Wiser Advisor Group LLC Cuts Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Wiser Advisor Group LLC cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 7.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,568 shares of the network equipment provider’s stock after selling 212 shares during the period. Wiser Advisor Group LLC’s holdings in Cisco Systems were worth $137,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CSCO. Associated Banc Corp raised its stake in Cisco Systems by 3.0% in the 3rd quarter. Associated Banc Corp now owns 312,578 shares of the network equipment provider’s stock valued at $16,635,000 after acquiring an additional 9,012 shares during the period. Private Trust Co. NA raised its stake in Cisco Systems by 3.0% in the third quarter. Private Trust Co. NA now owns 47,783 shares of the network equipment provider’s stock valued at $2,543,000 after purchasing an additional 1,404 shares in the last quarter. Horizon Kinetics Asset Management LLC grew its stake in Cisco Systems by 38.7% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 56,591 shares of the network equipment provider’s stock worth $3,012,000 after buying an additional 15,779 shares in the last quarter. Truvestments Capital LLC increased its holdings in shares of Cisco Systems by 32.8% in the 3rd quarter. Truvestments Capital LLC now owns 6,405 shares of the network equipment provider’s stock worth $341,000 after buying an additional 1,582 shares during the last quarter. Finally, Concentric Wealth Management LLC lifted its holdings in shares of Cisco Systems by 0.4% during the 3rd quarter. Concentric Wealth Management LLC now owns 78,519 shares of the network equipment provider’s stock worth $4,179,000 after acquiring an additional 295 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Stock Up 0.4 %

Shares of NASDAQ CSCO traded up $0.21 during mid-day trading on Monday, hitting $58.76. 1,286,966 shares of the stock traded hands, compared to its average volume of 19,031,477. The stock has a fifty day moving average price of $55.02 and a 200-day moving average price of $50.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. The company has a market cap of $234.03 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 4.37 and a beta of 0.83. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $59.38.

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

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, January 3rd. Cisco Systems’s payout ratio is 68.67%.

Insiders Place Their Bets

In related news, SVP Maria Victoria Wong sold 638 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $49.09, for a total value of $31,319.42. Following the transaction, the senior vice president now directly owns 46,017 shares of the company’s stock, valued at approximately $2,258,974.53. This represents a 1.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 value of $1,211,596.10. Following the completion of the sale, the executive vice president now directly owns 213,834 shares of the company’s stock, valued at approximately $12,203,506.38. The trade was a 9.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 342,858 shares of company stock valued at $19,661,157. 0.01% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CSCO shares. Jefferies Financial Group lowered their price target on Cisco Systems from $56.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. HSBC upgraded Cisco Systems from a “hold” rating to a “buy” rating and boosted their target price for the stock from $46.00 to $58.00 in a research report on Friday, August 16th. Bank of America increased their price target on shares of Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised shares of Cisco Systems from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $55.00 to $66.00 in a research note on Monday, November 11th. Finally, Evercore ISI boosted their price objective on Cisco Systems from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Cisco Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.94.

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 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.