Payden & Rygel Has Raised By $350,880 Its Cisco Systems (CSCO) Holding; Wesco Distribution (WCC) Has 1.2 Sentiment




Cisco Systems, Inc. (NASDAQ:CSCO) Logo

Payden & Rygel increased Cisco Systems (CSCO) stake by 1.25% reported in 2018Q4 SEC filing. Payden & Rygel acquired 8,160 shares as Cisco Systems (CSCO)’s stock rose 8.18%. The Payden & Rygel holds 660,760 shares with $28.63 million value, up from 652,600 last quarter. Cisco Systems now has $232.16 billion valuation. The stock increased 0.29% or $0.15 during the last trading session, reaching $52.74. About 18.04 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 16.80% since March 15, 2018 and is uptrending. It has outperformed by 12.43% the S&P500. Some Historical CSCO News: 16/05/2018 – Cisco Systems 3Q Deferred Revenue Was $19 Billion; 28/03/2018 – Cisco Systems Names Gerri Elliott Exec VP, Chief Sales/Marketing Officer; 06/03/2018 – LaSalle Solutions Renews Cisco Advanced Collaboration Architecture Specialization; 16/05/2018 – CISCO QTRLY INFRASTRUCTURE PLATFORMS REVENUE OF $7,163 MLN, UP 2 PCT; 18/04/2018 – Virtual Instruments Extends Cisco Integration to AppDynamics; 30/05/2018 – CISCO SYSTEMS INC CSCO.O SETS QUARTERLY DIVIDEND OF $0.33/SHR; 07/03/2018 – Cisco Provides ‘Project-Based Challenges’ for Participants in Skills Training With Digital Skills Academy; 15/05/2018 – Saba Adds Chesapeake Energy, Exits AK Steel, Cuts Cisco: 13F; 27/04/2018 – Global $5.8 Bn Digital Forensics Market 2018-2023 – Leading Players are LogRhythm, AccessData, Open Text Corp and Cisco Systems – ResearchAndMarkets.com; 16/05/2018 – Cisco Systems 3Q Operating Cash Flow $2.4B

Wesco Distribution Inc (WCC) investors sentiment increased to 1.2 in 2018 Q4. It’s up 0.31, from 0.89 in 2018Q3. The ratio is positive, as 106 investment professionals opened new and increased stock positions, while 88 cut down and sold positions in Wesco Distribution Inc. The investment professionals in our database now own: 41.96 million shares, down from 43.10 million shares in 2018Q3. Also, the number of investment professionals holding Wesco Distribution Inc in top ten stock positions was flat from 2 to 2 for the same number . Sold All: 27 Reduced: 61 Increased: 79 New Position: 27.

Blue Harbour Group L.P. holds 9.43% of its portfolio in WESCO International, Inc. for 3.68 million shares. Venator Capital Management Ltd. owns 51,700 shares or 2.88% of their US portfolio. Moreover, Edgepoint Investment Group Inc. has 2.26% invested in the company for 3.96 million shares. The Maryland-based Profit Investment Management Llc has invested 2.02% in the stock. Olstein Capital Management L.P., a New York-based fund reported 249,300 shares.

Analysts await WESCO International, Inc. (NYSE:WCC) to report earnings on April, 25. They expect $0.96 earnings per share, up 3.23% or $0.03 from last year’s $0.93 per share. WCC’s profit will be $43.38 million for 13.80 P/E if the $0.96 EPS becomes a reality. After $1.26 actual earnings per share reported by WESCO International, Inc. for the previous quarter, Wall Street now forecasts -23.81% negative EPS growth.

WESCO International, Inc. distributes electrical, industrial, and communication maintenance, repair, and operating products; and original equipment manufacturers products and construction materials in North America and internationally. The company has market cap of $2.40 billion. The firm offers general supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, tapes, splicing and marking equipment, tools and testers, safety, personal protection, sealants, cutting tools, adhesives, consumables, fasteners, janitorial, and other MRO supplies. It has a 11 P/E ratio. It also provides wires, cables, raceways, and metallic and non-metallic conduits; and communications and security products, including structured cabling systems, broadband products, low voltage specialty systems, specialty wire and cable products, equipment racks and cabinets, access controls, alarms, cameras, and paging and voice solutions.

The stock decreased 0.90% or $0.48 during the last trading session, reaching $53. About 298,704 shares traded. WESCO International, Inc. (WCC) has declined 10.76% since March 15, 2018 and is downtrending. It has underperformed by 15.13% the S&P500. Some Historical WCC News: 23/04/2018 – Investor Expectations to Drive Momentum within WESCO International, Microchip Technology, Collegium Pharmaceutical, Actuant, To; 13/03/2018 TABLE-Wesco Holdings 6091.T – 6-MTH group results; 26/04/2018 – Wesco International 1Q EPS 93c; 26/04/2018 – WESCO INTERNATIONAL INC WCC.N SEES FY 2018 SALES UP 5 TO 8 PCT; 22/05/2018 – Wesco at Electrical Products Group Conference Tomorrow; 23/04/2018 – DJ WESCO International Inc, Inst Holders, 1Q 2018 (WCC); 17/05/2018 – Wincove Recapitalizes Nordock to Join Bluff and Wesco in Serving the Material Handling and Warehouse Safety Products Markets; 23/04/2018 – Wesco Presenting at Electrical Products Group Conference May 23; 16/03/2018 – Wesco Closes Above 50-Day Moving Average: Technicals; 02/04/2018 – Fidelity Value Strategies Adds Analog Devices, Exits Wesco

More notable recent WESCO International, Inc. (NYSE:WCC) news were published by: Bizjournals.com which released: “WESCO completes purchase of lighting company – Pittsburgh Business Times” on March 06, 2019, also Benzinga.com with their article: “WESCO International, Inc. Completes Acquisition of OSRAM’s Sylvania Lighting Solutions – Benzinga” published on March 05, 2019, Prnewswire.com published: “WESCO International, Inc. Announces Upcoming Retirement of Sandra Beach Lin from Board of Directors – PRNewswire” on February 19, 2019. More interesting news about WESCO International, Inc. (NYSE:WCC) were released by: Finance.Yahoo.com and their article: “10 Small-Cap Stocks That Look Like Bargains – Yahoo Finance” published on March 06, 2019 as well as Benzinga.com‘s news article titled: “Arista Networks (NYSE:ANET) – Arista Networks Q4 Earnings Preview – Benzinga” with publication date: February 14, 2019.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Nasdaq.com which released: “Better IoT Buy: Sierra Wireless vs. Cisco – Nasdaq” on March 14, 2019, also Seekingalpha.com with their article: “Cisco Systems Impresses – Seeking Alpha” published on February 15, 2019, Nasdaq.com published: “Cisco Earnings: CSCO Stock Surges on Q2 Earnings, Revenue Beat – Nasdaq” on February 13, 2019. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Seekingalpha.com and their article: “Cisco raises dividend by 6% – Seeking Alpha” published on February 13, 2019 as well as Nasdaq.com‘s news article titled: “Has Cisco Systems (CSCO) Outpaced Other Computer and Technology Stocks This Year? – Nasdaq” with publication date: March 08, 2019.

Payden & Rygel decreased United Parcel Service (NYSE:UPS) stake by 8,700 shares to 119,600 valued at $11.67 million in 2018Q4. It also reduced Duke Energy (NYSE:DUK) stake by 92,500 shares and now owns 171,400 shares. Pnc Financial (NYSE:PNC) was reduced too.

Among 13 analysts covering Cisco Systems (NASDAQ:CSCO), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Cisco Systems had 15 analyst reports since November 15, 2018 according to SRatingsIntel. The firm has “Neutral” rating by Credit Suisse given on Thursday, February 14. Bank of America maintained the stock with “Buy” rating in Thursday, February 14 report. On Thursday, February 14 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The rating was maintained by Citigroup on Thursday, February 14 with “Buy”. Robert W. Baird initiated the stock with “Buy” rating in Thursday, November 29 report. Morgan Stanley downgraded Cisco Systems, Inc. (NASDAQ:CSCO) on Tuesday, February 12 to “Equal-Weight” rating. The rating was maintained by Raymond James with “Outperform” on Thursday, November 15. Credit Suisse maintained the stock with “Neutral” rating in Thursday, November 15 report. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Thursday, November 15 report. Nomura downgraded Cisco Systems, Inc. (NASDAQ:CSCO) on Friday, December 14 to “Neutral” rating.

Since September 17, 2018, it had 0 buys, and 8 insider sales for $21.08 million activity. On Friday, November 23 the insider CHANDLER MARK D sold $196,324. Shares for $10.28 million were sold by Robbins Charles on Monday, September 17. $1.52M worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by BHATT PRAT on Friday, November 23. The insider Kramer Kelly A. sold 70,000 shares worth $3.32 million. The insider WEST STEVEN M sold $1.20 million. Tan Irving had sold 28,000 shares worth $1.36 million on Monday, December 3. BURNS M MICHELE sold $209,025 worth of stock or 4,744 shares.

WESCO International, Inc. (NYSE:WCC) Institutional Positions Chart


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