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

Horan Capital Advisors LLC. decreased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,494 shares of the network equipment provider’s stock after selling 400 shares during the quarter. Horan Capital Advisors LLC.’s holdings in Cisco Systems were worth $444,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new stake in Cisco Systems in the fourth quarter valued at about $26,000. Highline Wealth Partners LLC increased its stake in Cisco Systems by 76.7% in the fourth quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider’s stock valued at $35,000 after acquiring an additional 260 shares during the period. Synergy Investment Management LLC bought a new stake in Cisco Systems in the fourth quarter valued at about $36,000. RPg Family Wealth Advisory LLC bought a new stake in Cisco Systems in the third quarter valued at about $40,000. Finally, Decker Retirement Planning Inc. bought a new stake in Cisco Systems in the fourth quarter valued at about $49,000. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Trading Down 1.0 %

CSCO opened at $63.48 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. The company has a market cap of $252.54 billion, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 4.16 and a beta of 0.84. The firm has a 50 day simple moving average of $61.32 and a 200 day simple moving average of $57.06. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $66.50.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. On average, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

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

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.58%. The ex-dividend date is Thursday, April 3rd. This is an increase from Cisco Systems’s previous quarterly dividend of $0.40. Cisco Systems’s dividend payout ratio is presently 71.62%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 586 shares of Cisco Systems stock in a transaction on Thursday, December 12th. The shares were 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 in the company, valued at approximately $2,979,515.23. The trade was a 1.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kristina M. Johnson sold 7,500 shares of Cisco Systems stock in a transaction on Friday, December 6th. The shares were sold at an average price of $59.87, for a total transaction of $449,025.00. Following the completion of the sale, the director now owns 65,915 shares in the company, valued at $3,946,331.05. The trade was a 10.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,848 shares of company stock valued at $4,767,206. Corporate insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CSCO. StockNews.com cut shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 22nd. Rosenblatt Securities upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and boosted their price target for the company from $66.00 to $80.00 in a research report on Thursday, February 13th. Citigroup boosted their price target on shares of Cisco Systems from $71.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. DZ Bank upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Cisco Systems from $69.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.63.

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.