Loudon Investment Management LLC Increases Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Loudon Investment Management LLC increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 112,855 shares of the network equipment provider’s stock after buying an additional 1,625 shares during the quarter. Cisco Systems comprises approximately 4.2% of Loudon Investment Management LLC’s portfolio, making the stock its 4th biggest position. Loudon Investment Management LLC’s holdings in Cisco Systems were worth $5,413,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CSCO. Boston Private Wealth LLC raised its stake in Cisco Systems by 3.4% during the 4th quarter. Boston Private Wealth LLC now owns 316,192 shares of the network equipment provider’s stock worth $15,164,000 after acquiring an additional 10,393 shares during the period. Bogart Wealth LLC raised its holdings in shares of Cisco Systems by 3.5% during the 4th quarter. Bogart Wealth LLC now owns 55,270 shares of the network equipment provider’s stock worth $2,651,000 after acquiring an additional 1,845 shares in the last quarter. North Star Investment Management Corp. raised its holdings in shares of Cisco Systems by 1.7% during the 4th quarter. North Star Investment Management Corp. now owns 43,352 shares of the network equipment provider’s stock worth $2,079,000 after acquiring an additional 709 shares in the last quarter. Level Four Advisory Services LLC raised its holdings in shares of Cisco Systems by 13.9% during the 4th quarter. Level Four Advisory Services LLC now owns 105,268 shares of the network equipment provider’s stock worth $14,545,000 after acquiring an additional 12,851 shares in the last quarter. Finally, Cairn Investment Group Inc. purchased a new stake in shares of Cisco Systems during the 4th quarter worth approximately $937,000. Institutional investors own 72.20% of the company’s stock.

Cisco Systems stock traded down $0.31 during midday trading on Wednesday, hitting $38.29. 23,294,904 shares of the company were exchanged, compared to its average volume of 49,801,868. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.75 and a current ratio of 1.81. Cisco Systems, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $58.26. The business has a fifty day simple moving average of $42.27 and a two-hundred day simple moving average of $45.99. The firm has a market capitalization of $146.73 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 2.19 and a beta of 1.23.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.01. The business had revenue of $12 billion during the quarter, compared to the consensus estimate of $11.98 billion. Cisco Systems had a return on equity of 36.40% and a net margin of 21.44%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.73 EPS. As a group, equities analysts expect that Cisco Systems, Inc. will post 2.93 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Friday, April 3rd will be given a $0.36 dividend. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.44 annualized dividend and a dividend yield of 3.76%. Cisco Systems’s dividend payout ratio (DPR) is 49.12%.

Several brokerages have recently issued reports on CSCO. Barclays raised Cisco Systems from an “equal weight” rating to an “overweight” rating and set a $53.00 price objective on the stock in a report on Thursday, December 19th. William Blair reaffirmed a “market perform” rating on shares of Cisco Systems in a report on Thursday, February 13th. ValuEngine raised Cisco Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Citigroup decreased their price target on Cisco Systems from $55.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Finally, Robert W. Baird increased their price target on Cisco Systems from $52.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Twelve investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $52.64.

In related news, CEO Charles Robbins sold 3,910 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $46.53, for a total transaction of $181,932.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kelly A. Kramer sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $41.17, for a total value of $2,881,900.00. Following the sale, the chief financial officer now owns 308,241 shares of the company’s stock, valued at $12,690,281.97. The disclosure for this sale can be found here. Insiders have sold 78,910 shares of company stock valued at $3,296,482 in the last three months. Corporate insiders own 0.03% of the company’s stock.

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 worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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

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