Arlington Trust Co LLC Lowers Position in Cisco Systems, Inc. $CSCO

Key Points

• Arlington Trust Co LLC cut its stake in Cisco by 67.6% in Q4, selling 12,023 shares and leaving it with 5,775 shares valued at about $445,000.
• Cisco beat Q4 estimates, reporting $1.04 EPS vs. $1.02 expected and $15.35B in revenue (up 9.7% year-over-year); the stock carries a consensus "Moderate Buy" rating with an average price target of $89.81.
• Cisco increased its quarterly dividend to $0.42 (annualized $1.68, yield ~1.9%), while insiders sold roughly 46,431 shares in the past 90 days, totaling about $3.57 million.

Arlington Trust Co LLC lowered its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 67.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,775 shares of the network equipment provider's stock after selling 12,023 shares during the period. Arlington Trust Co LLC's holdings in Cisco Systems were worth $445,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CSCO. Marquette Asset Management LLC purchased a new stake in shares of Cisco Systems in the 3rd quarter valued at about $25,000. Board of the Pension Protection Fund purchased a new stake in shares of Cisco Systems in the 4th quarter valued at about $31,000. Cedar Mountain Advisors LLC raised its holdings in shares of Cisco Systems by 115.7% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 468 shares of the network equipment provider's stock valued at $32,000 after acquiring an additional 251 shares in the last quarter. Holos Integrated Wealth LLC purchased a new stake in shares of Cisco Systems in the 4th quarter valued at about $41,000. Finally, eCIO Inc. purchased a new stake in shares of Cisco Systems in the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO opened at $88.26 on Tuesday. The stock has a market cap of $348.62 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 3.35 and a beta of 0.83. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. Cisco Systems, Inc. has a 1-year low of $56.42 and a 1-year high of $90.45. The stock's 50-day moving average is $80.78 and its 200 day moving average is $77.62.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.02. The company had revenue of $15.35 billion for the quarter, compared to analysts' expectations of $15.11 billion. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.Cisco Systems's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.94 EPS. On average, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.4 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Thursday, April 2nd were paid a $0.42 dividend. This is an increase from Cisco Systems's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.9%. Cisco Systems's payout ratio is presently 58.95%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Cisco Systems from $95.00 to $96.00 and gave the company an "overweight" rating in a report on Thursday, April 16th. Wall Street Zen cut Cisco Systems from a "buy" rating to a "hold" rating in a report on Saturday, March 14th. UBS Group raised their price objective on Cisco Systems from $90.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, February 12th. Erste Group Bank cut Cisco Systems from a "buy" rating to a "hold" rating in a report on Wednesday, February 18th. Finally, Argus raised Cisco Systems to a "strong-buy" rating in a report on Friday, February 13th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $89.81.

Insiders Place Their Bets

In other Cisco Systems news, SVP Maria Victoria Wong sold 2,179 shares of Cisco Systems stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $77.74, for a total value of $169,395.46. Following the transaction, the senior vice president directly owned 28,807 shares of the company's stock, valued at $2,239,456.18. The trade was a 7.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeetendra I. Patel sold 11,248 shares of Cisco Systems stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $76.00, for a total value of $854,848.00. Following the completion of the transaction, the insider directly owned 262,776 shares in the company, valued at $19,970,976. This trade represents a 4.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 46,431 shares of company stock worth $3,574,820. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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