InterOcean Capital LLC lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 13.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 431,472 shares of the network equipment provider’s stock after purchasing an additional 51,234 shares during the quarter. Cisco Systems comprises about 2.2% of InterOcean Capital LLC’s investment portfolio, making the stock its 14th largest position. InterOcean Capital LLC’s holdings in Cisco Systems were worth $13,505,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Risk Paradigm Group LLC lifted its holdings in Cisco Systems by 337.1% in the 2nd quarter. Risk Paradigm Group LLC now owns 5,909 shares of the network equipment provider’s stock valued at $185,000 after purchasing an additional 4,557 shares in the last quarter. Doliver Capital Advisors LP purchased a new position in Cisco Systems in the 2nd quarter valued at about $271,000. Summit Financial Wealth Advisors LLC purchased a new position in Cisco Systems in the 2nd quarter valued at about $312,000. Hillsdale Investment Management Inc. lifted its holdings in Cisco Systems by 3,170.0% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 9,810 shares of the network equipment provider’s stock valued at $307,000 after purchasing an additional 9,510 shares in the last quarter. Finally, Zacks Investment Management lifted its holdings in Cisco Systems by 1.0% in the 2nd quarter. Zacks Investment Management now owns 2,218,025 shares of the network equipment provider’s stock valued at $69,424,000 after purchasing an additional 22,846 shares in the last quarter. Institutional investors and hedge funds own 75.55% of the company’s stock.
Cisco Systems, Inc. (NASDAQ:CSCO) traded up $0.56 during trading on Tuesday, hitting $38.86. The stock had a trading volume of 20,026,800 shares, compared to its average volume of 21,870,000. The stock has a market cap of $192,110.00, a PE ratio of 20.13, a P/E/G ratio of 3.46 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87. Cisco Systems, Inc. has a 12 month low of $29.80 and a 12 month high of $38.99.
Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The company had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.11 billion. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 EPS. equities analysts forecast that Cisco Systems, Inc. will post 2.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Friday, January 5th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Thursday, January 4th. Cisco Systems’s dividend payout ratio (DPR) is currently 60.10%.
A number of research firms have recently commented on CSCO. BMO Capital Markets reaffirmed a “hold” rating and set a $32.00 price objective on shares of Cisco Systems in a research note on Thursday, September 28th. Vetr downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 price objective for the company. in a research note on Monday, September 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research note on Tuesday, September 19th. Credit Suisse Group reaffirmed a “hold” rating and set a $35.00 price objective on shares of Cisco Systems in a research note on Friday, October 6th. Finally, ValuEngine raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have assigned a buy rating to the company. Cisco Systems presently has a consensus rating of “Buy” and a consensus target price of $37.35.
In related news, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the transaction, the insider now directly owns 712,736 shares in the company, valued at $26,014,864. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rebecca Jacoby sold 75,021 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total value of $2,882,306.82. Following the transaction, the senior vice president now owns 257,476 shares in the company, valued at $9,892,227.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 348,643 shares of company stock valued at $12,892,271. Company insiders own 0.05% of the company’s stock.
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Cisco Systems Company Profile
Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).
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