Cummins (Put) (CMI) Shareholder Capital Fund Management Sa Lowered Holding by $5.66 Million as Share Price Rose; Cisco Systems (CSCO) Valuation Declined While Cohen & Steers Has Lifted Holding

January 14, 2018 - By Louis Casey

Cohen & Steers Inc increased its stake in Cisco Systems Inc. (CSCO) by 8.76% based on its latest 2017Q3 regulatory filing with the SEC. Cohen & Steers Inc bought 38,158 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 473,992 shares of the technology company at the end of 2017Q3, valued at $15.94M, up from 435,834 at the end of the previous reported quarter. Cohen & Steers Inc who had been investing in Cisco Systems Inc. for a number of months, seems to be bullish on the $202.05B market cap company. The stock increased 1.92% or $0.77 during the last trading session, reaching $40.87. About 23.77 million shares traded or 19.09% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since January 14, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Capital Fund Management Sa decreased its stake in Cummins Inc (Put) (CMI) by 78.74% based on its latest 2017Q3 regulatory filing with the SEC. Capital Fund Management Sa sold 33,700 shares as the company’s stock rose 1.30% with the market. The hedge fund held 9,100 shares of the industrial machinery and components company at the end of 2017Q3, valued at $1.53M, down from 42,800 at the end of the previous reported quarter. Capital Fund Management Sa who had been investing in Cummins Inc (Put) for a number of months, seems to be less bullish one the $30.57 billion market cap company. The stock increased 0.15% or $0.28 during the last trading session, reaching $184.18. About 1.47M shares traded or 7.61% up from the average. Cummins Inc. (NYSE:CMI) has risen 43.32% since January 14, 2017 and is uptrending. It has outperformed by 26.62% the S&P500.

Analysts await Cummins Inc. (NYSE:CMI) to report earnings on February, 8. They expect $2.60 earnings per share, up 15.56% or $0.35 from last year’s $2.25 per share. CMI’s profit will be $431.52 million for 17.71 P/E if the $2.60 EPS becomes a reality. After $2.71 actual earnings per share reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -4.06% negative EPS growth.

Among 28 analysts covering Cummins (NYSE:CMI), 7 have Buy rating, 3 Sell and 18 Hold. Therefore 25% are positive. Cummins had 92 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Cummins Inc. (NYSE:CMI) has “Market Perform” rating given on Friday, September 25 by William Blair. The firm has “Neutral” rating given on Thursday, October 12 by Longbow. On Thursday, April 6 the stock rating was initiated by Seaport Global with “Neutral”. The stock of Cummins Inc. (NYSE:CMI) earned “Outperform” rating by Macquarie Research on Wednesday, October 28. The firm has “Hold” rating by Deutsche Bank given on Tuesday, September 22. On Wednesday, December 6 the stock rating was initiated by Oppenheimer with “Buy”. The firm has “Neutral” rating given on Monday, April 18 by Bank of America. The stock of Cummins Inc. (NYSE:CMI) earned “Hold” rating by Piper Jaffray on Friday, December 8. As per Wednesday, November 11, the company rating was maintained by Deutsche Bank. The firm has “Hold” rating given on Thursday, July 14 by Standpoint Research.

Capital Fund Management Sa, which manages about $3.92 billion and $13.91 billion US Long portfolio, upped its stake in Visa Inc (Put) (NYSE:V) by 145,800 shares to 153,500 shares, valued at $16.15 million in 2017Q3, according to the filing. It also increased its holding in Ugi Corp (NYSE:UGI) by 42,900 shares in the quarter, for a total of 48,500 shares, and has risen its stake in Johnson & Johnson (Call) (NYSE:JNJ).

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.09, from 1.01 in 2017Q2. It is positive, as 57 investors sold CMI shares while 253 reduced holdings. 92 funds opened positions while 249 raised stakes. 132.23 million shares or 1.24% more from 130.61 million shares in 2017Q2 were reported. Burke And Herbert Commercial Bank And Tru Communication reported 3,473 shares stake. Murphy Pohlad Asset Mgmt Limited Com accumulated 12,280 shares or 1.43% of the stock. Bb&T Securities Llc reported 0.01% of its portfolio in Cummins Inc. (NYSE:CMI). Kirr Marbach And Limited Company In accumulated 1,519 shares or 0.06% of the stock. Dimensional Fund Advsrs LP reported 0.06% in Cummins Inc. (NYSE:CMI). Nine Chapters Mgmt Ltd Liability Co has invested 0.67% in Cummins Inc. (NYSE:CMI). Chem Fincl Bank reported 9,114 shares. Bessemer Group Inc holds 0% in Cummins Inc. (NYSE:CMI) or 1,186 shares. Blue Chip Ptnrs owns 0.21% invested in Cummins Inc. (NYSE:CMI) for 3,826 shares. 25,070 were accumulated by Kornitzer Capital Management Ks. Peloton Wealth Strategists holds 24,840 shares or 3.22% of its portfolio. Qs Investors Ltd Llc reported 0.01% of its portfolio in Cummins Inc. (NYSE:CMI). Ledyard State Bank has invested 0.05% in Cummins Inc. (NYSE:CMI). Vanguard Group Incorporated holds 0.09% in Cummins Inc. (NYSE:CMI) or 11.10M shares. Patten Group Inc Inc Inc accumulated 803 shares or 0.03% of the stock.

Since August 9, 2017, it had 0 insider purchases, and 1 sale for $260,085 activity.

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.16, from 1.18 in 2017Q2. It turned negative, as 74 investors sold CSCO shares while 637 reduced holdings. 107 funds opened positions while 619 raised stakes. 3.60 billion shares or 0.03% more from 3.60 billion shares in 2017Q2 were reported. Pettyjohn Wood & White invested 1.13% in Cisco Systems, Inc. (NASDAQ:CSCO). Minnesota-based Murphy Pohlad Asset Mgmt Limited Liability has invested 0.47% in Cisco Systems, Inc. (NASDAQ:CSCO). Massachusetts-based Foster Dykema Cabot Ma has invested 0.09% in Cisco Systems, Inc. (NASDAQ:CSCO). Adams Diversified Equity Fund owns 271,900 shares or 0.5% of their US portfolio. Univest Of Pennsylvania has invested 0.26% in Cisco Systems, Inc. (NASDAQ:CSCO). Nikko Asset Mgmt Americas invested 0.04% in Cisco Systems, Inc. (NASDAQ:CSCO). Catawba Cap Mngmt Va holds 1.28% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 168,885 shares. Susquehanna Gru Llp reported 32,521 shares. Sumitomo Life Ins Co invested in 178,245 shares or 0.76% of the stock. Prudential Public Limited Company has 1.21% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 11.42 million shares. First Commonwealth Financial Pa accumulated 26,634 shares or 1.02% of the stock. Richard Bernstein Advsrs Ltd Com holds 0.63% or 269,441 shares in its portfolio. Fiduciary Fincl Services Of The Southwest Tx holds 0.38% or 38,048 shares. South Dakota Inv Council holds 0.17% or 254,516 shares in its portfolio. Staley Cap Advisers has 3.06% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 1.11 million shares.

Cohen & Steers Inc, which manages about $36.65B US Long portfolio, decreased its stake in Consumer Discretionary Selt (XLY) by 11,694 shares to 47,488 shares, valued at $4.28 million in 2017Q3, according to the filing. It also reduced its holding in Equity Commonwealth Pfd. D by 25,000 shares in the quarter, leaving it with 616,303 shares, and cut its stake in Agic Convertible & Income Fd Ii (NCZ).

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. Cowen & Co maintained it with “Buy” rating and $38.0 target in Tuesday, September 5 report. Drexel Hamilton maintained the shares of CSCO in report on Thursday, June 29 with “Buy” rating. Wells Fargo maintained the shares of CSCO in report on Friday, July 21 with “Buy” rating. BMO Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Wednesday, June 28. BMO Capital Markets has “Hold” rating and $3200 target. The firm earned “Hold” rating on Thursday, August 18 by Wunderlich. The rating was maintained by Piper Jaffray with “Buy” on Wednesday, November 15. The company was maintained on Thursday, August 18 by Cowen & Co. William Blair maintained the shares of CSCO in report on Thursday, June 29 with “Buy” rating. The company was maintained on Wednesday, June 21 by J.P. Morgan. The stock has “Buy” rating by Jefferies on Tuesday, September 5.

Since August 23, 2017, it had 0 insider purchases, and 7 sales for $23.51 million activity. $578,740 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by MCGEARY RODERICK C. $7.79 million worth of stock was sold by CHAMBERS JOHN T on Wednesday, August 23. On Monday, September 11 Walker Karen sold $740,883 worth of Cisco Systems, Inc. (NASDAQ:CSCO) or 23,110 shares. The insider BARTZ CAROL sold 200,000 shares worth $7.59M. The insider CHANDLER MARK D sold 65,000 shares worth $2.11 million. Robbins Charles also sold $3.89 million worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, September 11.

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