Bahl & Gaynor Inc. Decreases Stock Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Bahl & Gaynor Inc. reduced its stake in Cisco Systems by 1.4% during Q1, selling 30,653 shares, and now holds approximately 2.13 million shares valued at $131.7 million.
• Cisco announced a quarterly dividend of $0.41 per share, with a payout ratio of 62.60%, to be paid on October 22nd to shareholders of record on October 3rd.
• Analysts have set a consensus target price of $74.53 for Cisco shares, with one strong buy, thirteen buy, and ten hold ratings reflecting a positive outlook for the company.

Bahl & Gaynor Inc. lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,134,787 shares of the network equipment provider's stock after selling 30,653 shares during the quarter. Bahl & Gaynor Inc. owned 0.05% of Cisco Systems worth $131,738,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Navigoe LLC purchased a new stake in shares of Cisco Systems in the 4th quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Cisco Systems during the fourth quarter worth $26,000. JDM Financial Group LLC increased its holdings in Cisco Systems by 160.4% in the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after buying an additional 300 shares during the last quarter. Pandora Wealth Inc. acquired a new stake in Cisco Systems in the first quarter valued at $31,000. Finally, Fairway Wealth LLC lifted its holdings in Cisco Systems by 224.7% during the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after buying an additional 400 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Stock Performance

NASDAQ CSCO traded up $0.30 during trading on Friday, reaching $67.32. The company's stock had a trading volume of 16,826,733 shares, compared to its average volume of 22,719,050. The business's fifty day moving average price is $68.20 and its 200-day moving average price is $63.57. Cisco Systems, Inc. has a twelve month low of $47.85 and a twelve month high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01. The firm has a market cap of $266.59 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 2.75 and a beta of 0.91.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.The business's revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. As a group, analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.

Insider Transactions at Cisco Systems

In other news, CEO Charles Robbins sold 30,557 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the transaction, the chief executive officer directly owned 639,000 shares in the company, valued at $42,576,570. The trade was a 4.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Oliver Tuszik sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $63.53, for a total transaction of $952,950.00. Following the completion of the sale, the executive vice president owned 131,676 shares of the company's stock, valued at approximately $8,365,376.28. The trade was a 10.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,118 shares of company stock worth $8,847,167 over the last quarter. 0.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on CSCO. Evercore ISI increased their price objective on Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a report on Thursday, August 14th. Piper Sandler increased their price target on shares of Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Wolfe Research began coverage on shares of Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. JPMorgan Chase & Co. increased their target price on shares of Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, Bank of America boosted their price target on shares of Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $74.53.

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.