Cisco Systems, Inc. (NASDAQ:CSCO) Position Increased by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,470 shares of the network equipment provider’s stock after acquiring an additional 2,087 shares during the period. Cisco Systems comprises about 1.4% of Kiley Juergens Wealth Management LLC’s investment portfolio, making the stock its 18th biggest position. Kiley Juergens Wealth Management LLC’s holdings in Cisco Systems were worth $1,016,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Waldron Private Wealth LLC raised its stake in shares of Cisco Systems by 1.5% during the third quarter. Waldron Private Wealth LLC now owns 16,212 shares of the network equipment provider’s stock worth $788,000 after buying an additional 242 shares during the last quarter. First PREMIER Bank boosted its holdings in Cisco Systems by 4.3% during the fourth quarter. First PREMIER Bank now owns 9,563 shares of the network equipment provider’s stock worth $414,000 after purchasing an additional 390 shares during the last quarter. Cornerstone Advisors Inc. boosted its holdings in Cisco Systems by 2.9% during the third quarter. Cornerstone Advisors Inc. now owns 13,805 shares of the network equipment provider’s stock worth $672,000 after purchasing an additional 395 shares during the last quarter. Burke & Herbert Bank & Trust Co. boosted its holdings in Cisco Systems by 1.4% during the fourth quarter. Burke & Herbert Bank & Trust Co. now owns 29,198 shares of the network equipment provider’s stock worth $1,265,000 after purchasing an additional 400 shares during the last quarter. Finally, Blue Fin Capital Inc. boosted its holdings in Cisco Systems by 2.1% during the third quarter. Blue Fin Capital Inc. now owns 23,944 shares of the network equipment provider’s stock worth $1,165,000 after purchasing an additional 502 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Several research firms have issued reports on CSCO. KeyCorp upped their price target on shares of Cisco Systems from $55.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Jefferies Financial Group upped their price target on shares of Cisco Systems to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 14th. They noted that the move was a valuation call. Citigroup increased their price objective on shares of Cisco Systems from $52.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, February 14th. Credit Suisse Group raised their price target on shares of Cisco Systems from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, February 14th. Finally, MKM Partners raised their price target on shares of Cisco Systems to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, February 14th. Seven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $53.49.

In related news, Director Roderick C. Mcgeary sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $49.66, for a total value of $744,900.00. Following the transaction, the director now directly owns 102,898 shares in the company, valued at $5,109,914.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David Goeckeler sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $52.07, for a total transaction of $1,562,100.00. Following the completion of the transaction, the executive vice president now owns 419,439 shares in the company, valued at $21,840,188.73. The disclosure for this sale can be found here. Insiders sold a total of 115,000 shares of company stock worth $5,926,000 over the last 90 days. 0.03% of the stock is currently owned by company insiders.

CSCO opened at $56.56 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.74 and a debt-to-equity ratio of 0.39. The firm has a market cap of $267.85 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 2.89 and a beta of 1.22. Cisco Systems, Inc. has a 1 year low of $40.25 and a 1 year high of $56.61.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 13th. The network equipment provider reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.01. Cisco Systems had a net margin of 25.31% and a return on equity of 27.58%. The company had revenue of $12.45 billion for the quarter, compared to the consensus estimate of $12.43 billion. During the same period in the previous year, the firm earned $0.63 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts expect that Cisco Systems, Inc. will post 2.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Friday, April 5th will be paid a $0.35 dividend. This is a boost from Cisco Systems’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, April 4th. Cisco Systems’s payout ratio is currently 59.83%.

Cisco Systems announced that its board has authorized a share repurchase plan on Wednesday, February 13th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the network equipment provider to reacquire up to 6.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

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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 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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