Law360 (March 12, 2019, 11:31 PM EDT) — A California federal judge on Tuesday nixed a whistleblower’s suit accusing Apple of bringing two trainers from India into the country using B-1 visas instead of the more expensive and necessary…
By Ryan Davis
Law360 (March 12, 2019, 5:47 PM EDT) — Apple Inc. and Qualcomm Inc. took dueling positions Tuesday on whether the jury in their upcoming multibillion-dollar antitrust trial should render advisory opinions on some issues, with Apple saying it will…
Boeing (BA) hasn’t been the only blue chip making headlines this week, with Apple Inc. (NASDAQ:AAPL) active in the news cycle, as well. In addition to yesterday’s big “buy” rating, the iPhone said it will host a special event on Monday, March 25, with rumors swirling of potential updates to its original video content and news subscription services. And with AAPL stock boasting a 4.8% week-to-date lead — last seen up 1.6% at $181.71– options bulls have been busy.
On Monday, for instance, roughly 386,000 calls crossed the tape, compared to 171,000 puts. The March 180 and 182.50 calls saw the largest increases in open interest overnight, with 23,603 contracts collectively added, and buy-to-open activity detected at each front-month strike. If this is the case, call buyers expect AAPL stock to extend this week’s positive momentum through the close this Friday, March 15.
Calls are the options of choice in today’s trading today, with around 175,000 contracts exchanged so far — three times what’s typically seen at this point. By comparison, around 70,000 puts have traded. The March 182.50 calls are active once again, as are the March 185 calls, and it looks like some traders are purchasing new positions here.
This week’s activity in Apple’s options pits just echoes the broader trend. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity’s 10-day put/call volume ratio of 1.90 ranks in the 76th annual percentile.
Meanwhile, short-term AAPL options are pricing in relatively low volatility expectations at the moment, per the stock’s Schaeffer’s Volatility Index (SVI) of 22%, which ranks in the 19th percentile of its 12-month range. Plus, the security’s Schaeffer’s Volatility Scorecard (SVS) of 98 (out of a possible 100) indicates Apple has tended to make outsized moves over the past year, compared to what the options market had priced in.
Looking closer at the charts, the FAANG stock has been climbing higher since skimming a 21-month low of $142 on Jan. 2. The shares have only logged two negative weekly finishes so far in 2019, and are currently pacing for their highest daily close since Dec. 3. Just overhead looms the $184-$186 region, though, home to Apple’s 120-day moving average and pre-bear gap levels from mid-November.
United American Securities Inc increased its stake in Apple Inc Com (AAPL) by 16.33% based on its latest 2018Q4 regulatory filing with the SEC. United American Securities Inc bought 13,113 shares as the company’s stock declined 2.81% while stock markets rallied. The institutional investor held 93,436 shares of the computer manufacturing company at the end of 2018Q4, valued at $14.74 million, up from 80,323 at the end of the previous reported quarter. United American Securities Inc who had been investing in Apple Inc Com for a number of months, seems to be bullish on the $843.56 billion market cap company. The stock increased 3.46% or $5.99 during the last trading session, reaching $178.9. About 51,028 shares traded. Apple Inc. (NASDAQ:AAPL) has risen 0.49% since March 12, 2018 and is uptrending. It has underperformed by 3.88% the S&P500. Some Historical AAPL News: 25/05/2018 – Apple has blocked the plans of the biggest distributor of PC-based video games to extend its reach into iPhones; 03/05/2018 – Apple supplier Skyworks’ revenue rises 7.2 pct; 21/05/2018 – WETM-TV: Police said many people have reported phone calls from people posing as representative from NYSEG and Apple; 23/04/2018 – iPhone Blog: AT&T, Verizon investigated for eSIM antitrust after complaint by Apple; 16/04/2018 – Apple’s Not-Hot HomePod Sounds a Familiar Tune: Fully Charged; 01/05/2018 – Apple CFO Says $999 IPhone X Isn’t Priced Too High; 27/03/2018 – APPLE INC AAPL.O CEO TIM COOK TAKES STAGE AT CHICAGO EVENT FOCUSED ON EDUCATION, IPAD; 01/05/2018 – BREAKING: Apple announces $100B buyback program, hikes dividend by 16%; 28/03/2018 – APPLE INC AAPL.O : RBC SAYS LOWERING IPHONE UNIT AND ASP EXPECTATIONS SLIGHTLY FOR MARCH-QTR AND BEYOND; 28/03/2018 – Apple CEO Tim Cook: If FBI iPhone case happened again ‘they would fight again’
Moller Financial Services increased its stake in 3M Co (MMM) by 148.75% based on its latest 2018Q4 regulatory filing with the SEC. Moller Financial Services bought 2,679 shares as the company’s stock rose 1.23% with the market. The institutional investor held 4,480 shares of the medical and dental instruments company at the end of 2018Q4, valued at $861,000, up from 1,801 at the end of the previous reported quarter. Moller Financial Services who had been investing in 3M Co for a number of months, seems to be bullish on the $119.25B market cap company. The stock increased 3.09% or $6.21 during the last trading session, reaching $207.1. About 2.39 million shares traded or 0.26% up from the average. 3M Company (NYSE:MMM) has declined 10.58% since March 12, 2018 and is downtrending. It has underperformed by 14.95% the S&P500. Some Historical MMM News: 06/03/2018 – Global Study from 3M Reveals – Science is Underappreciated; 04/04/2018 – 3M CO – KRISTEN LUDGATE IS APPOINTED SENIOR VICE PRESIDENT, HUMAN RESOURCES, EFFECTIVE JULY 1, 2018; 05/03/2018 – 3M: Roman Has Served as Oper Chief, Executive Vice Pres Since July; 27/03/2018 – Australia 3M Interbank Yield at 1.83% by End-1Q18 (Survey); 24/04/2018 – 3M Had Seen 2018 Organic Local-Currency Sales Growth 3%-5%; 04/04/2018 – C3 IOT ANNOUNCED MULTI-YEAR AGREEMENT WITH 3M TO PROVIDE C3 IOT Al AND IOT SOFTWARE PLATFORM TO SUPPORT 3M’S DIGITAL TRANSFORMATION; 03/04/2018 – Consum Prod Sfty: Scotch Thermal Laminators Recalled by 3M Due to Burn Hazard; 05/03/2018 – 3M appoints Michael Roman CEO; Inge Thulin will become chairman of board; 05/03/2018 – 3M CO – INGE THULIN APPOINTED 3M EXECUTIVE CHAIRMAN OF BOARD; 24/04/2018 – 3M CO – QTRLY ORGANIC LOCAL-CURRENCY SALES GROWTH OF 2.8 PERCENT
Investors sentiment increased to 0.97 in Q4 2018. Its up 0.30, from 0.67 in 2018Q3. It improved, as 82 investors sold AAPL shares while 860 reduced holdings. 159 funds opened positions while 756 raised stakes. 2.83 billion shares or 5.50% more from 2.68 billion shares in 2018Q3 were reported. Marsico Cap Mgmt Limited Liability Corporation holds 599,829 shares or 3.99% of its portfolio. Homrich & Berg accumulated 93,782 shares. Florida-based Gruss Co has invested 7.39% in Apple Inc. (NASDAQ:AAPL). Advisory Net Ltd Liability Corporation owns 117,444 shares for 1.62% of their portfolio. Matthew 25 Mngmt Corp invested 8.68% in Apple Inc. (NASDAQ:AAPL). Paloma Prns invested in 318,887 shares or 1.54% of the stock. Tower Bridge has invested 0% in Apple Inc. (NASDAQ:AAPL). Dt Investment Limited Liability Com invested in 0.04% or 1,713 shares. Bw Gestao De Investimentos Ltda holds 7.29% or 118,980 shares. Somerset has invested 2.36% of its portfolio in Apple Inc. (NASDAQ:AAPL). Hilltop Hldg invested in 1.51% or 38,635 shares. Millennium Mngmt Ltd Liability has invested 0.81% in Apple Inc. (NASDAQ:AAPL). Amica Mutual Insur reported 139,876 shares. Gluskin Sheff accumulated 2,925 shares or 0.03% of the stock. Hendley & reported 48,630 shares stake.
United American Securities Inc, which manages about $201.06 million and $147.26 million US Long portfolio, decreased its stake in Amazon Com Inc (NASDAQ:AMZN) by 5,181 shares to 13,148 shares, valued at $19.75M in 2018Q4, according to the filing. It also reduced its holding in Southwest Airls Co Com (NYSE:LUV) by 26,860 shares in the quarter, leaving it with 84,507 shares, and cut its stake in Stitch Fix Inc Cl A Com.
More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Nasdaq.com which released: “Technology Sector Update for 02/14/2019: SWIR, CYBR, CSCO, MSFT, AAPL, IBM, CSCO, GOOG – Nasdaq” on February 14, 2019, also Nasdaq.com with their article: “Technology Sector Update for 02/11/2019: RGSE,DPW, MSFT, AAPL, CSCO, IBM, GOOG – Nasdaq” published on February 11, 2019, Seekingalpha.com published: “Qualcomm launches new Apple patent challenge – Seeking Alpha” on March 04, 2019. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Nasdaq.com and their article: “Technology Sector Update for 02/12/2019: VRNS, MIME, SHOP, MSFT, AAPL, CSCO, IBM, GOOG – Nasdaq” published on February 12, 2019 as well as Nasdaq.com‘s news article titled: “After Hours Most Active for Mar 1, 2019 : ABEV, GE, XOM, PFE, AR, TSM, SGMS, AAPL, SHY, MSFT, MCHI, INTC – Nasdaq” with publication date: March 01, 2019.
Since November 19, 2018, it had 0 insider purchases, and 2 sales for $902,607 activity. Shares for $255,087 were sold by LEVINSON ARTHUR D.
Moller Financial Services, which manages about $340.70M and $153.19M US Long portfolio, decreased its stake in Ishares Tr (IVV) by 86,765 shares to 37,561 shares, valued at $9.73M in 2018Q4, according to the filing. It also reduced its holding in Vanguard Index Fds (VB) by 144,843 shares in the quarter, leaving it with 92,875 shares, and cut its stake in Flexshares Tr (GUNR).
Since October 26, 2018, it had 1 buy, and 10 sales for $17.26 million activity. $1.19M worth of 3M Company (NYSE:MMM) shares were sold by Lindekugel Jon T. 8,906 shares were sold by Vale Michael G., worth $1.77 million on Thursday, February 7. On Wednesday, January 30 the insider THULIN INGE G sold $2.70 million. The insider Bushman Julie L sold 3,123 shares worth $624,295. The insider Bauman James L sold $3.22M. 9,410 3M Company (NYSE:MMM) shares with value of $1.87M were sold by Keel Paul A.
More recent 3M Company (NYSE:MMM) news were published by: Gurufocus.com which released: “US Market Indexes Close Higher Monday – GuruFocus.com” on March 11, 2019. Also 247Wallst.com published the news titled: “3M Pledges to Move to 100% Renewable Energy Over Time – 24/7 Wall St.” on February 28, 2019. Bizjournals.com‘s news article titled: “Microbial detective firm lands $14 million from 3M, others to track global supply chain from dust to data – San Francisco Business Times” with publication date: February 14, 2019 was also an interesting one.
Morgan Stanley lowered its stake in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 64.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 281,795 shares of the real estate investment trust’s stock after selling 518,190 shares during the period. Morgan Stanley owned 0.12% of Apple Hospitality REIT worth $4,928,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Renaissance Technologies LLC increased its holdings in shares of Apple Hospitality REIT by 47.9% in the third quarter. Renaissance Technologies LLC now owns 2,420,300 shares of the real estate investment trust’s stock worth $42,331,000 after purchasing an additional 783,900 shares during the period. Mackenzie Financial Corp bought a new position in shares of Apple Hospitality REIT in the third quarter worth $8,563,000. Forward Management LLC bought a new position in shares of Apple Hospitality REIT in the third quarter worth $8,134,000. JPMorgan Chase & Co. increased its holdings in shares of Apple Hospitality REIT by 107.3% in the third quarter. JPMorgan Chase & Co. now owns 658,284 shares of the real estate investment trust’s stock worth $11,513,000 after purchasing an additional 340,701 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in shares of Apple Hospitality REIT by 55.5% in the third quarter. Allianz Asset Management GmbH now owns 828,450 shares of the real estate investment trust’s stock worth $14,490,000 after purchasing an additional 295,743 shares during the period. Hedge funds and other institutional investors own 55.07% of the company’s stock.
NYSE APLE opened at $16.42 on Tuesday. Apple Hospitality REIT Inc has a 12-month low of $13.81 and a 12-month high of $19.28. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 1.99 and a beta of 0.87.
The firm also recently declared a monthly dividend, which will be paid on Monday, March 18th. Shareholders of record on Tuesday, March 5th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 4th. This represents a $1.20 annualized dividend and a yield of 7.31%.
APLE has been the topic of a number of research analyst reports. Zacks Investment Research raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, December 12th. ValuEngine raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. TheStreet cut Apple Hospitality REIT from a “b-” rating to a “c+” rating in a research note on Thursday, January 3rd. Barclays reissued a “hold” rating and issued a $18.00 target price on shares of Apple Hospitality REIT in a research note on Sunday, February 10th. Finally, B. Riley reissued a “buy” rating on shares of Apple Hospitality REIT in a research note on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $19.67.
In other Apple Hospitality REIT news, insider Glade M. Knight purchased 5,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was acquired at an average cost of $16.54 per share, for a total transaction of $82,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daryl Arthur Nickel bought 24,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average price of $16.44 per share, with a total value of $394,560.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 30,000 shares of company stock valued at $493,640. Company insiders own 6.30% of the company’s stock.
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Apple Hospitality REIT Company Profile
Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, select-service hotels in the United States. Apple Hospitality’s portfolio consists of 241 hotels with more than 30,700 guest rooms located in 88 markets throughout 34 states.
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