ZWJ Investment Counsel Inc. Buys 211 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

ZWJ Investment Counsel Inc. increased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 6.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,256 shares of the wireless technology company’s stock after acquiring an additional 211 shares during the period. ZWJ Investment Counsel Inc.’s holdings in QUALCOMM were worth $500,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in shares of QUALCOMM by 20.9% in the second quarter. EverSource Wealth Advisors LLC now owns 6,879 shares of the wireless technology company’s stock valued at $1,370,000 after buying an additional 1,187 shares in the last quarter. DRW Securities LLC lifted its stake in QUALCOMM by 108.3% in the second quarter. DRW Securities LLC now owns 7,942 shares of the wireless technology company’s stock valued at $1,581,000 after acquiring an additional 103,784 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in QUALCOMM by 75.5% in the second quarter. Public Sector Pension Investment Board now owns 43,177 shares of the wireless technology company’s stock valued at $8,600,000 after acquiring an additional 18,577 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of QUALCOMM in the 2nd quarter valued at about $2,983,000. Finally, Xponance Inc. increased its stake in shares of QUALCOMM by 2.5% during the 2nd quarter. Xponance Inc. now owns 283,479 shares of the wireless technology company’s stock worth $56,463,000 after purchasing an additional 6,889 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at QUALCOMM

In other news, insider Alexander H. Rogers sold 10,373 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,665,800.07. Following the completion of the transaction, the insider now directly owns 33,383 shares in the company, valued at approximately $5,360,975.97. This represents a 23.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $165.06, for a total value of $313,779.06. Following the sale, the general counsel now owns 12,007 shares in the company, valued at $1,981,875.42. This represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,882 shares of company stock worth $4,314,649 over the last 90 days. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on QCOM shares. StockNews.com cut QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. Evercore ISI lifted their target price on QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. UBS Group increased their price target on QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Sanford C. Bernstein lifted their price objective on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Susquehanna dropped their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $206.57.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM opened at $164.56 on Tuesday. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $182.83 billion, a PE ratio of 18.30, a PEG ratio of 2.75 and a beta of 1.25. The firm has a 50 day moving average of $158.85 and a 200-day moving average of $168.57. QUALCOMM Incorporated has a 12 month low of $139.26 and a 12 month high of $230.63.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.01 by $0.25. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. On average, equities research analysts predict that QUALCOMM Incorporated will post 9.12 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.07%. QUALCOMM’s dividend payout ratio (DPR) is presently 37.82%.

QUALCOMM Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry 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 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.