Whitnell & Co. Has $4.63 Million Stock Position in Intel Co. (NASDAQ:INTC)

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Whitnell & Co. grew its stake in shares of Intel Co. (NASDAQ:INTC) by 21.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,753 shares of the chip maker’s stock after purchasing an additional 16,083 shares during the period. Intel makes up 1.5% of Whitnell & Co.’s investment portfolio, making the stock its 17th biggest holding. Whitnell & Co.’s holdings in Intel were worth $4,625,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Intel by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 363,624,758 shares of the chip maker’s stock worth $17,406,717,000 after purchasing an additional 2,219,241 shares in the last quarter. BlackRock Inc. grew its position in Intel by 0.3% in the 2nd quarter. BlackRock Inc. now owns 293,073,773 shares of the chip maker’s stock worth $14,029,440,000 after purchasing an additional 961,771 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Intel by 6.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 30,298,451 shares of the chip maker’s stock worth $1,450,387,000 after purchasing an additional 1,952,840 shares in the last quarter. Morgan Stanley grew its position in shares of Intel by 8.2% during the 2nd quarter. Morgan Stanley now owns 27,543,012 shares of the chip maker’s stock valued at $1,318,484,000 after acquiring an additional 2,081,749 shares during the period. Finally, Fisher Asset Management LLC grew its position in shares of Intel by 1.9% during the 3rd quarter. Fisher Asset Management LLC now owns 27,074,144 shares of the chip maker’s stock valued at $1,395,131,000 after acquiring an additional 516,977 shares during the period. Hedge funds and other institutional investors own 67.21% of the company’s stock.

In related news, Director Frank D. Yeary sold 2,509 shares of Intel stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $56.34, for a total transaction of $141,357.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO George S. Davis purchased 5,458 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average cost of $45.70 per share, with a total value of $249,430.60. Following the completion of the transaction, the chief financial officer now owns 13,276 shares in the company, valued at $606,713.20. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 17,482 shares of company stock valued at $911,044. 0.02% of the stock is currently owned by corporate insiders.

A number of research analysts have recently weighed in on the stock. Barclays increased their target price on shares of Intel from $40.00 to $42.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Atlantic Securities assumed coverage on shares of Intel in a research note on Monday, July 22nd. They set an “underweight” rating and a $38.00 price target on the stock. ValuEngine cut shares of Intel from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. SunTrust Banks upped their price target on shares of Intel from $58.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, UBS Group set a $60.00 price target on shares of Intel and gave the company a “buy” rating in a research note on Friday, October 25th. Nine research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $55.81.

Shares of Intel stock traded up $0.22 on Friday, hitting $58.27. 11,888,800 shares of the company traded hands, compared to its average volume of 22,595,813. Intel Co. has a 12-month low of $42.86 and a 12-month high of $59.59. The company has a market cap of $250.34 billion, a P/E ratio of 12.72, a P/E/G ratio of 1.66 and a beta of 0.93. The firm’s 50-day simple moving average is $52.89 and its 200 day simple moving average is $49.43. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 24th. The chip maker reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.18. Intel had a net margin of 27.46% and a return on equity of 28.28%. The company had revenue of $19.19 billion during the quarter, compared to analysts’ expectations of $18.07 billion. During the same period last year, the company posted $1.40 EPS. Intel’s revenue was up .1% on a year-over-year basis. Analysts predict that Intel Co. will post 4.61 earnings per share for the current year.

Intel declared that its Board of Directors has initiated a share repurchase plan on Thursday, October 24th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the chip maker to repurchase up to 8.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently declared a — dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be given a dividend of $0.315 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a yield of 2.4%. Intel’s dividend payout ratio (DPR) is currently 27.51%.

About Intel

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

Read More: Book Value Of Equity Per Share – BVPS Explained

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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