1834 Investment Advisors Co. Has $6.58 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Key Points

• 1834 Investment Advisors Co. decreased its stake in Cisco Systems, Inc. by 7.6%, selling 8,795 shares and holding 106,580 shares valued at $6,577,000 at the end of the first quarter.
• Several institutional investors have increased their positions in Cisco Systems, with Brighton Jones LLC raising its shares by 49.5% during the fourth quarter.
• Cisco's most recent quarterly dividend of $0.41, paid in July, signifies an annualized yield of 2.4% and a payout ratio of 66.94%.

1834 Investment Advisors Co. cut its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 7.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,580 shares of the network equipment provider's stock after selling 8,795 shares during the period. 1834 Investment Advisors Co.'s holdings in Cisco Systems were worth $6,577,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CSCO. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Cisco Systems by 0.7% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider's stock worth $55,049,000 after purchasing an additional 6,501 shares during the last quarter. Golden State Wealth Management LLC increased its position in Cisco Systems by 10.8% in the first quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider's stock worth $389,000 after buying an additional 612 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Cisco Systems by 28.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock valued at $249,180,000 after buying an additional 904,548 shares during the last quarter. Investment Management Corp of Ontario boosted its holdings in shares of Cisco Systems by 44.6% during the fourth quarter. Investment Management Corp of Ontario now owns 193,478 shares of the network equipment provider's stock valued at $11,454,000 after acquiring an additional 59,680 shares during the period. Finally, IFP Advisors Inc grew its position in shares of Cisco Systems by 2.6% during the first quarter. IFP Advisors Inc now owns 111,510 shares of the network equipment provider's stock worth $6,882,000 after acquiring an additional 2,839 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Rosenblatt Securities boosted their target price on shares of Cisco Systems from $63.00 to $74.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen cut Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Barclays reiterated an "equal weight" rating on shares of Cisco Systems in a research report on Wednesday, May 21st. New Street Research reissued a "neutral" rating and set a $70.00 price target on shares of Cisco Systems in a report on Friday, May 16th. Finally, Morgan Stanley lifted their price objective on shares of Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Eight analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $70.55.

Cisco Systems Stock Up 2.7%

NASDAQ CSCO traded up $1.89 during trading on Friday, reaching $71.79. 31,389,613 shares of the company's stock were exchanged, compared to its average volume of 16,692,797. The firm has a market capitalization of $284.29 billion, a PE ratio of 29.30, a P/E/G ratio of 3.88 and a beta of 0.91. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $72.02. The company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.50. The company's fifty day simple moving average is $67.31 and its 200-day simple moving average is $62.96.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $14.15 billion for the quarter, compared to analyst estimates of $14.05 billion. Cisco Systems had a net margin of 17.60% and a return on equity of 26.48%. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. Sell-side analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. Cisco Systems's dividend payout ratio (DPR) is 66.94%.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 2,407 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $64.01, for a total transaction of $154,072.07. Following the transaction, the executive vice president directly owned 177,027 shares of the company's stock, valued at $11,331,498.27. This represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 762 shares of Cisco Systems stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $64.07, for a total transaction of $48,821.34. Following the completion of the transaction, the senior vice president owned 36,937 shares in the company, valued at $2,366,553.59. This trade represents a 2.02% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,335 shares of company stock worth $6,271,054. 0.01% of the stock is currently owned by corporate insiders.

About Cisco Systems

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.