Moody National Bank Trust Division lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,162 shares of the network equipment provider’s stock after selling 1,048 shares during the quarter. Moody National Bank Trust Division’s holdings in Cisco Systems were worth $4,200,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. MADDEN SECURITIES Corp increased its holdings in shares of Cisco Systems by 3.6% in the 4th quarter. MADDEN SECURITIES Corp now owns 5,976 shares of the network equipment provider’s stock worth $285,000 after purchasing an additional 210 shares in the last quarter. Dearborn Partners LLC raised its position in Cisco Systems by 0.5% in the 3rd quarter. Dearborn Partners LLC now owns 46,849 shares of the network equipment provider’s stock worth $1,874,000 after buying an additional 212 shares during the last quarter. Peninsula Wealth LLC lifted its stake in Cisco Systems by 2.9% during the 3rd quarter. Peninsula Wealth LLC now owns 8,030 shares of the network equipment provider’s stock valued at $321,000 after acquiring an additional 224 shares during the period. Gilbert & Cook Inc. lifted its stake in Cisco Systems by 1.3% during the 3rd quarter. Gilbert & Cook Inc. now owns 18,679 shares of the network equipment provider’s stock valued at $833,000 after acquiring an additional 231 shares during the period. Finally, Spinnaker Trust grew its stake in shares of Cisco Systems by 0.3% in the third quarter. Spinnaker Trust now owns 91,276 shares of the network equipment provider’s stock worth $3,651,000 after acquiring an additional 233 shares during the period. Hedge funds and other institutional investors own 71.10% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Piper Sandler lifted their target price on shares of Cisco Systems from $49.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, February 16th. UBS Group upped their price objective on Cisco Systems from $48.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, February 16th. Tigress Financial reissued a “buy” rating and issued a $73.00 target price on shares of Cisco Systems in a research report on Friday. TheStreet raised shares of Cisco Systems from a “c+” rating to a “b-” rating in a research report on Monday, November 28th. Finally, Morgan Stanley raised their price objective on shares of Cisco Systems from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, February 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.38.
Cisco Systems Price Performance
Shares of NASDAQ:CSCO opened at $50.19 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 1.41. The firm has a market cap of $205.57 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 2.31 and a beta of 1.00. The firm has a fifty day moving average price of $48.59 and a 200 day moving average price of $46.33. Cisco Systems, Inc. has a fifty-two week low of $38.60 and a fifty-two week high of $56.94.
Cisco Systems (NASDAQ:CSCO – Get Rating) last released its quarterly earnings data on Wednesday, February 15th. The network equipment provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.76 by $0.12. Cisco Systems had a net margin of 21.26% and a return on equity of 31.19%. The business had revenue of $13.59 billion during the quarter, compared to the consensus estimate of $13.41 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts expect that Cisco Systems, Inc. will post 3.34 earnings per share for the current fiscal year.
Cisco Systems Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 5th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.11%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Tuesday, April 4th. Cisco Systems’s dividend payout ratio is 55.68%.
Cisco Systems Profile
Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol-based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its products include the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.
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