ZWJ Investment Counsel Inc. Has $626,000 Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

ZWJ Investment Counsel Inc. grew its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,145 shares of the wireless technology company’s stock after acquiring an additional 75 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in QUALCOMM were worth $626,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of QCOM. Alexander Randolph Advisory Inc. acquired a new stake in shares of QUALCOMM during the fourth quarter worth approximately $305,000. City Holding Co. raised its position in shares of QUALCOMM by 3.5% during the first quarter. City Holding Co. now owns 5,884 shares of the wireless technology company’s stock worth $996,000 after purchasing an additional 199 shares during the period. Bard Financial Services Inc. lifted its stake in QUALCOMM by 0.4% in the fourth quarter. Bard Financial Services Inc. now owns 34,790 shares of the wireless technology company’s stock valued at $5,032,000 after buying an additional 125 shares in the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in shares of QUALCOMM in the fourth quarter valued at about $296,000. Finally, BNP Paribas acquired a new position in QUALCOMM during the 1st quarter worth approximately $3,104,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on QCOM. HSBC lowered shares of QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a research note on Wednesday, July 17th. Hsbc Global Res cut shares of QUALCOMM from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. lifted their price objective on shares of QUALCOMM from $170.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Bank of America upped their target price on shares of QUALCOMM from $180.00 to $245.00 and gave the company a “buy” rating in a report on Friday, May 31st. Finally, Barclays lifted their price target on QUALCOMM from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $210.63.

Insider Activity at QUALCOMM

In other news, CTO James H. Thompson sold 8,000 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $199.47, for a total value of $1,595,760.00. Following the completion of the sale, the chief technology officer now owns 237,893 shares of the company’s stock, valued at $47,452,516.71. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction on Monday, July 1st. The shares were sold at an average price of $199.47, for a total transaction of $1,595,760.00. Following the completion of the transaction, the chief technology officer now owns 237,893 shares of the company’s stock, valued at $47,452,516.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $205.61, for a total value of $616,830.00. Following the sale, the chief financial officer now owns 60,343 shares of the company’s stock, valued at $12,407,124.23. The disclosure for this sale can be found here. Insiders sold 19,000 shares of company stock worth $3,496,590 over the last three months. Company insiders own 0.08% of the company’s stock.

QUALCOMM Price Performance

Shares of NASDAQ QCOM traded down $2.57 during mid-day trading on Tuesday, hitting $171.69. 1,327,877 shares of the stock traded hands, compared to its average volume of 9,328,375. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.39 and a quick ratio of 1.78. The company has a market cap of $191.61 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 1.84 and a beta of 1.27. QUALCOMM Incorporated has a twelve month low of $104.33 and a twelve month high of $230.63. The firm has a 50 day simple moving average of $191.58 and a two-hundred day simple moving average of $179.81.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.98%. QUALCOMM’s dividend payout ratio (DPR) is presently 45.70%.

QUALCOMM Company 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.