WBH Advisory Inc. Has $2.45 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

WBH Advisory Inc. cut its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 41,366 shares of the network equipment provider’s stock after selling 1,390 shares during the quarter. WBH Advisory Inc.’s holdings in Cisco Systems were worth $2,449,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Pathway Financial Advisors LLC raised its position in shares of Cisco Systems by 3.1% in the 4th quarter. Pathway Financial Advisors LLC now owns 5,791 shares of the network equipment provider’s stock valued at $343,000 after buying an additional 172 shares in the last quarter. Monument Capital Management raised its position in shares of Cisco Systems by 26.5% in the 4th quarter. Monument Capital Management now owns 14,056 shares of the network equipment provider’s stock valued at $832,000 after buying an additional 2,947 shares in the last quarter. MOKAN Wealth Management Inc. acquired a new position in shares of Cisco Systems in the 4th quarter valued at approximately $636,000. Csenge Advisory Group increased its position in Cisco Systems by 4.6% during the 4th quarter. Csenge Advisory Group now owns 31,330 shares of the network equipment provider’s stock worth $1,855,000 after purchasing an additional 1,372 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its position in Cisco Systems by 68.0% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 152,372 shares of the network equipment provider’s stock worth $9,020,000 after purchasing an additional 61,697 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Stock Up 1.6 %

Shares of NASDAQ CSCO opened at $64.87 on Monday. The firm has a market cap of $258.36 billion, a PE ratio of 27.84, a P/E/G ratio of 4.63 and a beta of 0.84. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50. The company’s fifty day simple moving average is $60.07 and its 200 day simple moving average is $55.59. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43.

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 the consensus estimate of $0.91 by ($0.14). Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. As a group, sell-side analysts forecast that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems declared that its board has authorized a share repurchase plan on Wednesday, February 12th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the network equipment provider to repurchase up to 6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Cisco Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 2.53%. Cisco Systems’s dividend payout ratio is currently 71.62%.

Insider Buying and Selling

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 21,230 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $57.07, for a total value of $1,211,596.10. Following the transaction, the executive vice president now directly owns 213,834 shares of the company’s stock, valued at approximately $12,203,506.38. This trade represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Maria Victoria Wong sold 4,881 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 51,931 shares in the company, valued at $3,101,838.63. This trade represents a 8.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,239 shares of company stock valued at $2,166,612 over the last ninety days. 0.01% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CSCO shares. UBS Group upped their price objective on shares of Cisco Systems from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday. The Goldman Sachs Group upped their price objective on shares of Cisco Systems from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday. Piper Sandler upped their price objective on shares of Cisco Systems from $57.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Cisco Systems from $69.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, StockNews.com upgraded shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and a consensus price target of $66.53.

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.