Trading Report: The KLCM Advisors Inc. invests in Cisco Systems Inc. (CSCO) Shares

The KLCM Advisors Inc. invests in Cisco Systems Inc. (CSCO) Shares

KLCM Advisors Inc. raised its stake in Cisco Systems Inc. (NASDAQ:CSCO) by 60.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 533,886 shares of the network equipment provider’s stock after buying an additional 201,177 shares during the period. Cisco Systems comprises 5.3% of KLCM Advisors Inc.’s portfolio, making the stock its 6th largest position. KLCM Advisors Inc.’s holdings in Cisco Systems were worth $15,317,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. 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 worth $137,000 after buying an additional 35 shares during the last quarter. Pinnacle Holdings LLC increased its position in shares of Cisco Systems by 0.5% in the first quarter. Pinnacle Holdings LLC now owns 16,009 shares of the network equipment provider’s stock worth $456,000 after buying an additional 81 shares during the last quarter. Moody Lynn & Lieberson LLC increased its position in shares of Cisco Systems by 0.6% in the second quarter. Moody Lynn & Lieberson LLC now owns 13,890 shares of the network equipment provider’s stock worth $399,000 after buying an additional 83 shares during the last quarter. Empirical Financial Services LLC increased its position in shares of Cisco Systems by 1.1% in the second quarter. Empirical Financial Services LLC now owns 9,838 shares of the network equipment provider’s stock worth $282,000 after buying an additional 106 shares during the last quarter. Finally, WASHINGTON TRUST Co increased its position in shares of Cisco Systems by 0.7% in the first quarter. WASHINGTON TRUST Co now owns 19,353 shares of the network equipment provider’s stock worth $551,000 after buying an additional 141 shares during the last quarter. Institutional investors and hedge funds own 75.00% of the company’s stock.

Cisco Systems Inc. (NASDAQ:CSCO) traded down 0.82% on Thursday, hitting $30.09. 9,708,560 shares of the stock were exchanged. The stock has a market cap of $150.88 billion, a PE ratio of 14.26 and a beta of 1.49. Cisco Systems Inc. has a 1-year low of $22.46 and a 1-year high of $31.95. The company’s 50 day moving average is $31.35 and its 200 day moving average is $29.49.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Monday, October 3rd. Cisco Systems’s payout ratio is 49.06%.

A number of equities research analysts recently weighed in on the stock. Drexel Hamilton reissued a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a research report on Wednesday, June 15th. Cowen and Company reissued a “buy” rating on shares of Cisco Systems in a research report on Wednesday, June 15th. Piper Jaffray Cos. boosted their price target on shares of Cisco Systems from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, August 18th. Wunderlich reissued a “hold” rating and issued a $27.00 price target on shares of Cisco Systems in a research report on Thursday, August 18th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research report on Thursday, August 18th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $32.50.

In other 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 completion of the sale, the insider now directly owns 2,008,697 shares in the company, valued at $62,430,302.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Karen Walker sold 10,244 shares of the business’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $31.17, for a total transaction of $319,305.48. Following the completion of the sale, the senior vice president now owns 138,625 shares of the company’s stock, valued at $4,320,941.25. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

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