Cisco Systems (CSCO) Holder Lodestar Investment Counsel Boosted Stake; Potash Sask (POT) Stock Price Declined While Duquesne Family Office Trimmed Its Holding

January 16, 2018 - By Vivian Currie

Stanley Druckenmiller decreased its stake in Potash Corp Sask Inc (POT) by 70.87% based on its latest 2017Q3 regulatory filing with the SEC. Duquesne Family Office Llc sold 1.48M shares as the company’s stock declined 11.27% while stock markets rallied. The hedge fund run by Stanley Druckenmiller held 609,900 shares of the agricultural chemicals company at the end of 2017Q3, valued at $11.73 million, down from 2.09 million at the end of the previous reported quarter. Duquesne Family Office Llc who had been investing in Potash Corp Sask Inc for a number of months, seems to be less bullish one the $17.58B market cap company. The stock increased 0.54% or $0.11 during the last trading session, reaching $20.65. About 10.33M shares traded or 209.15% up from the average. Nutrien Ltd. (NYSE:POT) has risen 0.06% since January 16, 2017 and is uptrending. It has underperformed by 16.64% the S&P500.

Lodestar Investment Counsel Llc increased its stake in Cisco Systems (CSCO) by 5.34% based on its latest 2017Q3 regulatory filing with the SEC. Lodestar Investment Counsel Llc bought 9,100 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 179,653 shares of the technology company at the end of 2017Q3, valued at $6.04 million, up from 170,553 at the end of the previous reported quarter. Lodestar Investment Counsel Llc who had been investing in Cisco Systems for a number of months, seems to be bullish on the $202.96 billion market cap company. The stock increased 0.45% or $0.185 during the last trading session, reaching $41.055. About 3.00M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since January 16, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Analysts await Nutrien Ltd. (NYSE:POT) to report earnings on January, 25. They expect $0.07 EPS, 0.00% or $0.00 from last year’s $0.07 per share. POT’s profit will be $59.60M for 73.75 P/E if the $0.07 EPS becomes a reality. After $0.09 actual EPS reported by Nutrien Ltd. for the previous quarter, Wall Street now forecasts -22.22% negative EPS growth.

Among 24 analysts covering Potash Corp (NYSE:POT), 12 have Buy rating, 5 Sell and 7 Hold. Therefore 50% are positive. Potash Corp had 73 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, October 31 by Atlantic Securities. The firm earned “Equal-Weight” rating on Monday, October 5 by Barclays Capital. As per Monday, November 2, the company rating was maintained by JP Morgan. On Tuesday, October 13 the stock rating was upgraded by Bernstein to “Outperform”. The firm has “Underperform” rating by Barclays Capital given on Tuesday, April 19. The company was maintained on Thursday, October 5 by BMO Capital Markets. HSBC downgraded it to “Hold” rating and $24.50 target in Wednesday, October 7 report. Morgan Stanley reinitiated Nutrien Ltd. (NYSE:POT) on Wednesday, March 16 with “Equal-Weight” rating. The firm has “Outperform” rating given on Tuesday, September 13 by CLSA. The stock of Nutrien Ltd. (NYSE:POT) has “Underperform” rating given on Friday, December 9 by Cowen & Co.

Duquesne Family Office Llc, which manages about $2.20 billion US Long portfolio, upped its stake in Priceline Grp Inc (NASDAQ:PCLN) by 11,160 shares to 74,090 shares, valued at $135.65 million in 2017Q3, according to the filing. It also increased its holding in Alphabet Inc by 57,200 shares in the quarter, for a total of 231,850 shares, and has risen its stake in Amazon Com Inc (NASDAQ:AMZN).

Since August 23, 2017, it had 0 insider purchases, and 7 insider sales for $23.51 million activity. BHATT PRAT also sold $821,900 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, September 11. The insider CHANDLER MARK D sold $2.11 million. BARTZ CAROL sold $7.59M worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, December 14. $3.89M worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by Robbins Charles. $7.79M worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by CHAMBERS JOHN T. 23,110 shares were sold by Walker Karen, worth $740,883 on Monday, September 11.

Lodestar Investment Counsel Llc, which manages about $597.87M and $814.07M US Long portfolio, decreased its stake in Union Pacific (NYSE:UNP) by 3,177 shares to 154,038 shares, valued at $17.86M in 2017Q3, according to the filing. It also reduced its holding in Exxon Mobil Corp (NYSE:XOM) by 4,534 shares in the quarter, leaving it with 231,786 shares, and cut its stake in Omnicom Group Inc. (NYSE:OMC).

Among 37 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 24 have Buy rating, 0 Sell and 13 Hold. Therefore 65% are positive. Cisco Systems Inc. had 135 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by Credit Suisse on Wednesday, June 21. As per Wednesday, August 2, the company rating was maintained by Jefferies. Bernstein maintained the stock with “Buy” rating in Tuesday, September 1 report. On Friday, September 23 the stock rating was maintained by Raymond James with “Outperform”. Goldman Sachs maintained the shares of CSCO in report on Thursday, August 13 with “Buy” rating. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Neutral” rating given on Monday, February 8 by Macquarie Research. The rating was maintained by Deutsche Bank on Thursday, February 11 with “Buy”. The company was maintained on Wednesday, June 28 by Oppenheimer. The firm has “Overweight” rating by Barclays Capital given on Thursday, May 19. The rating was initiated by Suntrust Robinson on Tuesday, November 24 with “Buy”.

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