FLC Capital Advisors Raises Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

FLC Capital Advisors raised its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,221 shares of the network equipment provider’s stock after buying an additional 787 shares during the quarter. FLC Capital Advisors’ holdings in Cisco Systems were worth $1,274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. WealthCare Investment Partners LLC increased its holdings in shares of Cisco Systems by 6.8% in the fourth quarter. WealthCare Investment Partners LLC now owns 8,612 shares of the network equipment provider’s stock valued at $435,000 after purchasing an additional 547 shares during the period. Great Lakes Retirement Inc. increased its holdings in shares of Cisco Systems by 4.0% in the fourth quarter. Great Lakes Retirement Inc. now owns 20,223 shares of the network equipment provider’s stock valued at $1,022,000 after purchasing an additional 770 shares during the period. Buckley Wealth Management LLC grew its holdings in Cisco Systems by 3.1% during the fourth quarter. Buckley Wealth Management LLC now owns 164,630 shares of the network equipment provider’s stock worth $8,317,000 after acquiring an additional 4,890 shares during the period. A. D. Beadell Investment Counsel Inc. grew its holdings in Cisco Systems by 2.4% during the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 40,579 shares of the network equipment provider’s stock worth $2,050,000 after acquiring an additional 965 shares during the period. Finally, Washington Trust Advisors Inc. grew its holdings in Cisco Systems by 0.8% during the fourth quarter. Washington Trust Advisors Inc. now owns 58,853 shares of the network equipment provider’s stock worth $2,973,000 after acquiring an additional 451 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now owns 58,121 shares in the company, valued at $2,906,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the sale, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at $2,906,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the sale, the chief financial officer now directly owns 328,491 shares in the company, valued at $16,424,550. The disclosure for this sale can be found here. Insiders have sold 19,441 shares of company stock worth $972,080 in the last 90 days. Company insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CSCO. Melius Research reissued a “hold” rating and issued a $55.00 target price on shares of Cisco Systems in a report on Monday, January 8th. StockNews.com downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Barclays increased their target price on Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Piper Sandler increased their target price on Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Finally, Melius lowered Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $56.42.

Cisco Systems Stock Up 0.4 %

Shares of NASDAQ CSCO traded up $0.22 during trading hours on Wednesday, hitting $49.77. The company had a trading volume of 17,230,482 shares, compared to its average volume of 19,896,768. The stock has a market capitalization of $201.53 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 2.25 and a beta of 0.87. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. Cisco Systems, Inc. has a 1-year low of $45.56 and a 1-year high of $58.19. The firm’s 50 day moving average is $49.78 and its 200-day moving average is $50.94.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The business had revenue of $12.79 billion during the quarter, compared to the consensus estimate of $12.71 billion. During the same quarter last year, the firm posted $0.76 EPS. The company’s quarterly revenue was down 5.9% on a year-over-year basis. On average, analysts expect that Cisco Systems, Inc. will post 3.16 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th will be given a dividend of $0.40 per share. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.60 annualized dividend and a yield of 3.21%. Cisco Systems’s dividend payout ratio (DPR) is presently 47.42%.

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.