Wealthcare Advisory Partners LLC Cuts Stock Holdings in Cisco Systems, Inc. $CSCO

Wealthcare Advisory Partners LLC trimmed its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,268 shares of the network equipment provider’s stock after selling 8,775 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Cisco Systems were worth $6,106,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Green Alpha Advisors LLC grew its stake in Cisco Systems by 1.2% in the 4th quarter. Green Alpha Advisors LLC now owns 12,349 shares of the network equipment provider’s stock worth $951,000 after buying an additional 141 shares in the last quarter. Benchmark Financial Wealth Advisors LLC raised its position in shares of Cisco Systems by 1.4% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 10,449 shares of the network equipment provider’s stock valued at $715,000 after buying an additional 142 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its holdings in shares of Cisco Systems by 0.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 24,622 shares of the network equipment provider’s stock worth $1,685,000 after acquiring an additional 142 shares during the last quarter. Yoder Wealth Management Inc. lifted its holdings in shares of Cisco Systems by 3.8% during the 3rd quarter. Yoder Wealth Management Inc. now owns 3,945 shares of the network equipment provider’s stock worth $270,000 after acquiring an additional 143 shares during the last quarter. Finally, Weaver Consulting Group grew its position in Cisco Systems by 1.5% in the third quarter. Weaver Consulting Group now owns 9,940 shares of the network equipment provider’s stock worth $680,000 after acquiring an additional 145 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Maria Victoria Wong sold 2,179 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $77.74, for a total value of $169,395.46. Following the sale, the senior vice president directly owned 28,807 shares of the company’s stock, valued at $2,239,456.18. This represents a 7.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Oliver Tuszik sold 3,132 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $79.74, for a total transaction of $249,745.68. Following the completion of the sale, the executive vice president owned 188,613 shares in the company, valued at approximately $15,040,000.62. This trade represents a 1.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 46,431 shares of company stock valued at $3,574,820 in the last 90 days. Corporate insiders own 0.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CSCO. President Capital reduced their target price on Cisco Systems from $90.00 to $88.00 in a research note on Wednesday, December 24th. UBS Group upped their price objective on Cisco Systems from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Argus upgraded Cisco Systems to a “strong-buy” rating in a research report on Friday, February 13th. Erste Group Bank cut Cisco Systems from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, HSBC boosted their target price on Cisco Systems from $74.00 to $77.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus price target of $89.55.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $79.92 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 0.96. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $88.18. The firm has a market cap of $315.68 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 3.02 and a beta of 0.87. The business has a 50 day moving average price of $78.97 and a 200-day moving average price of $75.30.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The company had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.11 billion. During the same period in the prior year, the business posted $0.94 earnings per share. Cisco Systems’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Thursday, April 2nd will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 2.1%. Cisco Systems’s payout ratio is currently 57.54%.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.