Burling Wealth Partners LLC Makes New $2.49 Million Investment in Cisco Systems, Inc. (NASDAQ:CSCO)

Burling Wealth Partners LLC purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 42,008 shares of the network equipment provider's stock, valued at approximately $2,487,000.

Several other large investors have also recently made changes to their positions in the stock. Advisory Resource Group raised its stake in shares of Cisco Systems by 1.9% during the 3rd quarter. Advisory Resource Group now owns 97,718 shares of the network equipment provider's stock worth $5,201,000 after acquiring an additional 1,784 shares in the last quarter. Morse Asset Management Inc purchased a new position in Cisco Systems in the third quarter worth $798,000. SkyView Investment Advisors LLC increased its position in shares of Cisco Systems by 4.5% during the third quarter. SkyView Investment Advisors LLC now owns 10,188 shares of the network equipment provider's stock worth $542,000 after purchasing an additional 440 shares in the last quarter. Tudor Financial Inc. purchased a new stake in shares of Cisco Systems during the 3rd quarter valued at $1,097,000. Finally, World Investment Advisors LLC grew its stake in Cisco Systems by 13.9% during the 3rd quarter. World Investment Advisors LLC now owns 137,503 shares of the network equipment provider's stock worth $7,318,000 after buying an additional 16,749 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Cisco Systems Trading Up 1.1 %

CSCO stock opened at $55.62 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $66.50. The company's 50-day simple moving average is $60.16 and its 200-day simple moving average is $59.13. The firm has a market cap of $221.28 billion, a P/E ratio of 24.29, a PEG ratio of 4.16 and a beta of 0.86.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share (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%. As a group, equities analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.95%. This is an increase from Cisco Systems's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 71.62%.

Cisco Systems announced that its Board of Directors has approved a share buyback plan on Wednesday, February 12th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the network equipment provider to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CSCO shares. Melius raised Cisco Systems from a "hold" rating to a "buy" rating and raised their price target for the stock from $66.00 to $73.00 in a report on Monday, January 6th. BNP Paribas raised shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 target price on the stock in a research report on Tuesday, January 28th. Barclays restated an "equal weight" rating on shares of Cisco Systems in a research note on Thursday, March 6th. Rosenblatt Securities lowered their price objective on shares of Cisco Systems from $80.00 to $63.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Citigroup reduced their target price on Cisco Systems from $73.00 to $68.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Cisco Systems presently has an average rating of "Moderate Buy" and an average price target of $64.68.

Insider Activity

In other news, EVP Deborah L. Stahlkopf sold 11,808 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $64.37, for a total value of $760,080.96. Following the transaction, the executive vice president now owns 200,191 shares in the company, valued at $12,886,294.67. This trade represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Charles Robbins sold 31,983 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $64.41, for a total value of $2,060,025.03. Following the completion of the transaction, the chief executive officer now directly owns 736,120 shares of the company's stock, valued at approximately $47,413,489.20. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,547 shares of company stock worth $4,275,553 over the last 90 days. 0.01% of the stock is currently owned by company insiders.

About Cisco Systems

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.

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