Wedbush Securities Increases Holding in Intl Business Machines (IBM); Biglari Capital Decreased …

Mach IBM Board Approves Increase in Quarterly Cash Dividend for the 23rd Consecutive Year; 22/05/2018 – Apollo Hospitals Adopts IBM Watson for …

Wedbush Securities Inc increased its stake in Intl Business Machines (IBM) by 25.19% based on its latest 2018Q4 regulatory filing with the SEC. Wedbush Securities Inc bought 4,975 shares as the company’s stock rose 12.54% with the market. The institutional investor held 24,726 shares of the computer manufacturing company at the end of 2018Q4, valued at $2.81M, up from 19,751 at the end of the previous reported quarter. Wedbush Securities Inc who had been investing in Intl Business Machines for a number of months, seems to be bullish on the $126.90B market cap company. The stock decreased 0.55% or $0.79 during the last trading session, reaching $142.6. About 1.30M shares traded. International Business Machines Corporation (NYSE:IBM) has declined 10.00% since April 9, 2018 and is downtrending. It has underperformed by 14.37% the S&P500. Some Historical IBM News: 17/04/2018 – IBM 1Q EPS $1.81; 16/05/2018 – FINJAN HOLDINGS INC SAYS TERMS OF PATENT ASSIGNMENT AGREEMENT ARE CONFIDENTIAL – SEC FILING; 17/04/2018 – IBM CFO JAMES KAVANAUGH: DISAPPOINTED W/ STORAGE REVENUE GROWTH; 24/04/2018 – REG-lntnl Bus. Mach IBM Board Approves Increase in Quarterly Cash Dividend for the 23rd Consecutive Year; 22/05/2018 – Apollo Hospitals Adopts IBM Watson for Oncology and IBM Watson for Genomics to Help Physicians Make Data-Driven Cancer Care Decisions; 27/03/2018 – ShiftPixy Leverages IBM’s Watson to Better Connect and Scale; 22/05/2018 – Quad Nova’s CEO Says Workarounds on the IBM i (AS/400) May Compromise Enterprise Value; 18/04/2018 – Markets Now: Dow Gains 20 Points as IBM Caps Upside — Barron’s Blog; 27/03/2018 – ITALY’S CARIGE SAYS ACKNOWLEDGES MARKET CONDITIONS ARE NOT THERE FOR ISSUANCE OF SUBORDINATED BOND WITH “EXPECTED CHARACTERISTICS”; 18/04/2018 – XTD LTD XTD.AX – SIGNED COLLABORATION AGREEMENT WITH IBM FOR GLOBAL DISTRIBUTION OF SMART CITIES SOFTWARE SOLUTIONS

Biglari Capital Corp decreased its stake in Investors Title Co (ITIC) by 18.58% based on its latest 2018Q4 regulatory filing with the SEC. Biglari Capital Corp sold 5,574 shares as the company’s stock declined 6.99% while stock markets rallied. The hedge fund held 24,426 shares of the specialty insurers company at the end of 2018Q4, valued at $4.32M, down from 30,000 at the end of the previous reported quarter. Biglari Capital Corp who had been investing in Investors Title Co for a number of months, seems to be less bullish one the $300.54 million market cap company. The stock decreased 0.16% or $0.26 during the last trading session, reaching $159.3. About 3,438 shares traded. Investors Title Company (NASDAQ:ITIC) has declined 6.89% since April 9, 2018 and is downtrending. It has underperformed by 11.26% the S&P500. Some Historical ITIC News: 05/03/2018 Investors Title Company Declares Quarterly Dividend; 09/05/2018 – Investors Title Short-Interest Ratio Rises 35% to 10 Days; 08/05/2018 – Investors Title 1Q EPS $2.20; 08/05/2018 – Investors Title 1Q Rev $33.8M; 19/04/2018 – DJ Investors Title Company, Inst Holders, 1Q 2018 (ITIC)

Investors sentiment decreased to 0.59 in 2018 Q4. Its down 0.32, from 0.91 in 2018Q3. It dropped, as 129 investors sold IBM shares while 678 reduced holdings. 121 funds opened positions while 353 raised stakes. 523.62 million shares or 6.28% more from 492.69 million shares in 2018Q3 were reported. Barbara Oil holds 0.38% or 5,000 shares. Old Second Financial Bank Of Aurora, a Illinois-based fund reported 2,243 shares. Meridian Inv Counsel stated it has 7,416 shares or 0.55% of all its holdings. Central National Bank & Trust Tru reported 1,281 shares. 42,624 are owned by Thompson Rubinstein Mgmt Or. Union Retail Bank Corporation has 4,417 shares. Parthenon Limited Liability Corporation reported 29,199 shares. Dorsey Whitney Trust Company Ltd Liability Corp reported 12,416 shares. Stevens Mgmt Lp invested 0.02% of its portfolio in International Business Machines Corporation (NYSE:IBM). Sfmg Ltd invested in 2,326 shares. Voya Investment Management Limited reported 0.14% in International Business Machines Corporation (NYSE:IBM). 18,241 are owned by Freestone Ltd Liability. Advisory Net Ltd Liability stated it has 29,429 shares or 0.29% of all its holdings. Moreover, First Amer Bankshares has 0.08% invested in International Business Machines Corporation (NYSE:IBM). Lodestar Counsel Limited Il reported 5,419 shares stake.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Bizjournals.com which released: “State has not yet signed contract with IBM for partnership at SUNY Poly – Albany Business Review” on March 26, 2019, also Benzinga.com with their article: “International Business Machines Corporation (NYSE:IBM), Western Union Company (The) (NYSE:WU) – XRP/USD Stages A Recovery As XRP Futures Go Live On Huobi Exchange – Benzinga” published on March 27, 2019, Fool.com published: “Better Dividend Buy: IBM vs. Coca-Cola – Motley Fool” on March 14, 2019. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Fool.com and their article: “A Low-Risk Way to Bet on Fintech and Blockchain – The Motley Fool” published on March 19, 2019 as well as 247Wallst.com‘s news article titled: “Alphabet, IBM and Other Tech Stocks With Recent Golden Crosses – 24/7 Wall St.” with publication date: April 04, 2019.

Since October 31, 2018, it had 5 insider buys, and 0 insider sales for $2.09 million activity. Shares for $114,673 were bought by OWENS JAMES W. On Wednesday, October 31 TAUREL SIDNEY bought $495,846 worth of International Business Machines Corporation (NYSE:IBM) or 4,311 shares. 2,000 shares were bought by Swedish Joseph, worth $232,838. 2,153 International Business Machines Corporation (NYSE:IBM) shares with value of $249,722 were bought by WADDELL FREDERICK H.

Wedbush Securities Inc, which manages about $782.42 million US Long portfolio, decreased its stake in Northrim Bancorp Inc (NASDAQ:NRIM) by 11,115 shares to 56,549 shares, valued at $1.86M in 2018Q4, according to the filing. It also reduced its holding in Schlumberger Ltd (NYSE:SLB) by 11,726 shares in the quarter, leaving it with 24,294 shares, and cut its stake in Willdan Group Inc (NASDAQ:WLDN).

More notable recent Investors Title Company (NASDAQ:ITIC) news were published by: Seekingalpha.com which released: “Calloway’s Nursery: Under The Radar And Trading Below Liquidation Value – Seeking Alpha” on January 27, 2017, also Nasdaq.com with their article: “Philippines’ Duterte picks cabinet ally to head central bank – Nasdaq” published on March 04, 2019, Gurufocus.com published: “Mar 07, 2019 – Goldman Sachs Group Inc Buys Energy Transfer LP, iShares iBoxx $ High Yield Corporate Bond, Merck Inc, Sells Energy Transfer Operating LP, Express Scripts Holding Co, iShares iBoxx $ Investment Grade Corporate Bond – GuruFocus.com” on March 07, 2019. More interesting news about Investors Title Company (NASDAQ:ITIC) were released by: Marketwatch.com and their article: “Apple and other companies sound the alarm on Trump’s China tariff plans – MarketWatch” published on September 11, 2018 as well as Businesswire.com‘s news article titled: “Investors Title Company Board Declares Special Cash Dividend and Regular Quarterly Cash Dividend – Business Wire” with publication date: November 13, 2018.

Investors sentiment increased to 1.47 in 2018 Q4. Its up 0.36, from 1.11 in 2018Q3. It is positive, as 1 investors sold ITIC shares while 18 reduced holdings. 12 funds opened positions while 16 raised stakes. 800,687 shares or 0.50% more from 796,679 shares in 2018Q3 were reported. Rhumbline Advisers accumulated 0% or 1,955 shares. Strs Ohio has 0% invested in Investors Title Company (NASDAQ:ITIC). Wells Fargo Mn has 19,227 shares. Dimensional Fund Advsrs Ltd Partnership invested in 0.01% or 149,402 shares. Bancorporation Of America Corporation De reported 0% stake. Rbf Capital Limited Company has invested 0.09% in Investors Title Company (NASDAQ:ITIC). Biglari has invested 0.47% in Investors Title Company (NASDAQ:ITIC). Tiaa Cref Investment invested in 2,960 shares or 0% of the stock. Citigroup Incorporated reported 381 shares. Fmr Ltd Liability Co reported 0% in Investors Title Company (NASDAQ:ITIC). Marshall Wace Ltd Liability Partnership accumulated 5,228 shares. Davenport Limited Liability invested 0.01% in Investors Title Company (NASDAQ:ITIC). Alliancebernstein Lp stated it has 0% of its portfolio in Investors Title Company (NASDAQ:ITIC). Invesco Ltd holds 0% in Investors Title Company (NASDAQ:ITIC) or 9,114 shares. Whittier Tru accumulated 400 shares.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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New Jersey Resources Corp (NYSE:NJR) Shares Sold by Wedbush Securities Inc.

Man Group plc boosted its holdings in shares of New Jersey Resources by 364.5% in the third quarter. Man Group plc now owns 397,584 shares of …

New Jersey Resources logoWedbush Securities Inc. reduced its position in New Jersey Resources Corp (NYSE:NJR) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,903 shares of the utilities provider’s stock after selling 700 shares during the period. Wedbush Securities Inc.’s holdings in New Jersey Resources were worth $270,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NJR. Virtu Financial LLC bought a new position in shares of New Jersey Resources in the fourth quarter valued at approximately $325,000. Nachman Norwood & Parrott Inc bought a new position in shares of New Jersey Resources in the fourth quarter valued at approximately $421,000. Russell Investments Group Ltd. boosted its holdings in shares of New Jersey Resources by 46.9% in the third quarter. Russell Investments Group Ltd. now owns 71,693 shares of the utilities provider’s stock valued at $3,303,000 after acquiring an additional 22,904 shares in the last quarter. Man Group plc boosted its holdings in shares of New Jersey Resources by 364.5% in the third quarter. Man Group plc now owns 397,584 shares of the utilities provider’s stock valued at $18,329,000 after acquiring an additional 311,985 shares in the last quarter. Finally, Legacy Advisors LLC boosted its holdings in New Jersey Resources by 10.0% during the third quarter. Legacy Advisors LLC now owns 12,997 shares of the utilities provider’s stock worth $603,000 after buying an additional 1,182 shares in the last quarter. 66.75% of the stock is owned by institutional investors.

In related news, Director M William Howard, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 11th. The shares were sold at an average price of $44.63, for a total value of $44,630.00. Following the completion of the transaction, the director now owns 18,713 shares of the company’s stock, valued at approximately $835,161.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

New Jersey Resources stock traded up $0.46 during midday trading on Friday, reaching $48.86. The stock had a trading volume of 482,673 shares, compared to its average volume of 511,510. New Jersey Resources Corp has a twelve month low of $37.65 and a twelve month high of $51.83. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.79 and a current ratio of 1.05. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 3.47 and a beta of 0.32.

New Jersey Resources (NYSE:NJR) last posted its quarterly earnings data on Wednesday, February 6th. The utilities provider reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.08). New Jersey Resources had a return on equity of 10.92% and a net margin of 6.49%. The firm had revenue of $811.77 million during the quarter, compared to analyst estimates of $712.00 million. During the same period in the prior year, the business posted $1.56 EPS. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. Equities analysts forecast that New Jersey Resources Corp will post 2.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, March 14th. New Jersey Resources’s dividend payout ratio is 42.70%.

NJR has been the subject of a number of research reports. Zacks Investment Research upgraded shares of New Jersey Resources from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Friday, November 23rd. Guggenheim cut shares of New Jersey Resources from a “neutral” rating to a “sell” rating in a report on Monday, January 7th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. New Jersey Resources currently has an average rating of “Hold” and a consensus target price of $50.00.

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New Jersey Resources Company Profile

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Midstream segments. The Natural Gas Distribution segment offers regulated retail natural gas services to approximately 538,700 residential and commercial customers in central and northern New Jersey; provides storage management services; and participates in the off-system sales and capacity release markets.

Read More: What are defining characteristics of a correction?

Institutional Ownership by Quarter for New Jersey Resources (NYSE:NJR)

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Baidu (BIDU) Position Increased by Wedbush Securities Inc; International Business Machs (IBM …

The Motley Fool” on February 26, 2019, also Seekingalpha.com with their article: “IBM’s Watson Anywhere Highlights Reality Of A Multi-Cloud World …

Baidu, Inc. (NASDAQ:BIDU) Logo

Wedbush Securities Inc increased its stake in Baidu Inc (BIDU) by 35.23% based on its latest 2018Q3 regulatory filing with the SEC. Wedbush Securities Inc bought 2,156 shares as the company’s stock declined 16.10% with the market. The institutional investor held 8,275 shares of the technology company at the end of 2018Q3, valued at $1.89 million, up from 6,119 at the end of the previous reported quarter. Wedbush Securities Inc who had been investing in Baidu Inc for a number of months, seems to be bullish on the $56.63 billion market cap company. The stock decreased 0.28% or $0.45 during the last trading session, reaching $162.09. About 2.66 million shares traded. Baidu, Inc. (NASDAQ:BIDU) has declined 23.09% since March 2, 2018 and is downtrending. It has underperformed by 23.09% the S&P500. Some Historical BIDU News: 21/05/2018 – Baidu Sinks for Third Straight Day; Chinese ADRs Monday; 18/05/2018 – BAIDU INC BIDU.O – Ql LU WILL NO LONGER SERVE AS CHIEF OPERATING OFFICER OF COMPANY STARTING IN JULY 2018; 29/04/2018 – Baidu Expects That Du Xiaoman Will Be Deconsolidated From Baidu’s Consolidated Fincl Statements; 22/03/2018 – GUIDANCE: Baidu $Benchmark 5.5Y +125#, 10Y +160#; 29/04/2018 – Baidu: Guang Zhu, Baidu Senior Vice Pres and General Manager of FSG, Will Become CEO of Du Xiaoman; 29/03/2018 – IQiyi, Baidu’s Netflix of China, Makes U.S. Market Debut; 18/05/2018 – BAIDU SAYS QI LU TO REMAIN VICE CHAIRMAN; 22/03/2018 – BAIDU GETS LICENSES FOR AUTONOMOUS CARS TESTS IN BEIJING; 21/03/2018 – Comment: The price of Chinese companies returning to mainland listings; 15/03/2018 – MEDIA-Baidu CEO sees self-driving cars in commercial use within 3-5 years – China Daily

Blb&B Advisors Llc decreased its stake in International Business Machs (IBM) by 7.42% based on its latest 2018Q3 regulatory filing with the SEC. Blb&B Advisors Llc sold 4,911 shares as the company’s stock declined 16.83% with the market. The institutional investor held 61,231 shares of the computer manufacturing company at the end of 2018Q3, valued at $9.26 million, down from 66,142 at the end of the previous reported quarter. Blb&B Advisors Llc who had been investing in International Business Machs for a number of months, seems to be less bullish one the $124.23B market cap company. The stock increased 0.77% or $1.07 during the last trading session, reaching $139.2. About 3.03 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 21.12% since March 2, 2018 and is downtrending. It has underperformed by 21.12% the S&P500. Some Historical IBM News: 30/05/2018 – Fujitsu, IBM Join Actifio Data Driven 2018 As Premier Sponsors; 12/03/2018 – IBM CEO 2017 TOTAL COMPENSATION $18.6M VS. $32.7M; 30/03/2018 – Clear Technologies Wins IBM Global Financing Excellence Award at Think 2018; 16/05/2018 – FINJAN HOLDINGS INC SAYS TERMS OF PATENT ASSIGNMENT AGREEMENT ARE CONFIDENTIAL – SEC FILING; 14/05/2018 – Apttus’ Intelligent Middle Office Platform on IBM Cloud Will Help Customers Generate Greater Revenue, Maximize Business; 21/05/2018 – Syncsort Advances Security Strategy with Acquisition of Townsend Security’s IBM i Data Privacy Products; 16/05/2018 – IT Services Market in Latin America 2018-2022 with Accenture, Capgemini, HCL Technologies, IBM, and Sonda Dominating – ResearchAndMarkets.com; 17/04/2018 – After-hours buzz: IBM, ISRG, UAL & more; 29/03/2018 – IBM: One Change Is Adoption of New Revenue Recognition Guidance; 15/05/2018 – Berkshire Exits IBM, Cuts Wells Fargo, Buys More Apple: 13F

More notable recent Baidu, Inc. (NASDAQ:BIDU) news were published by: Nasdaq.com which released: “3 Top Chinese Stocks to Watch in February – Nasdaq” on February 20, 2019, also Benzinga.com with their article: “Activision Blizzard, Inc (NASDAQ:ATVI), Baidu, Inc. (NASDAQ:BIDU) – Earnings Potpourri: Coca-Cola, Deere, Cisco Report This Week, But Trade Talks Dominate – Benzinga” published on February 11, 2019, Nasdaq.com published: “5 Tech Stocks Investors Should Buy on the Rebound – Nasdaq” on March 01, 2019. More interesting news about Baidu, Inc. (NASDAQ:BIDU) were released by: Nasdaq.com and their article: “Baidu Inc. (BIDU) Stock Sinks As Market Gains: What You Should Know – Nasdaq” published on January 17, 2019 as well as Nasdaq.com‘s news article titled: “Better Buy: Baidu vs. MercadoLibre – Nasdaq” with publication date: February 24, 2019.

Wedbush Securities Inc, which manages about $881.41 million US Long portfolio, decreased its stake in International Paper (NYSE:IP) by 6,169 shares to 11,001 shares, valued at $541,000 in 2018Q3, according to the filing. It also reduced its holding in Cisco Systems Inc (NASDAQ:CSCO) by 15,660 shares in the quarter, leaving it with 73,453 shares, and cut its stake in Pfizer Inc (NYSE:PFE).

Since October 31, 2018, it had 5 insider buys, and 0 sales for $2.09 million activity. $495,846 worth of stock was bought by TAUREL SIDNEY on Wednesday, October 31. WADDELL FREDERICK H had bought 2,153 shares worth $249,722 on Thursday, November 1. Rometty Virginia M bought 8,500 shares worth $998,835. Swedish Joseph had bought 2,000 shares worth $232,838.

Investors sentiment increased to 0.91 in 2018 Q3. Its up 0.01, from 0.9 in 2018Q2. It increased, as 65 investors sold IBM shares while 594 reduced holdings. 116 funds opened positions while 481 raised stakes. 492.69 million shares or 0.61% more from 489.70 million shares in 2018Q2 were reported. Daiwa Sb Invests Limited holds 0.05% or 1,580 shares. Metropolitan Life Insur Ny reported 168,248 shares or 0.51% of all its holdings. Northstar Asset Mgmt Ltd reported 5,115 shares. Hills Retail Bank stated it has 4,904 shares. Asset Management One invested in 1.49M shares. Verity Verity holds 2.3% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 63,016 shares. Baldwin Management Ltd Llc holds 1,969 shares or 0.09% of its portfolio. 3,616 were accumulated by Truepoint. Moreover, Ogorek Anthony Joseph Adv has 0.11% invested in International Business Machines Corporation (NYSE:IBM) for 965 shares. Clearbridge Llc holds 2.02% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 54,476 shares. Wg Shaheen & Assoc Dba Whitney & invested in 5,916 shares or 0.18% of the stock. Grimes & Company accumulated 31,541 shares or 0.38% of the stock. Ironwood Investment Ltd holds 6,874 shares or 0.73% of its portfolio. Twin Management Inc stated it has 0.14% in International Business Machines Corporation (NYSE:IBM). Moreover, Hudson Valley Incorporated Adv has 0.39% invested in International Business Machines Corporation (NYSE:IBM) for 11,095 shares.

Blb&B Advisors Llc, which manages about $669.27 million and $803.64M US Long portfolio, upped its stake in Vanguard Tax Managed Intl Fd (VEA) by 102,522 shares to 600,987 shares, valued at $26.01M in 2018Q3, according to the filing. It also increased its holding in Schwab Strategic Tr (SCHM) by 83,196 shares in the quarter, for a total of 493,250 shares, and has risen its stake in Barclays Bk Plc (DJP).

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Fool.com which released: “How Safe Is IBM’s Dividend? – The Motley Fool” on February 26, 2019, also Seekingalpha.com with their article: “IBM’s Watson Anywhere Highlights Reality Of A Multi-Cloud World – Seeking Alpha” published on February 19, 2019, Seekingalpha.com published: “IBM announces $700M Santander deal, $25M initiative – Seeking Alpha” on February 13, 2019. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “Boehringer Ingelheim teams up with IBM to explore use of blockchain in clinical trials – Seeking Alpha” published on February 12, 2019 as well as Seekingalpha.com‘s news article titled: “IBM: Stay Calm, Stay Long – Seeking Alpha” with publication date: January 16, 2019.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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Wedbush Securities Inc. Has $3.14 Million Holdings in QUALCOMM, Inc. (NASDAQ:QCOM)

Wedbush Securities Inc. grew its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 29.2% in the 4th quarter, according to its most recent filing with the …

Wedbush Securities Inc. grew its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 29.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 55,240 shares of the wireless technology company’s stock after buying an additional 12,484 shares during the quarter. Wedbush Securities Inc.’s holdings in QUALCOMM were worth $3,144,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV grew its holdings in QUALCOMM by 214.4% during the fourth quarter. KBC Group NV now owns 874,671 shares of the wireless technology company’s stock worth $49,777,000 after acquiring an additional 596,498 shares during the period. Miles Capital Inc. grew its holdings in QUALCOMM by 14.9% during the fourth quarter. Miles Capital Inc. now owns 16,863 shares of the wireless technology company’s stock worth $960,000 after acquiring an additional 2,188 shares during the period. First Manhattan Co. grew its holdings in QUALCOMM by 67.8% during the fourth quarter. First Manhattan Co. now owns 23,331 shares of the wireless technology company’s stock worth $1,327,000 after acquiring an additional 9,425 shares during the period. MAI Capital Management grew its holdings in QUALCOMM by 0.5% during the fourth quarter. MAI Capital Management now owns 240,770 shares of the wireless technology company’s stock worth $13,702,000 after acquiring an additional 1,212 shares during the period. Finally, Slow Capital Inc. grew its holdings in QUALCOMM by 24.9% during the fourth quarter. Slow Capital Inc. now owns 29,551 shares of the wireless technology company’s stock worth $1,682,000 after acquiring an additional 5,891 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

In related news, EVP Donald J. Rosenberg sold 9,048 shares of the firm’s stock in a transaction that occurred on Thursday, December 13th. The stock was sold at an average price of $58.01, for a total value of $524,874.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Cristiano R. Amon sold 18,323 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $60.23, for a total value of $1,103,594.29. The disclosure for this sale can be found here. In the last three months, insiders sold 73,668 shares of company stock worth $4,006,189. Company insiders own 0.11% of the company’s stock.

NASDAQ:QCOM traded down $0.44 during trading hours on Thursday, reaching $51.15. 4,064,363 shares of the stock were exchanged, compared to its average volume of 16,505,693. The company has a quick ratio of 1.38, a current ratio of 1.54 and a debt-to-equity ratio of 4.25. QUALCOMM, Inc. has a 52 week low of $48.56 and a 52 week high of $76.50. The company has a market cap of $62.52 billion, a PE ratio of 16.04, a P/E/G ratio of 1.58 and a beta of 1.17.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, January 30th. The wireless technology company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.11. The company had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.89 billion. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. QUALCOMM’s quarterly revenue was down 21.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. As a group, sell-side analysts expect that QUALCOMM, Inc. will post 3.23 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend is Wednesday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is 77.74%.

A number of research firms have commented on QCOM. BMO Capital Markets reiterated a “market perform” rating on shares of QUALCOMM in a research report on Thursday, January 31st. Cowen reiterated an “outperform” rating and set a $70.00 target price (down from $73.00) on shares of QUALCOMM in a research report on Thursday, January 31st. Deutsche Bank reduced their price objective on QUALCOMM to $65.00 and set a “hold” rating on the stock in a research report on Thursday, November 8th. Evercore ISI restated an “in-line” rating and issued a $60.00 price objective (down from $68.00) on shares of QUALCOMM in a research report on Monday, January 14th. Finally, Bank of America reduced their price objective on QUALCOMM from $70.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, November 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. QUALCOMM currently has a consensus rating of “Hold” and a consensus target price of $66.00.

QUALCOMM Company Profile

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

See Also: Capital Gains

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Wedbush Securities Inc. Has $1.32 Million Stake in Duke Energy Corp (NYSE:DUK)

Wedbush Securities Inc. boosted its holdings in Duke Energy Corp (NYSE:DUK) by 3.9% in the fourth quarter, according to the company in its most …

Duke Energy logoWedbush Securities Inc. boosted its holdings in Duke Energy Corp (NYSE:DUK) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,286 shares of the utilities provider’s stock after purchasing an additional 568 shares during the quarter. Wedbush Securities Inc.’s holdings in Duke Energy were worth $1,319,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DUK. Morgan Stanley increased its position in shares of Duke Energy by 13.8% in the third quarter. Morgan Stanley now owns 3,792,774 shares of the utilities provider’s stock worth $303,498,000 after acquiring an additional 460,092 shares in the last quarter. Union Bankshares Corp boosted its stake in shares of Duke Energy by 43.4% in the fourth quarter. Union Bankshares Corp now owns 8,386 shares of the utilities provider’s stock valued at $724,000 after purchasing an additional 2,536 shares during the period. Putnam Investments LLC boosted its stake in shares of Duke Energy by 0.9% in the third quarter. Putnam Investments LLC now owns 259,153 shares of the utilities provider’s stock valued at $20,737,000 after purchasing an additional 2,344 shares during the period. First National Bank of Omaha boosted its stake in shares of Duke Energy by 0.8% in the fourth quarter. First National Bank of Omaha now owns 54,166 shares of the utilities provider’s stock valued at $4,675,000 after purchasing an additional 430 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Duke Energy by 207.9% in the third quarter. Thrivent Financial for Lutherans now owns 109,460 shares of the utilities provider’s stock valued at $8,759,000 after purchasing an additional 73,915 shares during the period. 60.33% of the stock is owned by hedge funds and other institutional investors.

NYSE:DUK traded down $1.26 during trading hours on Thursday, reaching $88.33. 142,316 shares of the stock were exchanged, compared to its average volume of 3,091,870. Duke Energy Corp has a twelve month low of $71.96 and a twelve month high of $91.35. The company has a quick ratio of 0.46, a current ratio of 0.68 and a debt-to-equity ratio of 1.17. The company has a market cap of $63.87 billion, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 3.65 and a beta of 0.06.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.05). Duke Energy had a return on equity of 8.02% and a net margin of 11.98%. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.84 billion. During the same period last year, the company earned $0.94 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, analysts anticipate that Duke Energy Corp will post 4.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 15th will be paid a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Thursday, February 14th. Duke Energy’s dividend payout ratio is currently 81.18%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research note on Wednesday, December 12th. Morgan Stanley increased their target price on shares of Duke Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a report on Tuesday. ValuEngine raised shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Barclays increased their price objective on shares of Duke Energy from $86.00 to $88.00 and gave the stock a “hold” rating in a report on Monday, November 19th. Finally, Bank of America lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $88.00 to $87.00 in a research report on Wednesday, January 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $85.21.

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Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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