J P Morgan Chase & Co. (JPM) Holder Alpine Investment Management Trimmed Holding by $2.36 Million as Stock Price Declined; Cisco Sys Com (CSCO) Market Value Declined While Mengis Capital Management Has Lowered by $1.28 Million Its Stake

November 15, 2017 - By Nellie Frank

Mengis Capital Management Inc decreased its stake in Cisco Sys Inc Com (CSCO) by 73.42% based on its latest 2017Q2 regulatory filing with the SEC. Mengis Capital Management Inc sold 41,435 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 15,000 shares of the technology company at the end of 2017Q2, valued at $469,000, down from 56,435 at the end of the previous reported quarter. Mengis Capital Management Inc who had been investing in Cisco Sys Inc Com for a number of months, seems to be less bullish one the $168.56 billion market cap company. The stock increased 0.27% or $0.09 during the last trading session, reaching $34.04. About 8,431 shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since November 15, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Alpine Investment Management Llc decreased its stake in J P Morgan Chase & Co. (JPM) by 3.65% based on its latest 2017Q2 regulatory filing with the SEC. Alpine Investment Management Llc sold 25,978 shares as the company’s stock declined 6.04% while stock markets rallied. The hedge fund held 685,913 shares of the major banks company at the end of 2017Q2, valued at $62.69 million, down from 711,891 at the end of the previous reported quarter. Alpine Investment Management Llc who had been investing in J P Morgan Chase & Co. for a number of months, seems to be less bullish one the $337.50B market cap company. The stock decreased 0.58% or $0.57 during the last trading session, reaching $97.27. About 735 shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since November 15, 2016 and is uptrending. It has outperformed by 17.04% the S&P500.




More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Seekingalpha.com which released: “Cisco: Those Who Lie In Wait” on October 16, 2017, also Fool.com with their article: “Better Buy: Cisco Systems, Inc. vs. General Electric” published on November 07, 2017, Fool.com published: “Why 2017 was a Year to Forget for Cisco Systems, Inc.” on November 09, 2017. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Seekingalpha.com and their article: “Cisco: BroadSoft Is No Game Changer” published on October 24, 2017 as well as Seekingalpha.com‘s news article titled: “Cisco Likely A Hold?” with publication date: October 31, 2017.

Among 37 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 23 have Buy rating, 0 Sell and 14 Hold. Therefore 62% are positive. Cisco Systems Inc. had 116 analyst reports since August 4, 2015 according to SRatingsIntel. On Wednesday, August 16 the stock rating was maintained by J.P. Morgan with “Hold”. UBS maintained the shares of CSCO in report on Thursday, August 18 with “Buy” rating. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Thursday, August 18 by Deutsche Bank. OTR Global upgraded the shares of CSCO in report on Thursday, February 2 to “Positive” rating. The stock has “Neutral” rating by Goldman Sachs on Thursday, August 18. On Tuesday, August 4 the stock rating was downgraded by Zacks to “Buy”. BMO Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, May 19 with “Outperform” rating. As per Tuesday, August 9, the company rating was maintained by Citigroup. The stock has “Neutral” rating by Goldman Sachs on Wednesday, June 15. Jefferies maintained the stock with “Buy” rating in Friday, October 6 report.

Investors sentiment increased to 1.18 in Q2 2017. Its up 0.14, from 1.04 in 2017Q1. It increased, as 90 investors sold CSCO shares while 594 reduced holdings. 111 funds opened positions while 694 raised stakes. 3.60 billion shares or 0.67% less from 3.62 billion shares in 2017Q1 were reported. D E Shaw Inc holds 0.16% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 3.14M shares. National Bank & Trust Of Hawaii, Hawaii-based fund reported 47,941 shares. Horizon Kinetics Lc has invested 0.05% in Cisco Systems, Inc. (NASDAQ:CSCO). Ally has invested 1.98% in Cisco Systems, Inc. (NASDAQ:CSCO). Dean Invest Assoc Ltd Liability Com reported 211,759 shares. Cardinal Capital Mngmt stated it has 1.39% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Cadinha And Com Limited Liability Company reported 0.06% in Cisco Systems, Inc. (NASDAQ:CSCO). Ohio-based Cincinnati Corporation has invested 3.54% in Cisco Systems, Inc. (NASDAQ:CSCO). Midwest Investment Ltd Llc owns 6,800 shares. Gulf National Bank (Uk) Limited has invested 0.7% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Prudential Public Limited Co holds 12.16 million shares or 1.25% of its portfolio. Broderick Brian C holds 53,866 shares or 0.62% of its portfolio. Fagan Associate has 1.69% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Pittenger And Anderson Inc holds 202,925 shares or 0.61% of its portfolio. Monroe Natl Bank & Tru Mi invested in 5,810 shares.

Mengis Capital Management Inc, which manages about $163.94 million and $141.18 million US Long portfolio, upped its stake in Gs Etf Tr Intl Dvlpd by 59,225 shares to 161,895 shares, valued at $4.48 million in 2017Q2, according to the filing. It also increased its holding in Goodyear Tire And Rubr Com (NASDAQ:GT) by 16,730 shares in the quarter, for a total of 37,030 shares, and has risen its stake in Qualcomm Inc Com (NASDAQ:QCOM).

Since May 24, 2017, it had 0 insider buys, and 3 selling transactions for $12.50 million activity. The insider CHAMBERS JOHN T sold $9.31M. Another trade for 92,840 shares valued at $2.94M was made by Jacoby Rebecca on Wednesday, June 14.

Investors sentiment increased to 1.19 in 2017 Q2. Its up 0.32, from 0.87 in 2017Q1. It increased, as 56 investors sold JPM shares while 678 reduced holdings. 146 funds opened positions while 731 raised stakes. 2.69 billion shares or 4.21% more from 2.58 billion shares in 2017Q1 were reported. Van Cleef Asset Managementinc reported 22,496 shares. Hall Laurie J Trustee holds 10,292 shares or 0% of its portfolio. Ltd Limited Co reported 1,935 shares. Majedie Asset stated it has 228,576 shares or 1.98% of all its holdings. Atlantic Trust Group stated it has 2.71 million shares. Investors Asset Management Of Georgia Ga Adv holds 2.17% in JPMorgan Chase & Co. (NYSE:JPM) or 34,435 shares. Aimz Inv Advsr Ltd Company accumulated 3,102 shares. Conestoga Cap Advsrs Ltd Com owns 3,341 shares for 0.02% of their portfolio. Sii Invs Wi stated it has 35,265 shares. Carlson Capital Management, Minnesota-based fund reported 4,230 shares. Heritage Wealth Advisors owns 4,853 shares for 0.23% of their portfolio. Argent has invested 2.75% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Arrow holds 1.62% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 73,943 shares. Moreover, Employees Retirement Association Of Colorado has 1.49% invested in JPMorgan Chase & Co. (NYSE:JPM) for 2.21 million shares. Umb Financial Bank N A Mo reported 1.62% stake.

Alpine Investment Management Llc, which manages about $980.30 million and $1.16 billion US Long portfolio, upped its stake in General Motors (NYSE:GM) by 16,135 shares to 2.39 million shares, valued at $83.55 million in 2017Q2, according to the filing. It also increased its holding in Liberty Global Plc (NASDAQ:LBTYK) by 3.09M shares in the quarter, for a total of 3.32 million shares, and has risen its stake in Vanguard Bond Index Fund (BSV).

Among 32 analysts covering JPMorgan Chase & Co (NYSE:JPM), 17 have Buy rating, 2 Sell and 13 Hold. Therefore 53% are positive. JPMorgan Chase & Co had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Buy” on Monday, October 10. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Wednesday, October 11. BMO Capital Markets upgraded the shares of JPM in report on Wednesday, September 16 to “Outperform” rating. RBC Capital Markets maintained JPMorgan Chase & Co. (NYSE:JPM) on Monday, July 17 with “Buy” rating. Citigroup maintained the stock with “Buy” rating in Monday, October 5 report. Jefferies maintained JPMorgan Chase & Co. (NYSE:JPM) on Wednesday, February 24 with “Buy” rating. The firm has “Neutral” rating given on Friday, October 13 by Nomura. The rating was maintained by Goldman Sachs on Thursday, July 6 with “Neutral”. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Hold” rating given on Wednesday, August 23 by BMO Capital Markets. On Tuesday, October 3 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.