Lavaca Capital LLC Cuts Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Lavaca Capital LLC cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 37.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,334 shares of the network equipment provider’s stock after selling 7,512 shares during the quarter. Lavaca Capital LLC’s holdings in Cisco Systems were worth $552,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its position in shares of Cisco Systems by 1.2% in the third quarter. BlackRock Inc. now owns 321,423,547 shares of the network equipment provider’s stock valued at $12,660,874,000 after buying an additional 3,721,337 shares in the last quarter. Morgan Stanley increased its position in shares of Cisco Systems by 3.1% in the third quarter. Morgan Stanley now owns 36,724,880 shares of the network equipment provider’s stock valued at $1,446,593,000 after buying an additional 1,089,231 shares in the last quarter. First Trust Advisors LP increased its position in shares of Cisco Systems by 22.8% in the third quarter. First Trust Advisors LP now owns 27,173,489 shares of the network equipment provider’s stock valued at $1,070,364,000 after buying an additional 5,044,447 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Cisco Systems by 2.6% in the third quarter. Fisher Asset Management LLC now owns 20,969,760 shares of the network equipment provider’s stock valued at $825,999,000 after buying an additional 528,568 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Cisco Systems by 3.0% during the third quarter. UBS Asset Management Americas Inc. now owns 18,546,663 shares of the network equipment provider’s stock worth $730,553,000 after purchasing an additional 537,107 shares in the last quarter. Institutional investors and hedge funds own 70.62% of the company’s stock.

Several analysts recently commented on the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price target on Cisco Systems from $43.00 to $45.00 in a research report on Friday, November 13th. Bank of America dropped their price target on Cisco Systems from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, September 16th. Smith Barney Citigroup boosted their price target on Cisco Systems from $43.00 to $45.00 in a research report on Friday, November 13th. UBS Group assumed coverage on Cisco Systems in a research report on Wednesday, September 23rd. They set a “neutral” rating and a $41.00 price target for the company. Finally, New Street Research upgraded Cisco Systems from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Friday, November 13th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $47.54.

CSCO opened at $45.36 on Thursday. The stock’s 50-day moving average price is $44.41 and its 200 day moving average price is $42.60. Cisco Systems, Inc. has a 12-month low of $32.40 and a 12-month high of $50.28. The company has a current ratio of 1.59, a quick ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a market cap of $191.67 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 2.52 and a beta of 0.95.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Thursday, November 12th. The network equipment provider reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.06. Cisco Systems had a return on equity of 32.64% and a net margin of 21.76%. The firm had revenue of $11.93 billion for the quarter, compared to analyst estimates of $11.85 billion. During the same quarter in the prior year, the company earned $0.84 EPS. Cisco Systems’s revenue was down 9.3% on a year-over-year basis. On average, research analysts forecast that Cisco Systems, Inc. will post 2.86 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 20th. Investors of record on Tuesday, January 5th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.17%. The ex-dividend date is Monday, January 4th. Cisco Systems’s payout ratio is 49.32%.

In other Cisco Systems news, EVP Maria Martinez sold 4,000 shares of the stock in a transaction dated Wednesday, December 16th. The stock was sold at an average price of $45.00, for a total value of $180,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Irving Tan sold 47,887 shares of the stock in a transaction dated Tuesday, November 17th. The shares were sold at an average price of $42.09, for a total value of $2,015,563.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 371,384 shares of company stock worth $15,429,225. 0.02% of the stock is owned by corporate insiders.

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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

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

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