As Wells Fargo (WFC) Share Price Declined, First Fiduciary Investment Counsel Increased Holding by $672,925; Qualcomm (QCOM) Stock Rose While Qualcomm Cut by $903,567 Its Holding

February 19, 2018 - By Clifton Ray

Qualcomm Inc decreased its stake in Qualcomm Inc (QCOM) by 2.35% based on its latest 2017Q3 regulatory filing with the SEC. Qualcomm Inc sold 17,717 shares as the company’s stock rose 2.14% with the market. The institutional investor held 734,830 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $38.09 million, down from 752,547 at the end of the previous reported quarter. Qualcomm Inc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $96.00B market cap company. The stock decreased 0.66% or $0.43 during the last trading session, reaching $64.85. About 11.76 million shares traded or 8.50% up from the average. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since February 19, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

First Fiduciary Investment Counsel Inc increased its stake in Wells Fargo (WFC) by 2.9% based on its latest 2017Q3 regulatory filing with the SEC. First Fiduciary Investment Counsel Inc bought 12,235 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 434,564 shares of the major banks company at the end of 2017Q3, valued at $23.97 million, up from 422,329 at the end of the previous reported quarter. First Fiduciary Investment Counsel Inc who had been investing in Wells Fargo for a number of months, seems to be bullish on the $293.25 billion market cap company. The stock decreased 0.12% or $0.07 during the last trading session, reaching $59.95. About 18.66M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 19, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 8 Sell and 16 Hold. Therefore 38% are positive. Wells Fargo & Company had 131 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Thursday, February 16 by Credit Suisse. RBC Capital Markets maintained Wells Fargo & Company (NYSE:WFC) rating on Wednesday, August 30. RBC Capital Markets has “Buy” rating and $60.0 target. The stock of Wells Fargo & Company (NYSE:WFC) earned “Neutral” rating by Susquehanna on Thursday, December 1. The rating was maintained by Argus Research on Tuesday, January 19 with “Buy”. The firm has “Buy” rating given on Thursday, June 22 by RBC Capital Markets. JP Morgan downgraded the stock to “Underweight” rating in Monday, February 5 report. The firm has “Hold” rating by Jefferies given on Tuesday, June 6. Keefe Bruyette & Woods upgraded the shares of WFC in report on Tuesday, January 12 to “Outperform” rating. The stock has “Sell” rating by J.P. Morgan on Monday, February 5. The stock has “Mkt Perform” rating by FBR Capital on Wednesday, October 19.

Since November 17, 2017, it had 0 insider purchases, and 1 insider sale for $292,234 activity.

Investors sentiment decreased to 0.73 in Q3 2017. Its down 0.15, from 0.88 in 2017Q2. It worsened, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. Covington Capital owns 193,839 shares or 0.71% of their US portfolio. Pinebridge Invs Limited Partnership has invested 1.84% in Wells Fargo & Company (NYSE:WFC). Avalon Limited accumulated 362,542 shares or 0.64% of the stock. River Mercantile Asset Management Llp holds 3.98% or 486,635 shares in its portfolio. Taurus Asset Ltd Liability Corporation reported 2.07% of its portfolio in Wells Fargo & Company (NYSE:WFC). Piedmont Ltd Liability Corporation has 1.03M shares for 1.21% of their portfolio. Moreover, Credit Agricole S A has 0.57% invested in Wells Fargo & Company (NYSE:WFC) for 3.01M shares. Vestor Cap holds 0.14% or 11,407 shares in its portfolio. Brown Brothers Harriman & reported 5.38% in Wells Fargo & Company (NYSE:WFC). Arete Wealth Advisors Limited Liability Co holds 0.23% or 10,488 shares. Pggm Invs reported 3.09 million shares. Granite Prns Ltd Liability accumulated 216,762 shares or 0.74% of the stock. Cheviot Value Mgmt Lc invested in 6,484 shares or 0.19% of the stock. Omers Administration accumulated 6.00 million shares. National Bank & Trust Of Ny Mellon Corp holds 0.63% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 41.68M shares.

Among 36 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 1 Sell and 19 Hold. Therefore 44% are positive. Qualcomm Inc. had 132 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Thursday, July 23 with “Outperform”. On Friday, January 22 the stock rating was upgraded by Northland Capital to “Outperform”. The rating was maintained by KeyBanc Capital Markets with “Buy” on Tuesday, August 22. The stock has “Hold” rating by BMO Capital Markets on Monday, July 10. As per Monday, November 6, the company rating was downgraded by Wells Fargo. The rating was maintained by BMO Capital Markets on Wednesday, July 19 with “Hold”. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Hold” rating by BMO Capital Markets on Monday, November 20. The company was initiated on Thursday, October 22 by Rosenblatt. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by Stifel Nicolaus on Thursday, July 23. Charter Equity downgraded the shares of QCOM in report on Tuesday, January 24 to “Mkt Perform” rating.

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