Apple Target of Unusually High Options Trading (AAPL)
Apple (NASDAQ:AAPL) saw unusually large options trading on Tuesday. Stock investors bought 274,777 put options on the stock, American Banking News reports. This represents an increase of 115% compared to the average daily volume of 127,845 put options.
A number of research firms have recently commented on AAPL. Analysts at Hilliard Lyons downgraded shares of Apple to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at Nomura raised their price target on shares of Apple from $519.00 to $545.00 in a research note to investors on Tuesday. Finally, analysts at Janney Montgomery Scott cut their price target on shares of Apple from $600.00 to $560.00 in a research note to investors on Tuesday. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Apple currently has an average rating of “Buy” and a consensus price target of $600.60.
Shares of Apple (NASDAQ:AAPL) traded down 7.99% on Tuesday, hitting $506.50. The stock had a trading volume of 38,119,084 shares. Apple has a one year low of $385.10 and a one year high of $575.14. The stock’s 50-day moving average is $550.3 and its 200-day moving average is $507.8. The company has a market cap of $455.7 billion and a P/E ratio of 13.85.
Apple (NASDAQ:AAPL) last released its earnings data on Monday, January 27th. The company reported $14.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $14.05 by $0.45. The company had revenue of $57.59 billion for the quarter, compared to the consensus estimate of $57.46 billion. During the same quarter in the previous year, the company posted $13.81 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts predict that Apple will post $43.81 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, February 13th. Shareholders of record on Monday, February 10th will be given a dividend of 3.05 per share. This represents a $12.20 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, February 6th.
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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