Cornell Pochily Investment Advisors Inc. Decreases Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Cornell Pochily Investment Advisors Inc. trimmed its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,409 shares of the network equipment provider’s stock after selling 594 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in Cisco Systems were worth $1,637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Kathleen S. Wright Associates Inc. purchased a new position in Cisco Systems during the 3rd quarter worth $27,000. Valued Wealth Advisors LLC bought a new stake in Cisco Systems during the 4th quarter valued at $32,000. Fortis Capital Advisors LLC bought a new stake in Cisco Systems during the 4th quarter valued at $34,000. Hibernia Wealth Partners LLC bought a new stake in Cisco Systems during the 3rd quarter valued at $42,000. Finally, VitalStone Financial LLC bought a new stake in Cisco Systems during the 2nd quarter valued at $45,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cisco Systems

In other news, SVP Maria Victoria Wong sold 2,497 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 58,121 shares in the company, valued at approximately $2,906,050. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now directly owns 58,121 shares in the company, valued at $2,906,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Deborah L. Stahlkopf sold 3,002 shares of the company’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 transaction, the executive vice president now owns 191,559 shares in the company, valued at $9,579,865.59. The disclosure for this sale can be found here. Insiders have sold a total of 19,441 shares of company stock worth $972,080 in the last ninety days. Insiders own 0.02% of the company’s stock.

Cisco Systems Price Performance

Shares of Cisco Systems stock traded up $0.31 on Thursday, hitting $50.08. The company’s stock had a trading volume of 2,522,748 shares, compared to its average volume of 19,671,684. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.37. Cisco Systems, Inc. has a 1 year low of $45.56 and a 1 year high of $58.19. The company has a market capitalization of $202.78 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 2.24 and a beta of 0.87. The firm has a fifty day moving average price of $49.78 and a 200-day moving average price of $50.94.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The company had revenue of $12.79 billion for the quarter, compared to analysts’ expectations of $12.71 billion. During the same period in the previous year, the firm posted $0.76 EPS. Cisco Systems’s revenue was down 5.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.16 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th will be issued 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 dividend yield of 3.19%. The ex-dividend date of this dividend is Wednesday, April 3rd. Cisco Systems’s payout ratio is currently 47.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CSCO. Melius cut Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. StockNews.com cut Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Barclays raised their price objective on Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Melius Research reaffirmed a “hold” rating and set a $55.00 price target on shares of Cisco Systems in a research report on Monday, January 8th. Finally, Wells Fargo & Company started coverage on Cisco Systems in a research report on Thursday, February 15th. They set an “equal weight” rating and a $52.00 price target for the company. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $56.42.

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.