Measured Wealth Private Client Group LLC Trims Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

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Measured Wealth Private Client Group LLC lessened its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 39.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,431 shares of the network equipment provider’s stock after selling 8,900 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Cisco Systems were worth $664,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Lord Abbett & CO. LLC boosted its stake in shares of Cisco Systems by 0.8% in the 4th quarter. Lord Abbett & CO. LLC now owns 6,155,166 shares of the network equipment provider’s stock worth $266,703,000 after buying an additional 46,385 shares during the last quarter. Semmax Financial Advisors Inc. bought a new stake in Cisco Systems during the fourth quarter valued at about $126,000. Foresters Investment Management Company Inc. raised its holdings in Cisco Systems by 0.7% during the fourth quarter. Foresters Investment Management Company Inc. now owns 1,439,475 shares of the network equipment provider’s stock valued at $62,372,000 after acquiring an additional 9,600 shares during the period. Cohen & Steers Inc. bought a new stake in Cisco Systems during the fourth quarter valued at about $51,000. Finally, Stamos Capital Partners L.P. bought a new stake in Cisco Systems during the fourth quarter valued at about $2,496,000. 73.31% of the stock is currently owned by institutional investors.

In other Cisco Systems news, CFO Kelly A. Kramer sold 70,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $46.72, for a total transaction of $3,270,400.00. Following the completion of the transaction, the chief financial officer now owns 277,548 shares in the company, valued at $12,967,042.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles Robbins sold 18,955 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $50.04, for a total value of $948,508.20. The disclosure for this sale can be found here. Insiders have sold 193,130 shares of company stock valued at $9,359,179 in the last 90 days. Company insiders own 0.03% of the company’s stock.

A number of research firms have commented on CSCO. Robert W. Baird set a $54.00 price target on Cisco Systems and gave the company a “buy” rating in a report on Friday, September 13th. Goldman Sachs Group cut Cisco Systems from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $56.00 to $48.00 in a report on Thursday. MKM Partners reduced their target price on Cisco Systems from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Evercore ISI began coverage on Cisco Systems in a report on Wednesday, September 11th. They issued an “outperform” rating and a $60.00 target price on the stock. Finally, Royal Bank of Canada reduced their target price on Cisco Systems from $64.00 to $53.00 and set an “outperform” rating on the stock in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $56.04.

NASDAQ CSCO traded up $1.00 during trading hours on Friday, hitting $47.15. 615,069 shares of the company were exchanged, compared to its average volume of 19,983,844. The stock has a 50-day moving average price of $48.15 and a 200 day moving average price of $53.22. The company has a quick ratio of 1.46, a current ratio of 1.51 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 52 week low of $40.25 and a 52 week high of $58.26. The stock has a market cap of $196.94 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 2.24 and a beta of 1.28.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. Cisco Systems had a return on equity of 32.43% and a net margin of 22.39%. The company had revenue of $13.43 billion for the quarter, compared to analysts’ expectations of $13.39 billion. During the same period in the previous year, the firm posted $0.70 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Friday, October 4th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, October 3rd. This represents a $1.40 annualized dividend and a yield of 2.97%. Cisco Systems’s payout ratio is currently 49.12%.

About Cisco Systems

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 to Invest in a Bull Market

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

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