Buck Wealth Strategies LLC Has $13.29 Million Stake in Cisco Systems, Inc. $CSCO

Key Points

• Buck Wealth Strategies LLC trimmed its Cisco position by 9.1% in the fourth quarter, but still held 172,548 shares valued at about $13.29 million. Cisco remains its 19th-largest holding and 1.7% of the portfolio.
• Cisco reported better-than-expected quarterly results, with earnings of $1.04 per share and revenue of $15.35 billion, both topping Wall Street estimates. Revenue rose 9.7% year over year, and the company’s annualized dividend was also raised to $1.68 per share.
• Analysts remain generally upbeat on CSCO, with several raising price targets and the stock holding a Moderate Buy consensus rating. However, insiders have been selling shares recently, including CEO Charles Robbins and EVP Thimaya K. Subaiya.

Buck Wealth Strategies LLC lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 172,548 shares of the network equipment provider's stock after selling 17,327 shares during the period. Cisco Systems accounts for 1.7% of Buck Wealth Strategies LLC's portfolio, making the stock its 19th largest holding. Buck Wealth Strategies LLC's holdings in Cisco Systems were worth $13,291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lighthouse Financial Services Inc. ADV acquired a new stake in Cisco Systems in the fourth quarter valued at approximately $4,861,000. Merrithew & Thorsten Inc acquired a new position in shares of Cisco Systems during the 4th quarter worth $103,000. Chesapeake Wealth Management increased its stake in shares of Cisco Systems by 11.0% during the 4th quarter. Chesapeake Wealth Management now owns 23,489 shares of the network equipment provider's stock worth $1,809,000 after purchasing an additional 2,330 shares during the last quarter. Strategic Wealth Advisors LLC acquired a new position in shares of Cisco Systems during the 4th quarter worth $42,000. Finally, Anfield Capital Management LLC increased its stake in shares of Cisco Systems by 248.9% during the 4th quarter. Anfield Capital Management LLC now owns 485 shares of the network equipment provider's stock worth $37,000 after purchasing an additional 346 shares during the last quarter. Institutional investors own 73.33% of the company's stock.

Cisco Systems Price Performance

Shares of CSCO stock opened at $96.57 on Friday. The stock has a 50 day moving average of $82.32 and a two-hundred day moving average of $78.56. 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 12 month low of $59.44 and a 12 month high of $97.02. The company has a market capitalization of $381.44 billion, a P/E ratio of 33.88, a P/E/G ratio of 3.46 and a beta of 0.92.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The network equipment provider reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.02. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.The company had revenue of $15.35 billion during the quarter, compared to the consensus estimate of $15.11 billion. During the same quarter last year, the company earned $0.94 EPS. The company's quarterly revenue was up 9.7% on a year-over-year basis. As a group, equities analysts expect that Cisco Systems, Inc. will post 3.42 EPS for the current year.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Thursday, April 2nd were given a $0.42 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Cisco Systems's previous quarterly dividend of $0.41. Cisco Systems's dividend payout ratio is 58.95%.

Analyst Ratings Changes

Several research analysts have recently commented on CSCO shares. Evercore increased their price target on shares of Cisco Systems from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, May 4th. UBS Group increased their price target on shares of Cisco Systems from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. increased their price objective on Cisco Systems from $95.00 to $96.00 and gave the company an "overweight" rating in a report on Thursday, April 16th. Rosenblatt Securities reissued a "buy" rating and set a $100.00 price objective on shares of Cisco Systems in a report on Thursday, February 12th. Finally, DZ Bank raised Cisco Systems to a "strong-buy" rating in a report on Friday, February 13th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.29.

Insider Buying and Selling

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 1,744 shares of the firm's stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $77.07, for a total value of $134,410.08. Following the completion of the sale, the executive vice president owned 156,693 shares in the company, valued at approximately $12,076,329.51. This trade represents a 1.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 19,545 shares of the firm's 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 $1,485,420.00. Following the completion of the sale, the chief executive officer owned 671,095 shares of the company's stock, valued at $51,003,220. This represents a 2.83% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 46,431 shares of company stock worth $3,574,820. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems News Roundup

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Cisco is drawing heavier investor attention ahead of earnings, which can support trading volume and sentiment as traders position for a potential report-driven move. Cisco Systems, Inc. (CSCO) Is a Trending Stock: Facts to Know Before Betting on It
• Positive Sentiment: Analysts are continuing to frame Cisco’s investment case around its next quarterly results, with some views slightly improving fair value estimates, suggesting lingering confidence in the company’s fundamentals. How The Cisco Systems (CSCO) Investment Story Is Shifting As Analyst Views Diverge
• Neutral Sentiment: Cisco is set to participate in multiple upcoming financial-community events in May and June, which keeps management visible to investors but does not directly change the fundamentals. Cisco to Participate in May & June Events with the Financial Community
• Neutral Sentiment: Wall Street estimates for Cisco’s upcoming quarter are being closely dissected, but this is mainly an expectations check ahead of earnings rather than a new business catalyst. Unlocking Q3 Potential of Cisco (CSCO): Exploring Wall Street Estimates for Key Metrics
• Negative Sentiment: Recent coverage noted Cisco shares underperformed the broader market and dropped in the latest session, showing some near-term pressure before the company’s next earnings catalyst. Cisco Systems (CSCO) Stock Drops Despite Market Gains: Important Facts to Note

Cisco Systems Company 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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