Butensky & Cohen Financial Security Inc. Has $2.33 Million Position in Intel Co. (INTC)
Butensky & Cohen Financial Security Inc. lessened its stake in Intel Co. (NASDAQ:INTC) by 7.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,771 shares of the chip maker’s stock after selling 3,725 shares during the period. Intel accounts for about 2.0% of Butensky & Cohen Financial Security Inc.’s portfolio, making the stock its 3rd largest position. Butensky & Cohen Financial Security Inc.’s holdings in Intel were worth $2,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Baird Financial Group Inc. raised its holdings in shares of Intel by 5.9% in the 1st quarter. Baird Financial Group Inc. now owns 1,922,881 shares of the chip maker’s stock valued at $100,143,000 after purchasing an additional 106,635 shares in the last quarter. BancorpSouth Bank bought a new stake in shares of Intel in the 4th quarter valued at about $6,306,000. James Hambro & Partners bought a new stake in shares of Intel in the 4th quarter valued at about $305,000. Altium Wealth Management LLC raised its holdings in shares of Intel by 32.2% in the 1st quarter. Altium Wealth Management LLC now owns 21,523 shares of the chip maker’s stock valued at $1,121,000 after purchasing an additional 5,243 shares in the last quarter. Finally, RPG Investment Advisory LLC raised its holdings in shares of Intel by 460.3% in the 1st quarter. RPG Investment Advisory LLC now owns 9,592 shares of the chip maker’s stock valued at $500,000 after purchasing an additional 7,880 shares in the last quarter. 65.33% of the stock is currently owned by institutional investors.
In other Intel news, EVP Navin Shenoy sold 601 shares of the firm’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $47.69, for a total transaction of $28,661.69. Following the completion of the transaction, the executive vice president now directly owns 40,903 shares of the company’s stock, valued at approximately $1,950,664.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven Ralph Rodgers sold 1,251 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $48.37, for a total transaction of $60,510.87. The disclosure for this sale can be found here. Insiders have sold a total of 4,077 shares of company stock valued at $205,757 over the last three months. 0.03% of the stock is currently owned by insiders.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 26th. The chip maker reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.05. The firm had revenue of $16.96 billion during the quarter, compared to analyst estimates of $16.78 billion. Intel had a net margin of 20.07% and a return on equity of 27.33%. Intel’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm posted $0.72 EPS. analysts expect that Intel Co. will post 4.15 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Tuesday, November 6th. Intel’s dividend payout ratio is presently 34.68%.
INTC has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Wednesday, June 27th. Wells Fargo & Co restated a “buy” rating and issued a $65.00 price target on shares of Intel in a report on Thursday, June 21st. BidaskClub cut shares of Intel from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 12th. Needham & Company LLC lowered their price target on shares of Intel from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, June 22nd. Finally, Robert W. Baird set a $64.00 price target on shares of Intel and gave the company a “buy” rating in a report on Thursday, July 12th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $55.55.
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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