Fifth Third Wealth Advisors LLC Buys 10,690 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Fifth Third Wealth Advisors LLC increased its shares in Cisco Systems by 15.5% by acquiring an additional 10,690 shares, bringing its total holdings to 79,878 shares valued at approximately $5.54 million.
• Cisco Systems reported earnings of $0.99 per share for the latest quarter, surpassing the consensus estimate of $0.98, and reported a revenue of $14.67 billion, exceeding analyst expectations.
• The company declared a quarterly dividend of $0.41 per share, with a scheduled payment date of October 22nd, representing an annualized yield of 2.4% based on the current share price.

Fifth Third Wealth Advisors LLC grew its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 15.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,878 shares of the network equipment provider's stock after buying an additional 10,690 shares during the period. Fifth Third Wealth Advisors LLC's holdings in Cisco Systems were worth $5,542,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CSCO. Vanguard Group Inc. increased its position in shares of Cisco Systems by 0.5% in the first quarter. Vanguard Group Inc. now owns 388,949,854 shares of the network equipment provider's stock worth $24,002,095,000 after purchasing an additional 1,865,648 shares during the period. Invesco Ltd. increased its position in shares of Cisco Systems by 10.4% in the first quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider's stock worth $2,907,599,000 after purchasing an additional 4,437,450 shares during the period. Goldman Sachs Group Inc. increased its holdings in Cisco Systems by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock valued at $2,898,722,000 after buying an additional 12,775,066 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Cisco Systems by 3.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 37,797,629 shares of the network equipment provider's stock valued at $2,332,492,000 after buying an additional 1,326,354 shares during the period. Finally, Amundi increased its holdings in Cisco Systems by 11.0% in the 1st quarter. Amundi now owns 29,170,847 shares of the network equipment provider's stock valued at $1,679,312,000 after buying an additional 2,898,391 shares during the period. Institutional investors own 73.33% of the company's stock.

Cisco Systems Trading Down 2.9%

CSCO opened at $67.94 on Friday. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $72.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The firm has a market capitalization of $268.58 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 2.94 and a beta of 0.97. The company's 50 day moving average price is $68.24 and its two-hundred day moving average price is $64.86.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping 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 company had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. During the same quarter in the previous year, the firm posted $0.87 earnings per share. Cisco Systems'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. As a group, research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share 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 given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's payout ratio is 62.60%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Cisco Systems in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Rosenblatt Securities reiterated a "buy" rating and issued a $87.00 target price on shares of Cisco Systems in a research report on Thursday, August 14th. Finally, CICC Research assumed coverage on shares of Cisco Systems in a report on Monday, July 14th. They set an "outperform" rating and a $78.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $74.89.

Insider Transactions at Cisco Systems

In other news, EVP Oliver Tuszik sold 17,526 shares of the company's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the sale, the executive vice president directly owned 198,855 shares of the company's stock, valued at approximately $13,512,197.25. This represents a 8.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the company's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total transaction of $185,041.44. Following the completion of the sale, the executive vice president directly owned 157,184 shares in the company, valued at approximately $10,701,086.72. This represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is currently owned by insiders.

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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