Palacios Wealth Management LLC Takes $347,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Palacios Wealth Management LLC acquired a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,783 shares of the network equipment provider’s stock, valued at approximately $347,000.

A number of other large investors have also recently bought and sold shares of the stock. Compagnie Lombard Odier SCmA grew its position in Cisco Systems by 0.4% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 812,970 shares of the network equipment provider’s stock valued at $48,128,000 after acquiring an additional 3,206 shares during the period. Root Financial Partners LLC bought a new stake in Cisco Systems in the fourth quarter valued at $306,000. Values Added Financial LLC bought a new stake in Cisco Systems in the fourth quarter valued at $291,000. Catalyst Financial Partners LLC grew its position in Cisco Systems by 4.5% in the fourth quarter. Catalyst Financial Partners LLC now owns 21,309 shares of the network equipment provider’s stock valued at $1,261,000 after acquiring an additional 920 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in Cisco Systems by 0.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,872,504 shares of the network equipment provider’s stock valued at $111,610,000 after acquiring an additional 14,057 shares during the period. 73.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Thimaya K. Subaiya sold 21,230 shares of Cisco Systems stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total transaction of $1,211,596.10. Following the transaction, the executive vice president now owns 213,834 shares in the company, valued at $12,203,506.38. The trade was a 9.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Maria Victoria Wong sold 586 shares of Cisco Systems stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $58.69, for a total value of $34,392.34. Following the transaction, the senior vice president now owns 50,767 shares in the company, valued at $2,979,515.23. This trade represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,239 shares of company stock worth $2,166,612. Insiders own 0.01% of the company’s stock.

Cisco Systems Price Performance

Shares of CSCO opened at $63.84 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $66.50. The stock has a market cap of $254.26 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 4.63 and a beta of 0.84. The stock’s 50-day moving average price is $59.89 and its two-hundred day moving average price is $55.36.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.14). Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. On average, equities analysts predict that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems declared that its board has authorized a stock buyback plan on Wednesday, February 12th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the network equipment provider to reacquire up to 6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Cisco Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.57%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.40. Cisco Systems’s dividend payout ratio (DPR) is 68.67%.

Analyst Ratings Changes

CSCO has been the topic of a number of analyst reports. Bank of America upped their price target on Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Melius upgraded Cisco Systems from a “hold” rating to a “buy” rating and increased their target price for the stock from $66.00 to $73.00 in a report on Monday, January 6th. Barclays increased their target price on Cisco Systems from $56.00 to $61.00 and gave the stock an “equal weight” rating in a report on Thursday. Melius Research upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Rosenblatt Securities upgraded Cisco Systems from a “neutral” rating to a “buy” rating and increased their target price for the stock from $66.00 to $80.00 in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.53.

About Cisco Systems

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.