F&V Capital Management LLC cut its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,380 shares of the network equipment provider’s stock after selling 4,830 shares during the period. Cisco Systems accounts for about 3.9% of F&V Capital Management LLC’s portfolio, making the stock its 6th largest position. F&V Capital Management LLC’s holdings in Cisco Systems were worth $7,521,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Opes Advisors Inc lifted its position in Cisco Systems by 0.6% in the second quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock valued at $236,000 after buying an additional 44 shares during the last quarter. Leisure Capital Management lifted its position in shares of Cisco Systems by 0.6% during the second quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock worth $233,000 after purchasing an additional 48 shares in the last quarter. GM Advisory Group Inc. lifted its position in shares of Cisco Systems by 0.3% during the second quarter. GM Advisory Group Inc. now owns 19,548 shares of the network equipment provider’s stock worth $612,000 after purchasing an additional 61 shares in the last quarter. MEMBERS Trust Co lifted its position in shares of Cisco Systems by 0.7% during the second quarter. MEMBERS Trust Co now owns 12,580 shares of the network equipment provider’s stock worth $394,000 after purchasing an additional 90 shares in the last quarter. Finally, Heritage Trust Co lifted its position in shares of Cisco Systems by 1.2% during the second quarter. Heritage Trust Co now owns 8,381 shares of the network equipment provider’s stock worth $262,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 77.65% of the company’s stock.
Cisco Systems, Inc. (CSCO) traded up $0.10 during trading hours on Wednesday, reaching $45.26. The company had a trading volume of 16,495,278 shares, compared to its average volume of 28,663,879. The company has a quick ratio of 2.38, a current ratio of 2.43 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 52-week low of $30.36 and a 52-week high of $46.16. The firm has a market capitalization of $218,140.00, a price-to-earnings ratio of -141.33, a price-to-earnings-growth ratio of 3.06 and a beta of 1.10.
Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, February 14th. The network equipment provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $11.89 billion for the quarter, compared to analyst estimates of $11.82 billion. Cisco Systems had a positive return on equity of 17.77% and a negative net margin of 3.00%. During the same period in the prior year, the firm posted $0.57 EPS. sell-side analysts anticipate that Cisco Systems, Inc. will post 2.32 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Thursday, April 5th will be given a $0.33 dividend. The ex-dividend date is Wednesday, April 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.92%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.29. Cisco Systems’s dividend payout ratio (DPR) is currently -362.50%.
Cisco Systems declared that its board has authorized a stock buyback program on Wednesday, February 14th that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the network equipment provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
CSCO has been the topic of a number of recent research reports. Barclays upped their target price on shares of Cisco Systems from $37.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $35.78 price target on the stock. in a research note on Friday, November 17th. Cowen restated a “buy” rating on shares of Cisco Systems in a research report on Friday, November 17th. Zacks Investment Research lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $45.00 price target (up from $40.00) on shares of Cisco Systems in a report on Thursday, November 16th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Cisco Systems has an average rating of “Buy” and an average price target of $44.04.
In other news, SVP Rebecca Jacoby sold 75,021 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total value of $2,882,306.82. Following the transaction, the senior vice president now directly owns 257,476 shares in the company, valued at approximately $9,892,227.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roderick C. Mcgeary sold 15,230 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.00, for a total value of $578,740.00. Following the completion of the transaction, the director now owns 113,154 shares in the company, valued at $4,299,852. The disclosure for this sale can be found here. Over the last three months, insiders sold 116,566 shares of company stock valued at $4,636,938. 0.05% of the stock is currently owned by insiders.
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Cisco Systems Profile
Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).
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