Cisco Systems, Inc. (NASDAQ:CSCO) Holdings Decreased by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI lessened its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,675 shares of the network equipment provider’s stock after selling 7,769 shares during the quarter. Cisco Systems makes up 2.5% of LVM Capital Management Ltd. MI’s investment portfolio, making the stock its 12th largest holding. LVM Capital Management Ltd. MI’s holdings in Cisco Systems were worth $23,602,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Highline Wealth Partners LLC lifted its position in Cisco Systems by 76.7% in the 4th quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider’s stock worth $35,000 after buying an additional 260 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Cisco Systems by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 47,984 shares of the network equipment provider’s stock valued at $2,841,000 after purchasing an additional 1,175 shares during the last quarter. CCM Investment Advisers LLC increased its position in Cisco Systems by 4.3% in the 4th quarter. CCM Investment Advisers LLC now owns 326,303 shares of the network equipment provider’s stock worth $19,317,000 after purchasing an additional 13,554 shares during the last quarter. Franklin Street Advisors Inc. NC raised its stake in shares of Cisco Systems by 2.7% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 85,663 shares of the network equipment provider’s stock worth $5,071,000 after purchasing an additional 2,290 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Cisco Systems by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,604,217 shares of the network equipment provider’s stock valued at $154,170,000 after buying an additional 8,158 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO traded down $0.28 during midday trading on Friday, reaching $58.92. The company’s stock had a trading volume of 5,691,499 shares, compared to its average volume of 15,032,354. The business’s fifty day simple moving average is $58.60 and its 200-day simple moving average is $53.02. The company has a market capitalization of $234.66 billion, a P/E ratio of 25.29, a P/E/G ratio of 4.37 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $60.23.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The business had revenue of $13.84 billion for the quarter, compared to analysts’ expectations of $13.78 billion. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. Cisco Systems’s revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. As a group, equities research analysts expect that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Friday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 68.67%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $9,873,562.56. Following the transaction, the chief executive officer now owns 783,786 shares of the company’s stock, valued at approximately $45,059,857.14. The trade was a 17.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Richard Scott Herren sold 86,351 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $4,964,318.99. Following the sale, the chief financial officer now owns 365,314 shares in the company, valued at approximately $21,001,901.86. The trade was a 19.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 353,522 shares of company stock worth $20,349,721 in the last quarter. 0.01% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on CSCO shares. JPMorgan Chase & Co. raised shares of Cisco Systems from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $55.00 to $66.00 in a research report on Monday, November 11th. Melius Research upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday. Barclays upped their price target on Cisco Systems from $49.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Wells Fargo & Company increased their price target on Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Finally, Citigroup upped their price objective on shares of Cisco Systems from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.28.

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.