Cisco Systems, Inc. $CSCO Shares Sold by RNC Capital Management LLC

Key Points

• RNC Capital Management LLC reduced its holdings in Cisco Systems by 0.4%, now owning approximately 1,081,284 shares, valued at about $66.7 million, which represents 3.4% of its total portfolio.
• Cisco reported earnings of $0.99 per share for the recent quarter, exceeding expectations, with revenues up 7.6% year-over-year.
• The company announced a $0.41 quarterly dividend, with a payout ratio of 62.6%, scheduled for payment on October 22nd to investors of record on October 3rd.

RNC Capital Management LLC decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,081,284 shares of the network equipment provider's stock after selling 4,615 shares during the quarter. Cisco Systems accounts for approximately 3.4% of RNC Capital Management LLC's holdings, making the stock its 4th biggest holding. RNC Capital Management LLC's holdings in Cisco Systems were worth $66,726,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CSCO. Mpwm Advisory Solutions LLC acquired a new stake in shares of Cisco Systems during the 4th quarter worth about $26,000. JDM Financial Group LLC increased its position in shares of Cisco Systems by 160.4% during the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after purchasing an additional 300 shares in the last quarter. Pandora Wealth Inc. acquired a new stake in shares of Cisco Systems during the 1st quarter worth about $31,000. Fairway Wealth LLC increased its position in shares of 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 purchasing an additional 400 shares in the last quarter. Finally, Accent Capital Management LLC acquired a new stake in shares of Cisco Systems during the 1st quarter worth about $36,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Cisco Systems Price Performance

NASDAQ CSCO opened at $66.90 on Monday. Cisco Systems, Inc. has a 12-month low of $47.85 and a 12-month high of $72.55. 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 firm's 50 day moving average is $68.44 and its 200-day moving average is $63.88. The company has a market capitalization of $264.47 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 2.81 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. During the same period last year, the business earned $0.87 earnings per share. The firm's 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. Equities research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.5%. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.

Insiders Place Their Bets

In other Cisco Systems news, CFO Richard Scott Herren sold 15,678 shares of Cisco Systems stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $65.52, for a total transaction of $1,027,222.56. Following the completion of the transaction, the chief financial officer directly owned 309,543 shares of the company's stock, valued at $20,281,257.36. The trade was a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction on Friday, August 15th. The stock was 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 of the company's stock, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,311 shares of company stock valued at $5,916,823 in the last ninety days. 0.01% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CSCO shares. Wolfe Research started coverage on shares of Cisco Systems in a report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Bank of America increased their price objective on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. KeyCorp started coverage on shares of Cisco Systems in a report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price objective on the stock. William Blair raised shares of Cisco Systems to a "hold" rating in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Cisco Systems 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.

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