Capstone Wealth Management Group LLC Sells 536 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Capstone Wealth Management Group LLC trimmed its stake in Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 8.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,157 shares of the network equipment provider’s stock after selling 536 shares during the period. Capstone Wealth Management Group LLC’s holdings in Cisco Systems were worth $343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Woodmont Investment Counsel LLC grew its holdings in Cisco Systems by 0.4% during the fourth quarter. Woodmont Investment Counsel LLC now owns 41,425 shares of the network equipment provider’s stock valued at $2,625,000 after purchasing an additional 180 shares during the period. Autus Asset Management LLC grew its holdings in Cisco Systems by 2.7% during the fourth quarter. Autus Asset Management LLC now owns 6,898 shares of the network equipment provider’s stock valued at $437,000 after purchasing an additional 181 shares during the period. Pinnacle Bancorp Inc. grew its holdings in Cisco Systems by 1.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 19,212 shares of the network equipment provider’s stock valued at $1,217,000 after purchasing an additional 183 shares during the period. Sara Bay Financial grew its holdings in Cisco Systems by 1.1% during the fourth quarter. Sara Bay Financial now owns 17,723 shares of the network equipment provider’s stock valued at $1,123,000 after purchasing an additional 186 shares during the period. Finally, Ballast Inc. boosted its holdings in shares of Cisco Systems by 0.7% in the fourth quarter. Ballast Inc. now owns 27,471 shares of the network equipment provider’s stock valued at $1,740,000 after buying an additional 188 shares during the period. Institutional investors own 73.18% of the company’s stock.

CSCO has been the subject of several research analyst reports. Jefferies Financial Group reduced their price target on shares of Cisco Systems from $65.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, May 19th. TheStreet cut shares of Cisco Systems from a “b” rating to a “c+” rating in a report on Wednesday, June 15th. Citigroup reduced their target price on shares of Cisco Systems from $45.00 to $40.00 and set a “sell” rating for the company in a report on Thursday, May 19th. Barclays reduced their target price on shares of Cisco Systems from $68.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, May 19th. Finally, UBS Group reduced their target price on shares of Cisco Systems from $59.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, May 19th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.05.

Shares of Cisco Systems stock opened at $43.57 on Thursday. The company has a market capitalization of $180.42 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 2.27 and a beta of 0.99. The company has a quick ratio of 1.40, a current ratio of 1.49 and a debt-to-equity ratio of 0.21. Cisco Systems, Inc. has a 12-month low of $41.02 and a 12-month high of $64.29. The firm’s 50-day moving average price is $47.24 and its two-hundred day moving average price is $53.77.

Cisco Systems (NASDAQ:CSCOGet Rating) last posted its quarterly earnings results on Wednesday, May 18th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. Cisco Systems had a net margin of 23.28% and a return on equity of 31.22%. During the same period in the prior year, the company posted $0.75 EPS. On average, sell-side analysts expect that Cisco Systems, Inc. will post 2.99 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Wednesday, July 6th will be issued a dividend of $0.38 per share. The ex-dividend date is Tuesday, July 5th. This represents a $1.52 annualized dividend and a yield of 3.49%. Cisco Systems’s payout ratio is 53.33%.

In other news, COO Maria Martinez sold 4,674 shares of Cisco Systems stock in a transaction on Monday, June 13th. The shares were sold at an average price of $43.33, for a total value of $202,524.42. Following the completion of the sale, the chief operating officer now owns 286,033 shares in the company, valued at approximately $12,393,809.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Prat Bhatt sold 3,700 shares of Cisco Systems stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $43.34, for a total transaction of $160,358.00. Following the completion of the sale, the senior vice president now owns 80,784 shares of the company’s stock, valued at approximately $3,501,178.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,326 shares of company stock valued at $1,103,159. Company insiders own 0.02% of the company’s stock.

About Cisco Systems (Get Rating)

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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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