Rep. C. Scott Franklin Sells Off Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Representative C. Scott Franklin (R-Florida) recently sold shares of Cisco Systems, Inc. NASDAQ: CSCO. In a filing disclosed on July 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Cisco Systems stock on June 16th. The trade occurred in the Representative's "FIDELITY JOINT TBE" account.

Representative C. Scott Franklin also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Apple NASDAQ: AAPL on 6/16/2025.
• Sold $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 6/16/2025.
• Sold $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 6/16/2025.
• Sold $15,001 - $50,000 in shares of McDonald's NYSE: MCD on 6/16/2025.
• Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 6/16/2025.
• Sold $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 6/16/2025.
• Sold $15,001 - $50,000 in shares of Walmart NYSE: WMT on 6/16/2025.
• Sold $15,001 - $50,000 in shares of Berkshire Hathaway NYSE: BRK.B on 6/16/2025.
• Sold $15,001 - $50,000 in shares of Home Depot NYSE: HD on 6/16/2025.
• Sold $1,001 - $15,000 in shares of Kenvue NYSE: KVUE on 6/16/2025.

Cisco Systems Stock Performance

CSCO traded down $0.25 during trading on Friday, reaching $68.05. The company's stock had a trading volume of 16,138,141 shares, compared to its average volume of 20,303,674. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $69.78. The company's fifty day moving average price is $65.84 and its 200-day moving average price is $62.11. The company has a market capitalization of $269.48 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 4.07 and a beta of 0.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.87 and a current ratio of 0.95.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $14.15 billion during the quarter, compared to the consensus estimate of $14.05 billion. Cisco Systems had a return on equity of 26.48% and a net margin of 17.60%. The company's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. On average, equities analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Thursday, July 3rd. Cisco Systems's payout ratio is 66.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CSCO shares. Rosenblatt Securities increased their price objective on shares of Cisco Systems from $63.00 to $74.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Piper Sandler raised their price target on shares of Cisco Systems from $60.00 to $64.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and raised their price target for the company from $65.00 to $73.00 in a research note on Monday, June 16th. CICC Research initiated coverage on shares of Cisco Systems in a research note on Monday, July 14th. They issued an "outperform" rating and a $78.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $70.35.

Insider Buying and Selling

In related news, CEO Charles Robbins sold 29,784 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $64.61, for a total value of $1,924,344.24. Following the transaction, the chief executive officer directly owned 688,409 shares in the company, valued at approximately $44,478,105.49. This represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeetendra I. Patel sold 9,961 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $63.97, for a total transaction of $637,205.17. Following the completion of the transaction, the insider owned 257,162 shares in the company, valued at $16,450,653.14. This trade represents a 3.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,335 shares of company stock valued at $6,271,054. 0.01% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cisco Systems

Several institutional investors have recently added to or reduced their stakes in the company. Navigoe LLC acquired a new position in Cisco Systems during the fourth quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Cisco Systems in the fourth quarter valued at approximately $26,000. Brown Shipley& Co Ltd acquired a new position in shares of Cisco Systems in the second quarter valued at approximately $32,000. JDM Financial Group LLC boosted its holdings in shares of Cisco Systems by 160.4% in the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after buying an additional 300 shares during the period. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of Cisco Systems in the fourth quarter valued at approximately $30,000. 73.33% of the stock is owned by institutional investors.

About Representative Franklin

Scott Franklin (Republican Party) is a member of the U.S. House, representing Florida's 18th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Franklin (Republican Party) is running for re-election to the U.S. House to represent Florida's 18th Congressional District. He declared candidacy for the 2026 election. Scott Franklin was born in Thomaston, Georgia. Franklin graduated from Lakeland High School. He served in the U.S. Navy from 1986 to 2000 and the U.S. Navy Reserve from 2000 to 2012. Franklin earned a B.S. from the United States Naval Academy in 1986 and an M.B.A. from Embry-Riddle Aeronautical University in 1994. Franklin's career experience includes owning an insurance agency and working as a naval aviator with the U.S. Navy.

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.