Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by Lantern Wealth Advisors LLC

Lantern Wealth Advisors LLC lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,701 shares of the network equipment provider’s stock after acquiring an additional 636 shares during the period. Lantern Wealth Advisors LLC’s holdings in Cisco Systems were worth $752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in shares of Cisco Systems in the fourth quarter worth $26,000. Navigoe LLC purchased a new position in Cisco Systems in the fourth quarter valued at $26,000. Runnymede Capital Advisors Inc. acquired a new position in Cisco Systems during the 4th quarter worth $30,000. Campbell Capital Management Inc. purchased a new stake in Cisco Systems during the 4th quarter worth about $31,000. Finally, Synergy Investment Management LLC purchased a new stake in Cisco Systems during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CSCO shares. Morgan Stanley lifted their price target on shares of Cisco Systems from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, May 15th. Wells Fargo & Company upgraded Cisco Systems from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $72.00 to $75.00 in a research note on Thursday, May 15th. StockNews.com upgraded shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday. The Goldman Sachs Group lifted their price target on shares of Cisco Systems from $56.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Evercore ISI raised their price objective on Cisco Systems from $67.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of “Moderate Buy” and an average price target of $68.00.

Cisco Systems Trading Up 0.5%

Shares of Cisco Systems stock opened at $63.92 on Tuesday. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $66.50. 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 business has a 50 day moving average price of $58.82 and a 200 day moving average price of $59.78. The company has a market capitalization of $254.29 billion, a P/E ratio of 27.91, a P/E/G ratio of 4.16 and a beta of 0.89.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $14.15 billion during the quarter, compared to analysts’ expectations of $14.05 billion. Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 earnings per share. Sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Thursday, July 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.57%. Cisco Systems’s dividend payout ratio (DPR) is currently 66.94%.

Cisco Systems announced that its board has initiated a share repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the network equipment provider to buy up to 6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, SVP Maria Victoria Wong sold 762 shares of Cisco Systems stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $60.99, for a total transaction of $46,474.38. Following the transaction, the senior vice president now owns 44,155 shares in the company, valued at approximately $2,693,013.45. The trade was a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thimaya K. Subaiya sold 2,065 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total value of $125,345.50. Following the completion of the sale, the executive vice president now owns 191,184 shares of the company’s stock, valued at approximately $11,604,868.80. This represents a 1.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,635 shares of company stock valued at $931,901. Company insiders own 0.01% of the company’s stock.

Cisco Systems Profile

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.