Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 70,660 shares of the network equipment provider’s stock after buying an additional 2,100 shares during the period. Cisco Systems makes up approximately 1.2% of Uncommon Cents Investing LLC’s investment portfolio, making the stock its 22nd largest position. Uncommon Cents Investing LLC’s holdings in Cisco Systems were worth $3,570,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CSCO. Kathleen S. Wright Associates Inc. acquired a new position in Cisco Systems during the third quarter valued at $27,000. Valued Wealth Advisors LLC acquired a new position in Cisco Systems in the 4th quarter worth about $32,000. Fortis Capital Advisors LLC acquired a new position in Cisco Systems in the 4th quarter worth about $34,000. Hibernia Wealth Partners LLC acquired a new position in Cisco Systems in the 3rd quarter worth about $42,000. Finally, VitalStone Financial LLC acquired a new position in Cisco Systems in the 2nd quarter worth about $45,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Price Performance

Shares of CSCO stock opened at $49.91 on Friday. The stock has a 50 day moving average of $49.77 and a two-hundred day moving average of $50.93. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14. Cisco Systems, Inc. has a 12 month low of $45.56 and a 12 month high of $58.19. The company has a market capitalization of $202.10 billion, a P/E ratio of 15.17, a P/E/G ratio of 2.25 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The business had revenue of $12.79 billion during the quarter, compared to analysts’ expectations of $12.71 billion. During the same period in the prior year, the firm posted $0.76 EPS. Cisco Systems’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, equities analysts expect that Cisco Systems, Inc. will post 3.16 EPS for the current year.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.21%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 47.42%.

Analyst Ratings Changes

Several brokerages have weighed in on CSCO. Barclays upped their target price on Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Piper Sandler upped their price target on Cisco Systems from $47.00 to $51.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 20th. StockNews.com downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Melius Research reiterated a “hold” rating and set a $55.00 price target on shares of Cisco Systems in a research note on Monday, January 8th. Finally, Melius downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Cisco Systems currently has a consensus rating of “Hold” and a consensus price target of $56.42.

Insider Activity at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the transaction, the chief financial officer now directly owns 328,491 shares in the company, valued at approximately $16,424,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the transaction, the chief financial officer now directly owns 328,491 shares in the company, valued at approximately $16,424,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the transaction, the senior vice president now owns 58,121 shares in the company, valued at $2,906,050. The disclosure for this sale can be found here. Insiders sold 19,441 shares of company stock valued at $972,080 in the last three months. Corporate insiders own 0.02% 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.