Kidder Stephen W Sells 300 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

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Kidder Stephen W reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,550 shares of the network equipment provider’s stock after selling 300 shares during the quarter. Kidder Stephen W’s holdings in Cisco Systems were worth $650,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of CSCO. Cordasco Financial Network grew its stake in shares of Cisco Systems by 78.4% in 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. Candriam Luxembourg S.C.A. raised its holdings in shares of Cisco Systems by 21.1% during the third quarter. Candriam Luxembourg S.C.A. now owns 1,483,927 shares of the network equipment provider’s stock valued at $75,000 after purchasing an additional 258,073 shares during the last quarter. Larson Financial Group LLC lifted 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 valued at $77,000 after purchasing an additional 1,254 shares during the period. Phocas Financial Corp. bought a new position in Cisco Systems during the second quarter valued at approximately $82,000. Finally, Neo Ivy Capital Management bought a new position in Cisco Systems during the second quarter valued at approximately $89,000. 72.55% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ CSCO opened at $48.01 on Thursday. Cisco Systems, Inc. has a 52 week low of $43.40 and a 52 week high of $58.26. The company has a quick ratio of 1.64, a current ratio of 1.70 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $202.74 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 2.78 and a beta of 1.23. The stock’s 50-day moving average price is $46.45 and its 200-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, topping analysts’ consensus estimates of $0.81 by $0.03. Cisco Systems had a net margin of 21.15% and a return on equity of 35.01%. The company had revenue of $13.16 billion for the quarter, compared to analysts’ expectations of $13.09 billion. During the same quarter last year, the business earned $0.75 EPS. The firm’s revenue was up .7% compared to the same quarter last year. Research analysts anticipate that Cisco Systems, Inc. will post 2.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.92%. Cisco Systems’s dividend payout ratio (DPR) is presently 49.12%.

In other news, EVP Irving Tan sold 10,733 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $44.81, for a total value of $480,945.73. Following the transaction, the executive vice president now directly owns 172,199 shares in the company, valued at $7,716,237.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Prat Bhatt sold 39,343 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $44.88, for a total value of $1,765,713.84. Following the completion of the transaction, the chief accounting officer now directly owns 137,634 shares of the company’s stock, valued at approximately $6,177,013.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 388,864 shares of company stock valued at $17,474,321. Corporate insiders own 0.03% of the company’s stock.

A number of equities research analysts have commented on CSCO shares. Robert W. Baird reaffirmed a “buy” rating and issued a $54.00 target price on shares of Cisco Systems in a research report on Monday, November 11th. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a report on Thursday, November 14th. Evercore ISI restated a “buy” rating on shares of Cisco Systems in a research note on Sunday, December 15th. Piper Jaffray Companies lowered Cisco Systems from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $55.00 to $51.00 in a report on Monday, November 11th. Finally, Credit Suisse Group set a $46.00 price objective on Cisco Systems and gave the company a “neutral” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company. Cisco Systems presently has an average rating of “Hold” and a consensus 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.

See Also: Understanding debt-to-equity ratio in fundamental analysis

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

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