Cisco Systems, Inc. (CSCO) to Distribute Quarterly Dividend of $0.38 on January 25th

Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) declared a quarterly dividend on Wednesday, December 7th, RTT News reports. Investors of record on Thursday, January 5th will be given a dividend of 0.38 per share by the network equipment provider on Wednesday, January 25th. This represents a $1.52 dividend on an annualized basis and a yield of 3.10%.

Cisco Systems has raised its dividend payment by an average of 3.9% per year over the last three years and has raised its dividend annually for the last 11 consecutive years. Cisco Systems has a dividend payout ratio of 42.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cisco Systems to earn $3.43 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 44.3%.

Cisco Systems Stock Performance

Shares of Cisco Systems stock opened at $48.99 on Friday. Cisco Systems has a 12 month low of $38.60 and a 12 month high of $64.29. The stock has a market cap of $201.29 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00. The company has a quick ratio of 1.34, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $44.73 and a 200-day simple moving average of $44.46.

Cisco Systems (NASDAQ:CSCOGet Rating) last released its quarterly earnings data on Wednesday, November 16th. The network equipment provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.04. The firm had revenue of $13.63 billion for the quarter, compared to analyst estimates of $13.29 billion. Cisco Systems had a net margin of 22.00% and a return on equity of 31.68%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 EPS. On average, sell-side analysts anticipate that Cisco Systems will post 3.17 EPS for the current fiscal year.

Insider Activity

In other Cisco Systems news, EVP Jeffery S. Sharritts sold 637 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $44.69, for a total transaction of $28,467.53. Following the completion of the transaction, the executive vice president now owns 166,370 shares in the company, valued at $7,435,075.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, COO Maria Martinez sold 3,201 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $47.81, for a total transaction of $153,039.81. Following the sale, the chief operating officer now directly owns 452,254 shares in the company, valued at approximately $21,622,263.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffery S. Sharritts sold 637 shares of Cisco Systems stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $44.69, for a total value of $28,467.53. Following the completion of the transaction, the executive vice president now owns 166,370 shares of the company’s stock, valued at approximately $7,435,075.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 266,472 shares of company stock worth $12,978,029. Corporate insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Advisory Inc. raised its stake in shares of Cisco Systems by 18.0% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 4,105 shares of the network equipment provider’s stock worth $229,000 after acquiring an additional 626 shares during the last quarter. Fairview Capital Investment Management LLC increased its stake in shares of Cisco Systems by 32.6% in the 1st quarter. Fairview Capital Investment Management LLC now owns 5,316 shares of the network equipment provider’s stock valued at $296,000 after buying an additional 1,306 shares during the period. Prelude Capital Management LLC increased its stake in shares of Cisco Systems by 158.0% in the 1st quarter. Prelude Capital Management LLC now owns 5,643 shares of the network equipment provider’s stock valued at $315,000 after buying an additional 15,373 shares during the period. Wsfs Capital Management LLC lifted its stake in shares of Cisco Systems by 4.3% during the first quarter. Wsfs Capital Management LLC now owns 7,447 shares of the network equipment provider’s stock valued at $415,000 after acquiring an additional 307 shares during the period. Finally, First Western Trust Bank bought a new position in Cisco Systems in the first quarter valued at about $428,000. Institutional investors and hedge funds own 71.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. The Goldman Sachs Group lifted their price objective on Cisco Systems from $45.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, August 18th. Citigroup boosted their price target on Cisco Systems from $40.00 to $44.00 and gave the company a “sell” rating in a research note on Thursday, August 18th. Evercore ISI raised their price objective on shares of Cisco Systems from $50.00 to $56.00 and gave the company an “outperform” rating in a research report on Thursday, August 18th. Bank of America restated a “buy” rating and set a $52.00 price target on shares of Cisco Systems in a research note on Wednesday, November 16th. Finally, StockNews.com raised shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Cisco Systems currently has an average rating of “Moderate Buy” and an average price target of $53.63.

Cisco Systems Company Profile

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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 that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; 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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Dividend History for Cisco Systems (NASDAQ:CSCO)

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