Magnolia Capital Advisors LLC Acquires 306 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Magnolia Capital Advisors LLC increased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,568 shares of the network equipment provider’s stock after acquiring an additional 306 shares during the quarter. Magnolia Capital Advisors LLC’s holdings in Cisco Systems were worth $1,388,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Legacy Trust boosted its holdings in shares of Cisco Systems by 12.5% during the 3rd quarter. Legacy Trust now owns 6,908 shares of the network equipment provider’s stock valued at $371,000 after buying an additional 767 shares in the last quarter. Essex LLC increased its position in shares of Cisco Systems by 2.1% during the 3rd quarter. Essex LLC now owns 64,458 shares of the network equipment provider’s stock valued at $3,465,000 after purchasing an additional 1,333 shares during the last quarter. Guidance Capital Inc. increased its position in shares of Cisco Systems by 6.4% during the 3rd quarter. Guidance Capital Inc. now owns 12,754 shares of the network equipment provider’s stock valued at $684,000 after purchasing an additional 768 shares during the last quarter. Onyx Bridge Wealth Group LLC increased its position in shares of Cisco Systems by 3.8% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 5,385 shares of the network equipment provider’s stock valued at $290,000 after purchasing an additional 197 shares during the last quarter. Finally, Columbia Trust Co 01012016 increased its holdings in Cisco Systems by 13.8% in the 3rd quarter. Columbia Trust Co 01012016 now owns 7,726 shares of the network equipment provider’s stock worth $415,000 after acquiring an additional 939 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CSCO has been the subject of several recent analyst reports. Morgan Stanley initiated coverage on Cisco Systems in a research note on Tuesday, April 9th. They issued an “overweight” rating and a $58.00 price target for the company. Melius Research restated a “hold” rating and issued a $55.00 price target on shares of Cisco Systems in a research note on Monday, January 8th. Deutsche Bank Aktiengesellschaft upped their price target on Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 9th. Melius downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, JPMorgan Chase & Co. assumed coverage on Cisco Systems in a research report on Monday. They set a “neutral” rating and a $53.00 target price for the company. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $55.53.

Insider Activity at Cisco Systems

In related news, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the completion of the transaction, the chief financial officer now directly owns 328,491 shares in the company, valued at $16,424,550. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Richard Scott Herren sold 13,942 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the completion of the sale, the chief financial officer now directly owns 328,491 shares in the company, valued at $16,424,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the sale, the executive vice president now owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is owned by corporate insiders.

Cisco Systems Stock Performance

Shares of Cisco Systems stock traded up $0.03 on Wednesday, reaching $48.35. 14,813,125 shares of the stock were exchanged, compared to its average volume of 19,419,535. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. Cisco Systems, Inc. has a twelve month low of $45.56 and a twelve month high of $58.19. The firm has a market capitalization of $195.78 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 2.78 and a beta of 0.87. The business has a 50 day moving average price of $48.97 and a two-hundred day moving average price of $50.12.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The firm had revenue of $12.79 billion during the quarter, compared to the consensus estimate of $12.71 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue was down 5.9% compared to the same quarter last year. Analysts anticipate that Cisco Systems, Inc. will post 3.13 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, April 4th will be given a dividend of $0.40 per share. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 3.31%. The ex-dividend date is Wednesday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 48.63%.

Cisco Systems Company 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.