QUALCOMM Incorporated (QCOM) is Mutual of Omaha Bank Wealth Management’s 6th Largest Position

Mutual of Omaha Bank Wealth Management reduced its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,040 shares of the wireless technology company’s stock after selling 2,921 shares during the period. QUALCOMM accounts for approximately 2.4% of Mutual of Omaha Bank Wealth Management’s investment portfolio, making the stock its 6th largest position. Mutual of Omaha Bank Wealth Management’s holdings in QUALCOMM were worth $7,070,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of QCOM. Jacobi Capital Management LLC raised its stake in shares of QUALCOMM by 10.8% in the first quarter. Jacobi Capital Management LLC now owns 2,567 shares of the wireless technology company’s stock worth $145,000 after buying an additional 250 shares during the period. Alpha Windward LLC raised its stake in shares of QUALCOMM by 6.1% in the second quarter. Alpha Windward LLC now owns 2,680 shares of the wireless technology company’s stock worth $148,000 after buying an additional 153 shares during the period. American National Bank raised its stake in shares of QUALCOMM by 41.0% in the first quarter. American National Bank now owns 2,825 shares of the wireless technology company’s stock worth $162,000 after buying an additional 822 shares during the period. Welch Group LLC raised its stake in shares of QUALCOMM by 2.3% in the first quarter. Welch Group LLC now owns 3,037 shares of the wireless technology company’s stock worth $174,000 after buying an additional 69 shares during the period. Finally, Commonwealth Financial Services LLC raised its stake in shares of QUALCOMM by 499.5% in the first quarter. Commonwealth Financial Services LLC now owns 3,627 shares of the wireless technology company’s stock worth $205,000 after buying an additional 3,022 shares during the period. 76.59% of the stock is owned by hedge funds and other institutional investors.

Shares of QUALCOMM Incorporated (QCOM) traded down 0.82% on Friday, reaching $52.06. 4,775,876 shares of the company traded hands. The firm has a 50-day moving average price of $53.74 and a 200 day moving average price of $55.52. The company has a market capitalization of $76.84 billion, a PE ratio of 19.94 and a beta of 1.29. QUALCOMM Incorporated has a one year low of $51.05 and a one year high of $71.62.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 19th. The wireless technology company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.81 by $0.02. QUALCOMM had a return on equity of 19.64% and a net margin of 17.26%. The company had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same period last year, the company earned $1.16 EPS. QUALCOMM’s revenue for the quarter was down 11.1% on a year-over-year basis. Equities analysts forecast that QUALCOMM Incorporated will post $4.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 30th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Monday, August 28th. This represents a $2.28 annualized dividend and a yield of 4.34%. QUALCOMM’s payout ratio is 87.36%.

Several equities research analysts recently issued reports on the stock. Vetr lowered shares of QUALCOMM from a “buy” rating to a “hold” rating and set a $60.62 price objective for the company. in a research note on Monday, May 22nd. Stifel Nicolaus lifted their price objective on shares of QUALCOMM from $56.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, May 26th. BMO Capital Markets reaffirmed a “market perform” rating on shares of QUALCOMM in a research note on Sunday, May 21st. J P Morgan Chase & Co raised shares of QUALCOMM from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $50.00 to $68.00 in a research note on Monday, May 22nd. Finally, Zacks Investment Research lowered shares of QUALCOMM from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $63.96.

In other QUALCOMM news, EVP Michelle M. Sterling sold 4,740 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $51.88, for a total value of $245,911.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Derek K. Aberle sold 23,104 shares of the firm’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $55.38, for a total value of $1,279,499.52. Following the completion of the transaction, the president now directly owns 5,855 shares in the company, valued at $324,249.90. The disclosure for this sale can be found here. Insiders sold a total of 51,332 shares of company stock valued at $2,875,886 over the last quarter. 0.17% of the stock is owned by corporate insiders.

QUALCOMM Company Profile

QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.