Cisco Systems, Inc. (CSCO) Holdings Trimmed by WESPAC Advisors SoCal LLC

WESPAC Advisors SoCal LLC lessened its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 85,705 shares of the network equipment provider’s stock after selling 2,750 shares during the quarter. Cisco Systems accounts for approximately 1.7% of WESPAC Advisors SoCal LLC’s holdings, making the stock its 27th largest holding. WESPAC Advisors SoCal LLC’s holdings in Cisco Systems were worth $2,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CSCO. Opes Advisors Inc raised its position in Cisco Systems by 0.6% during the second quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock valued at $236,000 after acquiring an additional 44 shares in the last quarter. Leisure Capital Management raised its position in 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 acquiring an additional 48 shares in the last quarter. Ronald Blue & Co. LLC raised its position in 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 acquiring an additional 57 shares in the last quarter. Banced Corp raised its position in 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 acquiring an additional 59 shares in the last quarter. Finally, GM Advisory Group Inc. raised its position in Cisco Systems by 0.3% during the second quarter. GM Advisory Group Inc. now owns 19,548 shares of the network equipment provider’s stock valued at $612,000 after acquiring an additional 61 shares in the last quarter. 75.59% of the stock is owned by institutional investors and hedge funds.

In other Cisco Systems news, SVP Rebecca Jacoby sold 75,021 shares of Cisco Systems stock in a transaction 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 sale, the senior vice president now owns 257,476 shares in the company, valued at $9,892,227.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roderick C. Mcgeary sold 15,230 shares of Cisco Systems stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.00, for a total value of $578,740.00. Following the completion of the sale, the director now owns 113,154 shares in the company, valued at approximately $4,299,852. The disclosure for this sale can be found here. Insiders sold 348,643 shares of company stock worth $12,892,271 in the last 90 days. Company insiders own 0.05% of the company’s stock.

Cisco Systems, Inc. (CSCO) opened at $41.29 on Monday. The firm has a market capitalization of $204,120.00, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 3.73 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, Inc. has a 12 month low of $30.00 and a 12 month high of $41.52.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The company had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.11 billion. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. equities analysts forecast that Cisco Systems, Inc. will post 2.21 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be given a $0.29 dividend. The ex-dividend date is Thursday, January 4th. This represents a $1.16 dividend on an annualized basis and a yield of 2.81%. Cisco Systems’s dividend payout ratio is currently 60.10%.

Several research analysts recently weighed in on CSCO shares. Oppenheimer reiterated a “buy” rating and set a $36.00 price target on shares of Cisco Systems in a research report on Tuesday, October 31st. Vetr cut Cisco Systems from a “buy” rating to a “hold” rating and set a $35.78 price target for the company. in a research report on Friday, November 17th. Cowen reiterated a “buy” rating on shares of Cisco Systems in a research report on Friday, November 17th. Deutsche Bank reiterated a “buy” rating and set a $45.00 price target (up from $40.00) on shares of Cisco Systems in a research report on Thursday, November 16th. Finally, Royal Bank of Canada lifted their price target on Cisco Systems to $40.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $38.80.

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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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