ZWJ Investment Counsel Inc. Sells 13,505 Shares of Cisco Systems, Inc. $CSCO

Key Points

• ZWJ Investment Counsel Inc. sold 13,505 shares of Cisco Systems, reducing its holdings by 1.5%, leaving them with a total of 883,271 shares valued at approximately $61.3 million.
• Insider trading reports reveal that executives Deborah L. Stahlkopf and Charles Robbins sold a total of 40,340 shares on August 15, reflecting a decrease in their ownership positions.
• Cisco Systems has announced a quarterly dividend of $0.41 per share, which will be paid on October 22, representing a 2.4% yield for investors on record by October 3.

ZWJ Investment Counsel Inc. reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 883,271 shares of the network equipment provider's stock after selling 13,505 shares during the quarter. Cisco Systems makes up about 2.3% of ZWJ Investment Counsel Inc.'s holdings, making the stock its 11th largest position. ZWJ Investment Counsel Inc.'s holdings in Cisco Systems were worth $61,281,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Kornitzer Capital Management Inc. KS lifted 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 raised its stake in shares of Cisco Systems by 10.8% in 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 buying an additional 612 shares during the period. Acadian Asset Management LLC raised its stake in shares of Cisco Systems by 255.9% in 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 buying an additional 5,622,672 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Cisco Systems by 28.9% in 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 buying an additional 904,548 shares during the period. Finally, Banque Pictet & Cie SA raised its stake in shares of Cisco Systems by 1.0% in the second quarter. Banque Pictet & Cie SA now owns 55,168 shares of the network equipment provider's stock valued at $3,813,000 after buying an additional 535 shares during the period. 73.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 9,783 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $651,547.80. Following the completion of the transaction, the executive vice president directly owned 161,662 shares in the company, valued at approximately $10,766,689.20. This represents a 5.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles Robbins sold 30,557 shares of the company'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 transaction, the chief executive officer owned 639,000 shares of the company's stock, 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. Insiders sold 82,965 shares of company stock valued at $5,559,996 over the last 90 days. Insiders own 0.01% of the company's stock.

Cisco Systems Price Performance

Cisco Systems stock opened at $67.92 on Friday. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $72.55. The business has a 50-day simple moving average of $68.10 and a 200 day simple moving average of $64.57. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The stock has a market cap of $268.50 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.87 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its 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 return on equity of 27.06% and a net margin of 18.45%.The business had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. During the same period in the previous year, the business earned $0.87 earnings per share. The firm'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. On average, research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

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

Analyst Upgrades and Downgrades

CSCO has been the topic of several research reports. KeyCorp initiated coverage on Cisco Systems in a research note on Thursday, June 26th. They issued an "overweight" rating and a $77.00 target price on the stock. Evercore ISI boosted their target price on Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research note on Thursday, August 14th. Morgan Stanley boosted 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. Rosenblatt Securities restated a "buy" rating and issued a $87.00 target price on shares of Cisco Systems in a research note on Thursday, August 14th. Finally, Piper Sandler boosted their price objective on Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $74.53.

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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