As Buckeye Partners LP (BPL) Stock Value Declined, Trust Asset Management Has Boosted Its Holding by $1.91 Million; Cisco Sys (CSCO) Holder Efg Asset Management Americas Decreased Its Holding

January 13, 2018 - By Vivian Park

Trust Asset Management Llc increased its stake in Buckeye Partners Lp (BPL) by 15.97% based on its latest 2017Q3 regulatory filing with the SEC. Trust Asset Management Llc bought 33,442 shares as the company’s stock declined 5.01% while stock markets rallied. The institutional investor held 242,822 shares of the natural gas distribution company at the end of 2017Q3, valued at $13.84 million, up from 209,380 at the end of the previous reported quarter. Trust Asset Management Llc who had been investing in Buckeye Partners Lp for a number of months, seems to be bullish on the $4.63B market cap company. The stock increased 1.03% or $0.55 during the last trading session, reaching $54.06. About 1.11M shares traded or 36.81% up from the average. Buckeye Partners, L.P. (NYSE:BPL) has declined 5.99% since January 13, 2017 and is downtrending. It has underperformed by 22.69% the S&P500.

Efg Asset Management Americas Corp decreased its stake in Cisco Sys Inc (CSCO) by 50.72% based on its latest 2017Q3 regulatory filing with the SEC. Efg Asset Management Americas Corp sold 17,727 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 17,225 shares of the technology company at the end of 2017Q3, valued at $579,000, down from 34,952 at the end of the previous reported quarter. Efg Asset Management Americas Corp who had been investing in Cisco Sys Inc for a number of months, seems to be less bullish one the $202.05 billion market cap company. The stock increased 1.92% or $0.77 during the last trading session, reaching $40.87. About 23.77 million shares traded or 19.70% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since January 13, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Trust Asset Management Llc, which manages about $633.33 million and $274.55 million US Long portfolio, decreased its stake in Wells Fargo Advantage Income (EAD) by 370,892 shares to 2.60 million shares, valued at $22.71M in 2017Q3, according to the filing.

Among 15 analysts covering Buckeye Partners (NYSE:BPL), 6 have Buy rating, 1 Sell and 8 Hold. Therefore 40% are positive. Buckeye Partners had 45 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Sunday, August 6 by Stifel Nicolaus. As per Thursday, July 13, the company rating was maintained by Stifel Nicolaus. As per Wednesday, September 20, the company rating was maintained by Stifel Nicolaus. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Buy” rating by Goldman Sachs on Monday, September 19. The firm earned “Hold” rating on Sunday, July 30 by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, October 10 by Citigroup. Stifel Nicolaus maintained Buckeye Partners, L.P. (NYSE:BPL) rating on Monday, November 2. Stifel Nicolaus has “Buy” rating and $80 target. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Neutral” rating by Mizuho on Friday, September 30. UBS maintained the stock with “Buy” rating in Tuesday, October 17 report. The firm has “Neutral” rating given on Thursday, December 15 by Goldman Sachs.

Investors sentiment increased to 1 in Q3 2017. Its up 0.03, from 0.97 in 2017Q2. It increased, as 39 investors sold BPL shares while 93 reduced holdings. 29 funds opened positions while 103 raised stakes. 96.89 million shares or 5.45% more from 91.89 million shares in 2017Q2 were reported. Guggenheim Cap Ltd Liability Corporation holds 0% or 27,511 shares in its portfolio. Bb&T has invested 0.02% in Buckeye Partners, L.P. (NYSE:BPL). Creative Planning owns 1.78M shares or 0.47% of their US portfolio. Adams Asset Advsrs Ltd Limited Liability Company reported 60,086 shares. Moreover, Eagle Advisors Limited Company has 4.46% invested in Buckeye Partners, L.P. (NYSE:BPL) for 2.59 million shares. Ct Mason has invested 0.73% in Buckeye Partners, L.P. (NYSE:BPL). Blackhill Cap accumulated 26,581 shares or 0.28% of the stock. Stephens Ar reported 4,804 shares. Castleark Limited Company reported 26,261 shares. First Trust Lp reported 231,747 shares. Natixis stated it has 0.01% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Starr holds 0.67% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL) for 130,000 shares. Country Trust Retail Bank, Illinois-based fund reported 600 shares. Patten Group Inc Incorporated holds 0.02% or 30,227 shares. Sumitomo Mitsui Trust stated it has 52,000 shares.

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.16, from 1.18 in 2017Q2. It turned negative, 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. Mathes Communications reported 0.29% stake. Osborne Partners Management Ltd Liability Com, California-based fund reported 102,864 shares. Alley Co Ltd Liability has 0.89% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 72,867 shares. Grandfield & Dodd Ltd has 0.04% invested in Cisco Systems, Inc. (NASDAQ:CSCO). 61,482 are owned by L & S Advsrs Incorporated. Wilkins Invest Counsel accumulated 85,021 shares. Davenport And Ltd Liability Corporation has 1.73M shares. First Bank Sioux Falls reported 0.76% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Hallmark Capital Mgmt invested 2.28% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Veritable Lp holds 0.25% or 357,442 shares in its portfolio. Millennium Limited Liability Company has 138,190 shares for 0.01% of their portfolio. Twin Management Inc stated it has 406,050 shares or 0.72% of all its holdings. Breton Hill Capital holds 98,717 shares or 0.61% of its portfolio. Bbt Management invested 0.91% in Cisco Systems, Inc. (NASDAQ:CSCO). Chatham Grp invested 2.2% in Cisco Systems, Inc. (NASDAQ:CSCO).

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on February, 21. They expect $0.53 EPS, 0.00% or $0.00 from last year’s $0.53 per share. CSCO’s profit will be $2.62 billion for 19.28 P/E if the $0.53 EPS becomes a reality. After $0.55 actual EPS reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts -3.64% negative EPS growth.

Efg Asset Management Americas Corp, which manages about $1.65 billion and $263.82M US Long portfolio, upped its stake in Ishares Gold Trust (IAU) by 42,062 shares to 225,489 shares, valued at $2.78M in 2017Q3, according to the filing. It also increased its holding in Altria Group Inc (NYSE:MO) by 6,624 shares in the quarter, for a total of 23,503 shares, and has risen its stake in Ishares Tr (IGF).

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