Westchester Capital Management Cut Its Cisco Systems (CSCO) Stake; John Hancock Tax-advantaged Dividend Income Fund Has 1.08 Sentiment

June 29, 2018 - By Darrin Black

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John Hancock Tax-advantaged Dividend Income Fund (HTD) investors sentiment increased to 1.08 in 2018 Q1. It’s up 0.33, from 0.75 in 2017Q4. The ratio improved, as 26 active investment managers opened new or increased equity positions, while 24 decreased and sold their holdings in John Hancock Tax-advantaged Dividend Income Fund. The active investment managers in our database reported: 3.85 million shares, up from 3.32 million shares in 2017Q4. Also, the number of active investment managers holding John Hancock Tax-advantaged Dividend Income Fund in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 10 Reduced: 14 Increased: 12 New Position: 14.

Westchester Capital Management Inc decreased Cisco Systems Inc. (CSCO) stake by 5.77% reported in 2018Q1 SEC filing. Westchester Capital Management Inc sold 16,148 shares as Cisco Systems Inc. (CSCO)’s stock declined 4.63%. The Westchester Capital Management Inc holds 263,830 shares with $11.32 million value, down from 279,978 last quarter. Cisco Systems Inc. now has $203.92B valuation. The stock increased 0.98% or $0.4201 during the last trading session, reaching $43.3601. About 6.82M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 37.60% since June 29, 2017 and is uptrending. It has outperformed by 25.03% the S&P500. Some Historical CSCO News: 04/04/2018 – FACTBOX-U.S. winners and losers from trade tit-for-tat; 16/05/2018 – Cisco Looks to Show Revenue Growth Wasn’t a Blip — Earnings Preview; 29/03/2018 – The Information: AT&T Develops Networking Switch, in Blow to Cisco; 15/05/2018 – Cisco presents Global Knowledge with the 2018 Learning Partner of the Year – Americas award, making Global Knowledge an eight time winner; 16/03/2018 – FEYE: FireEye in focus as Cisco, Symantec watch turnaround [MORE; 12/05/2018 – Arista Takes Aim at a Key Cisco Business — Barron’s; 16/05/2018 – CISCO 3Q ADJ EPS 66C, EST. 65C; 16/04/2018 – Gong.io Extends A1 Funding Round With Investment From Cisco Investments; 16/05/2018 – CISCO – TOTAL PRE-TAX CASH CHARGES TO GAAP FINANCIAL RESULTS RELATED TO RESTRUCTURING PLAN IS ESTIMATED TO BE ABOUT $300 MLN; 13/03/2018 – Cisco Systems, Inc. vs TQ Delta, LLC | FWD Entered | 03/12/2018

John Hancock Tax-Advantaged Dividend Income Fund is a closed ended equity mutual fund launched and managed by John Hancock Advisers, LLC. The company has market cap of $827.30 million. It is co-managed by John Hancock Asset Management and Analytic Investors, LLC. It currently has negative earnings. The fund invests in the public equity markets of the United States.

Founders Financial Securities Llc holds 1.16% of its portfolio in John Hancock Tax-Advantaged Dividend Income Fund for 164,961 shares. Shaker Financial Services Llc owns 56,350 shares or 0.59% of their US portfolio. Moreover, Cornerstone Advisors Inc has 0.58% invested in the company for 225,768 shares. The United Kingdom-based City Of London Investment Management Co Ltd has invested 0.37% in the stock. Mathes Company Inc., a New York-based fund reported 15,250 shares.

The stock increased 0.86% or $0.1999 during the last trading session, reaching $23.3799. About 28,595 shares traded. John Hancock Tax-Advantaged Dividend Income Fund (HTD) has declined 10.93% since June 29, 2017 and is downtrending. It has underperformed by 23.50% the S&P500.

Investors sentiment decreased to 0.73 in 2018 Q1. Its down 0.30, from 1.03 in 2017Q4. It is negative, 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. Bokf Na invested in 694,664 shares. Duncker Streett holds 54,605 shares or 0.59% of its portfolio. Cap Ww holds 0.01% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 545,000 shares. Massachusetts-based North Amer Mngmt has invested 0.05% in Cisco Systems, Inc. (NASDAQ:CSCO). Newman Dignan Sheerar invested in 49,509 shares or 1.08% of the stock. Everett Harris & Ca stated it has 0.01% in Cisco Systems, Inc. (NASDAQ:CSCO). Dearborn Prns Ltd has invested 0.08% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). St Johns Mngmt Limited Liability holds 1.01% or 31,010 shares. Grand Jean Cap invested in 7,500 shares. Avalon Advsrs Ltd Limited Liability Company has 1.84% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Moreover, Oak Assocs Oh has 4.93% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 1.65M shares. Aristotle Mgmt Lc has invested 0% in Cisco Systems, Inc. (NASDAQ:CSCO). Apriem stated it has 124,689 shares or 1.3% of all its holdings. Old Mutual Customised Solutions (Proprietary) Limited invested in 284,007 shares or 1.24% of the stock. 17,437 were reported by Sunbelt Securities Incorporated.

Since February 20, 2018, it had 0 buys, and 4 selling transactions for $3.63 million activity. $940,559 worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by Goeckeler David on Thursday, March 15. 12,126 shares valued at $550,153 were sold by BURNS M MICHELE on Monday, February 26. Another trade for 14,189 shares valued at $625,751 was sold by SARIN ARUN.

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on August, 15. They expect $0.63 earnings per share, up 14.55% or $0.08 from last year’s $0.55 per share. CSCO’s profit will be $2.96B for 17.21 P/E if the $0.63 EPS becomes a reality. After $0.60 actual earnings per share reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 5.00% EPS growth.

Among 25 analysts covering Cisco Systems (NASDAQ:CSCO), 20 have Buy rating, 0 Sell and 5 Hold. Therefore 80% are positive. Cisco Systems had 41 analyst reports since January 5, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, March 23 by Goldman Sachs. The firm has “Buy” rating by Cowen & Co given on Monday, June 4. The firm has “Buy” rating given on Thursday, February 15 by Raymond James. The rating was maintained by Deutsche Bank with “Buy” on Thursday, February 15. The firm has “Buy” rating by Citigroup given on Tuesday, February 13. The company was upgraded on Monday, February 12 by Nomura. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Thursday, May 17 by UBS. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Friday, June 8 by Oppenheimer. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Wednesday, January 10 by Piper Jaffray. J.P. Morgan maintained the stock with “Buy” rating in Monday, June 11 report.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Seekingalpha.com which released: “Cisco Is Growing Revenues Again” on June 28, 2018, also Bizjournals.com with their article: “Puppet raises $42M, will continue dramatic global expansion” published on June 27, 2018, Seekingalpha.com published: “Cisco Systems, Inc. (CSCO) Management Presents at NASDAQ 38th Investor Program Conference (Transcript)” on June 12, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Seekingalpha.com and their article: “Microsoft Vs. Cisco: 2 Of The Best Technology Stocks” published on June 28, 2018 as well as Seekingalpha.com‘s news article titled: “Cisco Systems Is Ripe For A Pullback” with publication date: June 18, 2018.

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

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