Intel Co. (INTC) Shares Sold by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 11.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,241 shares of the chip maker’s stock after selling 4,196 shares during the period. ZWJ Investment Counsel Inc. owned 688.91% of Intel worth $1,228,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC raised its holdings in Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after buying an additional 1,900 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in shares of Intel by 47.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after acquiring an additional 1,233 shares in the last quarter. Winfield Associates Inc. grew its stake in shares of Intel by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after acquiring an additional 265 shares in the last quarter. Burt Wealth Advisors grew its stake in shares of Intel by 236.1% in the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock worth $166,000 after acquiring an additional 3,471 shares in the last quarter. Finally, Family Capital Trust Co grew its stake in shares of Intel by 350.0% in the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock worth $171,000 after acquiring an additional 3,500 shares in the last quarter. Institutional investors own 67.43% of the company’s stock.

Shares of Intel Co. (INTC) traded up $1.20 during trading hours on Friday, reaching $43.95. Intel Co. has a 52-week low of $33.23 and a 52-week high of $50.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29. The firm has a market capitalization of $205,690.00, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 1.49 and a beta of 1.07.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The business had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. During the same quarter in the previous year, the firm earned $0.79 EPS. Intel’s revenue was up 4.1% on a year-over-year basis. research analysts expect that Intel Co. will post 3.51 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be paid a dividend of $0.30 per share. This is an increase from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Tuesday, February 6th. Intel’s payout ratio is currently 60.61%.

In related news, insider Venkata S. M. Renduchintala sold 17,946 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $49.07, for a total transaction of $880,610.22. Following the completion of the transaction, the insider now directly owns 1,536 shares in the company, valued at approximately $75,371.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,502 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $44.58, for a total value of $66,959.16. Following the completion of the transaction, the insider now directly owns 1,536 shares in the company, valued at $68,474.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 932,755 shares of company stock valued at $41,387,752. Corporate insiders own 0.08% of the company’s stock.

Several equities analysts recently weighed in on INTC shares. Vetr upgraded shares of Intel from a “buy” rating to a “strong-buy” rating and set a $49.90 price target for the company in a research report on Tuesday, October 17th. Goldman Sachs Group restated a “hold” rating on shares of Intel in a research report on Wednesday, October 18th. Stifel Nicolaus increased their price target on shares of Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Needham & Company LLC restated a “buy” rating and set a $43.00 price target on shares of Intel in a research report on Friday, October 27th. Finally, Bank of America upgraded shares of Intel from a “neutral” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Friday, October 27th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company’s stock. Intel has an average rating of “Buy” and a consensus target price of $49.26.

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Intel Company Profile

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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