Cisco Systems, Inc. (CSCO) Holdings Increased by Evermay Wealth Management LLC

Evermay Wealth Management LLC grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 24,371 shares of the network equipment provider’s stock after acquiring an additional 468 shares during the period. Evermay Wealth Management LLC’s holdings in Cisco Systems were worth $1,056,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CSCO. Vigilant Capital Management LLC grew its stake in shares of Cisco Systems by 17.6% in the 3rd quarter. Vigilant Capital Management LLC now owns 17,501 shares of the network equipment provider’s stock worth $851,000 after purchasing an additional 2,623 shares during the last quarter. Montecito Bank & Trust grew its stake in shares of Cisco Systems by 27.3% in the 3rd quarter. Montecito Bank & Trust now owns 44,155 shares of the network equipment provider’s stock worth $2,148,000 after purchasing an additional 9,457 shares during the last quarter. LFA Lugano Financial Advisors SA grew its stake in shares of Cisco Systems by 220,000.0% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 2,201 shares of the network equipment provider’s stock worth $107,000 after purchasing an additional 2,200 shares during the last quarter. Gradient Investments LLC grew its stake in shares of Cisco Systems by 6.2% in the 3rd quarter. Gradient Investments LLC now owns 220,785 shares of the network equipment provider’s stock worth $10,741,000 after purchasing an additional 12,894 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in shares of Cisco Systems by 15.8% in the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 55,671 shares of the network equipment provider’s stock worth $2,708,000 after purchasing an additional 7,597 shares during the last quarter. Institutional investors own 69.14% of the company’s stock.

In related news, CFO Kelly A. Kramer sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $51.70, for a total transaction of $3,619,000.00. Following the transaction, the chief financial officer now directly owns 420,696 shares of the company’s stock, valued at $21,749,983.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Goeckeler sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $52.07, for a total transaction of $1,562,100.00. Following the transaction, the executive vice president now directly owns 419,439 shares in the company, valued at $21,840,188.73. The disclosure for this sale can be found here. Insiders have sold 115,000 shares of company stock worth $5,926,000 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on the stock. Goldman Sachs Group cut shares of Cisco Systems from a “conviction-buy” rating to a “buy” rating and lifted their price objective for the stock from $58.00 to $62.00 in a research note on Tuesday, April 16th. KeyCorp lifted their price objective on shares of Cisco Systems from $55.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. Jefferies Financial Group lifted their price objective on shares of Cisco Systems to $55.00 and gave the stock a “buy” rating in a research note on Thursday, February 14th. They noted that the move was a valuation call. Citigroup lifted their price objective on shares of Cisco Systems from $52.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, February 14th. Finally, Credit Suisse Group lifted their price objective on shares of Cisco Systems from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. Six investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $54.09.

Cisco Systems stock opened at $56.40 on Monday. The company has a market capitalization of $271.71 billion, a PE ratio of 24.10, a PEG ratio of 2.93 and a beta of 1.22. The company has a current ratio of 1.80, a quick ratio of 1.74 and a debt-to-equity ratio of 0.39. Cisco Systems, Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $57.53.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, February 13th. The network equipment provider reported $0.73 earnings per share for the quarter, topping the 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 business had revenue of $12.45 billion for the quarter, compared to the consensus estimate of $12.43 billion. During the same period last year, the firm posted $0.63 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that Cisco Systems, Inc. will post 2.75 earnings per share for the current fiscal year.

Cisco Systems declared that its Board of Directors has approved a share buyback plan on Wednesday, February 13th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the network equipment provider to repurchase up to 6.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Friday, April 5th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, April 4th. This is an increase 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%. Cisco Systems’s payout ratio is presently 59.83%.

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Cisco Systems 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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