Dixon Hubard Feinour & Brown Inc. VA Has $2.12 Million Position in Cisco Systems, Inc. (CSCO)
Dixon Hubard Feinour & Brown Inc. VA boosted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.6% during the second quarter, Holdings Channel reports. The fund owned 67,573 shares of the network equipment provider’s stock after buying an additional 1,742 shares during the period. Dixon Hubard Feinour & Brown Inc. VA’s holdings in Cisco Systems were worth $2,115,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Dodge & Cox bought a new stake in shares of Cisco Systems during the fourth quarter valued at about $1,950,935,000. Norges Bank bought a new stake in shares of Cisco Systems during the fourth quarter valued at about $1,306,395,000. Loomis Sayles & Co. L P raised its stake in shares of Cisco Systems by 4.3% in the fourth quarter. Loomis Sayles & Co. L P now owns 39,089,052 shares of the network equipment provider’s stock valued at $1,181,271,000 after buying an additional 1,624,597 shares during the period. Boston Partners raised its stake in shares of Cisco Systems by 304.2% in the first quarter. Boston Partners now owns 30,563,666 shares of the network equipment provider’s stock valued at $1,033,052,000 after buying an additional 23,002,159 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of Cisco Systems by 5.7% in the fourth quarter. Macquarie Group Ltd. now owns 25,418,669 shares of the network equipment provider’s stock valued at $768,153,000 after buying an additional 1,365,708 shares during the period. Institutional investors own 75.39% of the company’s stock.
Cisco Systems, Inc. (NASDAQ:CSCO) opened at 32.12 on Wednesday. Cisco Systems, Inc. has a 52-week low of $29.12 and a 52-week high of $34.60. The company has a market cap of $160.60 billion, a price-to-earnings ratio of 16.30 and a beta of 1.24. The company’s 50-day moving average is $31.56 and its 200 day moving average is $32.43.
Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. The firm had revenue of $11.94 billion during the quarter, compared to analyst estimates of $11.90 billion. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. Cisco Systems’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS. Equities analysts forecast that Cisco Systems, Inc. will post $2.38 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Friday, July 7th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Wednesday, July 5th. Cisco Systems’s dividend payout ratio (DPR) is 58.29%.
Several equities research analysts recently issued reports on the stock. BMO Capital Markets lowered shares of Cisco Systems from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $37.00 to $35.00 in a report on Tuesday, May 9th. Drexel Hamilton reaffirmed a “buy” rating and set a $40.00 price target on shares of Cisco Systems in a report on Tuesday, May 16th. Robert W. Baird reaffirmed a “buy” rating on shares of Cisco Systems in a report on Monday, May 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $36.00 price target (down from $37.00) on shares of Cisco Systems in a report on Thursday, May 18th. Finally, Berenberg Bank assumed coverage on shares of Cisco Systems in a report on Tuesday, April 4th. They set a “hold” rating and a $35.00 price target on the stock. Thirteen equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $35.31.
In other Cisco Systems news, SVP Rebecca Jacoby sold 92,840 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $31.71, for a total value of $2,943,956.40. Following the completion of the transaction, the senior vice president now owns 271,725 shares of the company’s stock, valued at approximately $8,616,399.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Karen Walker sold 7,802 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $31.29, for a total value of $244,124.58. Following the completion of the transaction, the senior vice president now directly owns 178,577 shares of the company’s stock, valued at approximately $5,587,674.33. The disclosure for this sale can be found here. In the last three months, insiders sold 396,179 shares of company stock valued at $12,503,407. 0.11% of the stock is owned by insiders.
Cisco Systems Company Profile
Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).
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