As Cisco Systems (CSCO) Stock Declined, Holder Exxonmobil Investment Management Has Trimmed Its Holding by $2.04 Million; Toron Capital Markets Has Upped Thomson Reuters (TRI) Holding by $14.50 Million

June 21, 2018 - By Hazel Jackson

Thomson Reuters Corporation (NYSE:TRI) Logo

Toron Capital Markets Inc increased its stake in Thomson Reuters Corp (TRI) by 418.92% based on its latest 2018Q1 regulatory filing with the SEC. Toron Capital Markets Inc bought 381,460 shares as the company’s stock declined 3.64% with the market. The institutional investor held 472,518 shares of the publishing company at the end of 2018Q1, valued at $18.25M, up from 91,058 at the end of the previous reported quarter. Toron Capital Markets Inc who had been investing in Thomson Reuters Corp for a number of months, seems to be bullish on the $29.00 billion market cap company. The stock increased 0.42% or $0.17 during the last trading session, reaching $40.42. About 737,378 shares traded. Thomson Reuters Corporation (NYSE:TRI) has declined 12.69% since June 21, 2017 and is downtrending. It has underperformed by 25.26% the S&P500. Some Historical TRI News: 11/05/2018 – ♫ Reuters Insider – U.S. will help NK if it denuclearizes: Pompeo; 18/05/2018 – ♫ Reuters Insider – China denies offering $200 bln package to slash trade gap; 04/04/2018 – POLAND’S CPI AT 1.3 PCT Y/Y IN MARCH VS 1.65 PCT SEEN IN REUTERS POLL – STATISTICS OFFICE; 11/05/2018 – THOMSON REUTERS CORP – ESTIMATES A CASH TAX PAYMENT OF ABOUT $300 MLN WILL ARISE IN 2018 IN CONNECTION WITH CLOSING OF F&R TRANSACTION; 25/05/2018 – POLISH REGISTERED UNEMPLOYMENT RATE AT 6.3 PCT IN APRIL VS 6.3 PCT SEEN IN REUTERS POLL – STATS OFFICE; 20/03/2018 – THOMSON REUTERS/INSEAD SURVEY SHOWS BUSINESSES IN THAILAND MOST OPTIMISTIC, S.KOREA LEAST; 14/05/2018 – ♫ Reuters Insider – UK consumer spending falls in April – Visa; 16/05/2018 – ♫ Reuters Insider – Amazon cuts Whole Foods prices for Prime members; 11/05/2018 – ♫ Reuters Insider – Hong Kong sees a parking space price boom; 18/05/2018 – ♫ Reuters Insider – Asia Insight: Trade thaw? China offers package to slash U.S. trade deficit by $200 bln

Exxonmobil Investment Management Inc decreased its stake in Cisco Systems Inc (CSCO) by 6.18% based on its latest 2018Q1 regulatory filing with the SEC. Exxonmobil Investment Management Inc sold 48,545 shares as the company’s stock declined 4.63% with the market. The institutional investor held 737,513 shares of the technology company at the end of 2018Q1, valued at $31.63 million, down from 786,058 at the end of the previous reported quarter. Exxonmobil Investment Management Inc who had been investing in Cisco Systems Inc for a number of months, seems to be less bullish one the $205.70B market cap company. The stock decreased 0.18% or $0.08 during the last trading session, reaching $43.74. About 21.15M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 37.60% since June 21, 2017 and is uptrending. It has outperformed by 25.03% the S&P500. Some Historical CSCO News: 30/05/2018 – FTC: 20181274: Permira VI L.P. 1; Cisco Systems, Inc; 06/03/2018 – CRN Exclusive: D&H Launches Cisco Meraki Channel Program To Help Partners Capture ‘Vast’ SMB Revenue Opportunity; 19/04/2018 – Cisco ACI Is Data Center Solution of Choice for Service Providers Worldwide; 06/04/2018 – Cisco Systems, Inc. vs Uniloc USA, Inc. | FWD Entered | 04/06/2018; 18/04/2018 – Global Network Access Control (NAC) Market (2018-2022) Projected to Grow at a CAGR of 27.23% – Key Vendors are Cisco, ForeScout Technologies, and HPE – ResearchAndMarkets.com; 16/05/2018 – Cisco’s Sales, Profit Forecasts Miss Highest Projections; 10/04/2018 – Cisco Tetration Workload Protection Extended with New Options: SaaS and Virtual Appliance; 15/05/2018 – ♫ Reuters Insider – U.S. Day Ahead: Macy’s goes for two quarters of sales growth in a row; 29/05/2018 – Cloudian to Present Media Archive Case Study at Cisco Future of Media Summit 2018; 16/05/2018 – CISCO QTRLY INFRASTRUCTURE PLATFORMS REVENUE OF $7,163 MLN, UP 2 PCT

Investors sentiment decreased to 0.76 in 2018 Q1. Its down 0.22, from 0.98 in 2017Q4. It dropped, as 29 investors sold TRI shares while 99 reduced holdings. 31 funds opened positions while 66 raised stakes. 171.02 million shares or 1.73% less from 174.04 million shares in 2017Q4 were reported. Captrust has 300 shares for 0% of their portfolio. Moreover, Virtu Financial Ltd has 0.01% invested in Thomson Reuters Corporation (NYSE:TRI). 7,229 were reported by Comm Natl Bank. D E Shaw &, a New York-based fund reported 419,315 shares. Delta Asset Management Tn invested in 84 shares or 0% of the stock. Cidel Asset Mngmt accumulated 0.83% or 472,518 shares. United Cap Financial Advisers Ltd Company reported 0.09% of its portfolio in Thomson Reuters Corporation (NYSE:TRI). Peak6 Investments Lp invested 0% in Thomson Reuters Corporation (NYSE:TRI). 438 were accumulated by Lenox Wealth. Connor Clark And Lunn Inv Mgmt Ltd has 3.00M shares for 0.7% of their portfolio. Gradient Invs Limited Liability Corp invested in 0.11% or 50,454 shares. Moreover, Amer National Ins Com Tx has 0.03% invested in Thomson Reuters Corporation (NYSE:TRI) for 12,825 shares. Addenda owns 0.04% invested in Thomson Reuters Corporation (NYSE:TRI) for 13,140 shares. Wellington Mgmt Grp Limited Liability Partnership reported 0% stake. Axa holds 286,055 shares or 0.04% of its portfolio.

Toron Capital Markets Inc, which manages about $2.19B US Long portfolio, decreased its stake in Bank Montreal Que (NYSE:BMO) by 53,905 shares to 1.18M shares, valued at $89.24M in 2018Q1, according to the filing. It also reduced its holding in Celestica Inc (NYSE:CLS) by 101,969 shares in the quarter, leaving it with 1.99M shares, and cut its stake in Magna Intl Inc (NYSE:MGA).

Among 17 analysts covering Thomson Reuters (NYSE:TRI), 6 have Buy rating, 2 Sell and 9 Hold. Therefore 35% are positive. Thomson Reuters had 49 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, October 23. As per Tuesday, July 25, the company rating was maintained by RBC Capital Markets. On Tuesday, August 23 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The rating was upgraded by RBC Capital Markets on Monday, May 14 to “Buy”. On Monday, October 26 the stock rating was downgraded by FBR Capital to “Mkt Perform”. The company was maintained on Tuesday, January 23 by Piper Jaffray. The firm earned “Sector Perform” rating on Tuesday, February 9 by RBC Capital Markets. The stock of Thomson Reuters Corporation (NYSE:TRI) earned “Buy” rating by Canaccord Genuity on Monday, May 14. The stock of Thomson Reuters Corporation (NYSE:TRI) earned “Hold” rating by TD Securities on Monday, June 27. The firm earned “Sell” rating on Thursday, April 20 by Berenberg.

More recent Thomson Reuters Corporation (NYSE:TRI) news were published by: Seekingalpha.com which released: “Avalara preps for IPO” on June 13, 2018. Also Seekingalpha.com published the news titled: “Avalara starts first day of trade up 46%” on June 15, 2018. Streetinsider.com‘s news article titled: “Thomson Reuters (TRI) Announces New $1 Billion Buyback” with publication date: June 07, 2018 was also an interesting one.

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 rating was maintained by Stifel Nicolaus on Tuesday, August 15 with “Hold”. Cowen & Co maintained the shares of CSCO in report on Monday, May 14 with “Buy” rating. The firm earned “Buy” rating on Thursday, November 16 by Barclays Capital. The company was maintained on Thursday, August 18 by Drexel Hamilton. The firm has “Buy” rating given on Monday, August 7 by Robert W. Baird. The firm has “Hold” rating given on Thursday, August 13 by Jefferies. RBC Capital Markets maintained it with “Outperform” rating and $30.0 target in Friday, November 13 report. Deutsche Bank maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, February 15. Deutsche Bank has “Buy” rating and $55 target. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Piper Jaffray on Wednesday, April 18. Jefferies maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Tuesday, September 5 with “Buy” rating.

Exxonmobil Investment Management Inc, which manages about $3.47 billion US Long portfolio, upped its stake in Brown (NYSE:BF.B) by 8,902 shares to 40,039 shares, valued at $2.18 million in 2018Q1, according to the filing. It also increased its holding in Becton Dickinson & Co Com (NYSE:BDX) by 4,509 shares in the quarter, for a total of 40,759 shares, and has risen its stake in Lennar Corp Cl A Cl A (NYSE:LEN).

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on August, 15. They expect $0.63 EPS, up 14.55% or $0.08 from last year’s $0.55 per share. CSCO’s profit will be $2.96B for 17.36 P/E if the $0.63 EPS becomes a reality. After $0.60 actual EPS reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 5.00% EPS growth.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Globenewswire.com which released: “Oppenheimer and Cisco to Host Tech Talk on Cisco’s AppDynamics” on May 23, 2018, also Fool.com with their article: “Arista Networks Has a Shiny New Toy” published on June 20, 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: “Nvidia: The Rally Might Just Be Getting Started” published on June 17, 2018 as well as Nasdaq.com‘s news article titled: “Advanced Micro Devices May Still Have Upside at New High” with publication date: June 05, 2018.

Cisco Systems, Inc. (NASDAQ:CSCO) Institutional Positions Chart

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