RMR Wealth Builders Decreases Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

RMR Wealth Builders reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 13.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,059 shares of the network equipment provider’s stock after selling 955 shares during the quarter. RMR Wealth Builders’ holdings in Cisco Systems were worth $359,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Outlook Wealth Advisors LLC purchased a new stake in Cisco Systems during the fourth quarter worth $774,000. Connective Portfolio Management LLC purchased a new position in shares of Cisco Systems in the fourth quarter valued at approximately $2,229,000. USA Financial Formulas purchased a new position in Cisco Systems in the 4th quarter valued at $1,395,000. Stolper Co boosted its stake in Cisco Systems by 0.7% during the 4th quarter. Stolper Co now owns 126,823 shares of the network equipment provider’s stock worth $7,508,000 after purchasing an additional 943 shares during the last quarter. Finally, ERn Financial LLC acquired a new position in shares of Cisco Systems during the 4th quarter worth approximately $271,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Stock Down 0.3 %

Shares of NASDAQ:CSCO opened at $59.82 on Friday. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $60.45. The stock’s 50-day moving average price is $58.83 and its two-hundred day moving average price is $53.39. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The firm has a market cap of $238.24 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 4.37 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $13.84 billion for the quarter, compared to analysts’ expectations of $13.78 billion. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. Cisco Systems’s revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 earnings per share. On average, research analysts forecast that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Friday, January 3rd. Cisco Systems’s dividend payout ratio is presently 68.67%.

Insider Activity

In other Cisco Systems news, Director Kristina M. Johnson sold 7,500 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $59.87, for a total value of $449,025.00. Following the completion of the transaction, the director now owns 65,915 shares in the company, valued at approximately $3,946,331.05. This represents a 10.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles Robbins sold 171,744 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the sale, the chief executive officer now owns 783,786 shares in the company, valued at approximately $45,059,857.14. This represents a 17.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 353,522 shares of company stock valued at $20,349,721. 0.01% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on CSCO. Morgan Stanley increased their price objective on Cisco Systems from $62.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. raised shares of Cisco Systems from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $55.00 to $66.00 in a research note on Monday, November 11th. Evercore ISI increased their price objective on shares of Cisco Systems from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Piper Sandler boosted their target price on Cisco Systems from $52.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, Citigroup upped their price target on Cisco Systems from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.28.

Cisco Systems 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.