IMS Capital Management Has $1701000 Position in QUALCOMM Incorporated (QCOM)
Jan 18 2017 by Joanne Wise
QUALCOMM Incorporated (NASDAQ:QCOM) share price Jumped 1.15% to reach $66.88 during the last trading session. The Hedge Fund company now holds 34,471 shares of QCOM which is valued at $2,263,021. South Dakota Investment Council's holdings in QUALCOMM were worth $44,923,000 at the end of the most recent reporting period. Sterling Global Strategies LLC raised its position in Qualcomm by 0.4% in the second quarter. Delphi Private Advisors LLC now owns 4,371 shares of the wireless technology company's stock valued at $234,000 after buying an additional 19 shares in the last quarter. The company recent traded volume was lower than its average volume of 4.37 million shares. Sunbelt Securities Inc. raised its stake in Qualcomm by 1.0% in the second quarter. This evaluation process is unfortunate because if a portfolio manager is having a down quarter, he or she will drop underperforming stocks and buy into shares with trending momentum in hopes of achieving stability with the top indexes in the subsequent quarter.
FTB Advisors Inc. boosted its stake in shares of Qualcomm Inc. 22 analysts have rated the company as a strong "Hold". Greenwich Wealth Management LLC now owns 5,851 shares of the wireless technology company's stock valued at $313,000 after buying an additional 26 shares in the last quarter.
QUALCOMM Incorporated (NASDAQ:QCOM)'s stock has been a favorite of "smart money" aka institutions, as of late. The wireless technology company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.15. The business had revenue of $9.17 billion for the quarter, compared to analyst estimates of $5.84 billion. Company net profit margin stands at 24.20% whereas its return on equity (ROE) is 18.70%. Adjusted EBITDA for the quarter was $85.7 million, or 15.5% of revenue. During the same quarter previous year, the company posted $0.91 EPS. On average, equities analysts forecast that QUALCOMM Incorporated will post $4.76 earnings per share for the current year.
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ClubCorp Holdings, Inc. (NYSE:MYCC) announced a cash dividend payment of $0.13 per share is scheduled to be paid on January 17, 2017. The ex-dividend date of this dividend is Monday, November 28th. This represents a $2.12 annualized dividend and a dividend yield of 3.30%. QUALCOMM's dividend payout ratio (DPR) is now 55.64%.
TRADEMARK VIOLATION NOTICE: "South Dakota Investment Council Cuts Stake in QUALCOMM Incorporated (QCOM)" was published by Sports Perspectives and is the propert of of Sports Perspectives. If you are viewing this story on another domain, it was illegally copied and republished in violation of U.S. and global trademark and copyright law. The correct version of this piece can be read at https://sportsperspectives.com/2017/01/17/south-dakota-investment-council-cuts-stake-in-qualcomm-incorporated-qcom.html. Vetr upgraded shares of QUALCOMM from a "buy" rating to a "strong-buy" rating and set a $71.00 target price on the stock in a report on Monday, September 26th. Canaccord Genuity raised their target price on shares of QUALCOMM from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Wednesday, October 12th.
Welltower Inc. (NYSE:HCN) went down -0.28% during trading on 01-13-2017, with the company's shares hitting the price near $66.66. The hold, buy and sell recommendations are compiled to get an average rating on a 1-5 scale. The Corporation has a Mean Rating of 2.26 based on the Reuters Analysts consensus issuing ratings. This all usually leads to increased trading costs, increased taxes and the probability that the fund is selling off shares at an inopportune time. The highest analyst price target is $83.00, which implies a rally of 76 percent. 5,161,337 shares of the company were exchanged. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Alexander H. Rogers sold 8,993 shares of the company's stock in a transaction on Thursday, December 29th. The shares were sold at an average price of $68.52, for a total transaction of $1,507,440.00. Following the completion of the sale, the executive vice president now directly owns 655 shares in the company, valued at $42,902.50. The disclosure for this sale can be found here. The insider owns 649,533 shares as of less than 0.1%, now worth $43440767.04.