Trade Report: The Linscomb & Williams Inc. reaches $3,006,000 position of Cisco Systems Inc. (CSCO)

The Linscomb & Williams Inc. reaches $3,006,000 position  of Cisco Systems Inc. (CSCO)

Linscomb & Williams Inc. decreased its position in shares of Cisco Systems Inc. (NASDAQ:CSCO) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,773 shares of the network equipment provider’s stock after selling 2,002 shares during the period. Linscomb & Williams Inc.’s holdings in Cisco Systems were worth $3,006,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. raised its stake in 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 worth $102,000 after buying an additional 225 shares during the last quarter. Financial Management Professionals Inc. raised its stake in 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 worth $125,000 after buying an additional 896 shares during the last quarter. Mercer Capital Advisers Inc. raised its stake in 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. Parasol Investment Management LLC raised its stake in 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 worth $150,000 after buying an additional 2,540 shares during the last quarter. Finally, Vigilant Capital Management LLC raised its stake in 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 worth $168,000 after buying an additional 5,306 shares during the last quarter. 75.00% of the stock is owned by institutional investors.

Shares of Cisco Systems Inc. (NASDAQ:CSCO) traded down 0.03% on Friday, reaching $31.47. 13,073,224 shares of the company were exchanged. The stock has a 50 day moving average of $31.33 and a 200-day moving average of $29.43. The company has a market capitalization of $157.80 billion, a P/E ratio of 14.91 and a beta of 1.49. Cisco Systems Inc. has a 52-week low of $22.46 and a 52-week high of $31.95.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 17th. The network equipment provider reported $0.63 EPS for the quarter, topping the Thomson Reuters’ 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 had revenue of $12.60 billion for the quarter, compared to analyst estimates of $12.57 billion. During the same period last year, the business earned $0.59 EPS. Cisco Systems’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts predict that Cisco Systems Inc. will post $2.43 EPS for the current fiscal year.

The business also recently declared 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. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $1.04 annualized dividend and a yield of 3.30%. Cisco Systems’s dividend payout ratio is currently 49.06%.

CSCO has been the topic of a number of research reports. Barclays PLC raised their price target on Cisco Systems from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, August 15th. Drexel Hamilton restated a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a research note on Tuesday, August 16th. Argus restated a “buy” rating and issued a $34.00 price target on shares of Cisco Systems in a research note on Thursday, July 7th. Wells Fargo & Co. restated an “outperform” rating and issued a $36.50 price target (up from $34.00) on shares of Cisco Systems in a research note on Monday, September 19th. Finally, Jefferies Group restated a “buy” rating and issued a $35.00 price target on shares of Cisco Systems in a research note on Monday, August 29th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Cisco Systems has a consensus rating of “Buy” and a consensus price target of $32.50.

In other Cisco Systems news, Director Carol Bartz sold 15,000 shares of Cisco Systems stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $31.25, for a total value of $468,750.00. Following the transaction, the director now directly owns 23,104 shares in the company, valued at $722,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Mark D. Chandler sold 25,024 shares of Cisco Systems stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $30.44, for a total transaction of $761,730.56. Following the completion of the transaction, the senior vice president now owns 229,905 shares in the company, valued at $6,998,308.20. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

About Cisco Systems

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.

Related posts

Leave a Comment