Beam Wealth Advisors Inc. Has $825,000 Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Beam Wealth Advisors Inc. raised its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,934 shares of the network equipment provider’s stock after purchasing an additional 472 shares during the period. Beam Wealth Advisors Inc.’s holdings in Cisco Systems were worth $825,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Swedbank AB increased its holdings in shares of Cisco Systems by 0.6% during the third quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider’s stock worth $480,555,000 after buying an additional 52,711 shares in the last quarter. M&G PLC increased its holdings in shares of Cisco Systems by 5.2% during the third quarter. M&G PLC now owns 951,247 shares of the network equipment provider’s stock worth $50,416,000 after buying an additional 47,424 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC acquired a new position in shares of Cisco Systems during the third quarter worth $486,000. Graypoint LLC increased its holdings in shares of Cisco Systems by 9.9% during the third quarter. Graypoint LLC now owns 42,129 shares of the network equipment provider’s stock worth $2,242,000 after buying an additional 3,791 shares in the last quarter. Finally, Advisors Management Group Inc. ADV increased its holdings in shares of Cisco Systems by 0.5% during the third quarter. Advisors Management Group Inc. ADV now owns 129,217 shares of the network equipment provider’s stock worth $6,877,000 after buying an additional 583 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cisco Systems

In other news, CEO Charles Robbins sold 31,983 shares of Cisco Systems stock in a transaction on Friday, February 14th. The shares were sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the completion of the sale, the chief executive officer now directly owns 736,120 shares of the company’s stock, valued at approximately $47,413,489.20. The trade was a 4.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 3,042 shares of Cisco Systems stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $59.19, for a total transaction of $180,055.98. Following the sale, the executive vice president now directly owns 207,798 shares of the company’s stock, valued at $12,299,563.62. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,348 shares of company stock valued at $4,318,181. Insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

CSCO has been the subject of a number of recent research reports. Melius Research upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. The Goldman Sachs Group increased their price objective on Cisco Systems from $56.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Barclays reaffirmed an “equal weight” rating on shares of Cisco Systems in a research report on Thursday. StockNews.com cut shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Bank of America increased their price objective on shares of Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and a consensus price target of $66.63.

Cisco Systems Stock Down 0.9 %

Shares of NASDAQ:CSCO opened at $63.41 on Friday. The firm has a fifty day moving average price of $61.54 and a two-hundred day moving average price of $57.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $66.50. The company has a market cap of $252.26 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 4.16 and a beta of 0.79.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. Analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems announced that its board has initiated a stock repurchase plan on Wednesday, February 12th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the network equipment provider to repurchase up to 6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.41 per share. This is an increase from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Thursday, April 3rd. Cisco Systems’s payout ratio is currently 71.62%.

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.