Wealth Quarterback LLC Sells 463 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Wealth Quarterback LLC lowered its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,162 shares of the network equipment provider’s stock after selling 463 shares during the quarter. Wealth Quarterback LLC’s holdings in Cisco Systems were worth $246,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CSCO. Highline Wealth Partners LLC raised its holdings in shares of Cisco Systems by 76.7% in the 4th quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider’s stock valued at $35,000 after purchasing an additional 260 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of Cisco Systems during the 3rd quarter worth approximately $40,000. Decker Retirement Planning Inc. bought a new position in shares of Cisco Systems during the 4th quarter worth approximately $49,000. Capital Performance Advisors LLP bought a new position in shares of Cisco Systems during the 3rd quarter worth approximately $51,000. Finally, FSA Wealth Management LLC bought a new position in shares of Cisco Systems during the 3rd quarter worth approximately $56,000. Institutional investors own 73.33% of the company’s stock.

Insiders Place Their Bets

In other news, Director Kristina M. Johnson sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $59.87, for a total value of $449,025.00. Following the completion of the transaction, the director now owns 65,915 shares of the company’s stock, valued at approximately $3,946,331.05. This trade represents a 10.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Thimaya K. Subaiya sold 21,230 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $57.07, for a total transaction of $1,211,596.10. Following the completion of the transaction, the executive vice president now directly owns 213,834 shares of the company’s stock, valued at approximately $12,203,506.38. The trade was a 9.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,239 shares of company stock valued at $2,166,612 over the last 90 days. 0.01% of the stock is owned by company insiders.

Cisco Systems Price Performance

Cisco Systems stock opened at $64.87 on Monday. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50. The stock has a market cap of $258.36 billion, a P/E ratio of 27.84, a PEG ratio of 4.63 and a beta of 0.84. The company has a 50-day moving average price of $60.07 and a 200 day moving average price of $55.64. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. Sell-side analysts anticipate that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 12th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the network equipment provider to reacquire up to 6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be given a dividend of $0.41 per share. This is a boost from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 2.53%. The ex-dividend date is Thursday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 68.67%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Cisco Systems from $62.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Barclays upped their price target on shares of Cisco Systems from $56.00 to $61.00 and gave the company an “equal weight” rating in a research note on Thursday. Wells Fargo & Company upped their price target on shares of Cisco Systems from $60.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price target on shares of Cisco Systems from $69.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, UBS Group upped their price target on shares of Cisco Systems from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.53.

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.