Steinberg Global Asset Management Has Decreased Position in Tjx Cos New (TJX) by $566,772 as Stock Price Declined; Old Mutual Global Index Trackers LTD Has Boosted Position in Cisco Systems (CSCO)

January 23, 2018 - By Richard Conner

Old Mutual Global Index Trackers Ltd increased its stake in Cisco Systems Inc (CSCO) by 5.41% based on its latest 2017Q3 regulatory filing with the SEC. Old Mutual Global Index Trackers Ltd bought 9,700 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 188,907 shares of the technology company at the end of 2017Q3, valued at $6.35 million, up from 179,207 at the end of the previous reported quarter. Old Mutual Global Index Trackers Ltd who had been investing in Cisco Systems Inc for a number of months, seems to be bullish on the $205.95B market cap company. The stock increased 0.90% or $0.37 during the last trading session, reaching $41.66. About 23.00 million shares traded or 10.10% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since January 23, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Steinberg Global Asset Management decreased its stake in Tjx Cos Inc New (TJX) by 45.38% based on its latest 2017Q3 regulatory filing with the SEC. Steinberg Global Asset Management sold 7,764 shares as the company’s stock declined 3.78% while stock markets rallied. The institutional investor held 9,346 shares of the consumer services company at the end of 2017Q3, valued at $689,000, down from 17,110 at the end of the previous reported quarter. Steinberg Global Asset Management who had been investing in Tjx Cos Inc New for a number of months, seems to be less bullish one the $50.24 billion market cap company. The stock increased 0.72% or $0.57 during the last trading session, reaching $79.46. About 4.37M shares traded. The TJX Companies, Inc. (NYSE:TJX) has declined 2.02% since January 23, 2017 and is downtrending. It has underperformed by 18.72% the S&P500.

Steinberg Global Asset Management, which manages about $604.10 million and $680.23M US Long portfolio, upped its stake in Pimco Etf Tr (MINT) by 22,389 shares to 276,505 shares, valued at $28.15M in 2017Q3, according to the filing. It also increased its holding in Lamar Advertising Co New (NASDAQ:LAMR) by 27,868 shares in the quarter, for a total of 66,640 shares, and has risen its stake in Mondelez Intl Inc (NASDAQ:MDLZ).

Since September 1, 2017, it had 0 insider buys, and 1 insider sale for $1.45 million activity.

Among 28 analysts covering The TJX Companies (NYSE:TJX), 24 have Buy rating, 0 Sell and 4 Hold. Therefore 86% are positive. The TJX Companies had 67 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, November 15 by Goldman Sachs. The firm has “Buy” rating by UBS given on Monday, September 11. The rating was maintained by RBC Capital Markets with “Buy” on Monday, October 30. As per Monday, September 18, the company rating was maintained by RBC Capital Markets. As per Tuesday, August 15, the company rating was maintained by BMO Capital Markets. The rating was maintained by Credit Suisse with “Neutral” on Wednesday, August 16. The stock has “Buy” rating by Nomura on Wednesday, November 15. Stifel Nicolaus maintained the shares of TJX in report on Tuesday, August 18 with “Buy” rating. The rating was maintained by Deutsche Bank on Thursday, February 25 with “Buy”. The stock has “Buy” rating by Guggenheim on Thursday, December 14.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.02, from 1.02 in 2017Q2. It turned negative, as 59 investors sold TJX shares while 374 reduced holdings. 104 funds opened positions while 328 raised stakes. 550.02 million shares or 0.12% less from 550.70 million shares in 2017Q2 were reported. Conning stated it has 20,336 shares. Eulav Asset Management reported 1.61% of its portfolio in The TJX Companies, Inc. (NYSE:TJX). Sva Plumb Wealth Ltd Liability has invested 0.24% of its portfolio in The TJX Companies, Inc. (NYSE:TJX). Millennium Ltd Liability holds 0.04% or 368,906 shares. Putnam Invests Ltd holds 0.16% or 920,980 shares in its portfolio. Alphaone Inv Serv Llc owns 976 shares or 0.02% of their US portfolio. Ally holds 0.28% or 20,000 shares in its portfolio. Balyasny Asset Management Limited Liability reported 18,700 shares or 0.01% of all its holdings. 30,835 were reported by Glg Ltd Liability. Mitsubishi Ufj Tru Bk Corp, Japan-based fund reported 1.65M shares. Pittenger And Anderson has 89,853 shares for 0.6% of their portfolio. State Of Alaska Department Of Revenue reported 13,754 shares. Wolverine Asset Mgmt Ltd Liability Corp holds 0.02% of its portfolio in The TJX Companies, Inc. (NYSE:TJX) for 20,643 shares. Moreover, Blair William And Company Il has 0.05% invested in The TJX Companies, Inc. (NYSE:TJX). 16,575 are held by Wg Shaheen And Assocs Dba Whitney And.

Analysts await The TJX Companies, Inc. (NYSE:TJX) to report earnings on February, 28. They expect $1.26 earnings per share, up 22.33% or $0.23 from last year’s $1.03 per share. TJX’s profit will be $796.71 million for 15.77 P/E if the $1.26 EPS becomes a reality. After $1.00 actual earnings per share reported by The TJX Companies, Inc. for the previous quarter, Wall Street now forecasts 26.00% EPS growth.

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.16, from 1.18 in 2017Q2. It dropped, 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. Chemung Canal Comm reported 30,358 shares stake. 25,024 are held by Wall Street Access Asset Mgmt Limited. Hm Payson invested in 936,504 shares or 1.35% of the stock. Signature Finance Mngmt has invested 0.22% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Bell Bancshares owns 121,781 shares. Regentatlantic Cap Limited Liability Company has 1.12% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Stevens First Principles Inv Advisors reported 29,395 shares. Avalon Advisors Ltd holds 1.54% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 1.44M shares. Massachusetts-based Massachusetts Financial Ma has invested 0.35% in Cisco Systems, Inc. (NASDAQ:CSCO). Washington Trust National Bank holds 223,587 shares. Frontier Inv Mgmt, a Texas-based fund reported 364,214 shares. Bingham Osborn Scarborough Lc has invested 0.03% in Cisco Systems, Inc. (NASDAQ:CSCO). Toth Finance Advisory Corporation invested in 2.27% or 266,821 shares. Kempen Mgmt Nv invested in 797,895 shares. Boltwood Capital Mngmt reported 16,250 shares or 0.35% of all its holdings.

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. has $160 highest and $16 lowest target. $36.91’s average target is -11.40% below currents $41.66 stock price. Cisco Systems Inc. had 136 analyst reports since August 4, 2015 according to SRatingsIntel. Zacks downgraded the shares of CSCO in report on Tuesday, August 4 to “Buy” rating. The stock has “Buy” rating by UBS on Thursday, June 16. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Overweight” rating given on Thursday, August 18 by KeyBanc Capital Markets. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Friday, June 30 by Jefferies. Robert W. Baird maintained the stock with “Buy” rating in Friday, October 13 report. Jefferies maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Wednesday, August 17 with “Buy” rating. The firm earned “Overweight” rating on Thursday, August 18 by Piperjaffray. Wells Fargo maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Wednesday, August 5 with “Buy” rating. KeyBanc Capital Markets maintained it with “Buy” rating and $43.0 target in Thursday, January 18 report. Pacific Crest maintained the stock with “Overweight” rating in Wednesday, January 13 report.

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