Pioneer Trust Bank N A OR trimmed its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,105 shares of the network equipment provider’s stock after selling 2,490 shares during the period. Cisco Systems accounts for 2.5% of Pioneer Trust Bank N A OR’s holdings, making the stock its 16th biggest position. Pioneer Trust Bank N A OR’s holdings in Cisco Systems were worth $5,059,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. purchased a new position in Cisco Systems during the second quarter valued at $231,000. Stonehearth Capital Management LLC purchased a new position in shares of Cisco Systems in the fourth quarter worth about $102,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of Cisco Systems in the second quarter worth about $104,000. Manchester Capital Management LLC lifted its stake in shares of Cisco Systems by 10.7% in the second quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock worth $113,000 after buying an additional 350 shares in the last quarter. Finally, Ffcm LLC lifted its stake in shares of Cisco Systems by 2,025.0% in the second quarter. Ffcm LLC now owns 3,740 shares of the network equipment provider’s stock worth $117,000 after buying an additional 3,564 shares in the last quarter. 77.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $45.01 on Friday. Cisco Systems, Inc. has a 12-month low of $30.36 and a 12-month high of $46.16. The firm has a market cap of $216,836.48, a PE ratio of -140.66, a price-to-earnings-growth ratio of 3.03 and a beta of 1.10. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.38 and a current ratio of 2.43.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Thursday, April 5th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 4th. This is a boost from Cisco Systems’s previous quarterly dividend of $0.29. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.93%. Cisco Systems’s dividend payout ratio (DPR) is currently -362.50%.
Cisco Systems declared that its Board of Directors has authorized a share repurchase plan on Wednesday, February 14th that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the network equipment provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
Several equities analysts have recently weighed in on CSCO shares. Sanford C. Bernstein reissued a “buy” rating and issued a $40.00 price target on shares of Cisco Systems in a research note on Monday, November 27th. Vetr downgraded shares of Cisco Systems from a “hold” rating to a “sell” rating and set a $35.93 price target on the stock. in a research note on Wednesday, November 29th. Robert W. Baird reissued a “buy” rating and issued a $41.00 price target on shares of Cisco Systems in a research note on Tuesday, December 5th. Stifel Nicolaus reissued a “hold” rating and issued a $40.00 price target on shares of Cisco Systems in a research note on Thursday, December 14th. Finally, Bank of America raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and raised their price target for the stock from $38.99 to $46.00 in a research note on Friday, January 5th. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. Cisco Systems has a consensus rating of “Buy” and a consensus target price of $44.22.
In related news, SVP Rebecca Jacoby sold 75,021 shares of Cisco Systems stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $38.42, for a total value of $2,882,306.82. Following the completion of the transaction, the senior vice president now owns 257,476 shares in the company, valued at $9,892,227.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arun Sarin sold 14,189 shares of Cisco Systems stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $44.10, for a total transaction of $625,734.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 122,007 shares of company stock valued at $4,998,729. Company insiders own 0.05% of the company’s stock.
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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).
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