Foster & Motley Inc. Decreases Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Key Points

• Foster & Motley Inc. reduced its stake in Cisco Systems by 4.1%, resulting in ownership of 165,444 shares worth approximately $10.21 million as of the most recent SEC filing.
• Cisco reported a quarterly earnings per share (EPS) of $0.96, exceeding analysts' expectations of $0.92, with revenue growing 11.4% year-over-year to $14.15 billion.
• The company recently announced a quarterly dividend of $0.41 per share, which represents a yield of 2.41% and a payout ratio of approximately 66.94%.

Foster & Motley Inc. trimmed its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 4.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,444 shares of the network equipment provider's stock after selling 7,073 shares during the period. Foster & Motley Inc.'s holdings in Cisco Systems were worth $10,210,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CSCO. Navigoe LLC bought a new stake in shares of Cisco Systems during the fourth quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Cisco Systems in the 4th quarter worth about $26,000. JDM Financial Group LLC boosted its stake in Cisco Systems by 160.4% during the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after purchasing an additional 300 shares during the last quarter. Fairway Wealth LLC increased its holdings in 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, Accredited Wealth Management LLC bought a new position in shares of Cisco Systems in the fourth quarter valued at approximately $37,000. 73.33% of the stock is owned by institutional investors.

Cisco Systems Trading Down 1.9%

Shares of Cisco Systems stock traded down $1.32 during midday trading on Friday, reaching $66.76. 2,724,325 shares of the company's stock traded hands, compared to its average volume of 21,085,338. The stock has a 50 day moving average of $66.79 and a 200-day moving average of $62.66. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $69.78. The company has a market cap of $264.36 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 4.08 and a beta of 0.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.87 and a current ratio of 0.95.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $14.15 billion during the quarter, compared to analysts' expectations of $14.05 billion. Cisco Systems had a net margin of 17.60% and a return on equity of 26.48%. The company's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company posted $0.88 EPS. As a group, equities analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd were issued a $0.41 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.5%. Cisco Systems's dividend payout ratio is 66.94%.

Insiders Place Their Bets

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,643 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $63.50, for a total transaction of $612,330.50. Following the completion of the transaction, the executive vice president owned 181,186 shares of the company's stock, valued at approximately $11,505,311. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeetendra I. Patel sold 9,961 shares of Cisco Systems stock in a transaction on Friday, May 16th. The shares were sold at an average price of $63.97, for a total value of $637,205.17. Following the transaction, the insider owned 257,162 shares of the company's stock, valued at $16,450,653.14. The trade was a 3.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,335 shares of company stock valued at $6,271,054 in the last 90 days. Corporate insiders own 0.01% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wolfe Research initiated coverage on Cisco Systems in a report on Tuesday, July 8th. They set a "peer perform" rating for the company. Evercore ISI reiterated an "in-line" rating and issued a $72.00 target price on shares of Cisco Systems in a report on Monday. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and increased their price objective for the company from $65.00 to $73.00 in a research note on Monday, June 16th. Wells Fargo & Company upgraded Cisco Systems from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $72.00 to $75.00 in a research note on Thursday, May 15th. Finally, CICC Research assumed coverage on shares of Cisco Systems in a research report on Monday, July 14th. They issued an "outperform" rating and a $78.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.35.

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.