Apple Target of Unusually High Options Trading (AAPL)
Apple Inc. (NASDAQ:AAPL) was the recipient of some unusual options trading on Thursday. Stock investors bought 386,155 put options on the stock. This represents an increase of approximately 354% compared to the average daily volume of 85,123 put options.
Apple (NASDAQ AAPL) opened at 148.98 on Friday. The stock has a market capitalization of $776.76 billion, a price-to-earnings ratio of 17.48 and a beta of 1.26. Apple has a 1-year low of $91.50 and a 1-year high of $156.65. The firm has a 50-day moving average of $151.05 and a 200-day moving average of $134.13.
Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.08. The firm had revenue of $52.90 billion for the quarter, compared to analyst estimates of $52.61 billion. Apple had a net margin of 20.85% and a return on equity of 33.20%. Equities research analysts anticipate that Apple will post $8.94 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Monday, May 15th were paid a dividend of $0.63 per share. The ex-dividend date was Thursday, May 11th. This represents a $2.52 dividend on an annualized basis and a yield of 1.69%. This is an increase from Apple’s previous quarterly dividend of $0.57. Apple’s dividend payout ratio (DPR) is currently 27.31%.
In other news, insider Philip W. Schiller sold 47,796 shares of the stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $143.32, for a total transaction of $6,850,122.72. Following the completion of the sale, the insider now owns 94,010 shares in the company, valued at approximately $13,473,513.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Luca Maestri sold 4,757 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $154.70, for a total value of $735,907.90. Following the sale, the insider now owns 3,414 shares of the company’s stock, valued at approximately $528,145.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 447,411 shares of company stock valued at $67,200,745. Company insiders own 0.08% of the company’s stock.
A number of institutional investors have recently bought and sold shares of AAPL. Stanford Investment Group Inc. increased its position in Apple by 25.9% in the fourth quarter. Stanford Investment Group Inc. now owns 98,014 shares of the iPhone maker’s stock worth $11,352,000 after buying an additional 20,176 shares in the last quarter. Fairview Capital Investment Management LLC increased its position in Apple by 2.7% in the fourth quarter. Fairview Capital Investment Management LLC now owns 13,481 shares of the iPhone maker’s stock worth $1,561,000 after buying an additional 350 shares in the last quarter. Norges Bank bought a new position in Apple during the fourth quarter worth $5,625,709,000. IFM Investors Pty Ltd bought a new position in Apple during the fourth quarter worth $7,910,000. Finally, Perigon Wealth Management LLC increased its position in Apple by 5.9% in the fourth quarter. Perigon Wealth Management LLC now owns 147,469 shares of the iPhone maker’s stock worth $20,613,000 after buying an additional 8,233 shares in the last quarter. 58.76% of the stock is currently owned by institutional investors.
Several brokerages have recently commented on AAPL. Keefe, Bruyette & Woods set a $170.00 price objective on Apple and gave the company a “buy” rating in a report on Monday, May 22nd. Stifel Nicolaus restated a “hold” rating and issued a $130.00 target price on shares of Apple in a research note on Friday, March 3rd. Oppenheimer Holdings Inc. restated a “” rating on shares of Apple in a research note on Wednesday, February 22nd. Deutsche Bank AG set a $125.00 target price on Apple and gave the stock a “neutral” rating in a research note on Tuesday, February 21st. Finally, Barclays PLC set a $123.00 target price on Apple and gave the stock a “neutral” rating in a research note on Wednesday, May 3rd. Eight investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $160.28.
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Apple Inc (Apple) 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. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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