Cambridge Trust Company Stake in Cisco Systems (CSCO) Has Upped by $883,638; As Bank Of America (BAC) Market Valuation Declined, Holder Loews Lowered Its Position by $4.55 Million

June 23, 2018 - By Adrian Mccoy

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Cambridge Trust Company increased its stake in Cisco Systems Inc (CSCO) by 3.56% based on its latest 2018Q1 regulatory filing with the SEC. Cambridge Trust Company bought 21,039 shares as the company’s stock declined 4.63% with the market. The institutional investor held 611,672 shares of the technology company at the end of 2018Q1, valued at $26.24 million, up from 590,633 at the end of the previous reported quarter. Cambridge Trust Company who had been investing in Cisco Systems Inc for a number of months, seems to be bullish on the $203.16B market cap company. The stock increased 0.09% or $0.04 during the last trading session, reaching $43.2. About 15.60 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 37.60% since June 23, 2017 and is uptrending. It has outperformed by 25.03% the S&P500. Some Historical CSCO News: 03/04/2018 – $FNJN $CSCO Finjan prevails against Cisco Systems as both ‘494 and ‘844 IPR patent challenge trials are denied; 06/04/2018 – CSCO: A massive attack is a type of remote code execution vulnerability that is used here for extensive DDOS over Iran. Nowadays, a large part of the infrastructure network is in trouble. @webamoozir; 23/05/2018 – Cisco’s Talos cyber intelligence unit said it has high confidence that the Russian government is behind the campaign, dubbed VPNFilter; 08/05/2018 – NetBrain Announces Integration with Cisco ACI to Further Enhance End-to-End Visibility and Automation for Application-Centric; 22/05/2018 – AppDynamics Unveils AppDynamics for SAP, Extending Business Transaction Tracing to SAP Environments; 21/03/2018 – Cisco Collaborates on Phones with American Council of the Blind; 10/05/2018 – The U.S. government needs to do more to support start-ups to secure its future as a technological innovator, said former Cisco CEO John Chambers; 16/05/2018 – Cisco Systems Sees 4Q Non-GAAP Operating Margin Rate 29.5% – 30.5%; 29/03/2018 – MFS Massachusetts Investors Trust Adds Cisco, Cuts Alphabet; 17/05/2018 – Cisco Slides After Forecasts Fall Short of Most Optimistic Views

Loews Corp decreased its stake in Bank Of America Corp (BAC) by 92.87% based on its latest 2018Q1 regulatory filing with the SEC. Loews Corp sold 151,789 shares as the company’s stock declined 6.97% with the market. The institutional investor held 11,659 shares of the major banks company at the end of 2018Q1, valued at $350,000, down from 163,448 at the end of the previous reported quarter. Loews Corp who had been investing in Bank Of America Corp for a number of months, seems to be less bullish one the $293.94 billion market cap company. The stock decreased 1.02% or $0.3 during the last trading session, reaching $28.99. About 77.35 million shares traded or 14.47% up from the average. Bank of America Corporation (NYSE:BAC) has risen 29.72% since June 23, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: 03/05/2018 – FCC Shifts $9 Billion Phone Aid Fund Out of Bank of America; 09/05/2018 – ABF Journal: BofA Supports R1 RCM Acquisition of Intermedix; 10/05/2018 – Moody’s Assigns Provisional Aaa (sf) To Bank Of America’s Class A(2018-2) Card Abs; 05/04/2018 – NOTICE TO UPS EMPLOYEES WITH ACCOUNTS AT THE MERRILL LYNCH TAMPA, FLORIDA BRANCH OFFICE: Klayman & Toskes, P.A. Continues to; 16/04/2018 – BANK OF AMERICA BAC.N CHIEF EXECUTIVE OFFICER PAUL DONOFRIO SAYS CONSUMER SPENDING IS ‘ENCOURAGING’; 14/05/2018 – Amgen Presenting at Bank of America Conference Tomorrow; 09/05/2018 – Chemed Presenting at Bank of America Conference May 15; 29/05/2018 – BOFA COMMERCIAL BANKING HEAD ALASTAIR BORTHWICK SPEAKS AT CONF; 20/03/2018 – Robin Wigglesworth: Fund managers REALLY hate the UK, and its getting worse, according to the latest Bank of America investor; 02/04/2018 – U.S. Loan Issuance Down 23% This Year, BofA Leads

Since February 20, 2018, it had 0 buys, and 3 insider sales for $2.12 million activity. Another trade for 12,126 shares valued at $550,153 was made by BURNS M MICHELE on Monday, February 26. $940,559 worth of stock was sold by Goeckeler David on Thursday, March 15.

Cambridge Trust Company, which manages about $1.57B US Long portfolio, decreased its stake in Unitedhealth Group Inc (NYSE:UNH) by 2,782 shares to 150,789 shares, valued at $32.27M in 2018Q1, according to the filing. It also reduced its holding in Pepsico Inc (NYSE:PEP) by 2,911 shares in the quarter, leaving it with 48,162 shares, and cut its stake in Celgene Corp (NASDAQ:CELG).

Investors sentiment decreased to 0.73 in Q1 2018. Its down 0.30, from 1.03 in 2017Q4. It dived, as 66 investors sold CSCO shares while 798 reduced holdings. 170 funds opened positions while 464 raised stakes. 3.40 billion shares or 4.18% less from 3.54 billion shares in 2017Q4 were reported. Walleye Trading Lc invested in 235,714 shares. First Interstate Fincl Bank invested in 2.75% or 284,301 shares. 325,328 are owned by Dubuque Bank Co. Boys Arnold Company holds 0.51% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 78,883 shares. Moreover, Lodestar Counsel Il has 0.97% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Manufacturers Life Ins Company The reported 9.33 million shares. Fernwood Mngmt Ltd Co has 6,145 shares for 0.15% of their portfolio. Etrade Cap Mgmt Limited Company reported 246,797 shares. Shufro Rose And Ltd Liability Company holds 3.92% or 925,238 shares. Asset Strategies reported 0.58% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Godshalk Welsh Capital Mgmt holds 45,200 shares or 2.09% of its portfolio. Holderness Invs Com invested 1.42% in Cisco Systems, Inc. (NASDAQ:CSCO). The New Hampshire-based Curbstone Fincl has invested 0.9% in Cisco Systems, Inc. (NASDAQ:CSCO). Carlton Hofferkamp & Jenks Wealth Lc holds 0.26% or 9,390 shares. Acadian Asset Mngmt Ltd Com holds 0.19% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 1.03M shares.

Among 39 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 29 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Cisco Systems Inc. had 173 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, January 18 by KeyBanc Capital Markets. On Friday, June 8 the stock rating was maintained by Oppenheimer with “Buy”. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Wednesday, August 2 by Jefferies. The stock has “Buy” rating by Deutsche Bank on Tuesday, June 13. The rating was maintained by Pacific Crest on Wednesday, January 13 with “Overweight”. The firm has “Buy” rating by UBS given on Thursday, August 18. The stock has “Buy” rating by Bernstein on Monday, November 27. The stock has “Buy” rating by Credit Suisse on Thursday, June 29. The firm has “Hold” rating by Needham given on Tuesday, October 24. As per Friday, August 4, the company rating was maintained by Oppenheimer.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Seekingalpha.com which released: “Nvidia: The Rally Might Just Be Getting Started” on June 17, 2018, also Globenewswire.com with their article: “Cisco Announces June 2018 Events with the Financial Community” published on May 30, 2018, Benzinga.com published: “Stifel Raises AMD Price Target After Cisco Unveils EPYC-Powered Servers” on June 01, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Seekingalpha.com and their article: “Cisco Systems Is Ripe For A Pullback” published on June 18, 2018 as well as Thestreet.com‘s news article titled: “It’s Not Cool Anymore for Companies to IPO: Former Cisco CEO John Chambers” with publication date: May 31, 2018.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Bizjournals.com which released: “How Bank of America and Wells Fargo fared in latest round of stress testing” on June 22, 2018, also Seekingalpha.com with their article: “US banks may boost payouts by $30B after stress tests: Bloomberg” published on June 19, 2018, Bizjournals.com published: “CBJ Morning Buzz: Big changes for BofA workforce; Meck County approves tax hike; Latest on CLT snafu” on June 20, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Finance.Yahoo.com and their article: “Thursday’s Vital Data: Micron Technology, Inc. (MU), Bank of America Corp (BAC) and AbbVie Inc. (ABBV)” published on May 31, 2018 as well as Investorplace.com‘s news article titled: “3 Bank Stocks to Buy After the Fed’s Stress Tests” with publication date: June 22, 2018.

Investors sentiment decreased to 0.95 in 2018 Q1. Its down 0.24, from 1.19 in 2017Q4. It is negative, as 73 investors sold BAC shares while 633 reduced holdings. 134 funds opened positions while 535 raised stakes. 6.66 billion shares or 2.67% less from 6.85 billion shares in 2017Q4 were reported. Carnegie Cap Asset Ltd invested in 0.16% or 61,996 shares. Ledyard Bancshares has 25,132 shares for 0.09% of their portfolio. Bingham Osborn And Scarborough accumulated 122,235 shares. Blb&B Advsrs Lc holds 0.34% or 85,651 shares in its portfolio. First Trust Lp stated it has 0.18% in Bank of America Corporation (NYSE:BAC). 3.19M are owned by 1832 Asset Management Lp. Trust Company Of Vermont invested in 38,467 shares or 0.11% of the stock. Northwestern Mutual Wealth reported 316,017 shares stake. Blume Cap Management owns 3,686 shares or 0.06% of their US portfolio. Sumitomo Mitsui Holdg accumulated 1.14% or 29.54M shares. Viking Fund Mgmt Ltd Liability holds 0.11% or 20,000 shares. Credit Investments Ltd Liability Corp reported 139,900 shares or 3.97% of all its holdings. Laurel Grove Ltd Liability Corp reported 0.33% in Bank of America Corporation (NYSE:BAC). Tompkins Financial Corporation holds 500 shares or 0% of its portfolio. The Colorado-based Employees Retirement Association Of Colorado has invested 0.35% in Bank of America Corporation (NYSE:BAC).

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. Sandler O’Neill maintained Bank of America Corporation (NYSE:BAC) on Tuesday, January 9 with “Buy” rating. The firm earned “Buy” rating on Monday, October 16 by Nomura. On Thursday, August 10 the stock rating was maintained by Wells Fargo with “Outperform”. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by RBC Capital Markets on Wednesday, April 5. The rating was upgraded by UBS to “Neutral” on Wednesday, August 26. The rating was downgraded by Standpoint Research to “Hold” on Thursday, December 1. The stock has “Outperform” rating by Oppenheimer on Saturday, September 5. Oppenheimer maintained the shares of BAC in report on Tuesday, October 6 with “Outperform” rating. The rating was upgraded by Sandler O’Neill on Wednesday, January 20 to “Buy”. Berenberg initiated the shares of BAC in report on Wednesday, July 13 with “Buy” rating.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on July, 17. They expect $0.63 EPS, up 36.96% or $0.17 from last year’s $0.46 per share. BAC’s profit will be $6.39 billion for 11.50 P/E if the $0.63 EPS becomes a reality. After $0.62 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 1.61% EPS growth.

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