Consolidated Planning Corp Trims Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Consolidated Planning Corp lessened its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,179 shares of the network equipment provider’s stock after selling 3,403 shares during the period. Cisco Systems comprises approximately 1.1% of Consolidated Planning Corp’s holdings, making the stock its 26th largest holding. Consolidated Planning Corp’s holdings in Cisco Systems were worth $5,718,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. SS&H Financial Advisors Inc. bought a new stake in Cisco Systems during the 3rd quarter valued at approximately $3,512,000. Advisory Alpha LLC boosted its position in shares of Cisco Systems by 33.1% in the 3rd quarter. Advisory Alpha LLC now owns 7,582 shares of the network equipment provider’s stock worth $408,000 after purchasing an additional 1,887 shares in the last quarter. Measured Wealth Private Client Group LLC boosted its position in shares of Cisco Systems by 28.4% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 17,458 shares of the network equipment provider’s stock worth $939,000 after purchasing an additional 3,864 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Cisco Systems by 43.3% in the 3rd quarter. UMB Bank n.a. now owns 291,293 shares of the network equipment provider’s stock worth $15,660,000 after purchasing an additional 88,075 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its position in shares of Cisco Systems by 8.1% in the 3rd quarter. LS Investment Advisors LLC now owns 38,704 shares of the network equipment provider’s stock worth $2,081,000 after purchasing an additional 2,890 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In related news, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the transaction, the chief financial officer now owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the transaction, the chief financial officer now owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the transaction, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at approximately $2,906,050. The disclosure for this sale can be found here. Insiders sold 19,441 shares of company stock worth $972,080 in the last three months. Corporate insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CSCO. Wells Fargo & Company began coverage on Cisco Systems in a research report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. initiated coverage on Cisco Systems in a research report on Monday, April 22nd. They issued a “neutral” rating and a $53.00 price target on the stock. Citigroup initiated coverage on shares of Cisco Systems in a report on Friday, April 12th. They issued a “neutral” rating and a $52.00 price objective for the company. Finally, Melius Research restated a “hold” rating and issued a $55.00 price objective on shares of Cisco Systems in a report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $55.53.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO traded down $0.24 during midday trading on Friday, hitting $47.86. The company had a trading volume of 14,658,910 shares, compared to its average volume of 16,851,638. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. The company has a market cap of $193.79 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 2.78 and a beta of 0.87. Cisco Systems, Inc. has a 12-month low of $45.56 and a 12-month high of $58.19. The company has a fifty day moving average of $48.94 and a two-hundred day moving average of $50.06.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.84 by $0.03. The firm had revenue of $12.79 billion during the quarter, compared to analyst estimates of $12.71 billion. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. Cisco Systems’s revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. On average, equities research analysts expect that Cisco Systems, Inc. will post 3.13 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.34%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date was Wednesday, April 3rd. Cisco Systems’s dividend payout ratio is 48.63%.

Cisco Systems 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.