Bartlett & Co. LLC Buys Shares of 816,926 Intel Co. (NASDAQ:INTC)
Bartlett & Co. LLC bought a new stake in shares of Intel Co. (NASDAQ:INTC) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 816,926 shares of the chip maker’s stock, valued at approximately $44,212,000. Intel accounts for 1.3% of Bartlett & Co. LLC’s investment portfolio, making the stock its 20th largest position.
Other institutional investors have also recently bought and sold shares of the company. Princeton Portfolio Strategies Group LLC raised its holdings in shares of Intel by 0.4% in the 4th quarter. Princeton Portfolio Strategies Group LLC now owns 34,092 shares of the chip maker’s stock worth $2,040,000 after purchasing an additional 150 shares in the last quarter. Frisch Financial Group Inc. raised its holdings in shares of Intel by 0.9% during the fourth quarter. Frisch Financial Group Inc. now owns 18,296 shares of the chip maker’s stock valued at $1,095,000 after acquiring an additional 158 shares during the period. Dividend Assets Capital LLC raised its holdings in shares of Intel by 1.1% during the fourth quarter. Dividend Assets Capital LLC now owns 14,390 shares of the chip maker’s stock valued at $861,000 after acquiring an additional 158 shares during the period. Jarislowsky Fraser Ltd raised its holdings in shares of Intel by 0.6% during the fourth quarter. Jarislowsky Fraser Ltd now owns 24,575 shares of the chip maker’s stock valued at $1,470,000 after acquiring an additional 158 shares during the period. Finally, Bull Street Advisors LLC raised its holdings in shares of Intel by 0.5% during the fourth quarter. Bull Street Advisors LLC now owns 31,147 shares of the chip maker’s stock valued at $1,864,000 after acquiring an additional 160 shares during the period. 66.56% of the stock is owned by hedge funds and other institutional investors.
INTC stock traded down $0.80 during mid-day trading on Friday, hitting $58.28. 21,373,268 shares of the company were exchanged, compared to its average volume of 29,405,209. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 1.74. The firm has a market cap of $252.64 billion, a P/E ratio of 11.29, a P/E/G ratio of 1.65 and a beta of 0.82. The firm’s 50 day simple moving average is $57.65 and its 200 day simple moving average is $58.65. Intel Co. has a 1-year low of $42.86 and a 1-year high of $69.29.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 7th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, May 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.26%. Intel’s dividend payout ratio (DPR) is presently 27.10%.
In related news, EVP Steven Ralph Rodgers sold 38,220 shares of the firm’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $60.00, for a total value of $2,293,200.00. Following the completion of the transaction, the executive vice president now directly owns 89,013 shares of the company’s stock, valued at $5,340,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Venkata S. M. Renduchintala sold 46,544 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $60.67, for a total transaction of $2,823,824.48. Following the completion of the transaction, the insider now directly owns 126,240 shares of the company’s stock, valued at $7,658,980.80. The disclosure for this sale can be found here. Insiders sold 118,470 shares of company stock worth $7,005,231 over the last quarter. 0.04% of the stock is owned by corporate insiders.
A number of research firms have recently issued reports on INTC. Credit Suisse Group assumed coverage on shares of Intel in a report on Friday, April 24th. They set a “buy” rating and a $75.00 price target on the stock. Exane BNP Paribas raised shares of Intel from a “neutral” rating to an “outperform” rating and set a $65.00 price objective on the stock in a research report on Tuesday, March 24th. Jefferies Financial Group boosted their price objective on shares of Intel from $53.00 to $62.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. ThinkEquity began coverage on shares of Intel in a research report on Monday, March 16th. They set a “buy” rating on the stock. Finally, Nomura reissued a “buy” rating and issued a $74.00 target price on shares of Intel in a research report on Sunday, April 26th. Six investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-one have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $64.97.
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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