Fi3 FINANCIAL ADVISORS LLC Invests $338,000 in Cisco Systems, Inc. (NASDAQ:CSCO)

Fi3 FINANCIAL ADVISORS LLC bought a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,709 shares of the network equipment provider's stock, valued at approximately $338,000.

A number of other large investors have also recently bought and sold shares of CSCO. FPC Investment Advisory Inc. acquired a new position in shares of Cisco Systems during the fourth quarter worth about $26,000. Campbell Capital Management Inc. purchased a new position in Cisco Systems in the fourth quarter valued at about $31,000. Highline Wealth Partners LLC lifted its position in shares of Cisco Systems by 76.7% during the 4th quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider's stock valued at $35,000 after acquiring an additional 260 shares during the period. Synergy Investment Management LLC purchased a new stake in shares of Cisco Systems during the 4th quarter worth approximately $36,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of Cisco Systems in the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Analyst Ratings Changes

CSCO has been the topic of a number of research analyst reports. Citigroup reiterated an "overweight" rating on shares of Cisco Systems in a research report on Thursday, March 6th. Melius raised shares of Cisco Systems from a "hold" rating to a "buy" rating and increased their price objective for the company from $66.00 to $73.00 in a research note on Monday, January 6th. Rosenblatt Securities upgraded shares of Cisco Systems from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $66.00 to $80.00 in a research report on Thursday, February 13th. Melius Research upgraded shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Cisco Systems from $69.00 to $73.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Cisco Systems currently has an average rating of "Moderate Buy" and a consensus price target of $66.63.

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Cisco Systems Trading Up 1.3 %

NASDAQ:CSCO traded up $0.81 on Wednesday, hitting $61.80. 30,617,380 shares of the stock were exchanged, compared to its average volume of 18,078,896. The stock has a fifty day moving average of $62.03 and a 200-day moving average of $58.34. The stock has a market cap of $245.86 billion, a PE ratio of 26.99, a PEG ratio of 4.16 and a beta of 0.79. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $66.50.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, missing analysts' consensus estimates of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. As a group, equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be given a $0.41 dividend. 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. This represents a $1.64 annualized dividend and a dividend yield of 2.65%. Cisco Systems's dividend payout ratio is presently 71.62%.

Cisco Systems announced that its board has initiated a stock repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the network equipment provider to purchase up to 6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Activity

In related news, EVP Thimaya K. Subaiya sold 2,065 shares of Cisco Systems stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total transaction of $125,345.50. Following the sale, the executive vice president now owns 191,184 shares of the company's stock, valued at $11,604,868.80. The trade was a 1.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Richard Scott Herren sold 19,929 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $64.41, for a total transaction of $1,283,626.89. Following the completion of the transaction, the chief financial officer now directly owns 335,605 shares of the company's stock, valued at approximately $21,616,318.05. The trade was a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,547 shares of company stock worth $4,275,553. 0.01% of the stock is currently owned by corporate insiders.

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.