Shoker Investment Counsel Inc. Lowers Stock Position in Cisco Systems, Inc. $CSCO

Shoker Investment Counsel Inc. lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 60,119 shares of the network equipment provider’s stock after selling 1,856 shares during the period. Cisco Systems comprises approximately 1.3% of Shoker Investment Counsel Inc.’s portfolio, making the stock its 18th largest position. Shoker Investment Counsel Inc.’s holdings in Cisco Systems were worth $4,171,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. United Advisor Group LLC grew its stake in shares of Cisco Systems by 15.3% in the second quarter. United Advisor Group LLC now owns 5,936 shares of the network equipment provider’s stock worth $412,000 after acquiring an additional 786 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Cisco Systems by 35.9% in the 2nd quarter. Empowered Funds LLC now owns 658,670 shares of the network equipment provider’s stock valued at $45,699,000 after acquiring an additional 173,891 shares during the last quarter. Vanguard Group Inc. raised its holdings in Cisco Systems by 1.3% during the second quarter. Vanguard Group Inc. now owns 393,989,568 shares of the network equipment provider’s stock worth $27,334,996,000 after purchasing an additional 5,039,714 shares in the last quarter. Greykasell Wealth Strategies Inc. raised its stake in Cisco Systems by 3.0% during the 2nd quarter. Greykasell Wealth Strategies Inc. now owns 10,890 shares of the network equipment provider’s stock worth $756,000 after acquiring an additional 314 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Cisco Systems by 23.9% in the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 21,921 shares of the network equipment provider’s stock valued at $1,521,000 after purchasing an additional 4,226 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Maria Victoria Wong sold 3,162 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $67.28, for a total value of $212,739.36. Following the completion of the sale, the senior vice president owned 31,468 shares of the company’s stock, valued at $2,117,167.04. This represents a 9.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Oliver Tuszik sold 17,526 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $67.95, for a total value of $1,190,891.70. Following the completion of the transaction, the executive vice president owned 198,855 shares of the company’s stock, valued at approximately $13,512,197.25. This represents a 8.10% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 33,089 shares of company stock worth $2,236,383. Company insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Evercore ISI upped their price target on shares of Cisco Systems from $74.00 to $80.00 and gave the company an “in-line” rating in a research report on Thursday, November 13th. Piper Sandler lifted their price target on Cisco Systems from $70.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. William Blair upgraded shares of Cisco Systems to a “hold” rating in a research report on Thursday, August 14th. Erste Group Bank raised Cisco Systems from a “hold” rating to a “buy” rating in a report on Monday, November 10th. Finally, UBS Group raised their price objective on shares of Cisco Systems from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cisco Systems presently has an average rating of “Moderate Buy” and a consensus target price of $84.05.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $77.78 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The firm has a market capitalization of $306.51 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95. The company has a 50 day moving average price of $70.08 and a 200 day moving average price of $67.70. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $79.50.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The firm had revenue of $14.88 billion for the quarter, compared to analysts’ expectations of $14.77 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. Sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, January 2nd. This represents a $1.64 annualized dividend and a dividend yield of 2.1%. Cisco Systems’s payout ratio is presently 61.65%.

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.