Colonial Trust Advisors Has $6.90 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Colonial Trust Advisors decreased its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,550 shares of the network equipment provider's stock after selling 5,632 shares during the period. Colonial Trust Advisors' holdings in Cisco Systems were worth $6,900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new position in shares of Cisco Systems in the 4th quarter worth $26,000. Runnymede Capital Advisors Inc. acquired a new position in Cisco Systems in the fourth quarter valued at about $30,000. Campbell Capital Management Inc. bought a new position in Cisco Systems during the fourth quarter worth about $31,000. Highline Wealth Partners LLC grew 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 worth $35,000 after buying an additional 260 shares during the period. Finally, Synergy Investment Management LLC bought a new stake in shares of Cisco Systems in the 4th quarter valued at about $36,000. 73.33% of the stock is owned by institutional investors.

Cisco Systems Stock Performance

NASDAQ CSCO traded up $0.09 during trading on Monday, reaching $57.42. The company's stock had a trading volume of 5,450,763 shares, compared to its average volume of 20,058,274. 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 12 month low of $44.50 and a 12 month high of $66.50. The firm has a 50 day moving average price of $61.30 and a 200 day moving average price of $59.05. The firm has a market capitalization of $228.43 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 4.16 and a beta of 0.86.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate 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 anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems announced that its board has authorized a stock repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the network equipment provider to buy up to 6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is 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 2.86%. 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%.

Insider Buying and Selling

In other Cisco Systems news, 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 owns 44,155 shares of the company's stock, valued at approximately $2,693,013.45. This represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thimaya K. Subaiya sold 2,065 shares of Cisco Systems stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $60.70, for a total value of $125,345.50. Following the completion of the transaction, the executive vice president now directly owns 191,184 shares of the company's stock, valued at approximately $11,604,868.80. This trade represents a 1.07 % 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 valued at $4,275,553 over the last ninety days. 0.01% of the stock is owned by company insiders.

Analyst Ratings Changes

CSCO has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price objective on shares of Cisco Systems from $56.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. BNP Paribas raised shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price target for the company in a report on Tuesday, January 28th. Citigroup restated an "overweight" rating on shares of Cisco Systems in a research report on Thursday, March 6th. Wells Fargo & Company reiterated an "equal weight" rating on shares of Cisco Systems in a report on Thursday, March 6th. Finally, Piper Sandler lowered their price target on Cisco Systems from $72.00 to $60.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $66.00.

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.