Cisco Systems, Inc. (CSCO) Stake Lifted by Mutual Advisors LLC

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Mutual Advisors LLC lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 9.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,553 shares of the network equipment provider’s stock after acquiring an additional 8,700 shares during the quarter. Cisco Systems accounts for approximately 1.0% of Mutual Advisors LLC’s portfolio, making the stock its 11th largest holding. Mutual Advisors LLC’s holdings in Cisco Systems were worth $4,413,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CSCO. FCG Advisors LLC grew its position in Cisco Systems by 7.9% during the first quarter. FCG Advisors LLC now owns 15,574 shares of the network equipment provider’s stock worth $668,000 after buying an additional 1,140 shares during the period. Forbes J M & Co. LLP grew its position in Cisco Systems by 0.5% during the second quarter. Forbes J M & Co. LLP now owns 217,760 shares of the network equipment provider’s stock worth $9,370,000 after buying an additional 1,163 shares during the period. Peachtree Investment Advisors Inc. grew its position in Cisco Systems by 2.7% during the second quarter. Peachtree Investment Advisors Inc. now owns 44,093 shares of the network equipment provider’s stock worth $1,897,000 after buying an additional 1,175 shares during the period. Flagship Harbor Advisors LLC grew its position in Cisco Systems by 4.7% during the second quarter. Flagship Harbor Advisors LLC now owns 27,206 shares of the network equipment provider’s stock worth $1,170,000 after buying an additional 1,215 shares during the period. Finally, Bogart Wealth LLC grew its position in Cisco Systems by 2.3% during the second quarter. Bogart Wealth LLC now owns 55,611 shares of the network equipment provider’s stock worth $2,392,000 after buying an additional 1,241 shares during the period. Institutional investors and hedge funds own 69.52% of the company’s stock.

Shares of CSCO opened at $46.44 on Friday. The company has a current ratio of 2.11, a quick ratio of 2.05 and a debt-to-equity ratio of 0.42. The company has a market cap of $233.12 billion, a P/E ratio of 19.28, a PEG ratio of 2.83 and a beta of 1.15. Cisco Systems, Inc. has a 1 year low of $37.35 and a 1 year high of $49.47.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, November 14th. The network equipment provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.03. The business had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $12.86 billion. Cisco Systems had a net margin of 2.52% and a return on equity of 25.58%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 earnings per share. On average, equities analysts predict that Cisco Systems, Inc. will post 2.7 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Friday, January 4th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, January 3rd. Cisco Systems’s payout ratio is 56.41%.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. Robert W. Baird reiterated an “outperform” rating and issued a $53.00 price target on shares of Cisco Systems in a research report on Thursday, November 29th. BidaskClub upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. William Blair reiterated an “outperform” rating on shares of Cisco Systems in a research report on Thursday, August 16th. Finally, Piper Jaffray Companies set a $53.00 price target on shares of Cisco Systems and gave the company an “overweight” rating in a research report on Monday, October 1st. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $50.26.

In related news, Chairman Charles Robbins sold 217,420 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $47.28, for a total transaction of $10,279,617.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kelly A. Kramer sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $47.20, for a total transaction of $3,304,000.00. Following the transaction, the chief financial officer now directly owns 720,930 shares in the company, valued at approximately $34,027,896. The disclosure for this sale can be found here. Insiders have sold 586,943 shares of company stock worth $27,718,423 in the last three months. Insiders own 0.03% of the company’s stock.

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Cisco Systems Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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