Capital Wealth Planning LLC increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 121.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 65,945 shares of the network equipment provider’s stock after buying an additional 36,120 shares during the quarter. Cisco Systems accounts for approximately 1.9% of Capital Wealth Planning LLC’s portfolio, making the stock its 17th largest holding. Capital Wealth Planning LLC’s holdings in Cisco Systems were worth $2,857,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Donaldson Capital Management LLC boosted its position in Cisco Systems by 1.1% in the 3rd quarter. Donaldson Capital Management LLC now owns 908,819 shares of the network equipment provider’s stock valued at $44,214,000 after buying an additional 10,137 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA boosted its position in Cisco Systems by 9.4% in the 3rd quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 73,547 shares of the network equipment provider’s stock valued at $3,578,000 after buying an additional 6,300 shares during the last quarter. Bessemer Group Inc. boosted its position in Cisco Systems by 5.2% in the 3rd quarter. Bessemer Group Inc. now owns 107,644 shares of the network equipment provider’s stock valued at $5,237,000 after buying an additional 5,321 shares during the last quarter. Princeton Portfolio Strategies Group LLC boosted its position in Cisco Systems by 92.9% in the 3rd quarter. Princeton Portfolio Strategies Group LLC now owns 162,608 shares of the network equipment provider’s stock valued at $7,911,000 after buying an additional 78,305 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. purchased a new position in Cisco Systems in the 3rd quarter valued at about $1,011,000. 74.60% of the stock is currently owned by institutional investors.

CSCO has been the subject of a number of analyst reports. KeyCorp upped their price objective on shares of Cisco Systems from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, February 14th. Oppenheimer upped their price objective on shares of Cisco Systems from $52.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Bank of America reissued a “buy” rating and issued a $56.00 price objective on shares of Cisco Systems in a research report on Thursday, February 14th. Zacks Investment Research cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Finally, MKM Partners upped their price objective on shares of Cisco Systems to $56.00 and gave the company a “neutral” rating in a research report on Thursday, May 16th. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $55.87.

In other Cisco Systems news, Director Wesley G. Bush acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were purchased at an average price of $55.74 per share, for a total transaction of $557,400.00. Following the completion of the purchase, the director now directly owns 3,017 shares in the company, valued at $168,167.58. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kelly A. Kramer sold 70,000 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $53.56, for a total transaction of $3,749,200.00. Following the sale, the chief financial officer now owns 349,122 shares in the company, valued at approximately $18,698,974.32. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.

Shares of CSCO stock opened at $57.11 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.64 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a one year low of $40.25 and a one year high of $57.56. The stock has a market cap of $244.47 billion, a PE ratio of 24.41, a P/E/G ratio of 2.86 and a beta of 1.20.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, May 15th. The network equipment provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. Cisco Systems had a net margin of 25.76% and a return on equity of 29.88%. The business had revenue of $12.96 billion for the quarter, compared to analysts’ expectations of $12.89 billion. During the same quarter last year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, analysts anticipate that Cisco Systems, Inc. will post 2.8 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Friday, July 5th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.40 annualized dividend and a yield of 2.45%. Cisco Systems’s dividend payout ratio (DPR) is 59.83%.

Cisco Systems announced that its board has authorized a stock repurchase program on Wednesday, February 13th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the network equipment provider to buy up to 6.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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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 worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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