St. Louis Financial Planners Asset Management LLC Takes $2.71 Million Position in Cisco Systems, Inc. $CSCO

Key Points

• St. Louis Financial Planners Asset Management LLC has acquired a new stake in Cisco Systems, purchasing 39,113 shares valued at approximately $2.71 million, making it the firm's 17th largest position.
• Cisco reported a quarterly earnings per share (EPS) of $0.99, exceeding analyst expectations, along with a revenue of $14.67 billion, which reflects a 7.6% increase year-over-year.
• The company has announced a quarterly dividend of $0.41, with an annual yield of 2.4%, payable on October 22nd, 2023.

St. Louis Financial Planners Asset Management LLC purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 39,113 shares of the network equipment provider's stock, valued at approximately $2,714,000. Cisco Systems makes up about 2.1% of St. Louis Financial Planners Asset Management LLC's portfolio, making the stock its 17th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new position in Cisco Systems in the fourth quarter worth approximately $26,000. JDM Financial Group LLC increased its position in shares of Cisco Systems by 160.4% during the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after purchasing an additional 300 shares in the last quarter. Pandora Wealth Inc. acquired a new position in shares of Cisco Systems during the first quarter worth $31,000. Nova Wealth Management Inc. acquired a new position in shares of Cisco Systems during the first quarter worth $31,000. Finally, Fairway Wealth LLC increased its position in shares of 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 in the last quarter. Institutional investors own 73.33% of the company's stock.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $67.02 on Tuesday. The company's fifty day moving average price is $68.20 and its 200 day moving average price is $64.02. Cisco Systems, Inc. has a 12 month low of $49.78 and a 12 month 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 $264.94 billion, a P/E ratio of 25.58, a P/E/G ratio of 2.80 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS 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 firm had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same period last year, the business earned $0.87 EPS. Cisco Systems's revenue for the quarter was up 7.6% compared to the same quarter last year. 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, sell-side analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

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

Wall Street Analyst Weigh In

CSCO has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a "hold" rating to a "buy" rating and upped their price target for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. KeyCorp began coverage on Cisco Systems in a research report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price target on the stock. CICC Research began coverage on shares of Cisco Systems in a report on Monday, July 14th. They set an "outperform" rating and a $78.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Finally, Morgan Stanley boosted their price objective on shares of Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, July 18th. One 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $74.53.

Insider Buying and Selling

In other Cisco Systems news, SVP Maria Victoria Wong sold 3,162 shares of Cisco Systems stock in a transaction on Monday, August 25th. The shares were sold at an average price of $67.28, for a total value of $212,739.36. Following the transaction, the senior vice president directly owned 31,468 shares in the company, valued at approximately $2,117,167.04. The trade was a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of Cisco Systems stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the completion of the transaction, the executive vice president owned 161,662 shares in the company, valued at approximately $10,766,689.20. This represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,439 shares of company stock valued at $4,369,104 in the last quarter. Corporate insiders own 0.01% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.