QUALCOMM Incorporated (QCOM) Shares Sold by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 38.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,725 shares of the wireless technology company’s stock after selling 4,200 shares during the period. Douglass Winthrop Advisors LLC’s holdings in QUALCOMM were worth $371,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Jacobi Capital Management LLC raised its stake in shares of QUALCOMM by 10.8% during the first quarter. Jacobi Capital Management LLC now owns 2,567 shares of the wireless technology company’s stock valued at $145,000 after acquiring an additional 250 shares in the last quarter. Alpha Windward LLC raised its stake in shares of QUALCOMM by 6.1% during the second quarter. Alpha Windward LLC now owns 2,680 shares of the wireless technology company’s stock valued at $148,000 after acquiring an additional 153 shares in the last quarter. Welch Group LLC raised its stake in shares of QUALCOMM by 2.3% during the first quarter. Welch Group LLC now owns 3,037 shares of the wireless technology company’s stock valued at $174,000 after acquiring an additional 69 shares in the last quarter. American National Bank raised its stake in shares of QUALCOMM by 28.7% during the second quarter. American National Bank now owns 3,637 shares of the wireless technology company’s stock valued at $201,000 after acquiring an additional 812 shares in the last quarter. Finally, Ronald Blue & Co. LLC raised its stake in shares of QUALCOMM by 0.5% during the second quarter. Ronald Blue & Co. LLC now owns 3,760 shares of the wireless technology company’s stock valued at $208,000 after acquiring an additional 18 shares in the last quarter. 76.99% of the stock is owned by hedge funds and other institutional investors.

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A number of equities analysts recently commented on QCOM shares. J P Morgan Chase & Co reissued an “overweight” rating on shares of QUALCOMM in a research note on Wednesday, September 6th. Zacks Investment Research raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Stifel Nicolaus reissued a “buy” rating on shares of QUALCOMM in a research note on Thursday, October 12th. BMO Capital Markets reissued a “market perform” rating and issued a $54.00 price objective on shares of QUALCOMM in a research note on Monday, July 10th. Finally, Northland Securities raised shares of QUALCOMM from a “market perform” rating to an “outperform” rating and set a $62.50 price objective for the company in a research note on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $63.80.

QUALCOMM Incorporated (QCOM) opened at 54.57 on Friday. The firm has a 50 day moving average of $52.09 and a 200-day moving average of $54.10. QUALCOMM Incorporated has a 12 month low of $48.92 and a 12 month high of $71.62. The firm has a market cap of $80.55 billion, a P/E ratio of 20.90 and a beta of 1.28.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Tuesday, November 28th. QUALCOMM’s payout ratio is 87.36%.

In related news, EVP Michelle M. Sterling sold 4,740 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $51.88, for a total transaction of $245,911.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 5,481 shares of company stock worth $284,132. Insiders own 0.17% of the company’s stock.

QUALCOMM Profile

QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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