Carlton Hofferkamp & Jenks Wealth Management LLC Has $1.20 Million Stock Position in Cisco Systems, Inc. $CSCO

Carlton Hofferkamp & Jenks Wealth Management LLC lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 17,592 shares of the network equipment provider’s stock after selling 771 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Cisco Systems were worth $1,201,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CSCO. Drive Wealth Management LLC grew its position in shares of Cisco Systems by 2.7% during the 2nd quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider’s stock worth $1,152,000 after purchasing an additional 436 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its position in shares of Cisco Systems by 0.7% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider’s stock worth $55,049,000 after purchasing an additional 6,501 shares in the last quarter. Golden State Wealth Management LLC grew its position in shares of Cisco Systems by 10.8% during the 1st quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider’s stock worth $389,000 after purchasing an additional 612 shares in the last quarter. Shell Asset Management Co. grew its position in shares of Cisco Systems by 53.3% during the 2nd quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider’s stock worth $5,358,000 after purchasing an additional 26,840 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Cisco Systems by 255.9% during the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock worth $482,509,000 after purchasing an additional 5,622,672 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $70.63 on Friday. The company has a market cap of $279.21 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 2.96 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The firm has a 50 day simple moving average of $68.30 and a 200 day simple moving average of $65.61. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. The business had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.3%. Cisco Systems’s dividend payout ratio (DPR) is presently 62.60%.

Analyst Upgrades and Downgrades

CSCO has been the topic of a number of analyst reports. Hsbc Global Res lowered shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. HSBC restated a “hold” rating and set a $69.00 target price on shares of Cisco Systems in a research report on Friday, August 15th. CICC Research started coverage on shares of Cisco Systems in a research report on Monday, July 14th. They set an “outperform” rating and a $78.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Finally, William Blair raised shares of Cisco Systems to a “hold” rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.72.

Insider Activity

In other news, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the completion of the transaction, the executive vice president owned 161,662 shares of the company’s stock, valued at approximately $10,766,689.20. This trade represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeetendra I. Patel sold 9,061 shares of Cisco Systems stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the transaction, the insider directly owned 237,405 shares of the company’s stock, valued at $15,811,173. This represents a 3.68% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is currently owned by company insiders.

Cisco Systems 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.