Allium Financial Advisors LLC Takes Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Key Points

• Allium Financial Advisors LLC invested $256,000 in Cisco Systems, acquiring 4,141 shares as part of their portfolio during the first quarter.
• CEO Charles Robbins sold 29,784 shares of Cisco in June, reducing his ownership by 4.15%, while insiders sold a total of 97,335 shares valued at over $6 million in the last three months.
• Cisco recently reported a quarterly earnings per share (EPS) of $0.96, exceeding estimates, and announced a quarterly dividend of $0.41, resulting in an annualized yield of 2.39%.

Allium Financial Advisors LLC purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,141 shares of the network equipment provider's stock, valued at approximately $256,000.

A number of other hedge funds also recently modified their holdings of the stock. Navigoe LLC purchased a new stake in Cisco Systems during the 4th quarter worth about $26,000. Mpwm Advisory Solutions LLC bought a new stake in Cisco Systems in the fourth quarter worth $26,000. JDM Financial Group LLC lifted its holdings in shares of Cisco Systems by 160.4% during the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. Fairway Wealth LLC increased its position in Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after acquiring an additional 400 shares during the last quarter. Finally, Accredited Wealth Management LLC purchased a new stake in Cisco Systems in the fourth quarter worth about $37,000. Institutional investors own 73.33% of the company's stock.

Cisco Systems Price Performance

Shares of Cisco Systems stock traded up $0.55 during trading on Wednesday, reaching $68.51. The company's stock had a trading volume of 6,239,230 shares, compared to its average volume of 21,169,645. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $69.78. The company has a market capitalization of $271.28 billion, a P/E ratio of 27.99, a price-to-earnings-growth ratio of 4.06 and a beta of 0.90. The business has a 50 day moving average price of $66.60 and a 200-day moving average price of $62.56. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.50.

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, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $14.15 billion during the quarter, compared to analyst estimates of $14.05 billion. Cisco Systems had a return on equity of 26.48% and a net margin of 17.60%. The company's revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company posted $0.88 EPS. As a group, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.39%. Cisco Systems's dividend payout ratio is presently 66.94%.

Insider Transactions at Cisco Systems

In related news, SVP Maria Victoria Wong sold 762 shares of the stock in a transaction that occurred 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 sale, the senior vice president directly owned 36,937 shares of the company's stock, valued at approximately $2,366,553.59. This trade represents a 2.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Richard Scott Herren sold 15,678 shares of Cisco Systems stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $65.52, for a total transaction of $1,027,222.56. Following the completion of the transaction, the chief financial officer owned 309,543 shares of the company's stock, valued at $20,281,257.36. This represents a 4.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,335 shares of company stock valued at $6,271,054. Corporate insiders own 0.01% of the company's stock.

Analyst Ratings Changes

CSCO has been the subject of a number of analyst reports. KeyCorp began coverage on Cisco Systems in a research report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price target for the company. New Street Research restated a "neutral" rating and issued a $70.00 price target on shares of Cisco Systems in a report on Friday, May 16th. Piper Sandler boosted their price objective on shares of Cisco Systems from $60.00 to $64.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Citigroup boosted their price objective on shares of Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Wells Fargo & Company upgraded shares of Cisco Systems from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $72.00 to $75.00 in a report on Thursday, May 15th. Eight analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $70.35.

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.