Farmers Trust Co. Has $6.59 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

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Farmers Trust Co. lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 10.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 137,488 shares of the network equipment provider’s stock after selling 16,099 shares during the quarter. Cisco Systems comprises about 1.7% of Farmers Trust Co.’s portfolio, making the stock its 15th largest holding. Farmers Trust Co.’s holdings in Cisco Systems were worth $6,594,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CSCO. Cordasco Financial Network increased its position in Cisco Systems by 78.4% during the third quarter. Cordasco Financial Network now owns 1,142 shares of the network equipment provider’s stock worth $56,000 after acquiring an additional 502 shares during the period. Phocas Financial Corp. bought a new position in Cisco Systems during the second quarter worth about $82,000. Larson Financial Group LLC increased its position in Cisco Systems by 408.5% during the third quarter. Larson Financial Group LLC now owns 1,561 shares of the network equipment provider’s stock worth $77,000 after acquiring an additional 1,254 shares during the period. Neo Ivy Capital Management bought a new position in Cisco Systems during the second quarter worth about $89,000. Finally, Ellevest Inc. increased its position in Cisco Systems by 32.3% during the second quarter. Ellevest Inc. now owns 1,810 shares of the network equipment provider’s stock worth $99,000 after acquiring an additional 442 shares during the period. Institutional investors own 72.55% of the company’s stock.

A number of research firms recently commented on CSCO. Wells Fargo & Co reaffirmed a “buy” rating and set a $58.00 price target (down from $60.00) on shares of Cisco Systems in a research report on Thursday, November 14th. Royal Bank of Canada set a $56.00 price target on shares of Cisco Systems and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Zacks Investment Research raised shares of Cisco Systems from a “sell” rating to a “hold” rating and set a $50.00 price target on the stock in a research report on Wednesday. Credit Suisse Group set a $46.00 price target on shares of Cisco Systems and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, BidaskClub lowered shares of Cisco Systems from a “hold” rating to a “sell” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $54.69.

CSCO stock opened at $48.01 on Thursday. The company has a quick ratio of 1.64, a current ratio of 1.70 and a debt-to-equity ratio of 0.42. Cisco Systems, Inc. has a 12 month low of $43.40 and a 12 month high of $58.26. The firm has a market cap of $202.74 billion, a P/E ratio of 16.85, a P/E/G ratio of 2.78 and a beta of 1.23. The company’s 50-day moving average price is $46.45 and its two-hundred day moving average price is $49.14.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 13th. The network equipment provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. Cisco Systems had a net margin of 21.15% and a return on equity of 35.01%. The firm had revenue of $13.16 billion for the quarter, compared to analyst estimates of $13.09 billion. During the same period last year, the firm earned $0.75 EPS. The business’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts predict that Cisco Systems, Inc. will post 2.94 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.92%. The ex-dividend date is Thursday, January 2nd. Cisco Systems’s dividend payout ratio is currently 49.12%.

In other Cisco Systems news, EVP Irving Tan sold 28,093 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $45.36, for a total value of $1,274,298.48. Following the transaction, the executive vice president now directly owns 151,587 shares of the company’s stock, valued at approximately $6,875,986.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $564,471.57. The disclosure for this sale can be found here. Over the last three months, insiders sold 388,864 shares of company stock worth $17,474,321. Insiders own 0.03% of the company’s stock.

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 Do You Calculate Return on Equity (ROE)?

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

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