Premier Path Wealth Partners LLC Grows Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Premier Path Wealth Partners LLC grew its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 31.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,058 shares of the network equipment provider’s stock after acquiring an additional 4,291 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Cisco Systems were worth $1,069,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CSCO. BTS Asset Management Inc. acquired a new stake in shares of Cisco Systems during the fourth quarter worth about $325,000. Howard Financial Services LTD. grew its stake in shares of Cisco Systems by 14.9% in the 4th quarter. Howard Financial Services LTD. now owns 10,162 shares of the network equipment provider’s stock valued at $602,000 after purchasing an additional 1,318 shares during the last quarter. Verity & Verity LLC increased its holdings in shares of Cisco Systems by 12.0% in the fourth quarter. Verity & Verity LLC now owns 395,615 shares of the network equipment provider’s stock valued at $23,420,000 after purchasing an additional 42,523 shares during the period. Integrated Investment Consultants LLC raised its stake in shares of Cisco Systems by 25.1% during the fourth quarter. Integrated Investment Consultants LLC now owns 113,906 shares of the network equipment provider’s stock worth $6,743,000 after purchasing an additional 22,871 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its holdings in shares of Cisco Systems by 8.5% during the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 9,168 shares of the network equipment provider’s stock worth $543,000 after purchasing an additional 720 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Maria Victoria Wong sold 4,881 shares of Cisco Systems stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $59.73, for a total transaction of $291,542.13. Following the sale, the senior vice president now owns 51,931 shares of the company’s stock, valued at $3,101,838.63. The trade was a 8.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Charles Robbins sold 171,744 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 transaction of $9,873,562.56. Following the completion of the transaction, the chief executive officer now directly owns 783,786 shares of the company’s stock, valued at approximately $45,059,857.14. The trade was a 17.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 353,522 shares of company stock valued at $20,349,721. Company insiders own 0.01% of the company’s stock.

Cisco Systems Stock Performance

Cisco Systems stock opened at $60.23 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $60.95. The stock has a fifty day moving average of $58.87 and a two-hundred day moving average of $53.43. The company has a market capitalization of $239.88 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 4.37 and a beta of 0.84.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, beating 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 firm had revenue of $13.84 billion during the quarter, compared to the consensus estimate of $13.78 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts anticipate that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.66%. Cisco Systems’s payout ratio is 68.67%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Melius raised shares of Cisco Systems from a “hold” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $73.00 in a research note on Monday, January 6th. UBS Group raised their price objective on shares of Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Wells Fargo & Company raised their price target on Cisco Systems from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Evercore ISI increased their price objective on Cisco Systems from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Finally, Bank of America boosted their target price on shares of Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Cisco Systems has a consensus rating of “Moderate Buy” and a consensus target price of $61.50.

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.