Hamlin Capital Management Lifted Its Holding in Qualcomm (QCOM) by $64.96 Million; Capital International Stake in Wells Fargo And Co (WFC) Cut as Stock Price Declined

June 20, 2018 - By Marguerite Chambers

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Capital International Inc decreased its stake in Wells Fargo And Co (WFC) by 25.17% based on its latest 2018Q1 regulatory filing with the SEC. Capital International Inc sold 8,700 shares as the company’s stock declined 8.45% with the market. The institutional investor held 25,860 shares of the major banks company at the end of 2018Q1, valued at $1.36 million, down from 34,560 at the end of the previous reported quarter. Capital International Inc who had been investing in Wells Fargo And Co for a number of months, seems to be less bullish one the $268.40 billion market cap company. It closed at $55.08 lastly. It is down 4.02% since June 20, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: 09/04/2018 – Caren Bohan: Exclusive: U.S. watchdog seeks record fine against Wells Fargo for abuses; 08/05/2018 – Curtiss-Wright at Wells Fargo Industrials Conference Tomorrow; 18/04/2018 – Cummins at Wells Fargo Securities Industrials Conference May 9; 24/04/2018 – GE and Wells Fargo face shareholder calls to end KPMG audits; 15/03/2018 – Jennifer Ablan: Exclusive: Wells Fargo faces sanctions for auto insurance payouts – sources via @PatrickMRucker; 09/04/2018 – New York Post: Wells Fargo could face as much as $1 billion in fines; 24/04/2018 – WELLS FARGO CHAIRMAN BETSY DUKE ADDRESSES SHAREHOLDER MEETING; 09/04/2018 – Jennifer Ablan: Exclusive: U.S. watchdog seeks record fine against Wells Fargo for abuses; 13/04/2018 – Wells Fargo Reports Higher Earnings; 03/04/2018 – Calif Water Svc Grp Raised to Market Perform From Underperform by Wells Fargo




Hamlin Capital Management Llc increased its stake in Qualcomm Inc (QCOM) by 81.06% based on its latest 2018Q1 regulatory filing with the SEC. Hamlin Capital Management Llc bought 1.18M shares as the company’s stock declined 10.48% with the market. The institutional investor held 2.64M shares of the radio and television broadcasting and communications equipment company at the end of 2018Q1, valued at $146.17M, up from 1.46 million at the end of the previous reported quarter. Hamlin Capital Management Llc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $87.03 billion market cap company. The stock decreased 0.84% or $0.5 during the last trading session, reaching $58.7. About 6.65 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 2.58% since June 20, 2017 and is uptrending. It has underperformed by 9.99% the S&P500. Some Historical QCOM News: 16/03/2018 – Jacobs Bid Seen as Highly Unlikely to Go Anywhere; 19/04/2018 – Qualcomm Sets New Deadline for NXP Deal as China Review Drags On; 15/05/2018 – Qualcomm-NXP deal still on hold in China, trade talks with US eyed; 12/03/2018 – SVbizjournal: BREAKING: Trump blocks Broadcom’s proposed Qualcomm buyout, citing national security concerns; 12/03/2018 – Trump halts Broadcom takeover of Qualcomm; 05/03/2018 – BROADCOM REITERATES QUALCOMM DID NOT INFORM ITS OWN STOCKHOLDERS OR BROADCOM OF ITS SECRET, VOLUNTARY UNILATERAL REQUEST FILED ON JANUARY 29, 2018; 06/03/2018 – Broadcom to Qualcomm: We’re coming for you; 12/03/2018 – QUALCOMM RELEASES LETTER FROM U.S. TREASURY ABOUT CFIUS REVIEW; 30/05/2018 – Qualcomm’s new XR1 platform will help take virtual reality mainstream – and untether it from expensive computers; 21/05/2018 – QUALCOMM INC – COMMENCEMENT OF A TRANSACTION TO REPURCHASE FOUR SERIES OF ITS OUTSTANDING NOTES TOTALING $4 BLN

Since January 9, 2018, it had 0 insider purchases, and 9 selling transactions for $7.68 million activity. 11,670 QUALCOMM Incorporated (NASDAQ:QCOM) shares with value of $618,603 were sold by Rosenberg Donald J. On Tuesday, May 8 AMON CRISTIANO R sold $852,989 worth of QUALCOMM Incorporated (NASDAQ:QCOM) or 16,082 shares. Shares for $2.81 million were sold by GROB MATTHEW S on Tuesday, January 9. THOMPSON JAMES H sold $3.14M worth of QUALCOMM Incorporated (NASDAQ:QCOM) on Friday, March 9.

Hamlin Capital Management Llc, which manages about $2.70 billion and $5.17 billion US Long portfolio, decreased its stake in Alps Etf Tr (AMLP) by 157,440 shares to 22,000 shares, valued at $206,000 in 2018Q1, according to the filing.

Investors sentiment decreased to 0.78 in Q1 2018. Its down 0.05, from 0.83 in 2017Q4. It dived, as 104 investors sold QCOM shares while 500 reduced holdings. 100 funds opened positions while 370 raised stakes. 1.11 billion shares or 0.11% less from 1.11 billion shares in 2017Q4 were reported. Hengehold Capital Mngmt Ltd Com holds 0.53% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 36,833 shares. Cranbrook Wealth Mngmt Ltd Llc reported 0% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Pension Service accumulated 1.28 million shares or 0.35% of the stock. Johnson Fincl Gru has 3,577 shares. Polaris Greystone Fincl Grp Limited Liability Com has invested 0% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Liberty Mutual Grp Asset Mngmt reported 0.1% in QUALCOMM Incorporated (NASDAQ:QCOM). Green Square Capital Ltd Com owns 119,907 shares for 1.04% of their portfolio. Connecticut-based Amg Funds Ltd Limited Liability Company has invested 1.05% in QUALCOMM Incorporated (NASDAQ:QCOM). Amundi Pioneer Asset accumulated 1.62 million shares. Huntington State Bank invested 0.1% in QUALCOMM Incorporated (NASDAQ:QCOM). Parnassus Ca holds 9.80M shares or 2.19% of its portfolio. The Virginia-based Old Dominion Management Inc has invested 0.74% in QUALCOMM Incorporated (NASDAQ:QCOM). Papp L Roy & Associate reported 56,135 shares. Destination Wealth Management holds 0.73% or 215,465 shares in its portfolio. Moreover, Dodge Cox has 0% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 5,000 shares.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Nasdaq.com which released: “Microsoft Corporation and Cloud Kings Become Chip Giants” on June 13, 2018, also Seekingalpha.com with their article: “NXP Semiconductors -1.8% after Senate pushback on ZTE ban lift” published on June 12, 2018, Investorplace.com published: “Qualcomm Inc.: End of China Tension Brings Dutch Prize” on May 30, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Seekingalpha.com and their article: “NXP +8.3% on report China has OK’d Qualcomm deal” published on June 14, 2018 as well as Globenewswire.com‘s news article titled: “Hagens Berman Alerts Investors in Qualcomm Incorporated (NASDAQ: QCOM) to the August 7, 2018 Securities Class …” with publication date: June 13, 2018.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 15 have Buy rating, 2 Sell and 20 Hold. Therefore 41% are positive. Qualcomm Inc. had 157 analyst reports since July 23, 2015 according to SRatingsIntel. As per Thursday, April 26, the company rating was maintained by Citigroup. The rating was maintained by Northland Capital with “Market Perform” on Thursday, November 5. Canaccord Genuity maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Friday, August 14 with “Buy” rating. RBC Capital Markets maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, August 24 with “Hold” rating. On Wednesday, April 25 the stock rating was maintained by BMO Capital Markets with “Hold”. Northland Capital maintained the stock with “Buy” rating in Thursday, November 2 report. The firm has “Neutral” rating given on Thursday, July 21 by Mizuho. The company was maintained on Friday, February 12 by Cowen & Co. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, January 16. RBC Capital Markets maintained it with “Hold” rating and $55.0 target in Friday, September 8 report.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 8 Sell and 14 Hold. Therefore 44% are positive. Wells Fargo & Company had 149 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Wells Fargo & Company (NYSE:WFC) has “Neutral” rating given on Wednesday, April 6 by Guggenheim. The rating was downgraded by J.P. Morgan to “Sell” on Monday, February 5. The firm earned “Underweight” rating on Monday, April 16 by Morgan Stanley. UBS initiated Wells Fargo & Company (NYSE:WFC) on Thursday, March 24 with “Sell” rating. The company was maintained on Friday, January 12 by BMO Capital Markets. As per Monday, July 18, the company rating was maintained by Barclays Capital. The company was initiated on Wednesday, July 13 by Berenberg. The company was downgraded on Monday, April 11 by Sandler O’Neill. As per Thursday, April 5, the company rating was upgraded by UBS. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Guggenheim on Thursday, October 15.

Investors sentiment decreased to 0.59 in Q1 2018. Its down 0.16, from 0.75 in 2017Q4. It turned negative, as 108 investors sold WFC shares while 790 reduced holdings. 122 funds opened positions while 412 raised stakes. 3.62 billion shares or 0.62% less from 3.64 billion shares in 2017Q4 were reported. Edge Wealth Ltd Limited Liability Company owns 26,502 shares. Girard Limited has 0.7% invested in Wells Fargo & Company (NYSE:WFC) for 57,149 shares. Gofen & Glossberg Limited Liability Corporation Il accumulated 316,777 shares or 0.62% of the stock. Mississippi-based Trustmark Bank & Trust Tru Department has invested 0.18% in Wells Fargo & Company (NYSE:WFC). Park Natl Oh has 0.45% invested in Wells Fargo & Company (NYSE:WFC) for 149,149 shares. Indiana & Inv Mngmt has invested 0.88% in Wells Fargo & Company (NYSE:WFC). Guardian Cap Advsrs Lp has invested 1.35% in Wells Fargo & Company (NYSE:WFC). Janney Cap Management Lc stated it has 0.02% in Wells Fargo & Company (NYSE:WFC). Albert D Mason Inc has invested 0.18% in Wells Fargo & Company (NYSE:WFC). Osterweis Cap Management Inc holds 0.05% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 12,755 shares. Crestwood Advsr Limited Liability Corporation owns 414,844 shares. The Alabama-based Kistler has invested 0.25% in Wells Fargo & Company (NYSE:WFC). Brinker Cap owns 218,905 shares. Aqr Capital Mgmt Limited Liability Corp accumulated 2.65 million shares. Middleton And Communications Ma stated it has 21,685 shares.

Capital International Inc, which manages about $18.21 billion and $691.77M US Long portfolio, upped its stake in Ctrip.Com Intl Adr (NASDAQ:CTRP) by 671,500 shares to 948,917 shares, valued at $44.24 million in 2018Q1, according to the filing. It also increased its holding in Sempra Energy (NYSE:SRE) by 5,200 shares in the quarter, for a total of 29,880 shares, and has risen its stake in Pgande Corp (NYSE:PCG).

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.12 earnings per share, up 4.67% or $0.05 from last year’s $1.07 per share. WFC’s profit will be $5.46B for 12.29 P/E if the $1.12 EPS becomes a reality. After $1.12 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since May 24, 2018, it had 0 insider buys, and 1 sale for $1.40 million activity.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Seekingalpha.com which released: “Wells Fargo eyes post-Brexit hubs” on June 04, 2018, also Fool.com with their article: “Is Wells Fargo & Company a Buy?” published on June 15, 2018, Bizjournals.com published: “Here’s how much Houston public companies spent on litigation in 2017” on June 20, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Fool.com and their article: “Why Wells Fargo Is Leaving the Midwest Behind” published on June 06, 2018 as well as Bizjournals.com‘s news article titled: “CBJ Morning Buzz: Frustration builds at CLT amid scrapped flights; Wells Fargo to restructure wealth management” with publication date: June 19, 2018.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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