Western Wealth Management LLC Sells 311 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Western Wealth Management LLC cut its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,383 shares of the network equipment provider’s stock after selling 311 shares during the quarter. Western Wealth Management LLC’s holdings in Cisco Systems were worth $4,010,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CSCO. Obermeyer Wood Investment Counsel Lllp lifted its holdings in Cisco Systems by 48.6% in the 4th quarter. Obermeyer Wood Investment Counsel Lllp now owns 8,947 shares of the network equipment provider’s stock worth $452,000 after purchasing an additional 2,925 shares in the last quarter. Xponance Inc. lifted its holdings in Cisco Systems by 5.2% in the 4th quarter. Xponance Inc. now owns 562,506 shares of the network equipment provider’s stock worth $28,418,000 after purchasing an additional 27,630 shares in the last quarter. Flynn Zito Capital Management LLC lifted its holdings in Cisco Systems by 2.2% in the 4th quarter. Flynn Zito Capital Management LLC now owns 22,394 shares of the network equipment provider’s stock worth $1,131,000 after purchasing an additional 484 shares in the last quarter. AIA Group Ltd lifted its holdings in Cisco Systems by 37.5% in the 4th quarter. AIA Group Ltd now owns 1,039,233 shares of the network equipment provider’s stock worth $52,502,000 after purchasing an additional 283,545 shares in the last quarter. Finally, SFE Investment Counsel lifted its holdings in Cisco Systems by 5.1% in the 4th quarter. SFE Investment Counsel now owns 52,935 shares of the network equipment provider’s stock worth $2,674,000 after purchasing an additional 2,590 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO traded up $0.32 during trading on Thursday, hitting $48.11. The stock had a trading volume of 13,080,391 shares, compared to its average volume of 19,487,760. Cisco Systems, Inc. has a 12-month low of $45.56 and a 12-month high of $58.19. The stock has a market capitalization of $194.81 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 2.75 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. The stock has a 50-day simple moving average of $49.14 and a two-hundred day simple moving average of $50.31.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $12.79 billion during the quarter, compared to analysts’ expectations of $12.71 billion. During the same period last year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, equities research analysts expect that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.33%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is 48.63%.

Insider Buying and Selling

In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the sale, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total transaction of $150,130.02. Following the sale, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 in the company, valued at $2,906,050. The disclosure for this sale can be found here. Insiders have sold a total of 19,441 shares of company stock valued at $972,080 over the last ninety days. Company insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CSCO. Piper Sandler upped their price objective on Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. Melius lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Deutsche Bank Aktiengesellschaft increased their price target on Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 9th. StockNews.com downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Finally, Citigroup started coverage on Cisco Systems in a research report on Friday, April 12th. They issued a “neutral” rating and a $52.00 price objective on the stock. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $56.03.

About Cisco Systems

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.