Beacon Harbor Wealth Advisors Inc. Makes New Investment in Cisco Systems, Inc. $CSCO

Beacon Harbor Wealth Advisors Inc. purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 89,429 shares of the network equipment provider’s stock, valued at approximately $6,205,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Connections Group Inc. lifted its holdings in shares of Cisco Systems by 89.4% during the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 193 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in Cisco Systems during the 2nd quarter valued at about $28,000. Pandora Wealth Inc. purchased a new stake in Cisco Systems in the first quarter valued at about $31,000. Nova Wealth Management Inc. acquired a new stake in Cisco Systems in the first quarter worth about $31,000. Finally, Brown Shipley& Co Ltd purchased a new stake in Cisco Systems during the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. William Blair upgraded Cisco Systems to a “hold” rating in a research note on Thursday, August 14th. Melius Research lifted their price objective on Cisco Systems from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup boosted their price objective on Cisco Systems from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday. KeyCorp raised their target price on Cisco Systems from $77.00 to $87.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, UBS Group boosted their price target on Cisco Systems from $88.00 to $90.00 and gave the company a “buy” rating in a report on Thursday. Sixteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Cisco Systems has an average rating of “Moderate Buy” and a consensus price target of $83.75.

Cisco Systems Trading Up 0.8%

Shares of CSCO stock opened at $78.00 on Friday. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $79.50. The company has a market cap of $307.38 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 3.00 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The stock has a 50 day simple moving average of $69.87 and a 200-day simple moving average of $67.42.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.98 by $0.02. The company had revenue of $14.88 billion during the quarter, compared to analyst estimates of $14.77 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. On average, equities research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, January 2nd. Cisco Systems’s payout ratio is presently 62.60%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the completion of the transaction, the executive vice president owned 198,855 shares of the company’s stock, valued at $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the transaction, the executive vice president owned 157,184 shares in the company, valued at approximately $10,701,086.72. This trade represents a 1.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,089 shares of company stock valued at $2,236,383 in the last 90 days. Corporate 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.