Iams Wealth Management LLC Has $326,000 Position in Cisco Systems, Inc. $CSCO

Key Points

• Iams Wealth Management LLC significantly reduced its holdings in Cisco Systems, Inc. by 80.1% during the second quarter, owning 4,704 shares valued at $326,000.
• Cisco Systems reported a quarterly earnings per share of $0.99, beating analyst expectations, with revenue reaching $14.67 billion, a 7.6% year-over-year increase.
• The company announced a quarterly dividend of $0.41 per share, to be paid on October 22nd, which gives a 2.4% dividend yield.

Iams Wealth Management LLC lowered its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 80.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,704 shares of the network equipment provider's stock after selling 18,940 shares during the quarter. Iams Wealth Management LLC's holdings in Cisco Systems were worth $326,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Pandora Wealth Inc. acquired a new stake in Cisco Systems in the 1st quarter valued at $31,000. Nova Wealth Management Inc. purchased a new position in Cisco Systems during the 1st quarter worth $31,000. Fairway Wealth LLC boosted 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 acquiring an additional 400 shares during the last quarter. Accent Capital Management LLC purchased a new position in Cisco Systems during the 1st quarter worth $36,000. Finally, Investment Management Corp VA ADV boosted its holdings in Cisco Systems by 145.3% during the 1st quarter. Investment Management Corp VA ADV now owns 596 shares of the network equipment provider's stock worth $37,000 after acquiring an additional 353 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Activity at Cisco Systems

In other news, CEO Charles Robbins sold 30,557 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 639,000 shares of the company's stock, valued at approximately $42,576,570. The trade was a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total value of $502,035.24. Following the transaction, the executive vice president directly owned 161,467 shares of the company's stock, valued at $10,792,454.28. The trade was a 4.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,965 shares of company stock valued at $5,559,996 in the last ninety days. Insiders own 0.01% of the company's stock.

Cisco Systems Trading Down 0.7%

Shares of CSCO opened at $67.75 on Tuesday. The business's 50-day moving average price is $68.14 and its 200-day moving average price is $64.17. Cisco Systems, Inc. has a twelve month low of $51.89 and a twelve month high of $72.55. The stock has a market cap of $267.83 billion, a PE ratio of 25.86, a P/E/G ratio of 2.87 and a beta of 0.99. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly 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 return on equity of 27.06% and a net margin of 18.45%.The firm had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. During the same period in the prior year, the business posted $0.87 earnings per share. The company'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. On average, equities analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems's payout ratio is presently 62.60%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. HSBC reaffirmed a "hold" rating and set a $69.00 price objective on shares of Cisco Systems in a report on Friday, August 15th. Hsbc Global Res downgraded shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. William Blair raised shares of Cisco Systems to a "hold" rating in a report on Thursday, August 14th. Bank of America lifted 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. Finally, Morgan Stanley boosted their price target on shares of Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus 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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