Payden & Rygel Has Trimmed Its Position in Qualcomm (QCOM) by $1.91 Million; Montag A & Associates Has Upped Its Discovery Communicatns New Com (DISCA) Position by $1.82 Million; Valuation Declined

August 12, 2018 - By Matthew Richard

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Montag A & Associates Inc increased its stake in Discovery Communicatns New Com (DISCA) by 37.81% based on its latest 2018Q1 regulatory filing with the SEC. Montag A & Associates Inc bought 86,778 shares as the company’s stock declined 11.24% with the market. The institutional investor held 316,286 shares of the consumer services company at the end of 2018Q1, valued at $6.78 million, up from 229,508 at the end of the previous reported quarter. Montag A & Associates Inc who had been investing in Discovery Communicatns New Com for a number of months, seems to be bullish on the $18.59 billion market cap company. The stock decreased 0.42% or $0.11 during the last trading session, reaching $25.99. About 3.05M shares traded. Discovery, Inc. (NASDAQ:DISCA) has declined 12.73% since August 12, 2017 and is downtrending. It has underperformed by 25.30% the S&P500. Some Historical DISCA News: 08/05/2018 – Discovery 1Q Adj EPS 53c; 29/05/2018 – Discovery Presenting at Bank of America Conference Jun 5; 19/04/2018 – DJ Discovery Communications Inc Clas, Inst Holders, 1Q 2018 (DISCA); 17/04/2018 – Discovery President And CEO David Zaslav To Give Keynote Presentation At The J.P. Morgan 2018 Global Technology, Media And Communications Conference; 24/04/2018 – DISCOVERY INC DISCA.O : DEUTSCHE BANK RAISES TO BUY FROM HOLD, RAISES TARGET PRICE TO $34 FROM $27; 18/04/2018 – Discovery Presenting at JPMorgan Conference May 16; 08/05/2018 – Discovery 1Q U.S. Networks Revenue $1.17 Billion; 20/04/2018 – DJ Discovery Communications Inc Clas, Inst Holders, 1Q 2018 (DISCB); 08/05/2018 – DISCOVERY 1Q ADJ OIBDA $697M, EST. $654.0M; 28/03/2018 DISCOVERY INC – CEO DAVID M. ZASLAV’S 2017 TOTAL COMPENSATION WAS $42.2 MLN VS $37.2 MLN IN 2016 – SEC FILING

Payden & Rygel decreased its stake in Qualcomm (QCOM) by 74.2% based on its latest 2018Q1 regulatory filing with the SEC. Payden & Rygel sold 34,800 shares as the company’s stock declined 10.48% with the market. The institutional investor held 12,100 shares of the radio and television broadcasting and communications equipment company at the end of 2018Q1, valued at $670,000, down from 46,900 at the end of the previous reported quarter. Payden & Rygel who had been investing in Qualcomm for a number of months, seems to be less bullish one the $95.23B market cap company. The stock decreased 0.40% or $0.26 during the last trading session, reaching $64.82. About 6.74 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 2.58% since August 12, 2017 and is uptrending. It has underperformed by 9.99% the S&P500. Some Historical QCOM News: 15/03/2018 – With One Battle Over, a Bigger One Looms for Qualcomm: Apple; 09/04/2018 – Qualcomm Releases Final Figures on Board Election; 11/04/2018 – Brain Corp CEO Dr. Eugene lzhikevich to Speak at CONNECT; 07/03/2018 – Dealbook: Broadcom Pledges 5G Investment to Win Qualcomm Deal Approval; 12/03/2018 – Recode Daily: Intel may join the Broadcom-Qualcomm fight Plus, inside Facebook’s massive bet on an AR future; inside Reddit and the conservative Meredith Corporation; and the Museum of Failure is a hit; 27/04/2018 – QUALCOMM EXTENDS NXP TENDER OFFER TO 5 PM ET ON MAY 11; 09/03/2018 – Qualcomm Extends Tender Offer for NXP to March 16; 17/04/2018 – QUALCOMM INC QCOM.O SETS QUARTERLY CASH DIVIDEND OF $0.62/SHR; 13/03/2018 – Tech sector tumbles after the Broadcom-Qualcomm deal is blocked; 05/03/2018 – Qualcomm to Delay Shareholder Meeting 30 Days After CFIUS Order

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Seekingalpha.com which released: “Qualcomm Bouncing Back” on August 09, 2018, also Seekingalpha.com with their article: “NXPI Is ‘Significantly Undervalued’ After Qualcomm Merger Fails” published on July 31, 2018, Fool.com published: “Qualcomm Admits That It Just Lost the iPhone to Intel” on August 03, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Fool.com and their article: “Why Qualcomm, Inc. Stock Rose 14.2% Last Month” published on August 03, 2018 as well as Seekingalpha.com‘s news article titled: “Qualcomm +3.4% on $10B modified Dutch auction” with publication date: July 31, 2018.

Since February 27, 2018, it had 0 buys, and 8 sales for $4.87 million activity. Rosenberg Donald J had sold 11,670 shares worth $618,603. 16,082 shares were sold by AMON CRISTIANO R, worth $852,989. The insider THOMPSON JAMES H sold 50,126 shares worth $3.14M.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 2 Sell and 19 Hold. Therefore 43% are positive. Qualcomm Inc. had 160 analyst reports since July 23, 2015 according to SRatingsIntel. Cowen & Co maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, July 21 with “Outperform” rating. Topeka Capital Markets maintained it with “Hold” rating and $65 target in Thursday, July 23 report. The rating was maintained by BMO Capital Markets on Monday, August 21 with “Hold”. Canaccord Genuity maintained the stock with “Buy” rating in Monday, November 13 report. The rating was maintained by Canaccord Genuity on Thursday, November 5 with “Buy”. On Tuesday, January 16 the stock rating was maintained by Susquehanna with “Buy”. Cowen & Co maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Wednesday, December 16 with “Outperform” rating. Canaccord Genuity maintained it with “Buy” rating and $75 target in Wednesday, October 12 report. Stifel Nicolaus maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Friday, May 26 with “Buy” rating. KeyBanc Capital Markets maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, February 1 with “Overweight” rating.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on November, 7. They expect $0.69 earnings per share, down 15.85% or $0.13 from last year’s $0.82 per share. QCOM’s profit will be $1.01 billion for 23.49 P/E if the $0.69 EPS becomes a reality. After $0.91 actual earnings per share reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -24.18% negative EPS growth.

Investors sentiment decreased to 0.78 in Q1 2018. Its down 0.05, from 0.83 in 2017Q4. It worsened, 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. Letko Brosseau & reported 182,400 shares. The New York-based Locust Wood Capital Advisers Ltd Liability Corp has invested 0.47% in QUALCOMM Incorporated (NASDAQ:QCOM). Oak Associates Oh accumulated 355,591 shares or 1.37% of the stock. Tarbox Family Office Incorporated reported 0.01% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Horan Cap Lc accumulated 38,464 shares. Connor Clark And Lunn Inv Ltd invested in 652,438 shares. 40,400 are owned by Quantres Asset Management Limited. Apriem Advsrs invested 0.07% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Moreover, Gw Henssler And Associates Limited has 1.29% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 232,125 shares. Davenport And Limited Liability Corporation reported 0% in QUALCOMM Incorporated (NASDAQ:QCOM). Credit Suisse Ag has invested 0.16% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Lumina Fund Mngmt Lc holds 100,000 shares. Abner Herrman And Brock Ltd Liability holds 25,430 shares or 0.22% of its portfolio. Com Bancorp invested in 53,413 shares. Fiera holds 20,468 shares or 0.01% of its portfolio.

Payden & Rygel, which manages about $82.81B and $1.23 billion US Long portfolio, upped its stake in Financial Select Sector Spdr (XLF) by 18,100 shares to 81,705 shares, valued at $2.25 million in 2018Q1, according to the filing. It also increased its holding in Abbvie (NYSE:ABBV) by 16,200 shares in the quarter, for a total of 150,600 shares, and has risen its stake in Amgen (NASDAQ:AMGN).

Among 36 analysts covering Discovery Communications (NASDAQ:DISCA), 14 have Buy rating, 2 Sell and 20 Hold. Therefore 39% are positive. Discovery Communications had 104 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by M Partners with “Neutral” on Friday, May 6. The firm has “Hold” rating by Cowen & Co given on Wednesday, August 2. The firm has “Neutral” rating by Macquarie Research given on Wednesday, October 14. The rating was maintained by M Partners on Friday, February 19 with “Neutral”. RBC Capital Markets maintained the shares of DISCA in report on Wednesday, November 16 with “Outperform” rating. The stock of Discovery, Inc. (NASDAQ:DISCA) earned “Hold” rating by KeyBanc Capital Markets on Monday, October 16. Barclays Capital downgraded it to “Equal-Weight” rating and $30 target in Friday, October 16 report. Topeka Capital Markets maintained Discovery, Inc. (NASDAQ:DISCA) on Tuesday, February 16 with “Buy” rating. The firm has “Overweight” rating given on Thursday, May 3 by JP Morgan. The rating was upgraded by Pivotal Research to “Buy” on Tuesday, August 8.

Investors sentiment increased to 2.69 in Q1 2018. Its up 1.82, from 0.87 in 2017Q4. It improved, as 42 investors sold DISCA shares while 92 reduced holdings. 123 funds opened positions while 238 raised stakes. 313.69 million shares or 37.15% more from 228.72 million shares in 2017Q4 were reported. Orrstown Serv Incorporated owns 139 shares or 0% of their US portfolio. Bnp Paribas Arbitrage Sa invested in 642,781 shares. Silchester Int Ltd Liability Partnership holds 118,789 shares. State Street Corporation holds 0.02% in Discovery, Inc. (NASDAQ:DISCA) or 12.05 million shares. Texas Permanent School Fund invested 0.02% in Discovery, Inc. (NASDAQ:DISCA). Nordea Invest Mngmt Ab reported 10,848 shares. Brown Advisory holds 0.01% or 65,862 shares. Beach Counsel Pa has 33,011 shares for 0.07% of their portfolio. Franklin Resource holds 0% or 135,632 shares in its portfolio. Tiaa Cref Investment Mngmt Ltd owns 863,069 shares. Moreover, Price T Rowe Associates Inc Md has 0% invested in Discovery, Inc. (NASDAQ:DISCA) for 537,499 shares. Mackenzie Financial Corporation holds 0.17% or 3.36M shares. Pentwater Capital Mngmt Lp stated it has 0.09% of its portfolio in Discovery, Inc. (NASDAQ:DISCA). Bridgewater Assocs LP reported 0.03% stake. 450 are owned by Salem Inv Counselors Inc.

Montag A & Associates Inc, which manages about $1.25 billion and $971.39 million US Long portfolio, decreased its stake in Marvell Technology Group Ltd O (NASDAQ:MRVL) by 42,960 shares to 40,208 shares, valued at $844,000 in 2018Q1, according to the filing. It also reduced its holding in Select Sector Spdr Tr Sbi Int (XLF) by 27,313 shares in the quarter, leaving it with 322,927 shares, and cut its stake in Fedex Corp (NYSE:FDX).

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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