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Stock Traders Buy High Volume of Call Options on Apple (NASDAQ:AAPL)

12 August 2017

Apple (NASDAQ:AAPL) opened at 155.32 on Wednesday. Apple comprises about 1.0% of HighVista Strategies LLC's portfolio, making the stock its 23rd largest position.

Several hedge funds and other institutional investors have recently modified their holdings of the company.

Secor Capital Advisors Lp increased Vanda Pharmaceuticals Inc (NASDAQ:VNDA) stake by 47,586 shares to 116,155 valued at $1.85M in 2016Q4. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker's stock valued at $95,840,000 after buying an additional 4,137 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Apple by 2.7% in the first quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker's stock valued at $115,000 after buying an additional 174 shares during the last quarter. This quarter, Apple sold almost 41 million iPhones, 4.29 million Mac and 11.42 million iPad units during the quarter. iPad unit sales were increased by 28 % compared to the previous quarter and 15 percent year-over-year. Caldwell & Orkin Inc. now owns 4,800 shares of the iPhone maker's stock valued at $691,000 after buying an additional 700 shares during the period. Cordasco Financial Network boosted its position in Apple by 1.0% in the first quarter. Moreover, Empire Capital Management L.L.C. has 3.38% invested in the company for 392,000 shares. Finally, Flinton Capital Management LLC purchased a new stake in shares of Apple during the fourth quarter worth approximately $169,077,000. Dorsey & Whitney Trust CO LLC now owns 36,257 shares of the iPhone maker's stock worth $5,224,000 after buying an additional 1,492 shares during the period. Armstrong Henry H Associates Incorporated invested in 19,915 shares or 0.48% of the stock.

Macy's, Inc. (NYSE:M) share price decreased in the last trading session with a previous 52-week high of $45.41. This trading sentiment put the stock on Active spotlight. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 1.67%, whereas SMA50 and SMA200 are 3.93% and 15.21% respectively. RBC Capital Markets maintained Apple Inc. Apple also was the recipient of some unusual options trading on Tuesday. This represents an increase of 119% compared to the typical daily volume of 63,733 put options. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since August 10, 2016 and is uptrending. The company had revenue of $45.41 billion during the quarter, compared to analyst estimates of $44.94 billion. Currently, Macy's, profit margin for the 12 months is at 2.23%.

Tim Cook, Apple's CEO said "With revenue up 7 percent year-over-year, we're happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue". During the same quarter in the prior year, the company earned $1.42 EPS.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th.

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Presently Macy's, Inc. (NYSE:M) stock have an ABR of 2.45. The ex-dividend date will be Thursday May 11th, 2017. Fmr Llc sold 284,900 shares as Proofpoint Inc (PFPT)'s stock rose 0.42%. This repurchase authorization authorizes the iPhone maker to buy up to 6.5% of its shares through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

TRADEMARK VIOLATION WARNING: "Fruth Investment Management Maintains Position in Apple Inc". If you are accessing this report on another site, it was stolen and reposted in violation of U.S. and global trademark & copyright law. Meridian Wealth Management LLC bought a new stake in Apple during the fourth quarter worth about $1,504,000. UBS Group AG restated a "buy" rating and set a $151.00 target price on shares of Apple in a research report on Monday, April 24th. Keefe, Bruyette & Woods set a $170.00 target price on shares of Apple and gave the company a "buy" rating in a report on Monday, May 22nd.

Rosenblatt Securities reaffirmed their neutral rating on shares of Apple Inc. S&P Research maintained it with "Hold" rating and $150 target in Tuesday, July 21 report. Thirteen analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. On Monday, June 26 the stock rating was maintained by RBC Capital Markets with "Buy". The insider Riccio Daniel J. sold $1.86 million. Srouji Johny had sold 10,019 shares worth $1.54 million on Thursday, May 25. Following the transaction, the director now directly owns 1,168,283 shares of the company's stock, valued at $184,098,035.14. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

In other news, SVP D Bruce Sewell sold 31,625 shares of the company's stock in a transaction on Monday, August 7th. The stock was sold at an average price of $153.62, for a total value of $9,908,490.00. Following the completion of the transaction, the insider now owns 154,116 shares in the company, valued at approximately $22,806,085.68. The disclosure for this sale can be found here. The Zeke Capital Advisors Llc holds 42,193 shares with $4.89 million value, up from 13,279 last quarter.

Shares of Apple Inc. The Business's products and services include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings.

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Stock Traders Buy High Volume of Call Options on Apple (NASDAQ:AAPL)