Sterling Global Strategies Holds Holding in Apple (AAPL); Papp L Roy & Associates Decreased Qualcomm (QCOM) Stake as Stock Price Rose

January 14, 2018 - By Kurt Siggers

Sterling Global Strategies Llc increased its stake in Apple Inc (AAPL) by 96.48% based on its latest 2017Q3 regulatory filing with the SEC. Sterling Global Strategies Llc bought 2,443 shares as the company’s stock rose 12.78% with the market. The institutional investor held 4,975 shares of the computer manufacturing company at the end of 2017Q3, valued at $766,000, up from 2,532 at the end of the previous reported quarter. Sterling Global Strategies Llc who had been investing in Apple Inc for a number of months, seems to be bullish on the $900.87B market cap company. The stock increased 1.03% or $1.81 during the last trading session, reaching $177.09. About 25.42M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 14, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Papp L Roy & Associates decreased its stake in Qualcomm Inc (QCOM) by 11.01% based on its latest 2017Q3 regulatory filing with the SEC. Papp L Roy & Associates sold 8,295 shares as the company’s stock rose 2.14% with the market. The institutional investor held 67,045 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $3.48 million, down from 75,340 at the end of the previous reported quarter. Papp L Roy & Associates who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $96.81 billion market cap company. The stock decreased 0.08% or $0.05 during the last trading session, reaching $65.38. About 5.01M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since January 14, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.




Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.13, from 0.98 in 2017Q2. It turned negative, as 83 investors sold QCOM shares while 490 reduced holdings. 89 funds opened positions while 397 raised stakes. 1.10 billion shares or 0.88% less from 1.11 billion shares in 2017Q2 were reported. Cap Mngmt Limited Liability, New Jersey-based fund reported 500,234 shares. 6.93M are owned by Royal Bancorporation Of Canada. Rockefeller Fincl Ser holds 0.09% in QUALCOMM Incorporated (NASDAQ:QCOM) or 87,078 shares. Plante Moran Advsrs Ltd Liability Corporation invested 0.01% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Mason Street Advsr reported 205,096 shares stake. Princeton Mgmt reported 66,636 shares. Pr Herzig & Com invested in 31,500 shares or 3.16% of the stock. Mengis invested in 93,421 shares or 3.24% of the stock. Redwood Capital Limited Liability Company holds 2.08% or 392,430 shares. Jpmorgan Chase And has invested 0.09% in QUALCOMM Incorporated (NASDAQ:QCOM). Loring Wolcott & Coolidge Fiduciary Advsr Ltd Liability Partnership Ma holds 0.23% or 226,987 shares in its portfolio. Manchester Cap Limited Liability Com holds 0.23% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 28,033 shares. Park Circle holds 10,900 shares or 0.32% of its portfolio. Illinois-based Dearborn Prtn Ltd has invested 1.66% in QUALCOMM Incorporated (NASDAQ:QCOM). Kentucky Retirement System has 0.36% invested in QUALCOMM Incorporated (NASDAQ:QCOM).

Papp L Roy & Associates, which manages about $782.06M and $462.54 million US Long portfolio, upped its stake in Analog Devices Inc (NASDAQ:ADI) by 8,228 shares to 30,835 shares, valued at $2.66M in 2017Q3, according to the filing. It also increased its holding in Stryker Corp (NYSE:SYK) by 2,285 shares in the quarter, for a total of 45,063 shares, and has risen its stake in Vantiv Inc (NYSE:VNTV).

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on January, 24. They expect $0.77 earnings per share, down 27.36% or $0.29 from last year’s $1.06 per share. QCOM’s profit will be $1.14 billion for 21.23 P/E if the $0.77 EPS becomes a reality. After $0.82 actual earnings per share reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -6.10% negative EPS growth.

Among 36 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 15 have Buy rating, 1 Sell and 20 Hold. Therefore 42% are positive. Qualcomm Inc. had 122 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Thursday, August 24. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Friday, September 30 by Mizuho. The rating was downgraded by Standpoint Research to “Hold” on Monday, November 6. The firm has “Underperform” rating by CLSA given on Monday, January 23. RBC Capital Markets maintained the shares of QCOM in report on Monday, October 3 with “Sector Perform” rating. Argus Research maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, September 29 with “Buy” rating. On Wednesday, December 16 the stock rating was maintained by Cowen & Co with “Outperform”. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Thursday, January 14 by Argus Research. Cowen & Co maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Friday, February 12 with “Outperform” rating. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, July 19 report.

Since August 20, 2017, it had 0 buys, and 5 insider sales for $3.11 million activity. Shares for $19,860 were sold by ROGERS ALEXANDER H on Monday, August 28. 4,740 QUALCOMM Incorporated (NASDAQ:QCOM) shares with value of $245,919 were sold by STERLING MICHELLE M.

Sterling Global Strategies Llc, which manages about $288.00M and $24.47 million US Long portfolio, decreased its stake in Spdr S&P 500 Etf Tr (SPY) by 22,755 shares to 3,957 shares, valued at $994,000 in 2017Q3, according to the filing.

Among 52 analysts covering Apple Inc. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 11 Hold. Therefore 77% are positive. Apple Inc. had 344 analyst reports since July 21, 2015 according to SRatingsIntel. The company was downgraded on Thursday, January 19 by OTR Global. The firm earned “Buy” rating on Friday, September 11 by Susquehanna. The stock of Apple Inc. (NASDAQ:AAPL) has “Market Perform” rating given on Tuesday, August 25 by Cowen & Co. Barclays Capital initiated it with “Overweight” rating and $150 target in Wednesday, October 14 report. As per Wednesday, February 1, the company rating was maintained by RBC Capital Markets. Credit Suisse maintained the shares of AAPL in report on Wednesday, October 28 with “Outperform” rating. The stock has “Outperform” rating by Raymond James on Wednesday, July 27. As per Wednesday, December 23, the company rating was maintained by FBR Capital. The company was maintained on Sunday, August 16 by Rosenblatt. Cowen & Co maintained it with “Outperform” rating and $135 target in Friday, October 21 report.

Since August 7, 2017, it had 0 insider purchases, and 12 selling transactions for $93.68 million activity. $5.52M worth of stock was sold by LEVINSON ARTHUR D on Monday, August 7. 5,892 shares valued at $948,612 were sold by Srouji Johny on Monday, August 28. 56,808 shares were sold by SCHILLER PHILIP W, worth $8.79M. $2.42 million worth of stock was sold by Riccio Daniel J. on Thursday, October 5. FEDERIGHI CRAIG sold $9.98M worth of Apple Inc. (NASDAQ:AAPL) on Monday, August 7. $9.78M worth of Apple Inc. (NASDAQ:AAPL) was sold by AHRENDTS ANGELA J.

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