Aull & Monroe Investment Management Corp lessened its holdings in Cisco Systems, Inc. (NASDAQ:CSCO – Get Rating) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,211 shares of the network equipment provider's stock after selling 847 shares during the quarter. Aull & Monroe Investment Management Corp's holdings in Cisco Systems were worth $248,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in CSCO. Vigilant Capital Management LLC raised its position in shares of Cisco Systems by 1.7% in the 4th quarter. Vigilant Capital Management LLC now owns 12,294 shares of the network equipment provider's stock worth $586,000 after buying an additional 207 shares during the period. Howland Capital Management LLC increased its position in shares of Cisco Systems by 1.4% during the fourth quarter. Howland Capital Management LLC now owns 14,824 shares of the network equipment provider's stock worth $706,000 after acquiring an additional 208 shares during the last quarter. MADDEN SECURITIES Corp increased its position in shares of Cisco Systems by 3.6% during the fourth quarter. MADDEN SECURITIES Corp now owns 5,976 shares of the network equipment provider's stock worth $285,000 after acquiring an additional 210 shares during the last quarter. Dearborn Partners LLC increased its position in shares of Cisco Systems by 0.5% during the third quarter. Dearborn Partners LLC now owns 46,849 shares of the network equipment provider's stock worth $1,874,000 after acquiring an additional 212 shares during the last quarter. Finally, Proffitt & Goodson Inc. grew its stake in Cisco Systems by 1.0% in the fourth quarter. Proffitt & Goodson Inc. now owns 21,380 shares of the network equipment provider's stock worth $1,019,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 71.10% of the company's stock.
Get Cisco Systems alerts:Cisco Systems Stock Down 0.5 %
CSCO traded down $0.24 during trading on Thursday, hitting $45.72. The company had a trading volume of 5,594,450 shares, compared to its average volume of 18,258,918. The company has a market capitalization of $187.26 billion, a PE ratio of 16.84, a PEG ratio of 2.15 and a beta of 1.00. Cisco Systems, Inc. has a one year low of $38.60 and a one year high of $52.56. The firm's 50-day moving average price is $49.37 and its 200 day moving average price is $47.98. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 0.18.
Cisco Systems (NASDAQ:CSCO – Get Rating) last issued its quarterly earnings results on Wednesday, February 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.12. The firm had revenue of $13.59 billion for the quarter, compared to analyst estimates of $13.41 billion. Cisco Systems had a net margin of 21.26% and a return on equity of 31.19%. The company's revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. As a group, equities analysts expect that Cisco Systems, Inc. will post 3.33 earnings per share for the current year.
Cisco Systems Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 5th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Tuesday, April 4th. This is an increase from Cisco Systems's previous quarterly dividend of $0.38. Cisco Systems's dividend payout ratio is 57.14%.
Insider Transactions at Cisco Systems
In related news, CEO Charles Robbins sold 20,117 shares of the company's stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $49.08, for a total transaction of $987,342.36. Following the completion of the transaction, the chief executive officer now directly owns 798,970 shares in the company, valued at approximately $39,213,447.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 23,701 shares of the firm's stock in a transaction on Friday, February 17th. The shares were sold at an average price of $50.90, for a total value of $1,206,380.90. Following the transaction, the executive vice president now directly owns 184,853 shares of the company's stock, valued at $9,409,017.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles Robbins sold 20,117 shares of the firm's stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $49.08, for a total transaction of $987,342.36. Following the transaction, the chief executive officer now directly owns 798,970 shares in the company, valued at $39,213,447.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,568 shares of company stock valued at $2,376,624. Company insiders own 0.02% of the company's stock.
Analysts Set New Price Targets
CSCO has been the subject of a number of research reports. Morgan Stanley lifted their target price on Cisco Systems from $52.00 to $55.00 and gave the company an "equal weight" rating in a research note on Thursday, February 16th. Raymond James upped their price target on Cisco Systems from $59.00 to $63.00 and gave the company an "outperform" rating in a report on Thursday, February 16th. The Goldman Sachs Group initiated coverage on shares of Cisco Systems in a research report on Monday, March 6th. They set a "neutral" rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of Cisco Systems from $54.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, February 16th. Finally, DZ Bank upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and set a $58.00 price objective for the company in a report on Friday, February 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Cisco Systems presently has an average rating of "Moderate Buy" and a consensus price target of $56.38.
About Cisco Systems
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Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol-based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its products include the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security.
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