Wiser Advisor Group LLC Trims Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Wiser Advisor Group LLC decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 7.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,568 shares of the network equipment provider’s stock after selling 212 shares during the quarter. Wiser Advisor Group LLC’s holdings in Cisco Systems were worth $137,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. China Universal Asset Management Co. Ltd. boosted its position in shares of Cisco Systems by 226.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 26,423 shares of the network equipment provider’s stock worth $1,319,000 after purchasing an additional 18,339 shares during the period. Waverly Advisors LLC lifted its holdings in Cisco Systems by 62.0% in the 1st quarter. Waverly Advisors LLC now owns 88,995 shares of the network equipment provider’s stock worth $4,442,000 after purchasing an additional 34,046 shares in the last quarter. Industrial Alliance Investment Management Inc. boosted its stake in Cisco Systems by 3.3% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 9,100 shares of the network equipment provider’s stock worth $454,000 after purchasing an additional 290 shares during the period. Icon Wealth Advisors LLC grew its holdings in Cisco Systems by 3.2% during the 1st quarter. Icon Wealth Advisors LLC now owns 70,371 shares of the network equipment provider’s stock valued at $3,512,000 after buying an additional 2,171 shares in the last quarter. Finally, Prudent Investors Network Inc. purchased a new position in shares of Cisco Systems in the first quarter worth $225,000. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Trading Up 0.4 %

Shares of CSCO traded up $0.21 during trading hours on Monday, reaching $58.76. 1,286,966 shares of the company traded hands, compared to its average volume of 19,031,477. The firm has a market cap of $234.03 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 4.37 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $59.38. The stock’s fifty day moving average price is $55.02 and its 200 day moving average price is $50.17.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The company had revenue of $13.84 billion for the quarter, compared to analysts’ expectations of $13.78 billion. During the same period in the prior year, the business earned $0.98 EPS. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. Sell-side analysts forecast that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 68.67%.

Insiders Place Their Bets

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 21,230 shares of Cisco Systems stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total transaction of $1,211,596.10. Following the completion of the sale, the executive vice president now owns 213,834 shares of the company’s stock, valued at approximately $12,203,506.38. The trade was a 9.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Charles Robbins sold 171,744 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the transaction, the chief executive officer now directly owns 783,786 shares in the company, valued at $45,059,857.14. This represents a 17.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 342,858 shares of company stock valued at $19,661,157. Insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barclays raised their target price on shares of Cisco Systems from $49.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lifted their target price on Cisco Systems from $52.00 to $53.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. New Street Research upgraded Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price target for the company in a report on Thursday, August 15th. Citigroup upped their price objective on Cisco Systems from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, HSBC raised shares of Cisco Systems from a “hold” rating to a “buy” rating and raised their target price for the company from $46.00 to $58.00 in a report on Friday, August 16th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.94.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.