F&V Capital Management LLC boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,650 shares of the network equipment provider’s stock after purchasing an additional 6,545 shares during the period. Cisco Systems makes up about 3.2% of F&V Capital Management LLC’s investment portfolio, making the stock its 12th biggest holding. F&V Capital Management LLC’s holdings in Cisco Systems were worth $5,930,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cordasco Financial Network boosted its position in Cisco Systems by 78.4% in the 3rd quarter. Cordasco Financial Network now owns 1,142 shares of the network equipment provider’s stock valued at $56,000 after buying an additional 502 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in Cisco Systems by 21.1% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 1,483,927 shares of the network equipment provider’s stock valued at $75,000 after buying an additional 258,073 shares during the last quarter. Larson Financial Group LLC boosted its position in Cisco Systems by 408.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,561 shares of the network equipment provider’s stock valued at $77,000 after buying an additional 1,254 shares during the last quarter. Phocas Financial Corp. purchased a new position in Cisco Systems in the 2nd quarter valued at about $82,000. Finally, Neo Ivy Capital Management purchased a new position in Cisco Systems in the 2nd quarter valued at about $89,000. Hedge funds and other institutional investors own 72.55% of the company’s stock.
Shares of CSCO stock opened at $48.01 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.64 and a current ratio of 1.70. Cisco Systems, Inc. has a one year low of $43.40 and a one year high of $58.26. The company’s 50-day simple moving average is $46.45 and its 200-day simple moving average is $49.14. The stock has a market capitalization of $202.74 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 2.78 and a beta of 1.23.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.40 annualized dividend and a dividend yield of 2.92%. Cisco Systems’s payout ratio is 49.12%.
In other Cisco Systems news, CEO Charles Robbins sold 12,597 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $44.81, for a total value of $564,471.57. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kelly A. Kramer sold 70,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $45.19, for a total transaction of $3,163,300.00. Following the completion of the transaction, the chief financial officer now directly owns 352,587 shares in the company, valued at approximately $15,933,406.53. The disclosure for this sale can be found here. Insiders sold 388,864 shares of company stock worth $17,474,321 in the last three months. 0.03% of the stock is currently owned by corporate insiders.
A number of research firms have weighed in on CSCO. Edward Jones raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Bank of America cut shares of Cisco Systems from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Barclays raised shares of Cisco Systems from an “equal weight” rating to an “overweight” rating and set a $53.00 price objective for the company in a research report on Thursday, December 19th. Credit Suisse Group set a $46.00 price objective on shares of Cisco Systems and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, UBS Group reissued a “buy” rating and issued a $54.00 price objective (down from $58.00) on shares of Cisco Systems in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $54.69.
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.
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