Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by Albion Financial Group UT

Albion Financial Group UT boosted its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 158,815 shares of the network equipment provider’s stock after acquiring an additional 432 shares during the period. Albion Financial Group UT’s holdings in Cisco Systems were worth $9,402,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CSCO. Seven Eight Capital LP acquired a new position in shares of Cisco Systems in the 2nd quarter valued at $242,000. EverSource Wealth Advisors LLC grew its position in Cisco Systems by 3.8% during the second quarter. EverSource Wealth Advisors LLC now owns 14,811 shares of the network equipment provider’s stock valued at $718,000 after acquiring an additional 540 shares during the period. Certified Advisory Corp increased its stake in Cisco Systems by 9.7% during the second quarter. Certified Advisory Corp now owns 6,075 shares of the network equipment provider’s stock worth $289,000 after acquiring an additional 538 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Cisco Systems by 72.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 155,624 shares of the network equipment provider’s stock valued at $7,394,000 after purchasing an additional 65,124 shares in the last quarter. Finally, Providence Capital Advisors LLC increased its position in Cisco Systems by 6.6% during the 2nd quarter. Providence Capital Advisors LLC now owns 173,685 shares of the network equipment provider’s stock worth $8,252,000 after purchasing an additional 10,817 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Trading Up 1.3 %

Shares of NASDAQ CSCO opened at $61.03 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is $58.99 and its two-hundred day moving average price is $53.81. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $61.33. The stock has a market capitalization of $243.07 billion, a P/E ratio of 26.19, a PEG ratio of 4.48 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data 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 return on equity of 25.70% and a net margin of 17.73%. The firm had revenue of $13.84 billion for the quarter, compared to analysts’ expectations of $13.78 billion. During the same period last year, the business posted $0.98 earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts anticipate that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.62%. Cisco Systems’s dividend payout ratio (DPR) is 68.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CSCO shares. Tigress Financial boosted their price objective on shares of Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. StockNews.com raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Piper Sandler boosted their price objective on Cisco Systems from $52.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Melius Research upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Citigroup boosted their price target on Cisco Systems from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.50.

Insider Buying and Selling

In other Cisco Systems news, CFO Richard Scott Herren sold 86,351 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $4,964,318.99. Following the completion of the transaction, the chief financial officer now owns 365,314 shares in the company, valued at approximately $21,001,901.86. This represents a 19.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 783,786 shares in the company, valued at approximately $45,059,857.14. This trade represents a 17.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 353,522 shares of company stock worth $20,349,721 over the last quarter. 0.01% of the stock is owned by company insiders.

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 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.