City Holding Co. grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,063 shares of the network equipment provider’s stock after purchasing an additional 425 shares during the period. Cisco Systems comprises about 1.0% of City Holding Co.’s portfolio, making the stock its 25th biggest position. City Holding Co.’s holdings in Cisco Systems were worth $2,755,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CSCO. Financial Management Professionals Inc. increased its stake in Cisco Systems by 17.7% during the first quarter. Financial Management Professionals Inc. now owns 4,218 shares of the network equipment provider’s stock worth $118,000 after purchasing an additional 635 shares during the period. Watermark Asset Management Inc. purchased a new stake in Cisco Systems during the first quarter worth about $122,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Cisco Systems by 15.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,300 shares of the network equipment provider’s stock worth $145,000 after purchasing an additional 560 shares during the period. Baystate Wealth Management LLC increased its stake in Cisco Systems by 24.5% during the first quarter. Baystate Wealth Management LLC now owns 7,537 shares of the network equipment provider’s stock worth $146,000 after purchasing an additional 1,484 shares during the period. Finally, Riggs Asset Managment Co. Inc. increased its stake in Cisco Systems by 23.1% during the first quarter. Riggs Asset Managment Co. Inc. now owns 4,393 shares of the network equipment provider’s stock worth $148,000 after purchasing an additional 823 shares during the period. Institutional investors own 75.37% of the company’s stock.

CSCO has been the topic of a number of recent research reports. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price target on the stock. in a research note on Wednesday, August 30th. Jefferies Group LLC reiterated a “buy” rating and set a $37.00 price target on shares of Cisco Systems in a research note on Friday, May 26th. Credit Suisse Group reiterated an “outperform” rating on shares of Cisco Systems in a research note on Thursday, August 31st. William Blair reiterated an “outperform” rating on shares of Cisco Systems in a research note on Monday, July 3rd. Finally, Robert W. Baird reiterated a “buy” rating and set a $38.00 price target on shares of Cisco Systems in a research note on Monday, September 11th. Fourteen equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Cisco Systems has an average rating of “Buy” and a consensus price target of $35.57.

In other Cisco Systems news, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total transaction of $7,785,000.00. Following the sale, the insider now owns 729,305 shares of the company’s stock, valued at approximately $22,710,557.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Prat Bhatt sold 25,638 shares of Cisco Systems stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $821,954.28. Following the sale, the chief accounting officer now directly owns 119,996 shares in the company, valued at approximately $3,847,071.76. The disclosure for this sale can be found here. Insiders have sold a total of 485,138 shares of company stock worth $15,347,574 in the last ninety days. 0.11% of the stock is owned by company insiders.

Cisco Systems, Inc. (CSCO) traded up 2.05% during mid-day trading on Friday, reaching $33.37. The company’s stock had a trading volume of 28,234,858 shares. The company has a market capitalization of $165.25 billion, a PE ratio of 17.56 and a beta of 1.19. The firm has a 50 day moving average price of $31.72 and a 200-day moving average price of $32.41. Cisco Systems, Inc. has a 1-year low of $29.12 and a 1-year high of $34.60.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share for the quarter, meeting the consensus estimate of $0.61. The firm had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $12.07 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS. On average, equities analysts predict that Cisco Systems, Inc. will post $2.43 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Wednesday, October 4th. Cisco Systems’s payout ratio is currently 60.73%.

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Cisco Systems 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).

Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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