Orbis Investment Management Has Lifted Nike (NKE) Position by $551,366; Pineno Levin & Ford Asset Management Position in Qualcomm (QCOM) Lowered by $1.49 Million as Share Price Declined

April 21, 2018 - By Adrian Mccoy

NIKE, Inc. (NYSE:NKE) Logo

Pineno Levin & Ford Asset Management Inc decreased its stake in Qualcomm Inc (QCOM) by 45.78% based on its latest 2017Q4 regulatory filing with the SEC. Pineno Levin & Ford Asset Management Inc sold 23,273 shares as the company’s stock declined 15.28% with the market. The institutional investor held 27,564 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $1.77M, down from 50,837 at the end of the previous reported quarter. Pineno Levin & Ford Asset Management Inc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $76.15 billion market cap company. The stock decreased 2.15% or $1.13 during the last trading session, reaching $51.44. About 10.81 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since April 21, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

William B. Gray increased its stake in Nike Inc (NKE) by 6.97% based on its latest 2017Q4 regulatory filing with the SEC. Orbis Investment Management bought 8,893 shares as the company’s stock rose 4.55% while stock markets declined. The hedge fund run by William B. Gray held 136,508 shares of the consumer non-durables company at the end of 2017Q4, valued at $8.54 million, up from 127,615 at the end of the previous reported quarter. Orbis Investment Management who had been investing in Nike Inc for a number of months, seems to be bullish on the $106.52 billion market cap company. The stock increased 0.55% or $0.36 during the last trading session, reaching $66.09. About 10.40M shares traded or 28.33% up from the average. NIKE, Inc. (NYSE:NKE) has risen 18.31% since April 21, 2017 and is uptrending. It has outperformed by 6.76% the S&P500.

Since December 11, 2017, it had 0 insider purchases, and 8 insider sales for $45.81 million activity. $7.94M worth of NIKE, Inc. (NYSE:NKE) was sold by Slusher John F on Tuesday, January 2. $9.45 million worth of NIKE, Inc. (NYSE:NKE) shares were sold by PARKER MARK G. SPRUNK ERIC D sold $6.77M worth of stock or 100,000 shares. Shares for $6.85M were sold by EDWARDS TREVOR A.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 25 have Buy rating, 2 Sell and 17 Hold. Therefore 57% are positive. Nike Inc. had 233 analyst reports since July 29, 2015 according to SRatingsIntel. Instinet maintained the shares of NKE in report on Thursday, March 23 with “Buy” rating. Canaccord Genuity maintained NIKE, Inc. (NYSE:NKE) on Wednesday, March 23 with “Hold” rating. Goldman Sachs maintained it with “Buy” rating and $76 target in Wednesday, March 23 report. The firm has “Outperform” rating by Credit Suisse given on Wednesday, March 23. Canaccord Genuity maintained the stock with “Hold” rating in Thursday, October 13 report. The firm has “Hold” rating by Cowen & Co given on Wednesday, January 31. The company was maintained on Wednesday, June 29 by Brean Capital. The firm has “Hold” rating given on Friday, December 22 by Piper Jaffray. The rating was upgraded by Morgan Stanley to “Overweight” on Thursday, July 20. The stock has “Buy” rating by UBS on Monday, December 12.

Investors sentiment decreased to 0.74 in 2017 Q4. Its down 0.06, from 0.8 in 2017Q3. It dropped, as 70 investors sold NKE shares while 501 reduced holdings. 109 funds opened positions while 312 raised stakes. 1.01 billion shares or 2.95% more from 985.62 million shares in 2017Q3 were reported. Condor Cap Mngmt reported 23,960 shares. Sns Gp Lc has 0.9% invested in NIKE, Inc. (NYSE:NKE) for 60,098 shares. Maplelane Capital Limited Liability Corp owns 1 shares. Bankshares Of Nova Scotia holds 0.1% of its portfolio in NIKE, Inc. (NYSE:NKE) for 337,031 shares. Montag A & Assocs has 37,916 shares for 0.23% of their portfolio. Gillespie Robinson And Grimm accumulated 3.51% or 444,740 shares. Lourd Capital stated it has 0.04% of its portfolio in NIKE, Inc. (NYSE:NKE). Argent Co holds 12,747 shares or 0.31% of its portfolio. Mcf Advisors Ltd Liability invested 0.05% of its portfolio in NIKE, Inc. (NYSE:NKE). Warren Averett Asset Management Ltd Llc invested 0.11% of its portfolio in NIKE, Inc. (NYSE:NKE). Cue Gp has invested 0.32% in NIKE, Inc. (NYSE:NKE). Connors Investor Inc holds 161,817 shares or 1.46% of its portfolio. Peak Asset Lc reported 0.12% of its portfolio in NIKE, Inc. (NYSE:NKE). Mckinley Carter Wealth Svcs Incorporated owns 8,010 shares. Montrusco Bolton Investments Inc holds 0.15% of its portfolio in NIKE, Inc. (NYSE:NKE) for 45,327 shares.

Orbis Investment Management, which manages about $147.38M US Long portfolio, decreased its stake in Alphabet Inc by 1,389 shares to 2,804 shares, valued at $2.95 million in 2017Q4, according to the filing. It also reduced its holding in Wells Fargo Co New (NYSE:WFC) by 26,334 shares in the quarter, leaving it with 118,847 shares, and cut its stake in Abbvie Inc (NYSE:ABBV).

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on April, 25 after the close. They expect $0.55 earnings per share, down 54.17% or $0.65 from last year’s $1.2 per share. QCOM’s profit will be $814.20M for 23.38 P/E if the $0.55 EPS becomes a reality. After $0.85 actual earnings per share reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -35.29% negative EPS growth.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 2 Sell and 19 Hold. Therefore 43% are positive. Qualcomm Inc. had 145 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was downgraded by Charter Equity to “Mkt Perform” on Tuesday, January 24. Stifel Nicolaus maintained it with “Buy” rating and $65.0 target in Thursday, November 2 report. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Outperform” rating by Northland Capital on Friday, September 15. The firm has “Neutral” rating given on Friday, November 3 by Citigroup. As per Monday, October 3, the company rating was maintained by RBC Capital Markets. The rating was initiated by Pacific Crest with “Overweight” on Friday, December 4. RBC Capital Markets maintained the shares of QCOM in report on Friday, September 29 with “Hold” rating. The rating was maintained by Mizuho with “Neutral” on Thursday, November 5. Susquehanna maintained the shares of QCOM in report on Thursday, June 15 with “Buy” rating. The firm has “Buy” rating by Vetr given on Wednesday, August 19.

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.02, from 0.85 in 2017Q3. It fall, as 89 investors sold QCOM shares while 518 reduced holdings. 160 funds opened positions while 346 raised stakes. 1.11 billion shares or 0.73% more from 1.10 billion shares in 2017Q3 were reported. Amica Retiree reported 8,883 shares stake. River Road Asset Limited has invested 1.06% in QUALCOMM Incorporated (NASDAQ:QCOM). Moreover, Perella Weinberg Ptnrs Management Lp has 0.39% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta accumulated 129,700 shares. Cibc Mkts holds 0.08% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 281,723 shares. Horan Capital Mgmt holds 1.85% or 145,744 shares. National Asset Mgmt reported 0.2% in QUALCOMM Incorporated (NASDAQ:QCOM). Vantage Invest Advisors Ltd Liability Corp reported 0% stake. Keybank Natl Association Oh holds 704,207 shares. Levy Harkins & has 5.28% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Union Natl Bank owns 91,318 shares for 1.81% of their portfolio. Eagle Global Advisors Ltd Liability Com invested in 116,776 shares. Greenwood Cap Assocs Ltd Liability Co invested in 36,113 shares. International Ca holds 0.08% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 8,900 shares. Axa owns 2.99 million shares or 0.75% of their US portfolio.

Pineno Levin & Ford Asset Management Inc, which manages about $237.57M and $240.06 million US Long portfolio, upped its stake in Berkshire Hathaway Inc Del (BRKB) by 2,450 shares to 41,221 shares, valued at $8.17M in 2017Q4, according to the filing. It also increased its holding in Microsoft Corp (NASDAQ:MSFT) by 3,922 shares in the quarter, for a total of 85,230 shares, and has risen its stake in Apple Inc (NASDAQ:AAPL).

Since October 27, 2017, it had 0 insider purchases, and 6 sales for $6.14 million activity. THOMPSON JAMES H sold $3.14 million worth of QUALCOMM Incorporated (NASDAQ:QCOM) on Friday, March 9. The insider ROGERS ALEXANDER H sold 1,180 shares worth $78,989.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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