AstraZeneca plc Target of Unusually High Options Trading (AZN)

AstraZeneca plc (NYSE:AZN) was the recipient of unusually large options trading on Wednesday. Investors purchased 8,259 put options on the stock. This represents an increase of 1,510% compared to the average volume of 513 put options.

Shares of AstraZeneca plc (NYSE:AZN) opened at 34.26 on Monday. The firm has a 50-day moving average price of $31.89 and a 200-day moving average price of $32.14. The company has a market capitalization of $86.75 billion, a PE ratio of 22.47 and a beta of 0.76. AstraZeneca plc has a 1-year low of $25.55 and a 1-year high of $35.60.

AstraZeneca plc (NYSE:AZN) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.46. The company had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.04 billion. AstraZeneca plc had a return on equity of 14.36% and a net margin of 8.83%. The business’s revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Equities analysts anticipate that AstraZeneca plc will post $1.91 earnings per share for the current year.

The firm also recently disclosed a None dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 11th were paid a $0.44 dividend. This represents a yield of 2.98%. The ex-dividend date of this dividend was Wednesday, August 9th. AstraZeneca plc’s dividend payout ratio is currently 44.92%.

Institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new position in AstraZeneca plc in the second quarter worth $105,000. Salem Investment Counselors Inc. acquired a new position in AstraZeneca plc in the first quarter worth $107,000. Tower Research Capital LLC TRC boosted its stake in AstraZeneca plc by 3,782.0% in the first quarter. Tower Research Capital LLC TRC now owns 3,882 shares of the company’s stock worth $121,000 after purchasing an additional 3,782 shares in the last quarter. WFG Advisors LP boosted its stake in AstraZeneca plc by 36.0% in the second quarter. WFG Advisors LP now owns 3,716 shares of the company’s stock worth $127,000 after purchasing an additional 984 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in AstraZeneca plc by 27.1% in the first quarter. Parallel Advisors LLC now owns 4,526 shares of the company’s stock worth $138,000 after purchasing an additional 964 shares in the last quarter. 14.17% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on AZN. BNP Paribas upgraded AstraZeneca plc from a “neutral” rating to an “outperform” rating in a research note on Monday, September 25th. Sanford C. Bernstein restated a “buy” rating on shares of AstraZeneca plc in a research note on Friday, September 22nd. Liberum Capital cut AstraZeneca plc from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. BMO Capital Markets began coverage on AstraZeneca plc in a research note on Wednesday, September 6th. They set an “outperform” rating and a $38.00 price objective on the stock. Finally, Natixis upgraded AstraZeneca plc from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 6th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company. AstraZeneca plc currently has a consensus rating of “Hold” and an average target price of $34.35.

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AstraZeneca plc Company Profile

AstraZeneca PLC (AstraZeneca) is a biopharmaceutical company. The Company focuses on discovery and development of products, which are then manufactured, marketed and sold. The Company focuses on three main therapy areas: Oncology, Cardiovascular & Metabolic Disease (CVMD) and Respiratory, while selectively pursuing therapies in Autoimmunity, Infection and Neuroscience.

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