KMG Fiduciary Partners LLC Boosts Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

KMG Fiduciary Partners LLC lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,187 shares of the network equipment provider’s stock after acquiring an additional 3,920 shares during the period. KMG Fiduciary Partners LLC’s holdings in Cisco Systems were worth $8,713,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CSCO. Decker Retirement Planning Inc. purchased a new position in Cisco Systems during the fourth quarter worth approximately $49,000. Empirical Asset Management LLC increased its holdings in shares of Cisco Systems by 39.6% during the 4th quarter. Empirical Asset Management LLC now owns 46,338 shares of the network equipment provider’s stock worth $2,743,000 after buying an additional 13,155 shares during the last quarter. Cohen Investment Advisors LLC raised its position in shares of Cisco Systems by 0.4% in the 4th quarter. Cohen Investment Advisors LLC now owns 52,703 shares of the network equipment provider’s stock worth $3,120,000 after buying an additional 211 shares during the period. Capital Advisors Wealth Management LLC boosted its holdings in Cisco Systems by 70.8% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 7,924 shares of the network equipment provider’s stock valued at $469,000 after acquiring an additional 3,284 shares during the last quarter. Finally, Ritholtz Wealth Management grew its position in Cisco Systems by 10.2% during the fourth quarter. Ritholtz Wealth Management now owns 58,643 shares of the network equipment provider’s stock valued at $3,472,000 after acquiring an additional 5,404 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of research reports. Tigress Financial raised their price objective on Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Melius upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and raised their price target for the company from $66.00 to $73.00 in a report on Monday, January 6th. Bank of America boosted their price objective on shares of Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Barclays raised their target price on shares of Cisco Systems from $49.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Finally, UBS Group upped their price target on shares of Cisco Systems from $55.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Cisco Systems has an average rating of “Moderate Buy” and a consensus price target of $61.28.

Cisco Systems Trading Down 0.3 %

NASDAQ CSCO opened at $59.82 on Friday. The company has a market capitalization of $238.24 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 4.37 and a beta of 0.84. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $60.45. The company’s fifty day moving average price is $58.83 and its two-hundred day moving average price is $53.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $13.84 billion for the quarter, compared to the consensus estimate of $13.78 billion. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. During the same quarter last year, the business posted $0.98 EPS. Cisco Systems’s quarterly revenue was down 5.6% compared to the same quarter last year. As a group, research analysts predict that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Friday, January 3rd. Cisco Systems’s dividend payout ratio is presently 68.67%.

Insider Buying and Selling at Cisco Systems

In related news, CEO Charles Robbins sold 171,744 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the completion of the transaction, the chief executive officer now owns 783,786 shares in the company, valued at $45,059,857.14. The trade was a 17.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Maria Victoria Wong sold 586 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $58.69, for a total value of $34,392.34. Following the completion of the sale, the senior vice president now directly owns 50,767 shares in the company, valued at $2,979,515.23. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 353,522 shares of company stock worth $20,349,721 over the last 90 days. Insiders own 0.01% of the company’s stock.

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.