Cisco Systems, Inc. $CSCO Shares Sold by Birmingham Capital Management Co. Inc. AL

Key Points

• Birmingham Capital Management Co. Inc. reduced its stake in Cisco Systems by 49.1%, owning 10,950 shares after selling 10,548 shares in the 2nd quarter, valuing their holdings at $760,000.
• Insider activities include EVP Oliver Tuszik selling 17,526 shares for about $1.19 million, and EVP Deborah L. Stahlkopf selling 9,783 shares for around $651,500, indicating a decrease in ownership by 8.10% and 5.71%, respectively.
• Cisco Systems recently declared a quarterly dividend of $0.41 per share, with an annualized yield of 2.3%, payable on October 22nd, reflecting a payout ratio of 62.60%.

Birmingham Capital Management Co. Inc. AL reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 49.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,950 shares of the network equipment provider's stock after selling 10,548 shares during the period. Birmingham Capital Management Co. Inc. AL's holdings in Cisco Systems were worth $760,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Financial Connections Group Inc. raised its stake in shares of Cisco Systems by 89.4% in the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock valued at $28,000 after acquiring an additional 193 shares during the period. Pandora Wealth Inc. purchased a new position in Cisco Systems in the first quarter valued at $31,000. Nova Wealth Management Inc. acquired a new position in shares of Cisco Systems during the first quarter worth about $31,000. Brown Shipley& Co Ltd acquired a new position in Cisco Systems during the 2nd quarter worth approximately $32,000. Finally, Fairway Wealth LLC increased its holdings in Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Transactions at Cisco Systems

In related news, EVP Oliver Tuszik sold 17,526 shares of Cisco Systems stock in a transaction on Friday, September 19th. The stock was sold at an average price of $67.95, for a total value of $1,190,891.70. Following the transaction, the executive vice president directly owned 198,855 shares in the company, valued at $13,512,197.25. The trade was a 8.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $651,547.80. Following the completion of the transaction, the executive vice president directly owned 161,662 shares in the company, valued at approximately $10,766,689.20. This trade represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,965 shares of company stock worth $5,559,996 over the last ninety days. Insiders own 0.01% of the company's stock.

Cisco Systems Price Performance

CSCO opened at $70.13 on Monday. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.55. The company has a market cap of $277.24 billion, a P/E ratio of 26.77, a P/E/G ratio of 2.95 and a beta of 0.97. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average of $68.20 and a two-hundred day moving average of $65.19.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same quarter last year, the firm posted $0.87 earnings per share. The business's quarterly revenue 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. On average, analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

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

Analysts Set New Price Targets

CSCO has been the topic of several research analyst reports. William Blair upgraded shares of Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. Piper Sandler upped their price objective on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Rosenblatt Securities reissued a "buy" rating and issued a $87.00 price target on shares of Cisco Systems in a report on Thursday, August 14th. Morgan Stanley boosted their price objective on shares of Cisco Systems from $73.00 to $77.00 and gave the stock an "overweight" rating in a report on Friday, October 10th. Finally, Wolfe Research initiated coverage on Cisco Systems in a report on Tuesday, July 8th. They set a "peer perform" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cisco Systems presently has an average rating of "Moderate Buy" and an average target price of $74.72.

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.

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.