RNC Capital Management LLC Sells 7,531 Shares of Cisco Systems, Inc. $CSCO

Key Points

• RNC Capital Management LLC has reduced its stake in Cisco Systems, Inc. by 0.7%, selling 7,531 shares, leaving it with 1,073,753 shares valued at approximately $74.5 million.
• Insider transactions were notable, with EVP Thimaya K. Subaiya and EVP Oliver Tuszik selling 1,744 and 17,526 shares, respectively, indicating a decrease in their ownership stake.
• Cisco Systems declared a quarterly dividend of $0.41 per share, representing an annualized yield of 2.3%, with a current payout ratio of 62.60%.

RNC Capital Management LLC lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,073,753 shares of the network equipment provider's stock after selling 7,531 shares during the period. Cisco Systems makes up approximately 3.6% of RNC Capital Management LLC's portfolio, making the stock its 2nd biggest holding. RNC Capital Management LLC's holdings in Cisco Systems were worth $74,497,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Drive Wealth Management LLC grew its holdings in Cisco Systems by 2.7% during the second quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider's stock worth $1,152,000 after acquiring an additional 436 shares during the period. Kornitzer Capital Management Inc. KS grew its holdings in Cisco Systems by 0.7% during 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 during the period. Golden State Wealth Management LLC grew its holdings in Cisco Systems by 10.8% during the first quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider's stock worth $389,000 after acquiring an additional 612 shares during the period. Shell Asset Management Co. grew its holdings in Cisco Systems by 53.3% during the second quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider's stock worth $5,358,000 after acquiring an additional 26,840 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in Cisco Systems by 255.9% during the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider's stock worth $482,509,000 after acquiring an additional 5,622,672 shares during the period. Institutional investors and hedge funds own 73.33% of the company's stock.

Insiders Place Their Bets

In other news, EVP Thimaya K. Subaiya sold 1,744 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $66.78, for a total value of $116,464.32. Following the completion of the sale, the executive vice president owned 158,009 shares in the company, valued at approximately $10,551,841.02. This trade represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 value of $1,190,891.70. Following the completion of the sale, the executive vice president owned 198,855 shares of the company's stock, valued at approximately $13,512,197.25. This trade represents a 8.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,965 shares of company stock valued at $5,559,996. Company insiders own 0.01% of the company's stock.

Cisco Systems Stock Down 0.1%

CSCO opened at $70.66 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55. The business's fifty day moving average is $68.19 and its two-hundred day moving average is $65.38. The company has a market cap of $279.33 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 2.98 and a beta of 0.97.

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 (EPS) 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 business had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same period in the prior year, the business earned $0.87 earnings per share. The business'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. Analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd were paid a dividend of $0.41 per share. The ex-dividend date was Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.3%. Cisco Systems's dividend payout ratio is currently 62.60%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. KeyCorp assumed coverage on Cisco Systems in a report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price objective on the stock. Wall Street Zen lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Hsbc Global Res lowered Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. William Blair raised Cisco Systems to a "hold" rating in a report on Thursday, August 14th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Cisco Systems in a report on Wednesday, October 8th. One equities 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 company's stock. According to data from MarketBeat.com, Cisco Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.72.

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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