Arbor Trust Wealth Advisors LLC Sells 2,757 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Arbor Trust Wealth Advisors LLC trimmed its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 24.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,345 shares of the network equipment provider’s stock after selling 2,757 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in Cisco Systems were worth $494,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CSCO. Seven Eight Capital LP bought a new position in shares of Cisco Systems in the second quarter worth approximately $242,000. Benjamin F. Edwards & Company Inc. boosted its position in Cisco Systems by 20.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 174,973 shares of the network equipment provider’s stock valued at $8,313,000 after buying an additional 29,163 shares during the period. Benjamin Edwards Inc. boosted its position in Cisco Systems by 2.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 8,441 shares of the network equipment provider’s stock valued at $401,000 after buying an additional 226 shares during the period. Sei Investments Co. grew its holdings in Cisco Systems by 13.7% in the 2nd quarter. Sei Investments Co. now owns 2,041,220 shares of the network equipment provider’s stock worth $96,984,000 after acquiring an additional 245,780 shares during the last quarter. Finally, Boston Research & Management Inc. increased its position in shares of Cisco Systems by 0.9% in the second quarter. Boston Research & Management Inc. now owns 146,582 shares of the network equipment provider’s stock valued at $6,964,000 after acquiring an additional 1,243 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CSCO. Melius Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. UBS Group lifted their price objective on Cisco Systems from $55.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Wells Fargo & Company raised their price target on Cisco Systems from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Bank of America boosted their price objective on shares of Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Tigress Financial raised their target price on shares of Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.50.

Cisco Systems Trading Up 0.7 %

NASDAQ CSCO opened at $60.23 on Friday. The stock’s fifty day moving average price is $58.91 and its 200-day moving average price is $53.52. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The stock has a market cap of $239.88 billion, a P/E ratio of 25.85, a P/E/G ratio of 4.37 and a beta of 0.84. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $60.95.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $13.84 billion during the quarter, compared to analyst estimates of $13.78 billion. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. Cisco Systems’s revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.98 EPS. As a group, equities analysts forecast that Cisco Systems, Inc. will post 2.97 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be given a $0.40 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.66%. Cisco Systems’s dividend payout ratio (DPR) is presently 68.67%.

Insider Buying and Selling at Cisco Systems

In other news, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the sale, the chief executive officer now directly owns 783,786 shares in the company, valued at $45,059,857.14. The trade was a 17.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thimaya K. Subaiya sold 21,230 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $57.07, for a total transaction of $1,211,596.10. Following the transaction, the executive vice president now owns 213,834 shares in the company, valued at approximately $12,203,506.38. This trade represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 353,522 shares of company stock worth $20,349,721. Insiders own 0.01% of the company’s stock.

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.