Alliance Wealth Advisors LLC Sells 173 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Alliance Wealth Advisors LLC lessened its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,573 shares of the network equipment provider’s stock after selling 173 shares during the quarter. Alliance Wealth Advisors LLC’s holdings in Cisco Systems were worth $271,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Fermata Advisors LLC acquired a new position in shares of Cisco Systems in the third quarter worth approximately $300,000. Juncture Wealth Strategies LLC raised its stake in Cisco Systems by 12.7% during the third quarter. Juncture Wealth Strategies LLC now owns 14,142 shares of the network equipment provider’s stock worth $753,000 after buying an additional 1,594 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Cisco Systems by 38.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 250,476 shares of the network equipment provider’s stock valued at $13,325,000 after buying an additional 69,537 shares during the period. Fiduciary Financial Group LLC grew its holdings in Cisco Systems by 7.6% during the 3rd quarter. Fiduciary Financial Group LLC now owns 11,793 shares of the network equipment provider’s stock worth $622,000 after acquiring an additional 836 shares during the period. Finally, Wynn Capital LLC boosted its position in shares of Cisco Systems by 3.5% during the 3rd quarter. Wynn Capital LLC now owns 37,879 shares of the network equipment provider’s stock valued at $2,016,000 after purchasing an additional 1,280 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CSCO has been the subject of several research analyst reports. Piper Sandler lifted their price target on shares of Cisco Systems from $52.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Barclays upped their target price on Cisco Systems from $49.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. UBS Group boosted their price target on shares of Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. BNP Paribas raised shares of Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 price objective on the stock in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company boosted their target price on shares of Cisco Systems from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and a consensus price target of $62.72.

Cisco Systems Stock Performance

Shares of Cisco Systems stock opened at $62.27 on Friday. The firm has a market cap of $248.01 billion, a PE ratio of 26.73, a P/E/G ratio of 4.63 and a beta of 0.84. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $63.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. The stock has a fifty day moving average price of $59.71 and a 200-day moving average price of $54.98.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The business had revenue of $13.84 billion for the quarter, compared to analyst estimates of $13.78 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities research analysts anticipate that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Friday, January 3rd. Cisco Systems’s dividend payout ratio is currently 68.67%.

Insider Buying and Selling at Cisco Systems

In other news, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction on Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the transaction, the chief executive officer now directly owns 783,786 shares in the company, valued at approximately $45,059,857.14. The trade was a 17.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deborah L. Stahlkopf sold 58,188 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $3,345,228.12. Following the sale, the executive vice president now owns 219,100 shares in the company, valued at approximately $12,596,059. This represents a 20.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 353,522 shares of company stock worth $20,349,721 over the last ninety days. 0.01% of the stock is currently owned by company insiders.

About Cisco Systems

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.