Yoder Wealth Management Inc. Takes Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Yoder Wealth Management Inc. acquired a new position in Cisco Systems, Inc. (NASDAQ:CSCO) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,594 shares of the network equipment provider’s stock, valued at approximately $213,000.

Several other large investors also recently added to or reduced their stakes in the business. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Cisco Systems by 3.4% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 110,089 shares of the network equipment provider’s stock valued at $6,517,000 after acquiring an additional 3,661 shares in the last quarter. Abundance Wealth Counselors increased its position in shares of Cisco Systems by 1.9% in the fourth quarter. Abundance Wealth Counselors now owns 50,423 shares of the network equipment provider’s stock worth $2,985,000 after purchasing an additional 963 shares during the last quarter. Independence Bank of Kentucky raised its stake in Cisco Systems by 11.0% in the fourth quarter. Independence Bank of Kentucky now owns 23,921 shares of the network equipment provider’s stock valued at $1,416,000 after purchasing an additional 2,375 shares in the last quarter. SeaBridge Investment Advisors LLC bought a new stake in Cisco Systems during the fourth quarter valued at approximately $351,000. Finally, Dohj LLC purchased a new position in Cisco Systems in the 4th quarter worth approximately $240,000. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Trading Up 0.2 %

NASDAQ:CSCO opened at $60.60 on Friday. The company has a 50 day simple moving average of $59.44 and a two-hundred day simple moving average of $54.49. The company has a market cap of $241.36 billion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 4.43 and a beta of 0.84. The company has a current ratio of 0.88, a quick ratio of 0.80 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 $62.31.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $13.84 billion for the quarter, compared to the consensus estimate of $13.78 billion. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. Cisco Systems’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. Research analysts forecast that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd were given a $0.40 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.64%. Cisco Systems’s payout ratio is presently 68.67%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 586 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $58.69, for a total value of $34,392.34. Following the completion of the sale, the senior vice president now owns 50,767 shares in the company, valued at approximately $2,979,515.23. This represents a 1.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Richard Scott Herren sold 86,351 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $4,964,318.99. Following the completion of the transaction, the chief financial officer now owns 365,314 shares in the company, valued at $21,001,901.86. The trade was a 19.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 353,522 shares of company stock worth $20,349,721 in the last 90 days. 0.01% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CSCO shares. JPMorgan Chase & Co. raised shares of Cisco Systems from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $55.00 to $66.00 in a report on Monday, November 11th. BNP Paribas raised Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 price target for the company in a research note on Tuesday, January 28th. Barclays increased their price objective on Cisco Systems from $49.00 to $56.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Bank of America upped their target price on Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Citigroup lifted their price target on shares of Cisco Systems from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.72.

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.