on shares of Apple from $540.00 to $600.00 in a research note to investors on Tuesday. Separately, analysts at Scotiabank raised their price target on shares of Apple from $500.00 to $565.00 in a research note to investors on Tuesday. Finally, analysts at RBC Capital raised their price target on shares of Apple from $550.00 to $590.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $578.28.
Shares of Apple (NASDAQ:AAPL) opened at 516.678 on Wednesday. Apple has a 1-year low of $385.10 and a 1-year high of $705.07. The stock has a 50-day moving average of $481.3 and a 200-day moving average of $444.. The company has a market cap of $469.4 billion and a P/E ratio of 13.21.
Apple (NASDAQ:AAPL) last released its earnings data on Monday, October 28th. The company reported $8.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.86 by $0.40. The company had revenue of $37.50 billion for the quarter, compared to the consensus estimate of $36.84 billion. During the same quarter in the previous year, the company posted $8.67 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts expect that Apple will post $43.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, November 14th. Shareholders of record on Monday, November 11th will be paid a dividend of $3.05 per share. This represents a $12.20 annualized dividend and a dividend yield of 2.36%.
Apple Inc (NASDAQ:AAPL) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications.
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