Wade G W & Cut Its Holding in Qualcomm (QCOM) by $588,160; Dillon & Associates Trimmed Its Enbridge (ENB) Holding as Market Valuation Declined

May 27, 2018 - By Migdalia James

Enbridge Inc. (NYSE:ENB) Logo

Dillon & Associates Inc decreased its stake in Enbridge Inc (ENB) by 18.96% based on its latest 2017Q4 regulatory filing with the SEC. Dillon & Associates Inc sold 12,346 shares as the company’s stock declined 21.20% with the market. The institutional investor held 52,777 shares of the natural gas distribution company at the end of 2017Q4, valued at $2.06 million, down from 65,123 at the end of the previous reported quarter. Dillon & Associates Inc who had been investing in Enbridge Inc for a number of months, seems to be less bullish one the $53.09 billion market cap company. The stock decreased 1.08% or $0.34 during the last trading session, reaching $31.24. About 2.96M shares traded. Enbridge Inc. (NYSE:ENB) has declined 26.13% since May 27, 2017 and is downtrending. It has underperformed by 37.68% the S&P500.

Wade G W & Inc decreased its stake in Qualcomm Inc (QCOM) by 7.48% based on its latest 2017Q4 regulatory filing with the SEC. Wade G W & Inc sold 9,190 shares as the company’s stock declined 15.28% with the market. The institutional investor held 113,687 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $7.28 million, down from 122,877 at the end of the previous reported quarter. Wade G W & Inc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $88.90B market cap company. The stock increased 1.49% or $0.88 during the last trading session, reaching $59.96. About 10.09M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since May 27, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Among 17 analysts covering Enbridge Inc. (NYSE:ENB), 7 have Buy rating, 0 Sell and 10 Hold. Therefore 41% are positive. Enbridge Inc. had 26 analyst reports since August 4, 2015 according to SRatingsIntel. Morgan Stanley maintained Enbridge Inc. (NYSE:ENB) on Friday, November 17 with “Equal-Weight” rating. On Friday, June 23 the stock rating was initiated by J.P. Morgan with “Hold”. Credit Suisse downgraded the shares of ENB in report on Thursday, February 4 to “Neutral” rating. The stock of Enbridge Inc. (NYSE:ENB) has “Overweight” rating given on Tuesday, December 15 by JP Morgan. The stock of Enbridge Inc. (NYSE:ENB) earned “Neutral” rating by Credit Suisse on Tuesday, March 8. IBC maintained Enbridge Inc. (NYSE:ENB) on Tuesday, May 22 with “Buy” rating. The firm has “Neutral” rating by JP Morgan given on Friday, June 23. The rating was maintained by Morgan Stanley on Friday, March 23 with “Equal-Weight”. As per Friday, July 14, the company rating was maintained by Morgan Stanley. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, February 9.

More notable recent Enbridge Inc. (NYSE:ENB) news were published by: Fool.ca which released: “A High-Yielding Dividend Stock: Is it Worth Taking the Risk?” on May 27, 2018, also Seekingalpha.com with their article: “Enbridge’s Q1: Excellent Improvement On Multiple Fronts” published on May 11, 2018, Seekingalpha.com published: “Spectra Energy Partners -3% after Enbridge’s disappointing offer” on May 18, 2018. More interesting news about Enbridge Inc. (NYSE:ENB) were released by: Seekingalpha.com and their article: “Enbridge Q1 2018 Earnings Results Analysis” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Enbridge’s Restructuring: Who Wins? Who Loses?” with publication date: May 18, 2018.

Analysts await Enbridge Inc. (NYSE:ENB) to report earnings on August, 2. They expect $0.38 EPS, up 26.67% or $0.08 from last year’s $0.3 per share. ENB’s profit will be $645.77M for 20.55 P/E if the $0.38 EPS becomes a reality. After $0.82 actual EPS reported by Enbridge Inc. for the previous quarter, Wall Street now forecasts -53.66% negative EPS growth.

Dillon & Associates Inc, which manages about $242.35 million and $265.22 million US Long portfolio, upped its stake in Euronet Worldwide Inc (NASDAQ:EEFT) by 4,755 shares to 27,245 shares, valued at $2.29 million in 2017Q4, according to the filing.

Wade G W & Inc, which manages about $4.63B and $870.98M US Long portfolio, upped its stake in Honeywell Intl Inc (NYSE:HON) by 11,626 shares to 112,499 shares, valued at $17.25M in 2017Q4, according to the filing. It also increased its holding in Wisdomtree Tr (DLN) by 12,252 shares in the quarter, for a total of 332,927 shares, and has risen its stake in Ishares Tr (IVV).

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.02, from 0.85 in 2017Q3. It dived, 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. Tdam Usa Inc has 100,625 shares for 0.37% of their portfolio. Assetmark has 0.08% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 125,077 shares. Union Bank & Trust Corporation has invested 1.81% in QUALCOMM Incorporated (NASDAQ:QCOM). Greenwood Capital Ltd Liability stated it has 0.54% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Miracle Mile Llc has invested 0.07% in QUALCOMM Incorporated (NASDAQ:QCOM). Sg Americas Securities Limited Company has 0.24% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Jacobs & Ca reported 8,272 shares. Fjarde Ap, Alabama-based fund reported 419,190 shares. Eagleclaw Capital Managment Ltd Com owns 23,915 shares for 0.77% of their portfolio. Moreover, Northeast Investment Mngmt has 0.02% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Fiduciary Trust Com has invested 0.09% in QUALCOMM Incorporated (NASDAQ:QCOM). M&T National Bank holds 0.43% or 1.30 million shares. The Oklahoma-based Inc Ok has invested 0.74% in QUALCOMM Incorporated (NASDAQ:QCOM). Wilbanks Smith & Thomas Asset Mgmt Ltd Llc holds 0.13% or 25,953 shares in its portfolio. Hikari Limited owns 3,450 shares.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Fool.com which released: “Is It Time to Get Greedy With NXP Semiconductors NV Stock?” on May 25, 2018, also Seekingalpha.com with their article: “Qualcomm: Path To Higher Profits” published on May 02, 2018, Investorplace.com published: “Why NXP Semiconductors Stock Is Soaring Today” on May 14, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Nasdaq.com and their article: “Qualcomm Is Reportedly Giving Up on Server Chips” published on May 10, 2018 as well as Seekingalpha.com‘s news article titled: “Qualcomm: Why It’s A Bargain Right Now” with publication date: May 03, 2018.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 15 have Buy rating, 2 Sell and 20 Hold. Therefore 41% are positive. Qualcomm Inc. had 157 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, August 19 by Vetr. The firm has “Hold” rating given on Wednesday, November 29 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, November 19 report. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by Mizuho on Tuesday, October 31. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, April 19 report. BMO Capital Markets maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Monday, August 21 with “Hold” rating. Rosenblatt downgraded QUALCOMM Incorporated (NASDAQ:QCOM) on Wednesday, April 19 to “Neutral” rating. The firm has “Hold” rating by Wells Fargo given on Monday, November 6. The firm has “Neutral” rating given on Monday, January 23 by Instinet. BMO Capital Markets downgraded the shares of QCOM in report on Friday, July 15 to “Underperform” rating.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on July, 18. They expect $0.58 earnings per share, down 17.14% or $0.12 from last year’s $0.7 per share. QCOM’s profit will be $859.92 million for 25.84 P/E if the $0.58 EPS becomes a reality. After $0.67 actual earnings per share reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -13.43% negative EPS growth.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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