Cisco Systems, Inc. (CSCO) Plans Quarterly Dividend of $0.33

Cisco Systems, Inc. (NASDAQ:CSCO) declared a quarterly dividend on Wednesday, February 14th, RTT News reports. Shareholders of record on Thursday, April 5th will be given a dividend of 0.33 per share by the network equipment provider on Wednesday, April 25th. This represents a $1.32 dividend on an annualized basis and a yield of 3.14%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.29.

Cisco Systems (NASDAQ CSCO) traded up $0.86 during trading hours on Wednesday, reaching $42.09. 42,319,865 shares of the company’s stock were exchanged, compared to its average volume of 28,730,000. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87. The stock has a market capitalization of $208,080.00, a P/E ratio of 21.81, a P/E/G ratio of 3.65 and a beta of 1.23. Cisco Systems has a 12 month low of $30.36 and a 12 month high of $42.98.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The company had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. Cisco Systems’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 earnings per share. research analysts anticipate that Cisco Systems will post 2.23 earnings per share for the current year.

In other Cisco Systems news, SVP Karen Walker sold 5,786 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $211,131.14. Following the transaction, the senior vice president now directly owns 176,418 shares in the company, valued at approximately $6,437,492.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rebecca Jacoby sold 75,021 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $38.42, for a total transaction of $2,882,306.82. Following the transaction, the senior vice president now owns 257,476 shares in the company, valued at $9,892,227.92. The disclosure for this sale can be found here. Insiders have sold a total of 348,643 shares of company stock worth $12,892,271 over the last quarter. 0.05% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of CSCO. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Cisco Systems in the 2nd quarter worth about $231,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Cisco Systems in the 2nd quarter worth about $104,000. Manchester Capital Management LLC lifted its position in shares of Cisco Systems by 10.7% in the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock worth $113,000 after buying an additional 350 shares during the last quarter. Ffcm LLC lifted its position in shares of Cisco Systems by 2,025.0% in the 2nd quarter. Ffcm LLC now owns 3,740 shares of the network equipment provider’s stock worth $117,000 after buying an additional 3,564 shares during the last quarter. Finally, Acrospire Investment Management LLC bought a new position in shares of Cisco Systems in the 2nd quarter worth about $141,000. Hedge funds and other institutional investors own 75.42% of the company’s stock.

A number of equities analysts have weighed in on CSCO shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $36.00 price target on shares of Cisco Systems in a research note on Wednesday, November 15th. BidaskClub raised shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 5th. Vetr raised shares of Cisco Systems from a “buy” rating to a “strong-buy” rating and set a $44.13 price target on the stock in a research note on Monday, February 5th. ValuEngine raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $42.00 price objective on shares of Cisco Systems in a research report on Tuesday, November 14th. Eleven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $40.38.

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Cisco Systems Company 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).

Dividend History for Cisco Systems (NASDAQ:CSCO)

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