West Michigan Advisors LLC Acquires 6,311 Shares of Cisco Systems, Inc. $CSCO

Key Points

• West Michigan Advisors LLC has increased its holdings in Cisco Systems, Inc. by 66.2% during the 2nd quarter, now owning 15,845 shares valued at approximately $1,099,000.
• Several brokerages have adjusted their price targets for Cisco, with Morgan Stanley raising its target from $73.00 to $77.00 and maintaining an "overweight" rating.
• Cisco recently declared a quarterly dividend of $0.41 per share, contributing to an annual yield of 2.3%, with a payout ratio of 62.60%.

West Michigan Advisors LLC increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 66.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,845 shares of the network equipment provider's stock after purchasing an additional 6,311 shares during the quarter. West Michigan Advisors LLC's holdings in Cisco Systems were worth $1,099,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CSCO. Financial Connections Group Inc. raised its position in shares of Cisco Systems by 89.4% in the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock worth $28,000 after acquiring an additional 193 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in Cisco Systems in the second quarter worth approximately $32,000. Pandora Wealth Inc. acquired a new position in Cisco Systems in the first quarter valued at approximately $31,000. Nova Wealth Management Inc. acquired a new stake in shares of Cisco Systems during the 1st quarter worth approximately $31,000. Finally, Fairway Wealth LLC increased its stake in shares of Cisco Systems by 224.7% in the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CSCO. HSBC reiterated a "hold" rating and set a $69.00 price objective on shares of Cisco Systems in a report on Friday, August 15th. Morgan Stanley upped their price objective on shares of Cisco Systems from $73.00 to $77.00 and gave the stock an "overweight" rating in a report on Friday, October 10th. Piper Sandler boosted their price objective on Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. raised their target price on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, Wolfe Research assumed coverage on shares of Cisco Systems in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Cisco Systems has a consensus rating of "Moderate Buy" and an average price target of $74.72.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 1,744 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $66.78, for a total transaction of $116,464.32. Following the completion of the sale, the executive vice president owned 158,009 shares of the company's stock, valued at $10,551,841.02. This represents a 1.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of the sale, the chief executive officer directly owned 639,000 shares in the company, valued at $42,576,570. The trade was a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,965 shares of company stock valued at $5,559,996. Insiders own 0.01% of the company's stock.

Cisco Systems Price Performance

CSCO opened at $70.54 on Friday. The stock has a 50-day moving average price of $68.21 and a 200-day moving average price of $65.49. The stock has a market capitalization of $278.87 billion, a P/E ratio of 26.95, a PEG ratio of 2.98 and a beta of 0.97. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $72.55. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49.

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

Cisco Systems Announces Dividend

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

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.

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