Comerica Bank Has $101.52 Million Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• Comerica Bank reduced its stake in Cisco Systems by 1.1%, selling 17,495 shares during the first quarter, leaving it with a total of 1,645,041 shares valued at over $101 million.
• Wall Street analysts have mixed views on Cisco, with ratings ranging from Strong Buy to Hold, and a current consensus target price of $74.53.
• Cisco Systems recently announced a quarterly dividend of $0.41 per share, marking an annual yield of 2.4% and a payout ratio of 62.60%.

Comerica Bank trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,645,041 shares of the network equipment provider's stock after selling 17,495 shares during the quarter. Comerica Bank's holdings in Cisco Systems were worth $101,515,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kornitzer Capital Management Inc. KS increased its holdings in shares of Cisco Systems by 0.7% in the first quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider's stock worth $55,049,000 after acquiring an additional 6,501 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Cisco Systems by 10.8% during the 1st quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider's stock valued at $389,000 after purchasing an additional 612 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Cisco Systems by 28.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock valued at $249,180,000 after purchasing an additional 904,548 shares during the period. Investment Management Corp of Ontario increased its stake in Cisco Systems by 44.6% during the 4th quarter. Investment Management Corp of Ontario now owns 193,478 shares of the network equipment provider's stock worth $11,454,000 after purchasing an additional 59,680 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in Cisco Systems by 2.6% during the 1st quarter. IFP Advisors Inc now owns 111,510 shares of the network equipment provider's stock worth $6,882,000 after buying an additional 2,839 shares during the period. Institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Up 1.2%

Shares of Cisco Systems stock traded up $0.81 on Thursday, reaching $69.25. 6,029,035 shares of the company were exchanged, compared to its average volume of 21,339,375. Cisco Systems, Inc. has a one year low of $47.85 and a one year high of $72.55. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average of $68.34 and a 200 day moving average of $63.67. The company has a market capitalization of $274.21 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 2.90 and a beta of 0.91.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the company earned $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. On average, equities research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current 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. This represents a $1.64 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is 62.60%.

Insider Buying and Selling at Cisco Systems

In other news, CFO Richard Scott Herren sold 15,678 shares of Cisco Systems stock in a transaction that occurred on Tuesday, June 17th. The stock was 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 in the company, valued at approximately $20,281,257.36. The trade was a 4.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Charles Robbins sold 30,557 shares of the business'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 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 disclosure for this sale can be found here. Insiders have sold a total of 119,095 shares of company stock valued at $7,841,167 in the last three months. Corporate insiders own 0.01% of the company's stock.

Analysts Set New Price Targets

CSCO has been the subject of several research reports. KeyCorp assumed coverage on shares of Cisco Systems in a research report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price objective for the company. William Blair raised shares of Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. Hsbc Global Res downgraded Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and boosted their price target for the company from $65.00 to $73.00 in a report on Monday, June 16th. Finally, New Street Research reiterated a "neutral" rating and set a $70.00 price objective on shares of Cisco Systems in a report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.