Adams Express Company Stake in Visa (V) Raised by $1.94 Million as Stock Price Rose; As Cisco Sys (CSCO) Share Price Rose, Sns Financial Group Trimmed by $1.83 Million Its Stake

September 14, 2018 - By Lena Young

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Sns Financial Group Llc decreased its stake in Cisco Sys Inc (CSCO) by 69.49% based on its latest 2018Q2 regulatory filing with the SEC. Sns Financial Group Llc sold 42,640 shares as the company’s stock rose 6.54% with the market. The institutional investor held 18,725 shares of the technology company at the end of 2018Q2, valued at $806,000, down from 61,365 at the end of the previous reported quarter. Sns Financial Group Llc who had been investing in Cisco Sys Inc for a number of months, seems to be less bullish one the $215.79B market cap company. The stock decreased 0.07% or $0.03 during the last trading session, reaching $47.21. About 7.14M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 44.68% since September 14, 2017 and is uptrending. It has outperformed by 29.06% the S&P500. Some Historical CSCO News: 16/05/2018 – Cisco CFO Kramer: Back to Growth in Campus Networking — Barron’s Blog; 12/04/2018 – Cisco and ISARA Collaborate on a Proof of Concept of the World’s First Digital Certificate Compatible with Both Classic and Quantum-Safe Cryptographic Algorithms; 23/03/2018 – Cisco Closes Below 50-Day Moving Average: Technicals; 08/05/2018 – LaSalle Solutions renews Cisco TelePresence Video Master Authorization in US; 28/03/2018 – ARISTA NETWORKS INC – BOTH PATENT TRIAL & APPEAL BOARD AND FEDERAL CIRCUIT DETERMINED ‘668 PATENT TO BE UNPATENTABLE ON ALL RELEVANT CLAIMS; 22/04/2018 – DJ Cisco Systems Inc, Inst Holders, 1Q 2018 (CSCO); 10/04/2018 – Cisco Tetration Workload Protection Extended with New Options: SaaS and Virtual Appliance; 21/03/2018 – Slack Technologies builds engineering team to combat outages; 06/04/2018 – CSCO: So far, more than 95% of the routers have returned to the normal attack and resumed service. – ! $CSCO; 07/04/2018 – Iran hit by global cyber attack that left U.S. flag on screens

Adams Express Company increased its stake in Visa Inc. (V) by 4.73% based on its latest 2018Q2 regulatory filing with the SEC. Adams Express Company bought 14,700 shares as the company’s stock rose 9.06% with the market. The institutional investor held 325,700 shares of the business services company at the end of 2018Q2, valued at $43.14 million, up from 311,000 at the end of the previous reported quarter. Adams Express Company who had been investing in Visa Inc. for a number of months, seems to be bullish on the $328.18B market cap company. The stock decreased 0.09% or $0.14 during the last trading session, reaching $147.49. About 2.23 million shares traded. Visa Inc. (NYSE:V) has risen 38.00% since September 14, 2017 and is uptrending. It has outperformed by 22.38% the S&P500. Some Historical V News: 24/05/2018 – Visa, Mastercard Dispute Those Limitations; Say Merchants Can Route to Network of Choice; 08/03/2018 – Visa Inc. to Participate in Upcoming Investor Conference; 24/05/2018 – Retailers Say Visa, Mastercard Pressing the Wrong Button; 25/04/2018 – Visa Effective Tax Rate 19% for Quarter; 24/05/2018 – VISA INVESTS FOR LATAM, CARIBBEAN MOBILE PAYMENTS/TOKENIZATION; 24/05/2018 – Visa Makes Strategic Investment in YellowPepper to Accelerate Adoption of Mobile Payments and Tokenization in Latin America and the Caribbean; 19/04/2018 – New Mexico AG: AG Balderas Announces Settlement with Visa & MasterCard Over Excessive Credit & Debit Card Fees – April 19, 2018; 09/05/2018 – Visa’s Craig McClure Joins The Chargeback Company; 16/04/2018 – Chile’s Solidarity Visa Leaves Venezuelans Confused and Worried; 09/05/2018 – VISA AND PAYPAL EXTEND PARTNERSHIP TO ACCELERATE ADOPTION OF DIGITAL AND MOBILE PAYMENTS IN CANADA

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 177 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Wednesday, January 10 by Piper Jaffray. The firm has “Buy” rating by Wells Fargo given on Friday, July 21. On Tuesday, August 4 the stock rating was downgraded by Zacks to “Buy”. Robert W. Baird maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Friday, October 13 with “Buy” rating. Barclays Capital maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, November 16. Barclays Capital has “Buy” rating and $37.0 target. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Thursday, February 15 by Jefferies. Nomura upgraded the stock to “Buy” rating in Monday, February 12 report. The rating was maintained by JMP Securities with “Market Perform” on Thursday, August 18. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Tuesday, June 13 by Deutsche Bank. Credit Suisse maintained the shares of CSCO in report on Wednesday, June 21 with “Buy” rating.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Seekingalpha.com which released: “Is Cisco Still A Buy?” on September 10, 2018, also Bizjournals.com with their article: “Cisco sues former employee, 20 others for “self-dealing”” published on September 05, 2018, Seekingalpha.com published: “Cisco, Intent On Soaring Again, Has More Than One Catalyst” on September 13, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Nasdaq.com and their article: “Is Cisco (CSCO) Still a Buy After Hitting 18-Year High?” published on August 16, 2018 as well as Nasdaq.com‘s news article titled: “3 Breakout Stocks to Spice Up Your Portfolio” with publication date: September 14, 2018.

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on November, 21. They expect $0.65 EPS, up 18.18% or $0.10 from last year’s $0.55 per share. CSCO’s profit will be $2.97B for 18.16 P/E if the $0.65 EPS becomes a reality. After $0.65 actual EPS reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Sns Financial Group Llc, which manages about $341.17 million and $381.39 million US Long portfolio, upped its stake in Spdr Series Trust (LAG) by 12,642 shares to 33,473 shares, valued at $934,000 in 2018Q2, according to the filing. It also increased its holding in Vanguard Bd Index Fd Inc (BND) by 15,153 shares in the quarter, for a total of 150,461 shares, and has risen its stake in Spdr Index Shs Fds (GWL).

Since March 15, 2018, it had 0 buys, and 1 sale for $1.51 million activity.

Investors sentiment increased to 0.84 in 2018 Q2. Its up 0.11, from 0.73 in 2018Q1. It is positive, as 61 investors sold CSCO shares while 733 reduced holdings. 133 funds opened positions while 531 raised stakes. 3.26 billion shares or 4.11% less from 3.40 billion shares in 2018Q1 were reported. Centurylink Mgmt holds 78,849 shares. Leisure Mngmt owns 16,820 shares for 0.62% of their portfolio. Savings Bank Of America Corp De owns 95.77M shares. Sumitomo Life Insurance invested in 169,662 shares. Moreover, Price T Rowe Assoc Md has 0.43% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Boston Rech And Management Inc holds 127,759 shares. Institute For Wealth Mngmt Limited Liability Co accumulated 0.48% or 35,126 shares. Ronna Sue Cohen accumulated 120,387 shares. Badgley Phelps & Bell owns 201,439 shares or 0.58% of their US portfolio. Moreover, Brown Advisory Inc has 0.17% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Moreover, Loring Wolcott Coolidge Fiduciary Advsr Llp Ma has 0.08% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 101,643 shares. Mastrapasqua Asset Mgmt reported 165,810 shares stake. First Long Island Invsts Limited Co holds 5,320 shares or 0.03% of its portfolio. Kepos Ltd Partnership invested 0.11% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). 10,016 were accumulated by Cadinha & Limited Company.

Among 44 analysts covering Visa Inc. (NYSE:V), 35 have Buy rating, 0 Sell and 9 Hold. Therefore 80% are positive. Visa Inc. had 140 analyst reports since July 21, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the shares of V in report on Thursday, July 26 with “Overweight” rating. RBC Capital Markets maintained Visa Inc. (NYSE:V) on Friday, September 22 with “Buy” rating. The stock has “Overweight” rating by Barclays Capital on Thursday, October 26. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Wednesday, October 25 by Oppenheimer. The firm has “Buy” rating by KeyBanc Capital Markets given on Wednesday, August 23. The company was maintained on Tuesday, January 9 by Wells Fargo. Wedbush maintained it with “Buy” rating and $11000 target in Wednesday, July 19 report. UBS reinitiated it with “Neutral” rating and $141 target in Friday, May 18 report. RBC Capital Markets maintained Visa Inc. (NYSE:V) on Friday, January 29 with “Outperform” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, October 25.

Adams Express Company, which manages about $1.88B US Long portfolio, decreased its stake in Prologis Inc. (NYSE:PLD) by 115,500 shares to 236,100 shares, valued at $15.51 million in 2018Q2, according to the filing. It also reduced its holding in Enanta Pharmaceuticals Inc (NASDAQ:ENTA) by 5,400 shares in the quarter, leaving it with 5,400 shares, and cut its stake in Comcast Corp. Class A (NASDAQ:CMCSA).

Investors sentiment increased to 1.02 in 2018 Q2. Its up 0.14, from 0.88 in 2018Q1. It improved, as 39 investors sold V shares while 633 reduced holdings. 124 funds opened positions while 560 raised stakes. 1.56 billion shares or 0.77% less from 1.57 billion shares in 2018Q1 were reported. First Fincl Bank Of Omaha accumulated 3,287 shares. Loring Wolcott Coolidge Fiduciary Advsrs Llp Ma reported 1.48% of its portfolio in Visa Inc. (NYSE:V). 59 were accumulated by Pro Inc. Old Mutual Global Investors (Uk) Limited holds 0.03% or 30,858 shares. U S Investors invested 0.25% of its portfolio in Visa Inc. (NYSE:V). 16,311 are owned by Caprock. 95,228 were accumulated by Pittenger & Anderson Incorporated. Hengistbury Invest Prtnrs Limited Liability Partnership holds 2.28 million shares. Renaissance Invest Lc owns 56,698 shares. Mastrapasqua Asset reported 2.43% of its portfolio in Visa Inc. (NYSE:V). Northeast Consultants holds 2,619 shares or 0.11% of its portfolio. Hillsdale Invest Mgmt holds 0% or 15 shares in its portfolio. Cetera Advisors Ltd stated it has 37,775 shares. 92,707 were accumulated by M&R Cap Mngmt. M Hldgs Securities Inc accumulated 16,314 shares.

More important recent Visa Inc. (NYSE:V) news were published by: Seekingalpha.com which released: “Visa Continuously Evolves” on August 28, 2018, also Seekingalpha.com published article titled: “Visa Call Options Have Fantastic Upside”, Seekingalpha.com published: “Visa: Up And Away” on August 21, 2018. More interesting news about Visa Inc. (NYSE:V) was released by: Seekingalpha.com and their article: “Visa Inc. (V) Management Presents at Deutsche Bank 2018 Technology Brokers Conference (Transcript)” with publication date: September 13, 2018.

Visa Inc. (NYSE:V) Institutional Positions Chart

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