Lodestar Investment Counsel Raised Its Cisco Systems (CSCO) Holding; Cambridge Financial Group Increased Its Bank Of America (BAC) Stake

March 12, 2018 - By Shannon Black

Lodestar Investment Counsel Llc increased Cisco Systems (CSCO) stake by 5.34% reported in 2017Q3 SEC filing. Lodestar Investment Counsel Llc acquired 9,100 shares as Cisco Systems (CSCO)’s stock declined 7.50%. The Lodestar Investment Counsel Llc holds 179,653 shares with $6.04M value, up from 170,553 last quarter. Cisco Systems now has $218.57 billion valuation. The stock increased 2.32% or $1.03 during the last trading session, reaching $45.37. About 22.23M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since March 12, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Cambridge Financial Group Inc increased Bank Of America Corp (BAC) stake by 0.75% reported in 2017Q3 SEC filing. Cambridge Financial Group Inc acquired 1,703 shares as Bank Of America Corp (BAC)’s stock declined 6.00%. The Cambridge Financial Group Inc holds 227,989 shares with $5.78B value, up from 226,286 last quarter. Bank Of America Corp now has $335.17B valuation. The stock increased 1.61% or $0.52 during the last trading session, reaching $32.72. About 73.89M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since March 12, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

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 106 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Tuesday, July 21 report. The rating was upgraded by Macquarie Research on Tuesday, September 1 to “Hold”. The firm has “Hold” rating by Berenberg given on Monday, April 24. Keefe Bruyette & Woods maintained Bank of America Corporation (NYSE:BAC) rating on Sunday, August 13. Keefe Bruyette & Woods has “Buy” rating and $2800 target. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, May 31. The firm has “Buy” rating given on Monday, August 24 by Vetr. The firm earned “Outperform” rating on Tuesday, November 29 by Keefe Bruyette & Woods. On Monday, October 16 the stock rating was maintained by UBS with “Neutral”. On Wednesday, June 14 the stock rating was maintained by RBC Capital Markets with “Buy”. Guggenheim downgraded the stock to “Neutral” rating in Tuesday, November 15 report.

Investors sentiment increased to 1.19 in Q3 2017. Its up 0.15, from 1.04 in 2017Q2. It is positive, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Compton Cap Mngmt Incorporated Ri accumulated 99,644 shares or 1.13% of the stock. Manufacturers Life Insur The has 1.32% invested in Bank of America Corporation (NYSE:BAC). 595,318 were reported by Arrowgrass Cap Ptnrs (Us) L P. Lenox Wealth Management reported 0.03% of its portfolio in Bank of America Corporation (NYSE:BAC). Palouse Capital Mngmt Incorporated owns 70,945 shares. Sheets Smith Wealth Mngmt, a North Carolina-based fund reported 50,872 shares. Perkins Coie reported 2,824 shares or 0.04% of all its holdings. Two Sigma Securities Limited Liability Corporation has invested 0.13% of its portfolio in Bank of America Corporation (NYSE:BAC). Moreover, Argentiere Capital Ag has 0.79% invested in Bank of America Corporation (NYSE:BAC). Cetera Advisor Llc reported 136,763 shares stake. Bridgeway Management owns 4.33M shares or 1.25% of their US portfolio. 2.94 million were reported by Los Angeles Cap Mngmt And Equity Inc. Parametric Ltd Llc reported 25.66M shares stake. Mairs & stated it has 0% in Bank of America Corporation (NYSE:BAC). Markston Intl owns 810,337 shares or 2.11% of their US portfolio.

Cambridge Financial Group Inc decreased Guggenheim Etf Equal Weight (RSP) stake by 1,315 shares to 2,245 valued at $214.49M in 2017Q3. It also reduced Fiserv Incorporated Wisconson (NASDAQ:FISV) stake by 764 shares and now owns 54,203 shares. Broadcom Ltd was reduced too.

Among 38 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 26 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Cisco Systems Inc. has $160 highest and $16 lowest target. $40.55’s average target is -10.62% below currents $45.37 stock price. Cisco Systems Inc. had 152 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Equal Weight” rating by Morgan Stanley given on Monday, August 17. As per Monday, February 8, the company rating was downgraded by Goldman Sachs. Argus Research maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Friday, August 19 with “Buy” rating. Nomura maintained the shares of CSCO in report on Wednesday, June 21 with “Hold” rating. The firm earned “Buy” rating on Thursday, June 29 by Bernstein. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Equal-Weight” rating given on Thursday, August 18 by Morgan Stanley. The rating was maintained by Drexel Hamilton with “Buy” on Tuesday, August 15. Wells Fargo maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Friday, July 21 with “Buy” rating. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Goldman Sachs on Thursday, August 13. KeyBanc Capital Markets maintained the stock with “Buy” rating in Thursday, January 18 report.

Since September 11, 2017, it had 0 insider buys, and 5 insider sales for $11.45 million activity. Shares for $7.59M were sold by BARTZ CAROL. BHATT PRAT also sold $821,900 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, September 11. 12,126 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $550,153 were sold by BURNS M MICHELE. On Monday, September 18 CHANDLER MARK D sold $2.11M worth of Cisco Systems, Inc. (NASDAQ:CSCO) or 65,000 shares. $578,740 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by MCGEARY RODERICK C. The insider Walker Karen sold $740,883. Another trade for 121,390 shares valued at $3.89M was made by Robbins Charles on Monday, September 11.