Feltz Wealth PLAN Inc. Acquires Shares of 22,404 Cisco Systems Inc. (CSCO)

Feltz Wealth PLAN Inc. acquired a new stake in shares of Cisco Systems Inc. (NASDAQ:CSCO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,404 shares of the network equipment provider’s stock, valued at approximately $407,000.

Several other large investors have also recently added to or reduced their stakes in CSCO. Riggs Asset Managment Co. Inc. increased its position in shares of Cisco Systems by 6.7% in the second quarter. Riggs Asset Managment Co. Inc. now owns 3,570 shares of the network equipment provider’s stock valued at $102,000 after buying an additional 225 shares during the last quarter. Financial Management Professionals Inc. increased its position in shares of Cisco Systems by 25.7% in the second quarter. Financial Management Professionals Inc. now owns 4,389 shares of the network equipment provider’s stock valued at $125,000 after buying an additional 896 shares during the last quarter. Mercer Capital Advisers Inc. increased its position in shares of Cisco Systems by 0.7% in the second quarter. Mercer Capital Advisers Inc. now owns 4,760 shares of the network equipment provider’s stock valued at $137,000 after buying an additional 35 shares during the last quarter. Parasol Investment Management LLC increased its position in shares of Cisco Systems by 94.1% in the second quarter. Parasol Investment Management LLC now owns 5,240 shares of the network equipment provider’s stock valued at $150,000 after buying an additional 2,540 shares during the last quarter. Finally, Vigilant Capital Management LLC increased its position in shares of Cisco Systems by 995.5% in the second quarter. Vigilant Capital Management LLC now owns 5,839 shares of the network equipment provider’s stock valued at $168,000 after buying an additional 5,306 shares during the last quarter. 75.06% of the stock is currently owned by institutional investors.

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

Cisco Systems Inc. (NASDAQ:CSCO) traded up 0.580% during mid-day trading on Monday, hitting $30.355. 3,227,016 shares of the stock were exchanged. The firm has a market capitalization of $152.21 billion, a price-to-earnings ratio of 14.386 and a beta of 1.48. Cisco Systems Inc. has a 52 week low of $22.46 and a 52 week high of $31.95. The company’s 50-day moving average price is $31.29 and its 200 day moving average price is $29.51.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 17th. The network equipment provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Cisco Systems had a net margin of 21.81% and a return on equity of 17.64%. The company had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.57 billion. During the same quarter in the previous year, the company earned $0.59 EPS. Cisco Systems’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities research analysts expect that Cisco Systems Inc. will post $2.43 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Monday, October 3rd. Cisco Systems’s dividend payout ratio (DPR) is 49.06%.

Several brokerages have commented on CSCO. Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $32.05 target price on the stock. in a report on Tuesday, September 13th. Jefferies Group reissued a “buy” rating and issued a $35.00 price objective on shares of Cisco Systems in a research note on Monday, August 29th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Cisco Systems in a research note on Wednesday, August 17th. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research note on Thursday, August 18th. Finally, Wells Fargo & Co. reissued a “buy” rating on shares of Cisco Systems in a research note on Monday, June 27th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Cisco Systems currently has a consensus rating of “Buy” and an average target price of $32.50.

In other Cisco Systems news, insider John T. Chambers sold 541,666 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $31.08, for a total value of $16,834,979.28. Following the sale, the insider now owns 2,008,697 shares in the company, valued at approximately $62,430,302.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Mark D. Chandler sold 62,910 shares of the business’s stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $31.40, for a total transaction of $1,975,374.00. Following the completion of the sale, the senior vice president now owns 286,628 shares in the company, valued at approximately $9,000,119.20. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Cisco Systems Company Profile

Cisco System, Inc (Cisco) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet. The Company is engaged in designing, manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use.

5 Day Chart for NASDAQ:CSCO

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