Hanson & Doremus Investment Management Lowers Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• Hanson & Doremus Investment Management has reduced its stake in Cisco Systems by 22.8%, selling 15,806 shares and now holding 53,561 shares worth approximately $3.72 million.
• Cisco Systems reported a quarterly EPS of $0.99, exceeding analysts' expectations, alongside a revenue of $14.67 billion, indicating a 7.6% increase from the previous year.
• The company announced a quarterly dividend of $0.41 per share, with an upcoming payment date of October 22nd for investors registered by October 3rd.

Hanson & Doremus Investment Management lessened its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 22.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 53,561 shares of the network equipment provider's stock after selling 15,806 shares during the period. Hanson & Doremus Investment Management's holdings in Cisco Systems were worth $3,716,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Pandora Wealth Inc. acquired a new stake in shares of Cisco Systems in the first quarter valued at about $31,000. Nova Wealth Management Inc. acquired a new stake in Cisco Systems during the first quarter worth about $31,000. Fairway Wealth LLC increased its position in Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 400 shares during the last quarter. Accent Capital Management LLC acquired a new stake in Cisco Systems during the first quarter worth about $36,000. Finally, Investment Management Corp VA ADV increased its position in Cisco Systems by 145.3% during the first quarter. Investment Management Corp VA ADV now owns 596 shares of the network equipment provider's stock worth $37,000 after purchasing an additional 353 shares during the last quarter. Institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Performance

CSCO stock opened at $67.22 on Monday. The stock has a market capitalization of $265.73 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $72.55. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The stock's 50 day simple moving average is $68.12 and its 200 day simple moving average is $64.36.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 EPS. 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 forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

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 issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.4%. Cisco Systems's dividend payout ratio is currently 62.60%.

Insider Buying and Selling

In related news, EVP Thimaya K. Subaiya sold 7,511 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total value of $502,035.24. Following the completion of the transaction, the executive vice president owned 161,467 shares of the company's stock, valued at approximately $10,792,454.28. This represents a 4.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the transaction, the executive vice president directly owned 198,855 shares of the company's stock, valued at $13,512,197.25. This trade represents a 8.10% decrease in their position. 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 in the last three months. Corporate insiders own 0.01% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on CSCO. CICC Research began coverage on shares of Cisco Systems in a research note on Monday, July 14th. They issued an "outperform" rating and a $78.00 price objective for the company. Wolfe Research initiated coverage on shares of Cisco Systems in a research note on Tuesday, July 8th. They issued a "peer perform" rating for the company. UBS Group lifted their price target on shares of Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Wall Street Zen downgraded shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and lifted their price target for the stock from $65.00 to $73.00 in a research note on Monday, June 16th. One research 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 stock. According to MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and a consensus target price of $74.53.

Cisco Systems 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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