Shulman DeMeo Asset Management LLC Decreases Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Shulman DeMeo Asset Management LLC trimmed its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 10.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,410 shares of the network equipment provider’s stock after selling 1,105 shares during the quarter. Shulman DeMeo Asset Management LLC’s holdings in Cisco Systems were worth $557,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC acquired a new stake in Cisco Systems during the second quarter worth $62,000. Blair William & Co. IL lifted its position in Cisco Systems by 9.2% in the second quarter. Blair William & Co. IL now owns 697,285 shares of the network equipment provider’s stock valued at $33,128,000 after buying an additional 58,987 shares during the last quarter. Seven Eight Capital LP acquired a new stake in shares of Cisco Systems during the second quarter valued at about $242,000. Sienna Gestion increased its holdings in Cisco Systems by 41.2% in the 2nd quarter. Sienna Gestion now owns 310,525 shares of the network equipment provider’s stock valued at $14,746,000 after purchasing an additional 90,610 shares during the last quarter. Finally, Altrius Capital Management Inc lifted its stake in Cisco Systems by 10.6% during the 2nd quarter. Altrius Capital Management Inc now owns 95,579 shares of the network equipment provider’s stock worth $4,541,000 after acquiring an additional 9,127 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CSCO shares. StockNews.com upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Wells Fargo & Company lifted their target price on Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. UBS Group increased their price target on Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Melius upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $73.00 in a research note on Monday, January 6th. Finally, Citigroup lifted their price target on Cisco Systems from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $61.28.

Cisco Systems Stock Performance

Shares of CSCO opened at $59.82 on Friday. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $60.45. The company’s 50 day simple moving average is $58.83 and its 200 day simple moving average is $53.39. The company has a market capitalization of $238.24 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 4.37 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88.

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

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be given a dividend of $0.40 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.67%. Cisco Systems’s dividend payout ratio (DPR) is 68.67%.

Insider Buying and Selling at Cisco Systems

In other news, SVP Maria Victoria Wong sold 4,881 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $59.73, for a total transaction of $291,542.13. Following the sale, the senior vice president now owns 51,931 shares in the company, valued at $3,101,838.63. This trade represents a 8.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Thimaya K. Subaiya sold 21,230 shares of Cisco Systems stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total transaction of $1,211,596.10. Following the sale, the executive vice president now directly owns 213,834 shares in the company, valued at $12,203,506.38. This trade represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 353,522 shares of company stock valued at $20,349,721 over the last three months. 0.01% of the stock is owned by company insiders.

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.