Wesbanco Bank Inc. Has $25.20 Million Stock Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Wesbanco Bank Inc. increased its ownership in Cisco Systems, Inc. by 1.6% during Q2, holding 363,185 shares valued at approximately $25.20 million.
• Cisco reported a Q4 earnings per share (EPS) of $0.99, exceeding analysts' estimates, with a revenue of $14.67 billion, marking a 7.6% increase year-over-year.
• The company announced a quarterly dividend of $0.41 per share, which equates to an annualized yield of 2.5%, and has a dividend payout ratio of 62.60%.

Wesbanco Bank Inc. increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 363,185 shares of the network equipment provider's stock after acquiring an additional 5,690 shares during the quarter. Cisco Systems comprises about 0.7% of Wesbanco Bank Inc.'s investment portfolio, making the stock its 25th largest position. Wesbanco Bank Inc.'s holdings in Cisco Systems were worth $25,198,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kornitzer Capital Management Inc. KS lifted its stake in shares of 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 valued at $55,049,000 after acquiring an additional 6,501 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of 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 valued at $389,000 after acquiring an additional 612 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Cisco Systems by 28.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock valued at $249,180,000 after acquiring an additional 904,548 shares during the period. Acadian Asset Management LLC lifted its stake in shares of 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 valued at $482,509,000 after acquiring an additional 5,622,672 shares during the period. Finally, IFP Advisors Inc lifted its stake in Cisco Systems by 2.6% in the first quarter. IFP Advisors Inc now owns 111,510 shares of the network equipment provider's stock valued at $6,882,000 after buying an additional 2,839 shares during the period. Institutional investors and hedge funds own 73.33% of the company's stock.

Cisco Systems Trading Down 1.7%

NASDAQ CSCO opened at $66.53 on Friday. The firm has a market cap of $263.01 billion, a P/E ratio of 25.39, a P/E/G ratio of 2.84 and a beta of 0.99. 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 stock's 50-day moving average is $68.24 and its 200-day moving average is $64.00. Cisco Systems, Inc. has a one year low of $49.67 and a one year high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.Cisco Systems's revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.5%. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.

Analysts Set New Price Targets

Several equities analysts have weighed in on CSCO shares. Rosenblatt Securities reissued a "buy" rating and issued a $87.00 target price on shares of Cisco Systems in a research note on Thursday, August 14th. Wolfe Research started coverage on Cisco Systems in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Morgan Stanley increased their target price on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a "hold" rating to a "buy" rating and increased their target price for the company from $65.00 to $73.00 in a research note on Monday, June 16th. Finally, William Blair raised Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $74.53.

Insider Buying and Selling at Cisco Systems

In related news, CEO Charles Robbins sold 30,557 shares of the 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 directly owned 639,000 shares in the company, valued at approximately $42,576,570. This trade represents a 4.56% 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 hyperlink. Also, CFO Richard Scott Herren sold 15,678 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $65.52, for a total value of $1,027,222.56. Following the transaction, the chief financial officer owned 309,543 shares of the company's stock, valued at approximately $20,281,257.36. The trade was a 4.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 88,099 shares of company stock valued at $5,851,765 in the last 90 days. 0.01% of the stock is currently owned by corporate insiders.

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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