Chevron (CVX) Shareholder Charter Trust Company Trimmed Holding by $692,757; As Cisco Systems (CSCO) Stock Declined, Webster Bank Trimmed Its Position

February 15, 2018 - By Hazel Jackson

Charter Trust Company decreased its stake in Chevron Corporation (CVX) by 4.89% based on its latest 2017Q3 regulatory filing with the SEC. Charter Trust Company sold 5,921 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 115,283 shares of the integrated oil company at the end of 2017Q3, valued at $13.55 million, down from 121,204 at the end of the previous reported quarter. Charter Trust Company who had been investing in Chevron Corporation for a number of months, seems to be less bullish one the $215.83B market cap company. The stock increased 0.30% or $0.34 during the last trading session, reaching $113.63. About 7.03M shares traded or 10.15% up from the average. Chevron Corporation (NYSE:CVX) has risen 6.68% since February 15, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Webster Bank decreased its stake in Cisco Systems Inc (CSCO) by 22.65% based on its latest 2017Q3 regulatory filing with the SEC. Webster Bank sold 44,679 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 152,582 shares of the technology company at the end of 2017Q3, valued at $5.13M, down from 197,261 at the end of the previous reported quarter. Webster Bank who had been investing in Cisco Systems Inc for a number of months, seems to be less bullish one the $208.08 billion market cap company. The stock increased 2.09% or $0.86 during the last trading session, reaching $42.09. About 43.84 million shares traded or 70.82% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since February 15, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Charter Trust Company, which manages about $826.64M US Long portfolio, upped its stake in Ishares Jp Morgan Emerging Bon (EMB) by 2,639 shares to 21,040 shares, valued at $2.45M in 2017Q3, according to the filing.

Since August 16, 2017, it had 0 insider purchases, and 1 insider sale for $3.06 million activity. The insider Deily Linnet F sold 2,312 shares worth $248,274.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.08, from 1.03 in 2017Q2. It fall, as 43 investors sold CVX shares while 696 reduced holdings. 121 funds opened positions while 584 raised stakes. 1.18 billion shares or 1.43% more from 1.16 billion shares in 2017Q2 were reported. Olstein Cap Mngmt Lp invested 0.26% of its portfolio in Chevron Corporation (NYSE:CVX). Chilton Capital holds 0.08% or 7,129 shares. Amer Beacon Advisors reported 543 shares or 0.76% of all its holdings. L S Inc invested 0.21% of its portfolio in Chevron Corporation (NYSE:CVX). Confluence Investment Management Ltd Limited Liability Company holds 876,407 shares or 1.97% of its portfolio. First Allied Advisory Services stated it has 75,365 shares or 0.38% of all its holdings. Oakworth Incorporated invested in 14,378 shares. 29,156 are owned by Guyasuta Invest Incorporated. Amer Natl Ins Tx invested in 154,795 shares or 0.96% of the stock. Intact Invest Management holds 0.09% of its portfolio in Chevron Corporation (NYSE:CVX) for 17,700 shares. Deprince Race Zollo reported 426,978 shares stake. California-based Stewart And Patten Limited Liability Com has invested 3.08% in Chevron Corporation (NYSE:CVX). Sequoia Advsr Ltd Liability Co holds 8,956 shares or 0.12% of its portfolio. Private Tru Communication Na holds 42,227 shares. Envestnet Asset Mngmt reported 268,110 shares or 0.08% of all its holdings.

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. Chevron Corporation had 114 analyst reports since August 4, 2015 according to SRatingsIntel. Nomura initiated the shares of CVX in report on Friday, March 18 with “Neutral” rating. Bank of America maintained the stock with “Buy” rating in Tuesday, October 3 report. The firm has “Accumulate” rating given on Monday, September 21 by Tudor Pickering. RBC Capital Markets maintained the shares of CVX in report on Friday, October 27 with “Sell” rating. Societe Generale upgraded the shares of CVX in report on Friday, February 2 to “Buy” rating. The company was maintained on Tuesday, August 29 by Jefferies. Bank of America upgraded Chevron Corporation (NYSE:CVX) on Wednesday, January 4 to “Buy” rating. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Thursday, September 28 by Piper Jaffray. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, October 10. The firm earned “Buy” rating on Thursday, July 27 by Cowen & Co.

Webster Bank, which manages about $688.03 million US Long portfolio, upped its stake in Pacific Investment Management Co Llc (MINT) by 8,041 shares to 8,048 shares, valued at $819,000 in 2017Q3, according to the filing. It also increased its holding in Blackrock Fund Advisors (AGG) by 7,557 shares in the quarter, for a total of 101,584 shares, and has risen its stake in Blackrock Fund Advisors (EFA).

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.16, from 1.18 in 2017Q2. It fall, as 74 investors sold CSCO shares while 637 reduced holdings. 107 funds opened positions while 619 raised stakes. 3.60 billion shares or 0.03% more from 3.60 billion shares in 2017Q2 were reported. Burke Herbert Bancorp Tru owns 27,775 shares for 0.84% of their portfolio. 143,097 are held by Boston. Finemark Bank & Trust & Tru, a Florida-based fund reported 452,360 shares. Benchmark Cap Advsrs owns 22,800 shares. Rothschild Asset Management Inc owns 1.24M shares. Cambridge Advsr Inc holds 0.45% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 34,920 shares. Clean Yield has invested 3.1% in Cisco Systems, Inc. (NASDAQ:CSCO). Supplemental Annuity Collective Of Nj reported 74,721 shares. Moreover, Legacy Private Trust has 0.27% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 66,259 shares. Fifth Third Bankshares owns 2.25M shares. Baystate Wealth Llc owns 8,085 shares or 0.05% of their US portfolio. James Invest Rech invested 0.05% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Moreover, Wealthtrust has 0.1% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 5,748 shares. Whittier Trust has invested 0.27% in Cisco Systems, Inc. (NASDAQ:CSCO). Cornerstone Advisors has invested 0.3% in Cisco Systems, Inc. (NASDAQ:CSCO).

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. had 142 analyst reports since August 4, 2015 according to SRatingsIntel. Bank of America downgraded Cisco Systems, Inc. (NASDAQ:CSCO) on Tuesday, April 5 to “Neutral” rating. Citigroup maintained the stock with “Buy” rating in Thursday, August 18 report. The rating was upgraded by OTR Global on Thursday, February 2 to “Positive”. The firm earned “Buy” rating on Tuesday, August 9 by Citigroup. Jefferies maintained the shares of CSCO in report on Thursday, August 13 with “Hold” rating. Piperjaffray maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, August 18. Piperjaffray has “Overweight” rating and $34 target. Credit Suisse maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, May 19 with “Underperform” rating. Piper Jaffray maintained it with “Buy” rating and $36.0 target in Wednesday, August 16 report. The rating was upgraded by Nomura to “Buy” on Monday, February 12. The rating was maintained by Bernstein with “Buy” on Wednesday, June 21.

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on February, 21. They expect $0.53 earnings per share, 0.00% or $0.00 from last year’s $0.53 per share. CSCO’s profit will be $2.62B for 19.85 P/E if the $0.53 EPS becomes a reality. After $0.55 actual earnings per share reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts -3.64% negative EPS growth.

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By1 Hazel Jackson

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