Cisco Systems, Inc. $CSCO Holdings Cut by Mid American Wealth Advisory Group Inc.

Key Points

• Mid American Wealth Advisory Group Inc. reduced its stake in Cisco Systems by 11.3%, now holding 57,905 shares worth approximately $4 million.
• Cisco's CEO, Charles Robbins, sold 30,557 shares in August, resulting in a 4.56% decrease in his ownership position.
• The company recently declared a quarterly dividend of $0.41 per share, representing an annualized yield of 2.3%.

Mid American Wealth Advisory Group Inc. reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 11.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,905 shares of the network equipment provider's stock after selling 7,347 shares during the period. Cisco Systems accounts for 1.9% of Mid American Wealth Advisory Group Inc.'s investment portfolio, making the stock its 18th biggest holding. Mid American Wealth Advisory Group Inc.'s holdings in Cisco Systems were worth $4,017,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CSCO. Triton Financial Group Inc acquired a new stake in Cisco Systems during the second quarter valued at $2,615,000. Klingman & Associates LLC lifted its holdings in shares of Cisco Systems by 28.9% during the 2nd quarter. Klingman & Associates LLC now owns 13,788 shares of the network equipment provider's stock valued at $957,000 after buying an additional 3,089 shares during the last quarter. Pittenger & Anderson Inc. lifted its holdings in shares of Cisco Systems by 7.1% during the 2nd quarter. Pittenger & Anderson Inc. now owns 234,623 shares of the network equipment provider's stock valued at $16,278,000 after buying an additional 15,600 shares during the last quarter. Phoenix Financial Ltd. increased its holdings in Cisco Systems by 186.0% in the second quarter. Phoenix Financial Ltd. now owns 148,311 shares of the network equipment provider's stock worth $10,288,000 after buying an additional 96,463 shares during the last quarter. Finally, Journey Advisory Group LLC increased its holdings in Cisco Systems by 5.1% in the second quarter. Journey Advisory Group LLC now owns 4,951 shares of the network equipment provider's stock worth $343,000 after buying an additional 240 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of the transaction, the chief executive officer owned 639,000 shares of the company's stock, valued at $42,576,570. This represents a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thimaya K. Subaiya sold 1,744 shares of Cisco Systems stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $66.78, for a total value of $116,464.32. Following the sale, the executive vice president directly owned 158,009 shares in the company, valued at $10,551,841.02. The trade was a 1.09% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Price Performance

NASDAQ CSCO opened at $70.65 on Tuesday. The stock has a 50-day simple moving average of $68.20 and a 200 day simple moving average of $65.31. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $72.55. The stock has a market capitalization of $279.29 billion, a PE ratio of 26.97, a P/E/G ratio of 2.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same period in the previous year, the business posted $0.87 EPS. The company's revenue for the quarter was up 7.6% on a year-over-year basis. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Research analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. Cisco Systems's dividend payout ratio is 62.60%.

Wall Street Analyst Weigh In

Several research firms have commented on CSCO. Hsbc Global Res downgraded shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. HSBC reiterated a "hold" rating and issued a $69.00 price objective on shares of Cisco Systems in a report on Friday, August 15th. Bank of America raised their target price on Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Barclays boosted their price target on Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Finally, UBS Group increased their price objective on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $74.72.

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.

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