Wilbanks Smith & Thomas Asset Management Has Lowered Holding in Qualcomm (QCOM) by $2.43 Million; As At&T (T) Stock Value Declined, First Citizens Bank & Trust Co Decreased Its Holding

April 24, 2018 - By Dolores Ford

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Robert Rodriguez decreased its stake in At&T Inc (T) by 8.82% based on its latest 2017Q4 regulatory filing with the SEC. First Citizens Bank & Trust Co sold 20,677 shares as the company’s stock declined 10.37% with the market. The hedge fund run by Robert Rodriguez held 213,884 shares of the telecommunications equipment company at the end of 2017Q4, valued at $8.32M, down from 234,561 at the end of the previous reported quarter. First Citizens Bank & Trust Co who had been investing in At&T Inc for a number of months, seems to be less bullish one the $227.33 billion market cap company. The stock increased 0.32% or $0.11 during the last trading session, reaching $35. About 19.41M shares traded. AT&T Inc. (NYSE:T) has declined 15.88% since April 24, 2017 and is downtrending. It has underperformed by 27.43% the S&P500.

Wilbanks Smith & Thomas Asset Management Llc decreased its stake in Qualcomm Inc (QCOM) by 59.42% based on its latest 2017Q4 regulatory filing with the SEC. Wilbanks Smith & Thomas Asset Management Llc sold 38,002 shares as the company’s stock declined 15.28% with the market. The institutional investor held 25,953 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $1.66M, down from 63,955 at the end of the previous reported quarter. Wilbanks Smith & Thomas Asset Management Llc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $73.93 billion market cap company. The stock decreased 1.17% or $0.59 during the last trading session, reaching $49.94. About 10.42 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since April 24, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.02, from 0.85 in 2017Q3. It turned negative, as 89 investors sold QCOM shares while 518 reduced holdings. 160 funds opened positions while 346 raised stakes. 1.11 billion shares or 0.73% more from 1.10 billion shares in 2017Q3 were reported. Eagle Ridge Invest Mngmt reported 80,319 shares or 0.79% of all its holdings. Annex Advisory Svcs Ltd Liability invested in 0.23% or 18,911 shares. Narwhal Capital Management has invested 0.75% in QUALCOMM Incorporated (NASDAQ:QCOM). Cypress Cap Mgmt Ltd Company (Wy) reported 0.02% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). 12,500 were reported by Assets Inv Mngmt Lc. Invesco stated it has 0.58% in QUALCOMM Incorporated (NASDAQ:QCOM). Deprince Race And Zollo Inc reported 0.69% in QUALCOMM Incorporated (NASDAQ:QCOM). B And T Dba Alpha stated it has 38,961 shares or 1.18% of all its holdings. Nomura has 822,365 shares. Liberty Capital Incorporated holds 0.01% or 150 shares in its portfolio. Atlantic Trust Grp Limited Co holds 2.26 million shares. Ferguson Wellman Cap reported 7,300 shares. Excalibur Mgmt Corporation has 13,687 shares. Wilbanks Smith Thomas Asset Lc reported 25,953 shares. The Florida-based Dreman Value L L C has invested 0.91% in QUALCOMM Incorporated (NASDAQ:QCOM).

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on April, 25 after the close. They expect $0.55 EPS, down 54.17% or $0.65 from last year’s $1.2 per share. QCOM’s profit will be $814.20M for 22.70 P/E if the $0.55 EPS becomes a reality. After $0.85 actual EPS reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -35.29% negative EPS growth.

Wilbanks Smith & Thomas Asset Management Llc, which manages about $2.31B and $1.26B US Long portfolio, upped its stake in Guggenheim S&P Ew Materials (RTM) by 334,523 shares to 444,373 shares, valued at $50.10M in 2017Q4, according to the filing. It also increased its holding in Ishares Msci Emerg Mkts (EEM) by 34,845 shares in the quarter, for a total of 225,848 shares, and has risen its stake in Wal (NYSE:WMT).

Since October 27, 2017, it had 0 insider buys, and 6 insider sales for $6.14 million activity. Shares for $2.81M were sold by GROB MATTHEW S. On Friday, March 9 the insider THOMPSON JAMES H sold $3.14 million.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 2 Sell and 19 Hold. Therefore 43% are positive. Qualcomm Inc. had 145 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Thursday, November 5 by Canaccord Genuity. On Thursday, July 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. Stifel Nicolaus maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, January 26 with “Buy” rating. As per Wednesday, July 19, the company rating was maintained by Oppenheimer. Brean Capital downgraded the stock to “Hold” rating in Thursday, June 9 report. The stock has “Hold” rating by Topeka Capital Markets on Wednesday, December 16. The firm has “Hold” rating by RBC Capital Markets given on Friday, September 29. The firm has “Underperform” rating given on Monday, January 23 by CLSA. The company was downgraded on Tuesday, January 24 by Charter Equity. Rosenblatt maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, January 28. Rosenblatt has “Buy” rating and $57 target.

Among 31 analysts covering AT&T Inc. (NYSE:T), 12 have Buy rating, 1 Sell and 18 Hold. Therefore 39% are positive. AT&T Inc. had 79 analyst reports since July 27, 2015 according to SRatingsIntel. On Monday, November 14 the stock rating was maintained by Deutsche Bank with “Buy”. Robert W. Baird maintained AT&T Inc. (NYSE:T) rating on Wednesday, September 20. Robert W. Baird has “Buy” rating and $43.0 target. The firm earned “Mkt Perform” rating on Thursday, January 26 by FBR Capital. The firm has “Buy” rating by Citigroup given on Tuesday, July 19. The stock has “Neutral” rating by Bank of America on Thursday, July 13. The stock of AT&T Inc. (NYSE:T) has “Hold” rating given on Tuesday, July 25 by Oppenheimer. Jefferies maintained the stock with “Buy” rating in Thursday, April 7 report. Oppenheimer maintained AT&T Inc. (NYSE:T) on Tuesday, August 8 with “Hold” rating. As per Friday, February 2, the company rating was maintained by Bank of America. The rating was maintained by Wells Fargo on Wednesday, April 12 with “Outperform”.

Investors sentiment decreased to 0.91 in Q4 2017. Its down 0.26, from 1.17 in 2017Q3. It turned negative, as 67 investors sold T shares while 714 reduced holdings. 125 funds opened positions while 589 raised stakes. 3.09 billion shares or 7.58% less from 3.34 billion shares in 2017Q3 were reported. Signalpoint Asset Mgmt Lc holds 34,776 shares. Segment Wealth Llc reported 17,407 shares. Harvest Llc holds 15,000 shares. Narwhal Mngmt holds 0.38% or 42,197 shares. First Long Island Invsts Limited Company, New York-based fund reported 9,229 shares. Alpha Cubed Invs Limited Company holds 0.19% or 36,709 shares in its portfolio. Cliftonlarsonallen Wealth Advsrs Llc stated it has 0.07% of its portfolio in AT&T Inc. (NYSE:T). Tnb stated it has 91,090 shares or 0.66% of all its holdings. Arcadia Invest Mgmt Corp Mi stated it has 0.02% in AT&T Inc. (NYSE:T). Fin Corporation reported 58,769 shares. Wg Shaheen And Associates Dba Whitney And reported 123,352 shares stake. Campbell And Com Invest Adviser Limited Com stated it has 0.57% in AT&T Inc. (NYSE:T). Princeton Portfolio Strategies Gp Inc Limited Liability stated it has 68,103 shares or 0.72% of all its holdings. Automobile Association, Texas-based fund reported 4.80 million shares. Wealth Architects Limited Liability Corporation holds 8,886 shares or 0.11% of its portfolio.

Analysts await AT&T Inc. (NYSE:T) to report earnings on April, 25 after the close. They expect $0.87 EPS, up 17.57% or $0.13 from last year’s $0.74 per share. T’s profit will be $5.65 billion for 10.06 P/E if the $0.87 EPS becomes a reality. After $0.78 actual EPS reported by AT&T Inc. for the previous quarter, Wall Street now forecasts 11.54% EPS growth.

First Citizens Bank & Trust Co, which manages about $743.86 million US Long portfolio, upped its stake in Ishares Tr (EMB) by 4,558 shares to 6,787 shares, valued at $788,000 in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (IEFA) by 11,657 shares in the quarter, for a total of 139,204 shares, and has risen its stake in Kimberly Clark Corp (NYSE:KMB).

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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By1 Dolores Ford

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