Kavar Capital Partners Group LLC Has $401,000 Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Kavar Capital Partners Group LLC lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 7.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,775 shares of the network equipment provider’s stock after selling 530 shares during the period. Kavar Capital Partners Group LLC’s holdings in Cisco Systems were worth $401,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. United Asset Strategies Inc. boosted its stake in shares of Cisco Systems by 3.1% in the 4th quarter. United Asset Strategies Inc. now owns 50,053 shares of the network equipment provider’s stock worth $2,963,000 after buying an additional 1,494 shares during the last quarter. Cornerstone Wealth Group LLC boosted its stake in shares of Cisco Systems by 13.2% in the 4th quarter. Cornerstone Wealth Group LLC now owns 9,565 shares of the network equipment provider’s stock worth $566,000 after buying an additional 1,114 shares during the last quarter. waypoint wealth counsel boosted its stake in shares of Cisco Systems by 1.7% in the 4th quarter. waypoint wealth counsel now owns 13,055 shares of the network equipment provider’s stock worth $773,000 after buying an additional 214 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Cisco Systems in the 4th quarter worth approximately $3,462,000. Finally, Capital Asset Advisory Services LLC boosted its stake in shares of Cisco Systems by 4.5% in the 4th quarter. Capital Asset Advisory Services LLC now owns 64,312 shares of the network equipment provider’s stock worth $3,785,000 after buying an additional 2,743 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CSCO. UBS Group lifted their price target on shares of Cisco Systems from $55.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Bank of America boosted their target price on Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Citigroup increased their price target on Cisco Systems from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Melius Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised shares of Cisco Systems from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $55.00 to $66.00 in a report on Monday, November 11th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Cisco Systems presently has an average rating of “Moderate Buy” and an average target price of $61.50.

Insiders Place Their Bets

In related news, EVP Thimaya K. Subaiya sold 21,230 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $57.07, for a total transaction of $1,211,596.10. Following the completion of the sale, the executive vice president now directly owns 213,834 shares in the company, valued at $12,203,506.38. This represents a 9.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Charles Robbins sold 171,744 shares of the firm’s 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 directly owns 783,786 shares in the company, valued at approximately $45,059,857.14. This trade represents a 17.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 353,522 shares of company stock valued at $20,349,721 over the last three months. Insiders own 0.01% of the company’s stock.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $62.23 on Monday. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $62.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. The company has a market capitalization of $247.85 billion, a P/E ratio of 26.71, a P/E/G ratio of 4.59 and a beta of 0.84. The company has a fifty day moving average of $59.22 and a 200-day moving average of $54.14.

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

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Friday, January 3rd. Cisco Systems’s dividend payout ratio is presently 68.67%.

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.