Ramsay Stattman Vela & Price Inc. Has $4.99 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Ramsay Stattman Vela & Price Inc. decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 24.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,717 shares of the network equipment provider's stock after selling 30,205 shares during the quarter. Ramsay Stattman Vela & Price Inc.'s holdings in Cisco Systems were worth $4,988,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Waypoint Capital Advisors LLC grew its holdings in Cisco Systems by 2.9% during the third quarter. Waypoint Capital Advisors LLC now owns 6,497 shares of the network equipment provider's stock valued at $346,000 after purchasing an additional 182 shares during the period. Meridian Financial Partners LLC grew its holdings in shares of Cisco Systems by 3.8% in the 3rd quarter. Meridian Financial Partners LLC now owns 5,020 shares of the network equipment provider's stock valued at $267,000 after buying an additional 185 shares during the period. Gleason Group Inc. increased its position in shares of Cisco Systems by 0.9% in the 3rd quarter. Gleason Group Inc. now owns 22,683 shares of the network equipment provider's stock valued at $1,207,000 after buying an additional 193 shares in the last quarter. Cassia Capital Partners LLC raised its stake in Cisco Systems by 1.5% during the 3rd quarter. Cassia Capital Partners LLC now owns 13,083 shares of the network equipment provider's stock worth $696,000 after buying an additional 195 shares during the period. Finally, Cypress Wealth Services LLC grew its stake in Cisco Systems by 1.7% in the third quarter. Cypress Wealth Services LLC now owns 12,161 shares of the network equipment provider's stock valued at $647,000 after acquiring an additional 198 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Stock Performance

NASDAQ:CSCO traded up $0.40 on Tuesday, hitting $55.68. The company's stock had a trading volume of 18,805,781 shares, compared to its average volume of 19,060,148. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $57.06. The firm has a market capitalization of $224.32 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 4.22 and a beta of 0.83. The stock has a fifty day moving average of $52.23 and a two-hundred day moving average of $48.90. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The firm had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same period last year, the business posted $1.01 earnings per share. The business's revenue for the quarter was down 10.3% compared to the same quarter last year. Research analysts predict that Cisco Systems, Inc. will post 2.9 earnings per share for the current year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Wednesday, October 2nd. Cisco Systems's dividend payout ratio is currently 53.87%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CSCO. HSBC upgraded Cisco Systems from a "hold" rating to a "buy" rating and lifted their price objective for the company from $46.00 to $58.00 in a report on Friday, August 16th. Needham & Company LLC reissued a "hold" rating on shares of Cisco Systems in a research report on Thursday, August 15th. Citigroup raised shares of Cisco Systems from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $52.00 to $62.00 in a research report on Wednesday, October 16th. Rosenblatt Securities increased their target price on Cisco Systems from $56.00 to $58.00 and gave the stock a "neutral" rating in a report on Thursday, August 15th. Finally, Jefferies Financial Group cut their price target on Cisco Systems from $56.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Cisco Systems has a consensus rating of "Hold" and a consensus price target of $56.74.

Insider Activity

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 7,462 shares of Cisco Systems stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $49.41, for a total value of $368,697.42. Following the completion of the sale, the executive vice president now owns 165,580 shares in the company, valued at $8,181,307.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Deborah L. Stahlkopf sold 7,462 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $49.41, for a total transaction of $368,697.42. Following the sale, the executive vice president now directly owns 165,580 shares of the company's stock, valued at approximately $8,181,307.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thimaya K. Subaiya sold 8,270 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $50.33, for a total value of $416,229.10. Following the completion of the transaction, the executive vice president now owns 135,544 shares in the company, valued at $6,821,929.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,529 shares of company stock valued at $3,509,049. 0.02% of the stock is owned by company insiders.

Cisco Systems Company 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.