Colonial Trust Co SC Boosts Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Colonial Trust Co SC boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,793 shares of the network equipment provider's stock after buying an additional 4,528 shares during the quarter. Colonial Trust Co SC's holdings in Cisco Systems were worth $4,191,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FPC Investment Advisory Inc. acquired a new stake in shares of Cisco Systems in the fourth quarter worth approximately $26,000. Navigoe LLC acquired a new position in shares of Cisco Systems during the 4th quarter valued at about $26,000. Runnymede Capital Advisors Inc. acquired a new stake in Cisco Systems during the fourth quarter worth about $30,000. Campbell Capital Management Inc. acquired a new position in Cisco Systems in the 4th quarter valued at about $31,000. Finally, Highline Wealth Partners LLC lifted its holdings in Cisco Systems by 76.7% in the fourth quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider's stock valued at $35,000 after acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Insiders Place Their Bets

In related news, CFO Richard Scott Herren sold 19,929 shares of Cisco Systems stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $64.41, for a total transaction of $1,283,626.89. Following the completion of the transaction, the chief financial officer now directly owns 335,605 shares of the company's stock, valued at $21,616,318.05. This trade represents a 5.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Thimaya K. Subaiya sold 2,065 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total value of $125,345.50. Following the sale, the executive vice president now directly owns 191,184 shares of the company's stock, valued at $11,604,868.80. This represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,547 shares of company stock valued at $4,275,553 in the last three months. Company insiders own 0.01% of the company's stock.

Cisco Systems Trading Down 0.0 %

Shares of Cisco Systems stock opened at $59.31 on Wednesday. The business has a fifty day simple moving average of $59.02 and a 200-day simple moving average of $59.38. The firm has a market cap of $235.96 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 4.16 and a beta of 0.89. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $66.50. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. On average, equities analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems announced that its board has approved a share repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the network equipment provider to buy up to 6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd were paid a $0.41 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This is a positive change from Cisco Systems's previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.77%. Cisco Systems's payout ratio is presently 71.62%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CSCO shares. StockNews.com cut Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 5th. BNP Paribas upgraded Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price objective on the stock in a report on Tuesday, January 28th. Wells Fargo & Company restated an "equal weight" rating on shares of Cisco Systems in a research report on Thursday, March 6th. The Goldman Sachs Group boosted their price target on shares of Cisco Systems from $56.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, Rosenblatt Securities dropped their price objective on Cisco Systems from $80.00 to $63.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $65.05.

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.

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