Richard C. Young & CO. LTD. Has $14.71 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Richard C. Young & CO. LTD. grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 291,170 shares of the network equipment provider’s stock after purchasing an additional 8,705 shares during the period. Cisco Systems comprises approximately 2.0% of Richard C. Young & CO. LTD.’s investment portfolio, making the stock its 15th biggest holding. Richard C. Young & CO. LTD.’s holdings in Cisco Systems were worth $14,710,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Valued Wealth Advisors LLC acquired a new position in shares of Cisco Systems during the 4th quarter worth about $32,000. Delos Wealth Advisors LLC grew its stake in shares of Cisco Systems by 1,666.7% in the fourth quarter. Delos Wealth Advisors LLC now owns 636 shares of the network equipment provider’s stock valued at $32,000 after acquiring an additional 600 shares in the last quarter. DiNuzzo Private Wealth Inc. bought a new position in shares of Cisco Systems during the fourth quarter worth approximately $33,000. Morton Brown Family Wealth LLC raised its position in shares of Cisco Systems by 41.9% in the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after buying an additional 208 shares in the last quarter. Finally, Bourgeon Capital Management LLC raised its position in shares of Cisco Systems by 3,500.0% in the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock valued at $36,000 after buying an additional 700 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CSCO shares. Barclays raised their price objective on Cisco Systems from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft boosted their price target on Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, April 9th. StockNews.com downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Citigroup assumed coverage on Cisco Systems in a research report on Friday, April 12th. They issued a “neutral” rating and a $52.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on shares of Cisco Systems from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, May 16th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cisco Systems has an average rating of “Hold” and a consensus price target of $56.47.

Check Out Our Latest Stock Report on Cisco Systems

Insider Activity at Cisco Systems

In related news, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $50.00, for a total value of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares in the company, valued at approximately $16,424,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Deborah L. Stahlkopf sold 3,002 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the transaction, the executive vice president now directly owns 191,559 shares of the company’s stock, valued at $9,579,865.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at $16,424,550. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,166 shares of company stock valued at $2,727,647. 0.02% of the stock is owned by company insiders.

Cisco Systems Trading Up 0.8 %

CSCO traded up $0.38 during trading on Friday, hitting $46.50. The company’s stock had a trading volume of 39,265,201 shares, compared to its average volume of 19,509,828. The firm has a market capitalization of $187.34 billion, a P/E ratio of 15.66, a PEG ratio of 2.67 and a beta of 0.87. Cisco Systems, Inc. has a twelve month low of $45.85 and a twelve month high of $58.19. The stock’s fifty day moving average price is $48.07 and its 200-day moving average price is $49.10. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 0.44.

Cisco Systems (NASDAQ:CSCOGet Free Report) last released its earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. The company had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $12.53 billion. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. Cisco Systems’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 EPS. Analysts anticipate that Cisco Systems, Inc. will post 3.14 EPS for the current year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Friday, July 5th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, July 5th. Cisco Systems’s dividend payout ratio is currently 53.87%.

About Cisco Systems

(Free Report)

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.

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

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