Duncker Streett & Company Has Lowered Its Qualcomm (QCOM) Position by $363,840 as Market Value Declined; As Markel (MKL) Stock Price Rose, Holder Conestoga Capital Advisors Cut by $313,225 Its Holding

April 22, 2018 - By Adrian Mccoy

Markel Corporation (NYSE:MKL) Logo

Conestoga Capital Advisors Llc decreased its stake in Markel Corp (MKL) by 11.83% based on its latest 2017Q4 regulatory filing with the SEC. Conestoga Capital Advisors Llc sold 275 shares as the company’s stock rose 1.98% while stock markets declined. The institutional investor held 2,050 shares of the property-casualty insurers company at the end of 2017Q4, valued at $2.34M, down from 2,325 at the end of the previous reported quarter. Conestoga Capital Advisors Llc who had been investing in Markel Corp for a number of months, seems to be less bullish one the $16.03B market cap company. The stock decreased 0.18% or $2.09 during the last trading session, reaching $1153.08. About 16,662 shares traded. Markel Corporation (NYSE:MKL) has risen 20.36% since April 22, 2017 and is uptrending. It has outperformed by 8.81% the S&P500.

Duncker Streett & Company Inc decreased its stake in Qualcomm Inc (QCOM) by 15.53% based on its latest 2017Q4 regulatory filing with the SEC. Duncker Streett & Company Inc sold 5,685 shares as the company’s stock declined 15.28% with the market. The institutional investor held 30,913 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $1.98 million, down from 36,598 at the end of the previous reported quarter. Duncker Streett & Company Inc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $76.15B market cap company. The stock decreased 2.15% or $1.13 during the last trading session, reaching $51.44. About 10.81M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since April 22, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Investors sentiment decreased to 0.83 in Q4 2017. Its down 0.02, from 0.85 in 2017Q3. It dropped, 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. Cwm Limited Liability Com accumulated 521,174 shares. Farallon Capital Mgmt Limited Liability Company accumulated 789,783 shares. Paradigm Advsr Lc has 82,928 shares. California-based Mirador Capital Ptnrs Ltd Partnership has invested 0.14% in QUALCOMM Incorporated (NASDAQ:QCOM). Lord Abbett & Com Limited Liability Company has 0.38% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 2.10M shares. First Manhattan, a New York-based fund reported 3,302 shares. Synovus Corporation reported 26,766 shares or 0.03% of all its holdings. Employees Retirement Systems Of Ohio accumulated 1.03 million shares. Valley Natl Advisers Incorporated holds 0.13% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 5,629 shares. 16,255 were accumulated by Duff & Phelps Investment Mgmt Company. Schnieders Cap Mgmt Ltd Liability Company, a California-based fund reported 4,570 shares. Regions owns 877,895 shares. Tobam stated it has 0.01% in QUALCOMM Incorporated (NASDAQ:QCOM). Tudor Invest Corp Et Al reported 0.08% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Eastern Financial Bank owns 3,534 shares.

Duncker Streett & Company Inc, which manages about $337.79M and $388.99 million US Long portfolio, upped its stake in Alphabet Inc by 804 shares to 3,217 shares, valued at $3.39 million in 2017Q4, according to the filing. It also increased its holding in Apple Inc (NASDAQ:AAPL) by 5,082 shares in the quarter, for a total of 48,658 shares, and has risen its stake in Dowdupont Inc.

Since October 27, 2017, it had 0 insider purchases, and 6 insider sales for $6.14 million activity. THOMPSON JAMES H had sold 50,126 shares worth $3.14M on Friday, March 9. On Tuesday, January 9 the insider GROB MATTHEW S sold $2.81 million.

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 $814.20 million 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. RBC Capital Markets maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Friday, September 29. RBC Capital Markets has “Hold” rating and $55.0 target. As per Friday, September 15, the company rating was upgraded by Northland Capital. Argus Research maintained the stock with “Buy” rating in Thursday, September 29 report. Morgan Stanley maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Monday, March 19. Morgan Stanley has “Underweight” rating and $55 target. Mizuho maintained the stock with “Buy” rating in Wednesday, April 18 report. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Thursday, January 28 by Rosenblatt. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Neutral” rating given on Tuesday, September 8 by JP Morgan. Raymond James maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, July 20 with “Hold” rating. As per Wednesday, August 19, the company rating was upgraded by Vetr. The firm earned “Outperform” rating on Friday, September 30 by Cowen & Co.

Among 5 analysts covering Markel Corporation (NYSE:MKL), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Markel Corporation had 13 analyst reports since August 7, 2015 according to SRatingsIntel. On Wednesday, February 7 the stock rating was maintained by RBC Capital Markets with “Hold”. The company was maintained on Wednesday, February 7 by SunTrust. Boenning & Scattergood maintained it with “Buy” rating and $105000 target in Wednesday, July 26 report. The firm earned “Hold” rating on Thursday, July 27 by RBC Capital Markets. The stock of Markel Corporation (NYSE:MKL) earned “Outperform” rating by William Blair on Thursday, April 14. The stock of Markel Corporation (NYSE:MKL) has “Hold” rating given on Monday, August 28 by RBC Capital Markets. The firm has “Neutral” rating by SunTrust given on Thursday, August 4. RBC Capital Markets downgraded Markel Corporation (NYSE:MKL) on Friday, August 7 to “” rating. The rating was maintained by SunTrust on Friday, October 27 with “Hold”. The firm has “Buy” rating given on Monday, March 19 by William Blair.

Investors sentiment decreased to 1.08 in 2017 Q4. Its down 0.09, from 1.17 in 2017Q3. It worsened, as 23 investors sold MKL shares while 123 reduced holdings. 43 funds opened positions while 114 raised stakes. 10.50 million shares or 0.60% more from 10.44 million shares in 2017Q3 were reported. Thompson Davis & Incorporated owns 0.01% invested in Markel Corporation (NYSE:MKL) for 4 shares. State Of Wisconsin Board stated it has 0.04% of its portfolio in Markel Corporation (NYSE:MKL). 385 are held by Commercial Bank. Epoch Inc has invested 0.07% in Markel Corporation (NYSE:MKL). 533 were reported by Manufacturers Life The. Moreover, Jfs Wealth Advsrs Ltd Liability Corporation has 0% invested in Markel Corporation (NYSE:MKL). Principal has 0.7% invested in Markel Corporation (NYSE:MKL). 904 were accumulated by Sumitomo Mitsui Asset Co. Huntington Bank & Trust holds 0% or 22 shares. Cibc World Incorporated holds 0.03% in Markel Corporation (NYSE:MKL) or 5,414 shares. Zacks Mgmt owns 1,130 shares. Schwab Charles Invest Management holds 0.03% or 28,340 shares in its portfolio. Caisse De Depot Et Placement Du Quebec, a Quebec – Canada-based fund reported 1,800 shares. Mar Vista Inv Prtnrs Ltd Com reported 133,921 shares. Rmb Mngmt Lc invested 0.26% of its portfolio in Markel Corporation (NYSE:MKL).

Since October 26, 2017, it had 1 insider purchase, and 13 sales for $2.48 million activity. Shares for $225,192 were sold by MARKEL STEVEN A. MARKEL ANTHONY F sold 48 shares worth $53,770. Shares for $250,853 were bought by Schewel Michael Jay. Whitt Richard R III sold $219,768 worth of stock.

Conestoga Capital Advisors Llc, which manages about $1.75B and $2.60B US Long portfolio, upped its stake in Rogers Corp (NYSE:ROG) by 62,305 shares to 514,288 shares, valued at $83.27 million in 2017Q4, according to the filing. It also increased its holding in Aaon Inc (NASDAQ:AAON) by 233,535 shares in the quarter, for a total of 1.94M shares, and has risen its stake in Ligand Pharmaceuticals Inc (NASDAQ:LGND).

Analysts await Markel Corporation (NYSE:MKL) to report earnings on April, 25. They expect $8.71 EPS, up 208.87% or $5.89 from last year’s $2.82 per share. MKL’s profit will be $121.06 million for 33.10 P/E if the $8.71 EPS becomes a reality. After $6.64 actual EPS reported by Markel Corporation for the previous quarter, Wall Street now forecasts 31.17% EPS growth.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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