As Avery Dennison Corp. (AVY) Share Price Declined, Shareholder Fiduciary Management Trimmed Its Holding; Oarsman Capital Lowered Cisco Systems (CSCO) Stake as Market Valuation Declined

August 10, 2018 - By Jimmy Cauthen

Cisco Systems, Inc. (NASDAQ:CSCO) Logo

Fiduciary Management Inc decreased its stake in Avery Dennison Corp. (AVY) by 1.4% based on its latest 2018Q1 regulatory filing with the SEC. Fiduciary Management Inc sold 9,931 shares as the company’s stock declined 9.68% with the market. The institutional investor held 699,007 shares of the containers and packaging company at the end of 2018Q1, valued at $74.27 million, down from 708,938 at the end of the previous reported quarter. Fiduciary Management Inc who had been investing in Avery Dennison Corp. for a number of months, seems to be less bullish one the $9.74B market cap company. The stock increased 0.06% or $0.07 during the last trading session, reaching $111.44. About 352,749 shares traded. Avery Dennison Corporation (NYSE:AVY) has risen 29.40% since August 10, 2017 and is uptrending. It has outperformed by 16.83% the S&P500. Some Historical AVY News: 26/04/2018 – AVERY DENNISON CORP AVY.N INCREASES QUARTERLY CASH DIVIDEND BY 16 PCT TO $0.52/SHR; 25/04/2018 – AVERY DENNISON CORP – MAJORITY OF CASH PAYMENTS ASSOCIATED WITH ACCRUALS WILL BE MADE IN 2019; 28/03/2018 AVERY DENNISON CORP AVY.N : BMO STARTS WITH MARKET PERFORM AND $120 TARGET PRICE; 25/04/2018 – AVERY DENNISON CORP – RAISED FY18 GUIDANCE MIDPOINT FOR ADJUSTED EPS BY $0.13; 25/04/2018 – Avery Dennison 1Q EPS $1.40; 25/04/2018 – Avery Dennison 1Q Adj EPS $1.44; 04/04/2018 – Avery Dennison Closes Above 200-Day Moving Average: Technicals; 25/04/2018 – AVERY DENNISON CORP – RESTRUCTURING PLAN EXPECTED TO RESULT IN A NET REDUCTION IN HEADCOUNT OF ABOUT 150 POSITIONS; 25/04/2018 – AVERY DENNISON – EXPECTS RESTRUCTURING PLAN RELATED TO EUROPEAN FOOTPRINT OF LABEL, GRAPHIC MATERIALS SEGMENT TO BE LARGELY COMPLETE BY END OF 2019; 25/04/2018 – Avery Dennison Sees 2018 EPS $4.90-EPS $5.10

Oarsman Capital Inc decreased its stake in Cisco Systems Inc. (CSCO) by 15.01% based on its latest 2018Q1 regulatory filing with the SEC. Oarsman Capital Inc sold 17,590 shares as the company’s stock declined 4.63% with the market. The institutional investor held 99,624 shares of the technology company at the end of 2018Q1, valued at $4.27 million, down from 117,214 at the end of the previous reported quarter. Oarsman Capital Inc who had been investing in Cisco Systems Inc. for a number of months, seems to be less bullish one the $210.72B market cap company. The stock decreased 1.15% or $0.51 during the last trading session, reaching $43.74. About 19.03 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 37.60% since August 10, 2017 and is uptrending. It has outperformed by 25.03% the S&P500. Some Historical CSCO News: 25/04/2018 – Techedge picks Banca Imi, Intermonte and NCTM for STAR IPO; 08/05/2018 – NetBrain Announces Integration with Cisco ACI to Further Enhance End-to-End Visibility and Automation for Application-Centric Networks; 14/05/2018 – Nordea Adds NCI Building, Exits Broadcom, Cuts Cisco: 13F; 07/05/2018 – lnternet2 lnclusivity Award Recipients, Network Startup Resource Center-lnternet2 Fellows Announced; 07/03/2018 – Cisco Brings Visibility and Insights to IT’s Biggest Blind Spot: The WAN; 04/04/2018 – CISCO SYSTEMS INC IS CONCERNED TRUMP ADMINISTRATION TARIFFS “MAY HARM AMERICAN CONSUMERS AND THE US ECONOMY MORE THAN IMPACTING ALLEGED CHINESE TRADE PRACTICES” – COMPANY SPOKESWOMAN; 13/03/2018 – Cisco Meraki Takes its Bug Bounty Program Public with Bugcrowd; 10/05/2018 – The U.S. government needs to work harder to support more start-ups and foster technological innovation, according to venture capitalist and former Cisco CEO John Chambers; 17/05/2018 – Tech Down After Cisco Outlook — Tech Roundup; 26/03/2018 – Cisco Systems Gives $50M to Combat California Homelessness

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 174 analyst reports since August 4, 2015 according to SRatingsIntel. Robert W. Baird maintained the shares of CSCO in report on Monday, August 7 with “Buy” rating. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Goldman Sachs on Thursday, August 13. As per Wednesday, June 28, the company rating was maintained by BMO Capital Markets. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Oppenheimer on Wednesday, June 21. The firm earned “Buy” rating on Wednesday, August 5 by Wells Fargo. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Jefferies on Wednesday, August 17. Barclays Capital maintained the stock with “Overweight” rating in Thursday, May 19 report. The company was maintained on Friday, November 3 by Cowen & Co. The firm earned “Buy” rating on Wednesday, June 21 by Bernstein. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, August 15.

Since February 20, 2018, it had 0 insider purchases, and 4 insider sales for $3.63 million activity. $625,751 worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by SARIN ARUN on Tuesday, February 20. $550,153 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by BURNS M MICHELE.

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on August, 15 after the close. They expect $0.63 EPS, up 14.55% or $0.08 from last year’s $0.55 per share. CSCO’s profit will be $3.04 billion 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: Nasdaq.com which released: “7 Tech Stocks That Pay Dividends” on August 07, 2018, also Nasdaq.com with their article: “Amazon Isn’t Coming After Cisco, After All” published on July 20, 2018, Seekingalpha.com published: “Cisco: The Amazon Sell-Off Is Silly” on July 16, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Nasdaq.com and their article: “3 Dividend Stocks Perfect for Retirees” published on August 07, 2018 as well as Seekingalpha.com‘s news article titled: “Cisco: Buyback By The Numbers” with publication date: July 25, 2018.

Investors sentiment decreased to 0.73 in Q1 2018. Its down 0.30, from 1.03 in 2017Q4. It dived, 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. Vestor Capital Limited Liability Company reported 64,210 shares. Parkwood Ltd invested in 119,559 shares. Patten Patten Inc Tn reported 299,512 shares. Clarkston Capital Partners Limited Liability Company has invested 1.43% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Missouri-based Jag Capital Mngmt Ltd Liability has invested 0.04% in Cisco Systems, Inc. (NASDAQ:CSCO). 11,000 were reported by Cove Street Ltd. Fcg Advsrs Lc owns 15,574 shares. First Citizens Bancorporation And Tru holds 234,872 shares or 1.37% of its portfolio. Fort Ltd Partnership reported 6.46% stake. Cap Guardian Trust reported 0% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Eqis Cap Mgmt holds 0.26% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 120,974 shares. Spinnaker Tru invested 0.73% in Cisco Systems, Inc. (NASDAQ:CSCO). First Bancorp Of Mount Dora Invest accumulated 8,591 shares. Meeder Asset Mgmt has invested 0.44% in Cisco Systems, Inc. (NASDAQ:CSCO). The Minnesota-based Palisade Asset Management Ltd Liability has invested 2.74% in Cisco Systems, Inc. (NASDAQ:CSCO).

Since February 14, 2018, it had 0 insider purchases, and 9 sales for $16.13 million activity. Anderson Anthony sold $325,466 worth of stock. Butier Mitchell R sold $889,275 worth of Avery Dennison Corporation (NYSE:AVY) on Thursday, February 22. $2.50 million worth of stock was sold by Hill Anne on Thursday, February 22. Miller Susan C sold $376,753 worth of Avery Dennison Corporation (NYSE:AVY) on Tuesday, February 27.

Investors sentiment decreased to 0.76 in 2018 Q1. Its down 0.29, from 1.05 in 2017Q4. It is negative, as 37 investors sold AVY shares while 210 reduced holdings. 66 funds opened positions while 121 raised stakes. 69.95 million shares or 0.55% more from 69.57 million shares in 2017Q4 were reported. Advisory Ser Net Limited Liability Company holds 90 shares. Ajo Lp reported 35,022 shares. Great Lakes Llc invested 0.03% of its portfolio in Avery Dennison Corporation (NYSE:AVY). Stevens Mngmt Limited Partnership reported 71,608 shares. Middleton And Company Ma invested 0.24% of its portfolio in Avery Dennison Corporation (NYSE:AVY). Engineers Gate Manager Ltd Partnership accumulated 25,228 shares. Ftb Advsr Inc has invested 0% in Avery Dennison Corporation (NYSE:AVY). First Trust Limited Partnership owns 288,872 shares. 8,858 are held by Cibc Asset Mngmt. 659 were reported by Assetmark Inc. Boston Family Office Ltd Llc owns 3,694 shares. First Interstate Bancshares accumulated 0% or 20 shares. Rampart Mgmt Ltd Com reported 12,304 shares. Kbc Group Inc Nv holds 0.24% or 245,517 shares. Gw Henssler Ltd holds 2,043 shares or 0.02% of its portfolio.

Analysts await Avery Dennison Corporation (NYSE:AVY) to report earnings on October, 24. They expect $1.47 EPS, up 16.67% or $0.21 from last year’s $1.26 per share. AVY’s profit will be $128.51M for 18.95 P/E if the $1.47 EPS becomes a reality. After $1.66 actual EPS reported by Avery Dennison Corporation for the previous quarter, Wall Street now forecasts -11.45% negative EPS growth.

Fiduciary Management Inc, which manages about $20.63 billion and $16.34B US Long portfolio, upped its stake in Berkshire Hath. Cl B (BRKB) by 13,071 shares to 3.67M shares, valued at $731.31M in 2018Q1, according to the filing. It also increased its holding in Ebay Inc. (NASDAQ:EBAY) by 247,719 shares in the quarter, for a total of 13.51 million shares, and has risen its stake in Omnicom Group (NYSE:OMC).

Among 11 analysts covering Avery Dennison (NYSE:AVY), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Avery Dennison had 45 analyst reports since October 15, 2015 according to SRatingsIntel. Barclays Capital maintained Avery Dennison Corporation (NYSE:AVY) on Monday, July 30 with “Overweight” rating. Robert W. Baird maintained the shares of AVY in report on Tuesday, October 10 with “Buy” rating. As per Friday, February 2, the company rating was maintained by KeyBanc Capital Markets. The firm has “Buy” rating by Citigroup given on Wednesday, July 25. The firm earned “Neutral” rating on Thursday, April 26 by JP Morgan. The rating was maintained by Barclays Capital with “Overweight” on Monday, October 30. KeyBanc Capital Markets maintained Avery Dennison Corporation (NYSE:AVY) on Monday, October 23 with “Hold” rating. The rating was maintained by Robert W. Baird on Wednesday, January 10 with “Buy”. The firm has “Sell” rating by J.P. Morgan given on Friday, March 16. The firm earned “Hold” rating on Wednesday, September 20 by KeyBanc Capital Markets.

More recent Avery Dennison Corporation (NYSE:AVY) news were published by: Benzinga.com which released: “Earnings Scheduled For July 24, 2018” on July 24, 2018. Also Marketwatch.com published the news titled: “Another company just cut its pension plan — what to do if it happens to you” on July 11, 2018. Benzinga.com‘s news article titled: “46 Biggest Movers From Yesterday” with publication date: July 25, 2018 was also an interesting one.

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

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