TCM Advisors LLC Sells 4,400 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

TCM Advisors LLC lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 17.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,477 shares of the network equipment provider's stock after selling 4,400 shares during the period. Cisco Systems accounts for about 0.1% of TCM Advisors LLC's investment portfolio, making the stock its 21st largest holding. TCM Advisors LLC's holdings in Cisco Systems were worth $1,212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Resource Group lifted its stake in shares of Cisco Systems by 1.9% in the third quarter. Advisory Resource Group now owns 97,718 shares of the network equipment provider's stock worth $5,201,000 after buying an additional 1,784 shares in the last quarter. Morse Asset Management Inc bought a new position in shares of Cisco Systems during the third quarter valued at $798,000. SkyView Investment Advisors LLC increased its holdings in Cisco Systems by 4.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 10,188 shares of the network equipment provider's stock worth $542,000 after buying 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 about $1,097,000. Finally, World Investment Advisors LLC lifted its position in Cisco Systems by 13.9% during the third quarter. World Investment Advisors LLC now owns 137,503 shares of the network equipment provider's stock valued at $7,318,000 after purchasing an additional 16,749 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other news, SVP Maria Victoria Wong sold 762 shares of the business'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 completion of the sale, the senior vice president now directly owns 44,155 shares of the company's stock, valued at approximately $2,693,013.45. The trade was a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles Robbins sold 31,983 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the completion of the transaction, the chief executive officer now directly owns 736,120 shares in the company, valued at $47,413,489.20. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,547 shares of company stock valued at $4,275,553. 0.01% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on Cisco Systems from $56.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. DZ Bank upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. BNP Paribas upgraded shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price target on the stock in a research report on Tuesday, January 28th. Melius Research upgraded Cisco Systems from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Finally, Morgan Stanley boosted their price target on Cisco Systems from $62.00 to $68.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.74.

Cisco Systems Price Performance

NASDAQ:CSCO traded up $0.08 during trading hours on Monday, reaching $57.41. The stock had a trading volume of 15,657,094 shares, compared to its average volume of 20,097,317. The company has a 50 day moving average price of $61.19 and a two-hundred day moving average price of $59.08. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $66.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87. The stock has a market capitalization of $228.39 billion, a PE ratio of 25.07, a PEG ratio of 4.16 and a beta of 0.86.

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

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

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.41 per share. This is a boost 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 dividend on an annualized basis and a yield of 2.86%. Cisco Systems's payout ratio is 71.62%.

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.