As Cisco Systems (CSCO) Stock Value Declined, Cohen & Steers Raised Its Position; Marathon Pete (MPC) Shares Rose While Macquarie Group LTD Has Upped by $5.65 Million Its Stake

February 17, 2018 - By Pete Kolinski

Macquarie Group Ltd increased its stake in Marathon Pete Corp (MPC) by 395.56% based on its latest 2017Q3 regulatory filing with the SEC. Macquarie Group Ltd bought 100,867 shares as the company’s stock rose 5.52% with the market. The institutional investor held 126,367 shares of the integrated oil company at the end of 2017Q3, valued at $7.09M, up from 25,500 at the end of the previous reported quarter. Macquarie Group Ltd who had been investing in Marathon Pete Corp for a number of months, seems to be bullish on the $33.01B market cap company. The stock increased 0.19% or $0.13 during the last trading session, reaching $67.93. About 3.30 million shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 46.20% since February 17, 2017 and is uptrending. It has outperformed by 29.50% the S&P500.

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 $219.15 billion market cap company. The stock increased 0.57% or $0.25 during the last trading session, reaching $44.33. About 39.27M shares traded or 51.07% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since February 17, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Macquarie Group Ltd, which manages about $55.75B US Long portfolio, decreased its stake in Merit Med Sys Inc (NASDAQ:MMSI) by 26,129 shares to 1.10M shares, valued at $46.43 million in 2017Q3, according to the filing. It also reduced its holding in Pgt Innovations Inc (NASDAQ:PGTI) by 27,075 shares in the quarter, leaving it with 100,989 shares, and cut its stake in Rockwell Collins Inc (NYSE:COL).

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.14, from 1.05 in 2017Q2. It turned negative, as 52 investors sold MPC shares while 292 reduced holdings. 85 funds opened positions while 227 raised stakes. 380.18 million shares or 0.85% less from 383.45 million shares in 2017Q2 were reported. Clear Harbor Asset Management Limited Liability invested 0.2% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Driehaus Mgmt Limited Company reported 6,861 shares. North Star Asset Incorporated invested in 4,972 shares or 0.03% of the stock. Credit Suisse Ag has invested 0.06% in Marathon Petroleum Corporation (NYSE:MPC). Weaver C Barksdale And Assocs holds 1.6% or 25,591 shares in its portfolio. Charter accumulated 15,448 shares. 35,218 are owned by Cambridge Investment Research Advsrs Incorporated. 4.74 million were reported by Bancorporation Of Mellon. Us Comml Bank De reported 1.28 million shares. Incline Global Mgmt Limited Liability Company invested in 93,680 shares. Moreover, Manning Napier Advsr Limited Liability Corporation has 0.05% invested in Marathon Petroleum Corporation (NYSE:MPC) for 96,584 shares. 20,000 were reported by Nj State Employees Deferred Compensation Plan. 34,412 were reported by Gateway Advisers Limited Liability. Rdl Financial Inc reported 4,532 shares. Old Mutual Customised Solutions (Proprietary) reported 28,095 shares.

Among 19 analysts covering Marathon Petroleum Corp (NYSE:MPC), 13 have Buy rating, 1 Sell and 5 Hold. Therefore 68% are positive. Marathon Petroleum Corp had 75 analyst reports since August 10, 2015 according to SRatingsIntel. Jefferies maintained Marathon Petroleum Corporation (NYSE:MPC) on Friday, August 25 with “Buy” rating. RBC Capital Markets maintained it with “Top Pick” rating and $58 target in Thursday, February 4 report. The stock of Marathon Petroleum Corporation (NYSE:MPC) has “Buy” rating given on Wednesday, July 5 by RBC Capital Markets. The rating was upgraded by JP Morgan on Wednesday, August 26 to “Overweight”. As per Tuesday, August 23, the company rating was initiated by Jefferies. The firm has “Neutral” rating by UBS given on Wednesday, November 15. The stock of Marathon Petroleum Corporation (NYSE:MPC) has “Strong-Buy” rating given on Tuesday, August 11 by Vetr. As per Thursday, May 25, the company rating was maintained by PiperJaffray. On Thursday, June 22 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating given on Thursday, July 20 by RBC Capital Markets.

Since September 14, 2017, it had 0 insider purchases, and 5 insider sales for $7.73 million activity. Kelley Thomas M. also sold $2.31M worth of Marathon Petroleum Corporation (NYSE:MPC) on Thursday, December 14. Nichols Rodney P. had sold 6,374 shares worth $413,864 on Thursday, December 14.

Cohen & Steers Inc, which manages about $36.65 billion US Long portfolio, decreased its stake in Duke Realty Corporation (NYSE:DRE) by 1.79M shares to 6.27 million shares, valued at $180.61 million in 2017Q3, according to the filing. It also reduced its holding in Central Fund Canada Cl A (CEF) by 36,523 shares in the quarter, leaving it with 727,732 shares, and cut its stake in Genesis Energy Lp (NYSE:GEL).

Since August 23, 2017, it had 0 insider buys, and 7 insider sales for $23.51 million activity. Shares for $7.59 million were sold by BARTZ CAROL on Thursday, December 14. MCGEARY RODERICK C also sold $578,740 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, December 14. BHATT PRAT sold $821,900 worth of stock. Robbins Charles had sold 121,390 shares worth $3.89M on Monday, September 11. 65,000 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $2.11M were sold by CHANDLER MARK D. CHAMBERS JOHN T also sold $7.79M worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares.

Investors sentiment decreased to 1.02 in 2017 Q3. 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. Swarthmore Gp reported 0.09% in Cisco Systems, Inc. (NASDAQ:CSCO). Bristol John W And holds 2.03% or 2.08M shares in its portfolio. Inv Ptnrs Ltd Oh Adv invested 0.69% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Stratos Wealth Ptnrs Limited holds 0.25% or 159,366 shares. Moreover, Wg Shaheen Assoc Dba Whitney Co has 1.47% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 139,922 shares. Geode Cap Mgmt Ltd Liability Co has 54.86M shares for 0.68% of their portfolio. Ipswich Inv Management has 0.2% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 13,160 shares. Westpac Bk holds 0.44% or 595,437 shares. Interocean Capital Ltd Liability Corporation invested 2.29% in Cisco Systems, Inc. (NASDAQ:CSCO). Lombard Odier Asset Management (Switzerland) Sa holds 0.06% in Cisco Systems, Inc. (NASDAQ:CSCO) or 17,206 shares. Lpl Financial Ltd Liability holds 0.11% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 905,316 shares. Longer Invests Incorporated invested in 76,155 shares. California-based Guardian has invested 0% in Cisco Systems, Inc. (NASDAQ:CSCO). Ohio-based Amer Financial Grp Incorporated Incorporated has invested 1.25% in Cisco Systems, Inc. (NASDAQ:CSCO). Fukoku Mutual Life has 398,640 shares for 1.98% of their portfolio.

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