American International Group, Inc. (NYSE:AIG) Chalking Up Volume in Session
- Author: Zachary Reyes May 20, 2017,
May 20, 2017, 12:00
Its share price has grown 4.94% in three months and is down -1.10% for the last five trades. Mitchell Mcleod Pugh & Williams Inc.'s holdings in QUALCOMM were worth $433,000 at the end of the most recent reporting period. Bank of Nova Scotia increased its stake in QUALCOMM by 1,364.5% in the first quarter. The average analysts gave this company a mean recommendation of 2.00. Braver Wealth Management Ltd Liability Company invested in 9,543 shares or 0.1% of the stock. Penn Davis Mcfarland Inc sold 37,299 shares as Kinder Morgan Inc. American National Bank now owns 2,825 shares of the wireless technology company's stock worth $162,000 after buying an additional 822 shares in the last quarter. During the same period in the prior year, the firm earned $1.04 earnings per share. Finally, Adalta Capital Management LLC bought a new stake in QUALCOMM during the first quarter valued at $3,349,000. Argus Research maintained the stock with "Buy" rating in Tuesday, November 10 report. Qualcomm Inc now has $86.31 billion valuation. (NASDAQ:QCOM) traded up 1.17% during trading on Friday, reaching $55.32. QUALCOMM has a 1-year low of $50.84 and a 1-year high of $71.62. The 20-day may be of analytical benefit to a shorter-term trader since it follows the price more closely, and therefore produces less "lag" than the longer-term moving average. Beta can be useful to gauge stock price volatility in relation to the broader market. QUALCOMM also was the recipient of unusually large options trading activity on Friday. This represents an increase of approximately 364% compared to the average volume of 11,084 call options. Zacks Investment Research's earnings per share averages are an average based on a survey of research analysts that that provide coverage for QUALCOMM.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, April 19th. According to the earnings report released for Quarter Ending_Mar-17, The Company posted actual earnings of $0.17 per share whereas the Analysts projected earnings were $0.18 per share. The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.86 billion. The company's revenue was up 8.1% compared to the same quarter past year. Similarly, full-year EPS forecasts have ranged between $0.61 and $0.84.
Among 17 analysts covering Kinder Morgan (NYSE:KMI), 11 have Buy rating, 0 Sell and 6 Hold.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st.
Support is likely to come between $31.36/share to $30.87/share level. This is a boost from QUALCOMM's previous quarterly dividend of $0.53. This represents a $2.28 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Friday, May 26th. QUALCOMM's payout ratio is now 64.63%. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of USA & global copyright legislation.
QCOM has been the subject of several research reports. Brean Capital restated a "hold" rating on shares of QUALCOMM in a report on Thursday, January 26th. Instinet decreased their price target on QUALCOMM from $65.00 to $60.00 and set a "neutral" rating on the stock in a research note on Monday, May 8th. (NYSE:AIG). At the time of writing, the First Call consensus price target for the company is $68.43. Finally, Canaccord Genuity reiterated a "buy" rating and issued a $76.00 price target on shares of QUALCOMM in a report on Wednesday, March 8th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. The stock notched a 12-month high of $25.38 while $36.00 target is by far the most aggressive out of analysts who are now evaluating the company, $10.62 higher than the next highest 52-week price estimate. Also, Director Ann M. Livermore purchased 9,000 shares of the firm's stock in a transaction that occurred on Thursday, May 11th. The stock was acquired at an average cost of $54.59 per share, for a total transaction of $491,310.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
In other QUALCOMM news, EVP James H. Thompson sold 25,000 shares of the company's stock in a transaction on Friday, April 21st. And the values below 20 that it is oversold indicate prices could very well bounce upwards. Hedge funds and other institutional investors own 79.28% of the company's stock. The disclosure for this purchase can be found here.