McKinley Carter Wealth Services Inc. Acquires Shares of 17,003 Intel Co. (INTC)

McKinley Carter Wealth Services Inc. acquired a new stake in shares of Intel Co. (NASDAQ:INTC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,003 shares of the chip maker’s stock, valued at approximately $804,000.

Several other institutional investors have also recently modified their holdings of INTC. Linscomb & Williams Inc. lifted its holdings in shares of Intel by 0.7% in the 2nd quarter. Linscomb & Williams Inc. now owns 135,897 shares of the chip maker’s stock valued at $6,755,000 after acquiring an additional 1,007 shares during the last quarter. Adviser Investments LLC lifted its holdings in shares of Intel by 1.2% in the 2nd quarter. Adviser Investments LLC now owns 92,303 shares of the chip maker’s stock valued at $4,588,000 after acquiring an additional 1,062 shares during the last quarter. Albion Financial Group UT lifted its stake in Intel by 1.5% in the second quarter. Albion Financial Group UT now owns 72,208 shares of the chip maker’s stock worth $3,589,000 after purchasing an additional 1,079 shares during the last quarter. Westbourne Investment Advisors Inc. lifted its stake in Intel by 11.5% in the second quarter. Westbourne Investment Advisors Inc. now owns 10,650 shares of the chip maker’s stock worth $529,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Zevin Asset Management LLC lifted its stake in Intel by 1.6% in the third quarter. Zevin Asset Management LLC now owns 69,155 shares of the chip maker’s stock worth $3,270,000 after purchasing an additional 1,115 shares during the last quarter. Hedge funds and other institutional investors own 66.38% of the company’s stock.

Several analysts have issued reports on the stock. BidaskClub downgraded shares of Intel from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Macquarie set a $60.00 price objective on shares of Intel and gave the stock a “buy” rating in a research note on Monday, October 29th. UBS Group downgraded shares of Intel from a “buy” rating to a “hold” rating in a research note on Thursday, November 29th. ValuEngine raised shares of Intel from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. Finally, Evercore ISI reissued a “hold” rating on shares of Intel in a research note on Sunday, October 28th. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $53.76.

In other Intel news, CEO Robert Holmes Swan bought 5,263 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The stock was bought at an average cost of $46.74 per share, for a total transaction of $245,992.62. Following the completion of the transaction, the chief executive officer now directly owns 137,102 shares of the company’s stock, valued at approximately $6,408,147.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Navin Shenoy sold 4,522 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $50.00, for a total transaction of $226,100.00. The disclosure for this sale can be found here. Insiders have sold 18,039 shares of company stock valued at $870,162 over the last 90 days. 0.03% of the stock is currently owned by insiders.

NASDAQ:INTC opened at $48.84 on Monday. Intel Co. has a 12 month low of $42.04 and a 12 month high of $57.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.73 and a quick ratio of 1.30. The firm has a market cap of $228.49 billion, a PE ratio of 10.66, a P/E/G ratio of 1.29 and a beta of 0.74.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.06. Intel had a net margin of 29.72% and a return on equity of 30.08%. The business had revenue of $18.66 billion during the quarter, compared to the consensus estimate of $19.02 billion. During the same period in the previous year, the firm posted $1.08 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts predict that Intel Co. will post 4.5 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 7th will be paid a dividend of $0.315 per share. This is an increase from Intel’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Wednesday, February 6th. Intel’s payout ratio is presently 27.51%.

Intel declared that its board has initiated a share repurchase plan on Thursday, November 15th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the chip maker to repurchase up to 6.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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Intel Profile

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.

Read More: Asset Allocation

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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