Altus Wealth Group LLC Has $353,000 Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Altus Wealth Group LLC lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 8.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,962 shares of the network equipment provider’s stock after buying an additional 454 shares during the quarter. Altus Wealth Group LLC’s holdings in Cisco Systems were worth $353,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Facet Wealth Inc. increased its position in Cisco Systems by 6.1% during the fourth quarter. Facet Wealth Inc. now owns 3,926 shares of the network equipment provider’s stock worth $244,000 after acquiring an additional 227 shares during the period. Harbour Investments Inc. grew its position in shares of Cisco Systems by 3.1% during the 4th quarter. Harbour Investments Inc. now owns 49,491 shares of the network equipment provider’s stock worth $2,930,000 after purchasing an additional 1,506 shares in the last quarter. Gitterman Wealth Management LLC bought a new position in shares of Cisco Systems during the fourth quarter worth approximately $204,000. Greenwich Wealth Management LLC raised its position in shares of Cisco Systems by 0.9% in the fourth quarter. Greenwich Wealth Management LLC now owns 89,125 shares of the network equipment provider’s stock valued at $5,276,000 after buying an additional 772 shares in the last quarter. Finally, Intrepid Financial Planning Group LLC bought a new stake in shares of Cisco Systems in the fourth quarter valued at approximately $203,000. Institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling

In related news, EVP Thimaya K. Subaiya sold 2,065 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total value of $125,345.50. Following the transaction, the executive vice president now owns 191,184 shares in the company, valued at $11,604,868.80. The trade was a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Maria Victoria Wong sold 762 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $60.99, for a total transaction of $46,474.38. Following the sale, the senior vice president now directly owns 44,155 shares in the company, valued at $2,693,013.45. This trade represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,547 shares of company stock valued at $4,275,553 over the last ninety days. 0.01% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. BNP Paribas raised Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 price objective for the company in a report on Tuesday, January 28th. UBS Group upped their price objective on shares of Cisco Systems from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. StockNews.com lowered shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 5th. Morgan Stanley upped their price target on shares of Cisco Systems from $62.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Finally, Barclays reissued an “equal weight” rating on shares of Cisco Systems in a research note on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.63.

Cisco Systems Stock Up 1.4 %

NASDAQ:CSCO opened at $60.50 on Friday. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $66.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. The company has a market cap of $240.69 billion, a PE ratio of 26.42, a P/E/G ratio of 4.16 and a beta of 0.79. The firm’s 50 day simple moving average is $61.79 and its 200 day simple moving average is $57.75.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. On average, research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 12th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the network equipment provider to reacquire up to 6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders 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 2.71%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 3rd. Cisco Systems’s dividend payout ratio (DPR) is 71.62%.

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.