TruWealth Advisors LLC Acquires 2,172 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

TruWealth Advisors LLC increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 426,917 shares of the network equipment provider’s stock after acquiring an additional 2,172 shares during the period. Cisco Systems comprises 1.5% of TruWealth Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. TruWealth Advisors LLC’s holdings in Cisco Systems were worth $25,273,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC raised its stake in shares of Cisco Systems by 6.9% in the fourth quarter. Ameritas Advisory Services LLC now owns 50,077 shares of the network equipment provider’s stock worth $2,965,000 after purchasing an additional 3,252 shares during the last quarter. HB Wealth Management LLC boosted its position in Cisco Systems by 2.6% in the fourth quarter. HB Wealth Management LLC now owns 324,746 shares of the network equipment provider’s stock worth $19,225,000 after purchasing an additional 8,275 shares during the last quarter. Trust Co. of Vermont grew its stake in Cisco Systems by 0.3% in the 4th quarter. Trust Co. of Vermont now owns 194,397 shares of the network equipment provider’s stock valued at $11,508,000 after purchasing an additional 627 shares during the period. Cherrydale Wealth Management LLC purchased a new stake in shares of Cisco Systems during the 4th quarter valued at $223,000. Finally, Gill Capital Partners LLC bought a new stake in shares of Cisco Systems during the 4th quarter worth $269,000. Institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 21,230 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total value of $1,211,596.10. Following the completion of the sale, 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 filing with the SEC, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 4,881 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $59.73, for a total transaction of $291,542.13. Following the transaction, the senior vice president now owns 51,931 shares in the company, valued at $3,101,838.63. The trade was a 8.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 353,522 shares of company stock worth $20,349,721 over the last 90 days. Corporate insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

CSCO has been the subject of several research reports. Piper Sandler increased their price target on shares of Cisco Systems from $52.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Melius upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and raised their price target for the stock from $66.00 to $73.00 in a research note on Monday, January 6th. Citigroup lifted their price target on shares of Cisco Systems from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Friday. Melius Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, StockNews.com raised Cisco Systems from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Eight research 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.50.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $60.23 on Friday. The stock has a market cap of $239.88 billion, a P/E ratio of 25.85, a PEG ratio of 4.37 and a beta of 0.84. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $58.91 and its two-hundred day moving average price is $53.52. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $60.95.

Cisco Systems (NASDAQ:CSCO) last announced its 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. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The business had revenue of $13.84 billion for the quarter, compared to the consensus estimate of $13.78 billion. During the same period last year, the firm posted $0.98 earnings per share. Cisco Systems’s quarterly revenue was down 5.6% on a year-over-year basis. As a group, equities analysts predict that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be paid a $0.40 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.66%. Cisco Systems’s dividend payout ratio is presently 68.67%.

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.