Compton Wealth Advisory Group LLC Decreases Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Compton Wealth Advisory Group LLC lowered its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,217 shares of the network equipment provider’s stock after selling 2,218 shares during the period. Compton Wealth Advisory Group LLC’s holdings in Cisco Systems were worth $2,085,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CSCO. Quest Partners LLC bought a new position in shares of Cisco Systems during the second quarter worth about $62,000. Diversify Wealth Management LLC acquired a new position in shares of Cisco Systems in the 2nd quarter worth approximately $2,375,000. Wilkins Investment Counsel Inc. increased its holdings in shares of Cisco Systems by 2.8% in the 2nd quarter. Wilkins Investment Counsel Inc. now owns 77,781 shares of the network equipment provider’s stock valued at $3,695,000 after acquiring an additional 2,135 shares during the last quarter. Rock Point Advisors LLC lifted its stake in Cisco Systems by 66.1% during the second quarter. Rock Point Advisors LLC now owns 192,910 shares of the network equipment provider’s stock worth $9,165,000 after purchasing an additional 76,784 shares during the last quarter. Finally, Providence Wealth Advisors LLC boosted its holdings in Cisco Systems by 1.4% in the second quarter. Providence Wealth Advisors LLC now owns 23,718 shares of the network equipment provider’s stock worth $1,128,000 after purchasing an additional 330 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Bank of America upped their target price on Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Melius Research upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. UBS Group increased their target price on Cisco Systems from $55.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, Wells Fargo & Company upped their price target on shares of Cisco Systems from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cisco Systems presently has a consensus rating of “Moderate Buy” and an average price target of $61.28.

Cisco Systems Price Performance

Shares of CSCO traded down $0.12 during trading hours on Monday, hitting $58.62. 5,527,424 shares of the company were exchanged, compared to its average volume of 15,250,456. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. The company has a market capitalization of $233.47 billion, a PE ratio of 25.16, a PEG ratio of 4.37 and a beta of 0.84. The firm has a fifty day simple moving average of $58.67 and a 200-day simple moving average of $53.18. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $60.23.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The firm had revenue of $13.84 billion for the quarter, compared to analysts’ expectations of $13.78 billion. During the same quarter last year, the business posted $0.98 EPS. Cisco Systems’s revenue was down 5.6% on a year-over-year basis. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Friday, January 3rd. Cisco Systems’s payout ratio is 68.67%.

Insider Buying and Selling at Cisco Systems

In related news, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction on Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the completion of the sale, the chief executive officer now owns 783,786 shares of the company’s stock, valued at approximately $45,059,857.14. This trade represents a 17.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deborah L. Stahlkopf sold 58,188 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $3,345,228.12. Following the completion of the transaction, the executive vice president now directly owns 219,100 shares in the company, valued at approximately $12,596,059. The trade was a 20.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 353,522 shares of company stock valued at $20,349,721 in the last three months. 0.01% of the stock is currently owned by company insiders.

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.