Members Trust Co Sells 486 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Members Trust Co trimmed its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,308 shares of the network equipment provider’s stock after selling 486 shares during the period. Members Trust Co’s holdings in Cisco Systems were worth $551,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC lifted its stake in shares of Cisco Systems by 57.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,126 shares of the network equipment provider’s stock valued at $273,000 after purchasing an additional 1,876 shares during the period. Creative Planning increased its holdings in Cisco Systems by 3.4% in the third quarter. Creative Planning now owns 1,155,964 shares of the network equipment provider’s stock valued at $60,979,000 after purchasing an additional 38,000 shares during the last quarter. Swedbank AB lifted its stake in Cisco Systems by 0.6% in the third quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider’s stock valued at $480,555,000 after buying an additional 52,711 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of Cisco Systems by 15.0% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 42,910 shares of the network equipment provider’s stock worth $2,284,000 after buying an additional 5,603 shares during the period. Finally, Good Life Advisors LLC raised its position in shares of Cisco Systems by 141.6% in the 3rd quarter. Good Life Advisors LLC now owns 39,040 shares of the network equipment provider’s stock valued at $2,078,000 after acquiring an additional 22,880 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Activity

In other news, Director Kristina M. Johnson sold 7,500 shares of Cisco Systems stock in a transaction on Friday, December 6th. The stock was sold at an average price of $59.87, for a total value of $449,025.00. Following the transaction, the director now owns 65,915 shares in the company, valued at approximately $3,946,331.05. This trade represents a 10.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thimaya K. Subaiya sold 21,230 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $57.07, for a total value of $1,211,596.10. Following the sale, the executive vice president now owns 213,834 shares of the company’s stock, valued at approximately $12,203,506.38. This represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,239 shares of company stock worth $2,166,612. Corporate insiders own 0.01% of the company’s stock.

Analyst Upgrades and Downgrades

CSCO has been the topic of a number of recent analyst reports. UBS Group lifted their price target on shares of Cisco Systems from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday. Morgan Stanley lifted their price objective on Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Barclays increased their target price on Cisco Systems from $56.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Thursday. Rosenblatt Securities upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and upped their price target for the company from $66.00 to $80.00 in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Cisco Systems from $69.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $66.53.

Cisco Systems Stock Performance

CSCO opened at $64.87 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. The stock has a market cap of $258.36 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 4.63 and a beta of 0.84. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50. The business has a 50 day moving average of $59.97 and a 200-day moving average of $55.42.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. On average, equities research analysts expect that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 12th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the network equipment provider to reacquire up to 6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.40. Cisco Systems’s dividend payout ratio is presently 68.67%.

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.