Bp Plc Has $28.89 Million Stake in Intel Co. (INTC)

Bp Plc lifted its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 581,000 shares of the chip maker’s stock after purchasing an additional 8,000 shares during the quarter. Intel makes up about 0.9% of Bp Plc’s holdings, making the stock its 19th biggest position. Bp Plc’s holdings in Intel were worth $28,887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in INTC. Midwest Professional Planners LTD. grew its position in Intel by 10.7% in the 1st quarter. Midwest Professional Planners LTD. now owns 10,028 shares of the chip maker’s stock worth $522,000 after purchasing an additional 966 shares during the last quarter. Kingfisher Capital LLC grew its position in Intel by 9.6% in the 1st quarter. Kingfisher Capital LLC now owns 11,090 shares of the chip maker’s stock worth $578,000 after purchasing an additional 967 shares during the last quarter. Fiduciary Group LLC grew its position in Intel by 2.9% in the 1st quarter. Fiduciary Group LLC now owns 34,165 shares of the chip maker’s stock worth $1,779,000 after purchasing an additional 969 shares during the last quarter. WealthTrust Fairport LLC grew its position in Intel by 2.9% in the 1st quarter. WealthTrust Fairport LLC now owns 34,782 shares of the chip maker’s stock worth $1,811,000 after purchasing an additional 971 shares during the last quarter. Finally, Schnieders Capital Management LLC grew its position in Intel by 0.8% in the 1st quarter. Schnieders Capital Management LLC now owns 116,518 shares of the chip maker’s stock worth $6,069,000 after purchasing an additional 972 shares during the last quarter. Institutional investors own 65.37% of the company’s stock.

In related news, EVP Steven Ralph Rodgers sold 2,213 shares of Intel stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $52.43, for a total transaction of $116,027.59. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Navin Shenoy sold 601 shares of Intel stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $47.69, for a total transaction of $28,661.69. Following the transaction, 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. Insiders have sold a total of 4,077 shares of company stock valued at $205,757 over the last three months. 0.03% of the stock is currently owned by insiders.

Several analysts have issued reports on INTC shares. Morningstar set a $65.00 price target on shares of Intel and gave the stock a “buy” rating in a research report on Monday, October 1st. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Wednesday, June 27th. BidaskClub lowered shares of Intel from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Morgan Stanley lowered shares of Intel from an “equal” rating to a “weight” rating in a research report on Monday, October 1st. Finally, Nomura restated a “neutral” rating and issued a $50.00 price target on shares of Intel in a research report on Friday, August 10th. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $55.08.

Shares of INTC stock opened at $44.88 on Friday. Intel Co. has a 12-month low of $39.28 and a 12-month high of $57.60. The stock has a market cap of $221.24 billion, a P/E ratio of 12.97, a PEG ratio of 1.35 and a beta of 0.97. The company has a quick ratio of 1.15, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.05. Intel had a net margin of 20.07% and a return on equity of 27.33%. The firm had revenue of $16.96 billion during the quarter, compared to the consensus estimate of $16.78 billion. During the same period last year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. On average, equities research analysts expect that Intel Co. will post 4.15 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.67%. The ex-dividend date is Tuesday, November 6th. Intel’s dividend payout ratio is currently 34.68%.

About Intel

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.

Read More: Stock Symbols, CUSIP and Other Stock Identifiers

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply