WESPAC Advisors LLC Has $2.19 Million Stake in Cisco Systems, Inc. (CSCO)

WESPAC Advisors LLC lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 61.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,835 shares of the network equipment provider’s stock after buying an additional 26,620 shares during the period. Cisco Systems comprises 1.5% of WESPAC Advisors LLC’s investment portfolio, making the stock its 22nd largest position. WESPAC Advisors LLC’s holdings in Cisco Systems were worth $2,186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Southeast Asset Advisors Inc. increased its stake in shares of Cisco Systems by 0.5% during the first quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock valued at $312,000 after buying an additional 44 shares during the period. Leisure Capital Management increased its stake in shares of Cisco Systems by 0.6% during the second quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock valued at $233,000 after buying an additional 48 shares during the period. Ronald Blue & Co. LLC increased its stake in shares of Cisco Systems by 0.3% during the second quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock valued at $561,000 after buying an additional 57 shares during the period. Banced Corp boosted its position in shares of Cisco Systems by 0.4% during the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock valued at $442,000 after purchasing an additional 59 shares in the last quarter. Finally, Delta Asset Management LLC TN boosted its position in shares of Cisco Systems by 0.4% during the second quarter. Delta Asset Management LLC TN now owns 17,489 shares of the network equipment provider’s stock valued at $547,000 after purchasing an additional 72 shares in the last quarter. 75.55% of the stock is currently owned by institutional investors.

Shares of Cisco Systems, Inc. (CSCO) traded down $0.29 during trading on Friday, reaching $38.30. The company had a trading volume of 12,556,715 shares, compared to its average volume of 18,022,358. Cisco Systems, Inc. has a 52 week low of $29.80 and a 52 week high of $38.99. The company has a market capitalization of $190,774.38, a price-to-earnings ratio of 19.84, a PEG ratio of 3.49 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The company had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.11 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. sell-side analysts predict that Cisco Systems, Inc. will post 2.21 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Friday, January 5th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Thursday, January 4th. Cisco Systems’s payout ratio is presently 60.10%.

In other news, SVP Rebecca Jacoby sold 75,021 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total value of $2,882,306.82. Following the completion of the sale, the senior vice president now directly owns 257,476 shares of the company’s stock, valued at approximately $9,892,227.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Karen Walker sold 5,786 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total value of $211,131.14. Following the completion of the sale, the senior vice president now directly owns 176,418 shares of the company’s stock, valued at $6,437,492.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 348,643 shares of company stock valued at $12,892,271. 0.05% of the stock is owned by corporate insiders.

Several research firms recently weighed in on CSCO. Vetr lowered Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 price target on the stock. in a research report on Monday, September 25th. Berenberg Bank reissued a “hold” rating and issued a $33.00 target price on shares of Cisco Systems in a report on Tuesday, October 24th. BMO Capital Markets reissued a “hold” rating and issued a $32.00 target price on shares of Cisco Systems in a report on Monday, October 23rd. Citigroup reissued a “buy” rating and issued a $40.00 target price on shares of Cisco Systems in a report on Thursday, November 16th. They noted that the move was a valuation call. Finally, Nomura boosted their target price on Cisco Systems from $29.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, November 16th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have assigned a buy rating to the company. Cisco Systems currently has an average rating of “Buy” and a consensus target price of $37.35.

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Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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

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