Kingswood Wealth Advisors LLC Sells 5,423 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Kingswood Wealth Advisors LLC lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 11.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,110 shares of the network equipment provider’s stock after selling 5,423 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Cisco Systems were worth $2,001,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CSCO. Prime Capital Investment Advisors LLC raised its position in Cisco Systems by 31.8% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 105,219 shares of the network equipment provider’s stock valued at $5,316,000 after purchasing an additional 25,394 shares during the last quarter. Ceredex Value Advisors LLC purchased a new stake in Cisco Systems in the fourth quarter worth $38,477,000. Peoples Bank OH boosted its holdings in Cisco Systems by 13.3% in the fourth quarter. Peoples Bank OH now owns 10,817 shares of the network equipment provider’s stock valued at $546,000 after acquiring an additional 1,270 shares in the last quarter. Americana Partners LLC increased its position in Cisco Systems by 17.9% during the 4th quarter. Americana Partners LLC now owns 136,102 shares of the network equipment provider’s stock valued at $6,625,000 after purchasing an additional 20,681 shares during the period. Finally, Signet Investment Advisory Group Inc. raised its holdings in Cisco Systems by 3.7% in the 4th quarter. Signet Investment Advisory Group Inc. now owns 68,627 shares of the network equipment provider’s stock worth $3,467,000 after purchasing an additional 2,423 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 26,331 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $46.10, for a total transaction of $1,213,859.10. Following the completion of the sale, the chief executive officer now directly owns 725,363 shares in the company, valued at approximately $33,439,234.30. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Cisco Systems news, CEO Charles Robbins sold 26,331 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $46.10, for a total transaction of $1,213,859.10. Following the completion of the sale, the chief executive officer now directly owns 725,363 shares in the company, valued at approximately $33,439,234.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Maria Victoria Wong sold 3,378 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $45.89, for a total transaction of $155,016.42. Following the completion of the transaction, the senior vice president now owns 52,953 shares in the company, valued at approximately $2,430,013.17. The disclosure for this sale can be found here. Insiders have sold a total of 41,106 shares of company stock worth $1,908,923 over the last quarter. Company insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CSCO shares. Citigroup started coverage on shares of Cisco Systems in a research report on Friday, April 12th. They set a “neutral” rating and a $52.00 price target on the stock. JPMorgan Chase & Co. began coverage on Cisco Systems in a research report on Monday, April 22nd. They issued a “neutral” rating and a $53.00 target price for the company. Piper Sandler restated a “neutral” rating and set a $52.00 price target on shares of Cisco Systems in a research report on Wednesday, June 5th. Wells Fargo & Company increased their price objective on Cisco Systems from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, May 16th. Finally, Barclays boosted their target price on shares of Cisco Systems from $48.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Cisco Systems has an average rating of “Hold” and a consensus target price of $56.47.

Cisco Systems Stock Down 0.1 %

NASDAQ CSCO traded down $0.04 during mid-day trading on Wednesday, reaching $45.12. The stock had a trading volume of 17,790,736 shares, compared to its average volume of 19,631,246. The stock has a market cap of $181.78 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 2.97 and a beta of 0.85. Cisco Systems, Inc. has a 1 year low of $44.64 and a 1 year high of $58.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.89 and a quick ratio of 0.82. The company has a fifty day moving average price of $46.75 and a 200 day moving average price of $48.17.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.18. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The firm had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $12.53 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. The company’s revenue was down 12.8% on a year-over-year basis. On average, research analysts expect that Cisco Systems, Inc. will post 3.14 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, July 5th. This represents a $1.60 annualized dividend and a dividend yield of 3.55%. Cisco Systems’s payout ratio is 53.87%.

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.