Long Run Wealth Advisors LLC Sells 2,697 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Long Run Wealth Advisors LLC decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,862 shares of the network equipment provider’s stock after selling 2,697 shares during the quarter. Long Run Wealth Advisors LLC’s holdings in Cisco Systems were worth $1,827,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CSCO. Czech National Bank lifted its position in shares of Cisco Systems by 6.4% in the 3rd quarter. Czech National Bank now owns 820,712 shares of the network equipment provider’s stock worth $43,678,000 after acquiring an additional 49,100 shares during the period. Miracle Mile Advisors LLC lifted its position in shares of Cisco Systems by 13.7% in the 3rd quarter. Miracle Mile Advisors LLC now owns 12,436 shares of the network equipment provider’s stock worth $662,000 after acquiring an additional 1,503 shares during the period. Atomi Financial Group Inc. lifted its position in shares of Cisco Systems by 34.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 21,740 shares of the network equipment provider’s stock worth $1,157,000 after buying an additional 5,614 shares during the period. Talbot Financial LLC lifted its position in shares of Cisco Systems by 1.9% during the 3rd quarter. Talbot Financial LLC now owns 189,836 shares of the network equipment provider’s stock worth $10,103,000 after buying an additional 3,465 shares during the period. Finally, Hoxton Planning & Management LLC lifted its position in shares of Cisco Systems by 34.7% during the 3rd quarter. Hoxton Planning & Management LLC now owns 8,551 shares of the network equipment provider’s stock worth $455,000 after buying an additional 2,205 shares during the period. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Up 2.0 %

NASDAQ CSCO opened at $62.57 on Thursday. The stock has a fifty day moving average of $59.52 and a 200-day moving average of $54.77. The stock has a market capitalization of $249.20 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 4.51 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $62.71.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $13.78 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis. On average, equities research analysts forecast that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Friday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is 68.67%.

Analysts Set New Price Targets

CSCO has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded Cisco Systems from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $55.00 to $66.00 in a research report on Monday, November 11th. Melius Research upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. StockNews.com upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Tigress Financial raised their target price on Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, Morgan Stanley raised their price target on Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.72.

Insider Activity

In other Cisco Systems news, CEO Charles Robbins sold 171,744 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction of $9,873,562.56. Following the sale, the chief executive officer now directly owns 783,786 shares of the company’s stock, valued at $45,059,857.14. The trade was a 17.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Richard Scott Herren sold 86,351 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $4,964,318.99. Following the sale, the chief financial officer now directly owns 365,314 shares in the company, valued at $21,001,901.86. This trade represents a 19.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 353,522 shares of company stock valued at $20,349,721 in the last quarter. Company insiders own 0.01% of the company’s stock.

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.