Cornercap Investment Counsel Upped Stake in Cigna Com (CI); Qualcomm (QCOM) Holder Dillon & Associates Has Lowered Its Stake

May 21, 2018 - By Vivian Park

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Cornercap Investment Counsel Inc increased its stake in Cigna Corporation Com (CI) by 16.84% based on its latest 2017Q4 regulatory filing with the SEC. Cornercap Investment Counsel Inc bought 2,980 shares as the company’s stock declined 18.61% with the market. The institutional investor held 20,680 shares of the medical specialities company at the end of 2017Q4, valued at $4.20M, up from 17,700 at the end of the previous reported quarter. Cornercap Investment Counsel Inc who had been investing in Cigna Corporation Com for a number of months, seems to be bullish on the $43.17 billion market cap company. The stock decreased 0.34% or $0.6 during the last trading session, reaching $177.47. About 529,901 shares traded. Cigna Corporation (NYSE:CI) has risen 13.35% since May 21, 2017 and is uptrending. It has outperformed by 1.80% the S&P500.

Dillon & Associates Inc decreased its stake in Qualcomm (QCOM) by 24.35% based on its latest 2017Q4 regulatory filing with the SEC. Dillon & Associates Inc sold 7,693 shares as the company’s stock declined 15.28% with the market. The institutional investor held 23,903 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $1.53 million, down from 31,596 at the end of the previous reported quarter. Dillon & Associates Inc who had been investing in Qualcomm for a number of months, seems to be less bullish one the $84.64B market cap company. The stock decreased 0.73% or $0.419 during the last trading session, reaching $57.091. About 9.02M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since May 21, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Cornercap Investment Counsel Inc, which manages about $912.27 million and $729.53 million US Long portfolio, decreased its stake in Juniper Networks Inc Com (NYSE:JNPR) by 13,246 shares to 185,807 shares, valued at $5.30M in 2017Q4, according to the filing. It also reduced its holding in American Tower Corp New Com (NYSE:AMT) by 8,282 shares in the quarter, leaving it with 3,330 shares, and cut its stake in General Electric Co Com (NYSE:GE).

Since December 11, 2017, it had 0 insider buys, and 10 insider sales for $17.30 million activity. The insider Cordani David sold $7.05 million. Shares for $1.12M were sold by Jones Nicole S. MURABITO JOHN M sold $1.34 million worth of stock or 6,099 shares. Shares for $37,890 were sold by ZOLLARS WILLIAM D on Wednesday, March 14. HARRIS ISAIAH JR had sold 212 shares worth $44,382 on Monday, December 11. On Friday, March 2 the insider Hocevar Christopher J sold $529,287.

Investors sentiment decreased to 0.91 in 2017 Q4. Its down 0.05, from 0.96 in 2017Q3. It is negative, as 38 investors sold CI shares while 280 reduced holdings. 92 funds opened positions while 197 raised stakes. 208.24 million shares or 0.93% more from 206.32 million shares in 2017Q3 were reported. Reilly Advsr Limited Liability Corporation holds 379 shares or 0.01% of its portfolio. Macquarie holds 0.06% or 157,694 shares in its portfolio. Cornerstone Advsr holds 0.06% or 471 shares. Wesbanco Bancshares reported 0.04% of its portfolio in Cigna Corporation (NYSE:CI). Keybank Association Oh owns 156,151 shares for 0.18% of their portfolio. Robeco Institutional Asset Mngmt Bv invested 0.11% in Cigna Corporation (NYSE:CI). Granite Point Mgmt Limited Partnership holds 0.14% of its portfolio in Cigna Corporation (NYSE:CI) for 7,000 shares. Moreover, Price T Rowe Inc Md has 0.59% invested in Cigna Corporation (NYSE:CI). Johnson Financial Gru reported 1,373 shares. Qci Asset Mngmt invested in 124 shares. Pinebridge Investments Ltd Partnership has 0.41% invested in Cigna Corporation (NYSE:CI). Cordasco Financial Networks holds 177 shares. 2,211 were reported by Pitcairn Company. Lpl Finance Ltd Company holds 0.02% or 30,989 shares. Susquehanna Grp Incorporated Llp reported 3,049 shares stake.

More notable recent Cigna Corporation (NYSE:CI) news were published by: Seekingalpha.com which released: “Cigna (CI) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018, also Investorplace.com with their article: “Even After Earnings Beat, Cigna Corporation Stock Still Looks Stuck” published on May 11, 2018, Thestreet.com published: “The Future of Healthcare Will Have You in Control for a Change: Cigna CEO” on May 01, 2018. More interesting news about Cigna Corporation (NYSE:CI) were released by: Streetinsider.com and their article: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” published on May 15, 2018 as well as Streetinsider.com‘s news article titled: “JANA Shows New Stakes in Apple (AAPL), Boston Scientific (BSX), Dropbox (DBX), iQIYI (IQ) (more..) -13F” with publication date: May 15, 2018.

Among 22 analysts covering CIGNA (NYSE:CI), 18 have Buy rating, 0 Sell and 4 Hold. Therefore 82% are positive. CIGNA had 66 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Monday, September 11. Oppenheimer maintained the stock with “Buy” rating in Thursday, June 15 report. As per Wednesday, January 6, the company rating was maintained by Barclays Capital. The firm earned “Outperform” rating on Friday, February 10 by RBC Capital Markets. The company was maintained on Sunday, July 23 by RBC Capital Markets. The firm has “Buy” rating by Jefferies given on Thursday, November 2. The firm has “Buy” rating given on Friday, January 12 by Jefferies. RBC Capital Markets maintained it with “Outperform” rating and $182 target in Thursday, June 22 report. Jefferies maintained Cigna Corporation (NYSE:CI) on Monday, March 26 with “Buy” rating. The company was initiated on Tuesday, June 28 by Stifel Nicolaus.

Investors sentiment decreased to 0.83 in Q4 2017. Its down 0.02, from 0.85 in 2017Q3. It is negative, 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. Lingohr & Partner Asset Gmbh reported 21,800 shares. Baldwin Investment Management Ltd reported 0.38% stake. Sprucegrove Inv Mngmt Ltd invested in 301,600 shares. Of Toledo Na Oh accumulated 49,703 shares. Calamos Advsrs Lc invested in 0.06% or 190,508 shares. Dodge Cox has 0% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Oppenheimer Asset Management Incorporated has 0.29% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Marco Invest Ltd Company holds 2.81% or 288,210 shares. Van Hulzen Asset Mgmt Limited Co reported 10,565 shares stake. Greenwich Wealth Mngmt Ltd Liability Com has 0.08% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 7,495 shares. River Road Asset Mngmt Limited Liability Corporation owns 875,732 shares. 500 were accumulated by Eidelman Virant Capital. Pekin Singer Strauss Asset Management Il holds 2.27% or 193,174 shares. Northeast Management accumulated 0.02% or 3,727 shares. Pacad Invest Ltd owns 4,795 shares for 0.07% of their portfolio.

Since January 9, 2018, it had 0 buys, and 8 sales for $7.62 million activity. $2.81 million worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by GROB MATTHEW S. Another trade for 662 shares valued at $33,597 was sold by ROGERS ALEXANDER H. $3.14M worth of stock was sold by THOMPSON JAMES H on Friday, March 9. Shares for $852,989 were sold by AMON CRISTIANO R.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 15 have Buy rating, 2 Sell and 20 Hold. Therefore 41% are positive. Qualcomm Inc. had 155 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Mkt Perform” rating by Charter Equity on Tuesday, January 24. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Hold” rating given on Monday, November 6 by Standpoint Research. The rating was maintained by Mizuho with “Buy” on Wednesday, April 18. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Hold” rating given on Tuesday, August 1 by Northland Capital. The stock has “Outperform” rating by RBC Capital Markets on Monday, November 23. UBS maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, April 26 with “Neutral” rating. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Monday, February 19 by RBC Capital Markets. Pacific Crest initiated the shares of QCOM in report on Friday, December 4 with “Overweight” rating. The firm has “Outperform” rating given on Thursday, July 21 by Cowen & Co. The rating was maintained by Canaccord Genuity with “Buy” on Monday, June 26.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Investorplace.com which released: “3 Stocks to Watch on Thursday: Booking Holdings Inc (BKNG), Microsoft Corporation (MSFT) and Qualcomm, Inc …” on May 10, 2018, also Seekingalpha.com with their article: “Qualcomm: Helplessly Hoping” published on April 30, 2018, Nasdaq.com published: “China Eases the Pressure on Qualcomm’s NXP Deal” on May 15, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Seekingalpha.com and their article: “Don’t Sell Micron Technology Because Of Trade War” published on May 21, 2018 as well as Nasdaq.com‘s news article titled: “Qualcomm Is Reportedly Giving Up on Server Chips” with publication date: May 10, 2018.

Dillon & Associates Inc, which manages about $242.35M and $265.22 million US Long portfolio, upped its stake in Disney Walt Co (NYSE:DIS) by 5,060 shares to 60,761 shares, valued at $6.56M in 2017Q4, according to the filing.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on July, 18. They expect $0.58 EPS, down 17.14% or $0.12 from last year’s $0.7 per share. QCOM’s profit will be $859.92 million for 24.61 P/E if the $0.58 EPS becomes a reality. After $0.67 actual EPS reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -13.43% negative EPS growth.

Cigna Corporation (NYSE:CI) Institutional Positions Chart

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