Cwm LLC lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 750,688 shares of the network equipment provider’s stock after selling 47,138 shares during the period. Cisco Systems accounts for 1.3% of Cwm LLC’s investment portfolio, making the stock its 24th biggest holding. Cwm LLC’s holdings in Cisco Systems were worth $28,751,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in Cisco Systems by 23.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider’s stock worth $2,109,614,000 after buying an additional 11,972,070 shares during the period. Stifel Financial Corp boosted its holdings in Cisco Systems by 6,109.5% in the 3rd quarter. Stifel Financial Corp now owns 8,147,775 shares of the network equipment provider’s stock worth $273,977,000 after buying an additional 8,016,561 shares during the period. Vanguard Group Inc. boosted its holdings in Cisco Systems by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock worth $11,021,378,000 after buying an additional 7,411,891 shares during the period. American Century Companies Inc. boosted its holdings in Cisco Systems by 54.2% in the 2nd quarter. American Century Companies Inc. now owns 14,362,422 shares of the network equipment provider’s stock worth $449,544,000 after buying an additional 5,049,326 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in Cisco Systems by 51.1% in the 2nd quarter. Janus Henderson Group PLC now owns 13,528,059 shares of the network equipment provider’s stock worth $423,475,000 after buying an additional 4,577,831 shares during the period. Institutional investors own 77.65% of the company’s stock.
In related news, Director Roderick C. Mcgeary sold 15,230 shares of Cisco Systems stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.00, for a total value of $578,740.00. Following the transaction, the director now owns 113,154 shares in the company, valued at approximately $4,299,852. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director M Michele Burns sold 12,126 shares of Cisco Systems stock in a transaction on Monday, February 26th. The stock was sold at an average price of $45.37, for a total transaction of $550,156.62. Following the completion of the transaction, the director now owns 74,479 shares in the company, valued at approximately $3,379,112.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,566 shares of company stock worth $4,636,938. 0.05% of the stock is owned by corporate insiders.
Cisco Systems, Inc. (NASDAQ CSCO) opened at $45.55 on Tuesday. The company has a market cap of $219,440.00, a price-to-earnings ratio of -142.34, a P/E/G ratio of 3.05 and a beta of 1.10. Cisco Systems, Inc. has a 52-week low of $30.36 and a 52-week high of $45.89. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.43 and a quick ratio of 2.38.
Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, February 14th. The network equipment provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. The company had revenue of $11.89 billion for the quarter, compared to analysts’ expectations of $11.82 billion. Cisco Systems had a negative net margin of 3.00% and a positive return on equity of 17.77%. During the same quarter last year, the company earned $0.57 EPS. analysts forecast that Cisco Systems, Inc. will post 2.32 earnings per share for the current year.
Cisco Systems declared that its board has initiated a share repurchase plan on Wednesday, February 14th that permits the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization permits the network equipment provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Thursday, April 5th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Wednesday, April 4th. This is a boost from Cisco Systems’s previous quarterly dividend of $0.29. Cisco Systems’s dividend payout ratio (DPR) is presently -362.50%.
Cisco Systems 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).
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