Magnolia Capital Advisors LLC Invests $357,000 in Cisco Systems, Inc. (NASDAQ:CSCO)

Magnolia Capital Advisors LLC purchased a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,448 shares of the network equipment provider’s stock, valued at approximately $357,000.

Other hedge funds also recently modified their holdings of the company. Financial Advocates Investment Management raised its stake in Cisco Systems by 0.5% during the fourth quarter. Financial Advocates Investment Management now owns 40,313 shares of the network equipment provider’s stock worth $1,933,000 after acquiring an additional 204 shares during the period. Alexandria Capital LLC increased its stake in shares of Cisco Systems by 0.4% in the fourth quarter. Alexandria Capital LLC now owns 51,487 shares of the network equipment provider’s stock valued at $2,469,000 after purchasing an additional 210 shares during the period. Noesis Capital Mangement Corp increased its stake in shares of Cisco Systems by 2.5% in the fourth quarter. Noesis Capital Mangement Corp now owns 9,140 shares of the network equipment provider’s stock valued at $438,000 after purchasing an additional 227 shares during the period. SNS Financial Group LLC increased its stake in shares of Cisco Systems by 1.2% in the fourth quarter. SNS Financial Group LLC now owns 18,835 shares of the network equipment provider’s stock valued at $903,000 after purchasing an additional 230 shares during the period. Finally, Jackson Grant Investment Advisers Inc. increased its stake in shares of Cisco Systems by 4.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 5,299 shares of the network equipment provider’s stock valued at $254,000 after purchasing an additional 233 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on CSCO shares. Robert W. Baird raised their price target on shares of Cisco Systems from $52.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Zacks Investment Research upgraded shares of Cisco Systems from a “sell” rating to a “hold” rating and set a $50.00 price objective on the stock in a research note on Wednesday, January 15th. Credit Suisse Group lowered their price objective on shares of Cisco Systems from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Morgan Stanley lowered their price objective on shares of Cisco Systems from $50.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 19th. Finally, BidaskClub upgraded shares of Cisco Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Twelve research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Cisco Systems has a consensus rating of “Buy” and a consensus price target of $52.28.

CSCO stock traded down $0.65 during midday trading on Tuesday, reaching $39.68. The company had a trading volume of 14,829,492 shares, compared to its average volume of 46,936,312. Cisco Systems, Inc. has a 1 year low of $32.40 and a 1 year high of $58.26. The company has a current ratio of 1.81, a quick ratio of 1.75 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $164.63 billion, a P/E ratio of 15.50, a PEG ratio of 2.53 and a beta of 1.23. The company has a 50 day moving average of $41.38 and a two-hundred day moving average of $45.75.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. Cisco Systems had a net margin of 21.44% and a return on equity of 36.40%. The company had revenue of $12 billion during the quarter, compared to the consensus estimate of $11.98 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. The company’s revenue was down 3.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Cisco Systems, Inc. will post 2.84 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Friday, April 3rd will be given a $0.36 dividend. This is an increase from Cisco Systems’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 3.63%. Cisco Systems’s dividend payout ratio is presently 49.12%.

In other news, CFO Kelly A. Kramer sold 70,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $41.17, for a total transaction of $2,881,900.00. Following the transaction, the chief financial officer now owns 308,241 shares in the company, valued at approximately $12,690,281.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 3,910 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $46.53, for a total transaction of $181,932.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,910 shares of company stock valued at $3,296,482. Insiders own 0.03% of the company’s stock.

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 worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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