Kiley Juergens Wealth Management LLC Sells 894 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Kiley Juergens Wealth Management LLC lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,873 shares of the network equipment provider’s stock after selling 894 shares during the quarter. Kiley Juergens Wealth Management LLC’s holdings in Cisco Systems were worth $1,192,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Valued Wealth Advisors LLC bought a new position in Cisco Systems during the fourth quarter worth about $32,000. Delos Wealth Advisors LLC lifted its holdings in shares of Cisco Systems by 1,666.7% in the fourth quarter. Delos Wealth Advisors LLC now owns 636 shares of the network equipment provider’s stock worth $32,000 after buying an additional 600 shares in the last quarter. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Cisco Systems in the fourth quarter worth about $33,000. Morton Brown Family Wealth LLC lifted its holdings in shares of Cisco Systems by 41.9% in the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock worth $36,000 after buying an additional 208 shares in the last quarter. Finally, Bourgeon Capital Management LLC lifted its holdings in shares of Cisco Systems by 3,500.0% in the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock worth $36,000 after buying an additional 700 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CSCO. Oppenheimer raised their target price on shares of Cisco Systems from $54.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Cisco Systems from $51.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, April 9th. StockNews.com downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Bank of America raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $55.00 to $60.00 in a research note on Monday, April 15th. Finally, Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $56.47.

Insider Transactions at Cisco Systems

In other news, SVP Maria Victoria Wong sold 762 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $45.42, for a total value of $34,610.04. Following the sale, the senior vice president now directly owns 51,788 shares of the company’s stock, valued at approximately $2,352,210.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Maria Victoria Wong sold 762 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $45.42, for a total value of $34,610.04. Following the sale, the senior vice president now directly owns 51,788 shares of the company’s stock, valued at approximately $2,352,210.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles Robbins sold 26,331 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $46.10, for a total transaction of $1,213,859.10. Following the completion of the sale, the chief executive officer now directly owns 725,363 shares in the company, valued at $33,439,234.30. The disclosure for this sale can be found here. Insiders have sold 41,106 shares of company stock valued at $1,908,923 in the last three months. 0.02% of the stock is currently owned by company insiders.

Cisco Systems Trading Down 0.4 %

Cisco Systems stock traded down $0.20 during mid-day trading on Wednesday, reaching $47.08. 1,115,626 shares of the company traded hands, compared to its average volume of 19,601,875. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.89 and a quick ratio of 0.82. The firm’s 50 day moving average price is $47.05 and its 200 day moving average price is $48.77. The firm has a market capitalization of $189.68 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 2.75 and a beta of 0.85. Cisco Systems, Inc. has a 52-week low of $44.95 and a 52-week high of $58.19.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. The business had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $12.53 billion. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 EPS. On average, analysts anticipate that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, July 5th. Cisco Systems’s dividend payout ratio is presently 53.87%.

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.