RMR Wealth Builders Sells 955 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

RMR Wealth Builders lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 13.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,059 shares of the network equipment provider’s stock after selling 955 shares during the period. RMR Wealth Builders’ holdings in Cisco Systems were worth $359,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Highline Wealth Partners LLC lifted its position in shares of Cisco Systems by 76.7% during the fourth quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider’s stock worth $35,000 after acquiring an additional 260 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Cisco Systems by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 47,984 shares of the network equipment provider’s stock worth $2,841,000 after acquiring an additional 1,175 shares in the last quarter. CCM Investment Advisers LLC lifted its position in shares of Cisco Systems by 4.3% during the fourth quarter. CCM Investment Advisers LLC now owns 326,303 shares of the network equipment provider’s stock worth $19,317,000 after acquiring an additional 13,554 shares in the last quarter. Franklin Street Advisors Inc. NC lifted its position in shares of Cisco Systems by 2.7% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 85,663 shares of the network equipment provider’s stock worth $5,071,000 after acquiring an additional 2,290 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Cisco Systems by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,604,217 shares of the network equipment provider’s stock worth $154,170,000 after acquiring an additional 8,158 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Down 0.8 %

Shares of NASDAQ:CSCO opened at $58.74 on Friday. The stock’s 50-day moving average price is $58.67 and its 200-day moving average price is $53.10. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $60.23. The stock has a market capitalization of $233.95 billion, a P/E ratio of 25.21, a price-to-earnings-growth ratio of 4.37 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 (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The firm had revenue of $13.84 billion for the quarter, compared to analysts’ expectations of $13.78 billion. During the same period last year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, equities analysts anticipate that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be paid a $0.40 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.72%. Cisco Systems’s payout ratio is presently 68.67%.

Analyst Upgrades and Downgrades

CSCO has been the topic of several recent research reports. StockNews.com upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Barclays increased their price objective on Cisco Systems from $49.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Bank of America increased their price objective on Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Piper Sandler increased their price objective on Cisco Systems from $52.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, Morgan Stanley increased their price objective on Cisco Systems from $62.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $61.28.

Insider Buying and Selling

In related news, SVP Maria Victoria Wong sold 586 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $58.69, for a total value of $34,392.34. Following the sale, the senior vice president now directly owns 50,767 shares of the company’s stock, valued at $2,979,515.23. This trade represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $9,873,562.56. Following the sale, the chief executive officer now directly owns 783,786 shares in the company, valued at approximately $45,059,857.14. The trade was a 17.97 % 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 valued at $20,349,721 over the last ninety days. 0.01% of the stock is owned by 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.