Cisco Sys (CSCO) Holder Sigma Planning Has Lowered Its Stake by $952,446; First Merchants (FRME) Shareholder Budros Ruhlin & Roe Cut Its Position

February 22, 2018 - By Richard Conner

Sigma Planning Corp decreased its stake in Cisco Sys Inc (CSCO) by 24.53% based on its latest 2017Q3 regulatory filing with the SEC. Sigma Planning Corp sold 28,862 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 88,808 shares of the technology company at the end of 2017Q3, valued at $2.99M, down from 117,670 at the end of the previous reported quarter. Sigma Planning Corp who had been investing in Cisco Sys Inc for a number of months, seems to be less bullish one the $213.66 billion market cap company. The stock decreased 0.21% or $0.0906 during the last trading session, reaching $43.2194. About 15.95 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since February 22, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Budros Ruhlin & Roe Inc decreased its stake in First Merchants Corp (FRME) by 20.21% based on its latest 2017Q3 regulatory filing with the SEC. Budros Ruhlin & Roe Inc sold 8,575 shares as the company’s stock declined 3.41% while stock markets rallied. The institutional investor held 33,863 shares of the major banks company at the end of 2017Q3, valued at $1.45 million, down from 42,438 at the end of the previous reported quarter. Budros Ruhlin & Roe Inc who had been investing in First Merchants Corp for a number of months, seems to be less bullish one the $2.09 billion market cap company. The stock decreased 0.35% or $0.15 during the last trading session, reaching $42.49. About 68,945 shares traded. First Merchants Corporation (NASDAQ:FRME) has risen 59.72% since February 22, 2017 and is uptrending. It has outperformed by 43.02% the S&P500.

Sigma Planning Corp, which manages about $1.21B US Long portfolio, upped its stake in Ishares Tr (LQD) by 39,885 shares to 94,211 shares, valued at $11.42M in 2017Q3, according to the filing. It also increased its holding in First Tr Exchange Traded Fd (FXO) by 17,619 shares in the quarter, for a total of 26,227 shares, and has risen its stake in Ishares Tr (ITOT).

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.16, from 1.18 in 2017Q2. It worsened, 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. 191,861 are owned by Bar Harbor Trust. Cincinnati Finance Corp stated it has 3.64% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Ancora Advsrs Ltd Limited Liability Company reported 208,094 shares stake. Barbara Oil Communications reported 1.6% stake. Filament Limited Company, Washington-based fund reported 6,474 shares. Conning invested in 1.42% or 1.24 million shares. Marshwinds Advisory has invested 1.72% in Cisco Systems, Inc. (NASDAQ:CSCO). Next Fincl owns 46,319 shares for 0.43% of their portfolio. Burns J W Ny reported 11,530 shares stake. 115,632 are held by Hemenway Tru Limited Com. Acg Wealth holds 0.59% or 101,493 shares. Jarislowsky Fraser Limited reported 0.01% stake. Buckingham Asset Mgmt Ltd Company has 59,253 shares. Van Hulzen Asset Ltd Llc holds 1.57% or 138,342 shares. Victory Cap Management, Ohio-based fund reported 386,195 shares.

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 151 analyst reports since August 4, 2015 according to SRatingsIntel. Cowen & Co maintained the shares of CSCO in report on Thursday, November 16 with “Buy” rating. The stock has “Buy” rating by Robert W. Baird on Friday, October 13. Nomura maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, June 29. Nomura has “Hold” rating and $2900 target. The rating was maintained by Oppenheimer with “Outperform” on Friday, February 12. Bernstein maintained it with “Buy” rating and $40.0 target in Monday, November 27 report. On Monday, May 15 the stock rating was upgraded by Morgan Stanley to “Overweight”. The stock has “Buy” rating by Wells Fargo on Tuesday, November 14. Credit Suisse maintained it with “Buy” rating and $4000 target in Thursday, June 29 report. On Wednesday, June 21 the stock rating was maintained by Nomura with “Hold”. The stock has “Buy” rating by RBC Capital Markets on Monday, July 31.

Since August 23, 2017, it had 0 insider buys, and 6 sales for $15.73 million activity. $7.79 million worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by CHAMBERS JOHN T. MCGEARY RODERICK C sold $578,740 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, December 14. The insider Walker Karen sold $740,883. CHANDLER MARK D also sold $2.11 million worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, September 18. $3.89M worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by Robbins Charles on Monday, September 11. BARTZ CAROL sold 200,000 shares worth $7.59 million.

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on May, 16. They expect $0.59 earnings per share, up 9.26% or $0.05 from last year’s $0.54 per share. CSCO’s profit will be $2.92B for 18.31 P/E if the $0.59 EPS becomes a reality. After $0.58 actual earnings per share reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 1.72% EPS growth.

Analysts await First Merchants Corporation (NASDAQ:FRME) to report earnings on April, 26. They expect $0.70 earnings per share, up 25.00% or $0.14 from last year’s $0.56 per share. FRME’s profit will be $34.42 million for 15.18 P/E if the $0.70 EPS becomes a reality. After $0.61 actual earnings per share reported by First Merchants Corporation for the previous quarter, Wall Street now forecasts 14.75% EPS growth.

Budros Ruhlin & Roe Inc, which manages about $1.96B and $327.87 million US Long portfolio, upped its stake in Swedish Expt Cr Corp (RJI) by 143,359 shares to 3.22 million shares, valued at $16.41 million in 2017Q3, according to the filing. It also increased its holding in Spdr S&P 500 Index Etf (SPY) by 5,580 shares in the quarter, for a total of 8,127 shares, and has risen its stake in Carmax Inc (NYSE:KMX).

Investors sentiment decreased to 1.35 in 2017 Q3. Its down 0.05, from 1.4 in 2017Q2. It worsened, as 14 investors sold FRME shares while 51 reduced holdings. 34 funds opened positions while 54 raised stakes. 33.67 million shares or 3.16% more from 32.64 million shares in 2017Q2 were reported. First Tru Advisors Lp has 181,334 shares for 0.02% of their portfolio. Jpmorgan Chase And invested in 0% or 528,474 shares. Brandywine Investment Lc holds 0.03% in First Merchants Corporation (NASDAQ:FRME) or 104,760 shares. 102,770 were accumulated by Systematic Fincl Mngmt Lp. Koch reported 10,421 shares stake. Gsa Capital Partners Llp owns 9,768 shares for 0.03% of their portfolio. Sei Invests reported 53,936 shares stake. State Board Of Administration Of Florida Retirement Sys has invested 0.01% of its portfolio in First Merchants Corporation (NASDAQ:FRME). Natixis invested in 0% or 5,121 shares. Illinois-based Banc Funds Co Limited Liability has invested 0.03% in First Merchants Corporation (NASDAQ:FRME). Vanguard Group Inc Inc reported 3.11 million shares or 0.01% of all its holdings. Hbk Invs Ltd Partnership stated it has 15,300 shares. Qs Invsts Limited Liability accumulated 142,708 shares. Manufacturers Life Insurance The holds 0.05% in First Merchants Corporation (NASDAQ:FRME) or 1.03M shares. 33,863 were accumulated by Budros Ruhlin Roe Inc.

Among 6 analysts covering First Merchants (NASDAQ:FRME), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. First Merchants had 15 analyst reports since August 18, 2015 according to SRatingsIntel. DA Davidson maintained it with “Buy” rating and $30 target in Wednesday, September 28 report. The stock has “Sell” rating by Zacks on Tuesday, August 18. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, December 21. The rating was maintained by Sandler O’Neill with “Hold” on Thursday, January 25. The rating was initiated by DA Davidson on Thursday, July 21 with “Buy”. The stock of First Merchants Corporation (NASDAQ:FRME) earned “Buy” rating by Keefe Bruyette & Woods on Tuesday, December 12. On Friday, October 2 the stock rating was initiated by Stephens with “Equal-Weight”. As per Friday, October 6, the company rating was initiated by Piper Jaffray. Stephens upgraded the shares of FRME in report on Friday, January 29 to “Overweight” rating. As per Sunday, January 28, the company rating was maintained by Piper Jaffray.

Since December 15, 2017, it had 3 buys, and 0 sales for $137,710 activity. Another trade for 11 shares valued at $479 was bought by Sherman Patrick A. WALKER TERRY L also bought $135,577 worth of First Merchants Corporation (NASDAQ:FRME) on Friday, December 15.

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