St. Louis Financial Planners Asset Management LLC Sells 6,029 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

St. Louis Financial Planners Asset Management LLC decreased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 14.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,324 shares of the network equipment provider’s stock after selling 6,029 shares during the quarter. Cisco Systems comprises about 1.6% of St. Louis Financial Planners Asset Management LLC’s portfolio, making the stock its 13th biggest holding. St. Louis Financial Planners Asset Management LLC’s holdings in Cisco Systems were worth $2,150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Quest Partners LLC bought a new position in shares of Cisco Systems during the 2nd quarter worth approximately $62,000. Lumbard & Kellner LLC increased its holdings in shares of Cisco Systems by 1.0% in the second quarter. Lumbard & Kellner LLC now owns 105,076 shares of the network equipment provider’s stock valued at $4,992,000 after purchasing an additional 1,011 shares during the last quarter. E Fund Management Co. Ltd. raised its position in shares of Cisco Systems by 19.7% in the second quarter. E Fund Management Co. Ltd. now owns 100,518 shares of the network equipment provider’s stock valued at $4,776,000 after purchasing an additional 16,554 shares during the period. Meridian Wealth Partners LLC lifted its stake in shares of Cisco Systems by 6.4% during the 2nd quarter. Meridian Wealth Partners LLC now owns 4,709 shares of the network equipment provider’s stock worth $224,000 after buying an additional 282 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Cisco Systems by 4.7% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 149,542 shares of the network equipment provider’s stock worth $7,105,000 after buying an additional 6,761 shares during the period. Institutional investors own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 21,230 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 213,834 shares of the company’s stock, valued at $12,203,506.38. This trade represents a 9.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Maria Victoria Wong sold 586 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $58.69, for a total value of $34,392.34. Following the completion of the sale, the senior vice president now directly owns 50,767 shares of the company’s stock, valued at approximately $2,979,515.23. The trade was a 1.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 353,522 shares of company stock worth $20,349,721. Insiders own 0.01% of the company’s stock.

Cisco Systems Trading Up 1.1 %

CSCO opened at $59.98 on Thursday. The company has a market cap of $238.89 billion, a P/E ratio of 25.74, a PEG ratio of 4.37 and a beta of 0.85. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $58.79 and its 200-day moving average is $53.34. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $60.34.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The firm had revenue of $13.84 billion for the quarter, compared to analysts’ expectations of $13.78 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The company’s revenue was down 5.6% on a year-over-year basis. Equities research analysts predict that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.67%. Cisco Systems’s dividend payout ratio is presently 68.67%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CSCO shares. Piper Sandler raised their price objective on shares of Cisco Systems from $52.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Melius upgraded Cisco Systems from a “hold” rating to a “buy” rating and boosted their price target for the company from $66.00 to $73.00 in a research note on Monday, January 6th. Barclays increased their price objective on Cisco Systems from $49.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. UBS Group boosted their target price on shares of Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, Citigroup raised their price target on shares of Cisco Systems from $62.00 to $64.00 and gave the stock a “buy” rating in a research 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.28.

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 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.