Telos Capital Management Inc. Sells 4,961 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Telos Capital Management Inc. cut its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,595 shares of the network equipment provider's stock after selling 4,961 shares during the quarter. Telos Capital Management Inc.'s holdings in Cisco Systems were worth $7,750,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CSCO. Navigoe LLC bought a new stake in Cisco Systems in the fourth quarter valued at about $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Cisco Systems during the fourth quarter worth $26,000. JDM Financial Group LLC lifted its position in shares of Cisco Systems by 160.4% in the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after buying an additional 300 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new position in shares of Cisco Systems in the 4th quarter valued at about $30,000. Finally, Campbell Capital Management Inc. bought a new stake in shares of Cisco Systems during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CSCO. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a "hold" rating to a "buy" rating and increased their target price for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. Citigroup increased their target price on shares of Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Piper Sandler increased their price objective on shares of Cisco Systems from $60.00 to $64.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Morgan Stanley reiterated a "hold" rating on shares of Cisco Systems in a research report on Wednesday, May 21st. Finally, Wall Street Zen lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Cisco Systems presently has an average rating of "Moderate Buy" and an average price target of $69.53.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO traded down $0.81 during midday trading on Friday, hitting $67.95. The company's stock had a trading volume of 14,698,247 shares, compared to its average volume of 20,360,928. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.87 and a current ratio of 0.95. The stock's 50 day simple moving average is $65.02 and its 200 day simple moving average is $61.81. The stock has a market capitalization of $269.08 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 4.11 and a beta of 0.90. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $69.78.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly 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. Cisco Systems had a return on equity of 26.48% and a net margin of 17.60%. The company had revenue of $14.15 billion for the quarter, compared to the consensus estimate of $14.05 billion. During the same period in the previous year, the business posted $0.88 EPS. The company's revenue for the quarter was up 11.4% on a year-over-year basis. As a group, research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.41 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.41%. Cisco Systems's dividend payout ratio (DPR) is currently 66.94%.

Insiders Place Their Bets

In other Cisco Systems news, SVP Maria Victoria Wong sold 762 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $64.07, for a total transaction of $48,821.34. Following the completion of the transaction, the senior vice president owned 36,937 shares in the company, valued at $2,366,553.59. This trade represents a 2.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Deborah L. Stahlkopf sold 2,407 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $64.01, for a total value of $154,072.07. Following the completion of the sale, the executive vice president owned 177,027 shares in the company, valued at approximately $11,331,498.27. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,335 shares of company stock valued at $6,271,054 over the last 90 days. Company insiders own 0.01% of the company's stock.

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.