Intel Co. (INTC) Shares Bought by Whittier Trust Co.
Whittier Trust Co. increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 141.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 586,516 shares of the chip maker’s stock after acquiring an additional 343,690 shares during the period. Intel comprises approximately 0.9% of Whittier Trust Co.’s portfolio, making the stock its 20th biggest holding. Whittier Trust Co.’s holdings in Intel were worth $18,117,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in INTC. Baird Financial Group Inc. grew its holdings in Intel by 5.9% during 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 buying an additional 106,635 shares in the last quarter. BancorpSouth Bank purchased a new position in Intel during the 4th quarter valued at approximately $6,306,000. James Hambro & Partners purchased a new position in shares of Intel in the 4th quarter worth approximately $305,000. Silvercrest Asset Management Group LLC boosted its holdings in shares of Intel by 1.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,297,968 shares of the chip maker’s stock worth $67,598,000 after purchasing an additional 12,285 shares during the period. Finally, Altium Wealth Management LLC boosted 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 worth $1,121,000 after purchasing an additional 5,243 shares during the period. Hedge funds and other institutional investors own 65.33% of the company’s stock.
Shares of NASDAQ INTC opened at $46.66 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.15. The firm has a market cap of $218.29 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 1.33 and a beta of 0.97. Intel Co. has a twelve month low of $36.85 and a twelve month high of $57.60.
The company also recently announced 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 2.57%. The ex-dividend date is Tuesday, November 6th. Intel’s dividend payout ratio (DPR) is presently 34.68%.
INTC has been the subject of a number of recent research reports. KeyCorp dropped their target price on Intel from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Friday, July 27th. Wells Fargo & Co reiterated a “buy” rating and issued a $65.00 target price on shares of Intel in a report on Thursday, June 21st. BidaskClub cut Intel from a “sell” rating to a “strong sell” rating in a report on Friday, September 14th. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 target price on shares of Intel in a report on Friday, July 27th. Finally, Bank of America cut Intel from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $62.00 to $56.00 in a report on Friday, July 27th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-two have given a buy rating to the stock. Intel currently has an average rating of “Hold” and a consensus target price of $55.40.
In other Intel news, EVP Steven Ralph Rodgers sold 2,213 shares of Intel stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $52.43, for a total transaction of $116,027.59. Following the completion of the sale, the executive vice president now directly owns 23,268 shares of the company’s stock, valued at approximately $1,219,941.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Navin Shenoy sold 601 shares of Intel stock in a transaction on Monday, July 30th. The shares were sold at an average price of $47.69, for a total value of $28,661.69. Following the sale, the executive vice president now directly owns 40,903 shares of the company’s stock, valued at $1,950,664.07. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,077 shares of company stock valued at $205,757. 0.03% of the stock is currently owned by corporate insiders.
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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