Lantern Wealth Advisors LLC Increases Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Lantern Wealth Advisors LLC increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,701 shares of the network equipment provider’s stock after purchasing 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.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Cisco Systems in the 4th quarter worth $26,000. Navigoe LLC purchased a new stake in Cisco Systems in the fourth quarter worth about $26,000. Runnymede Capital Advisors Inc. purchased a new stake in Cisco Systems in the fourth quarter worth about $30,000. Campbell Capital Management Inc. bought a new position in shares of Cisco Systems in the fourth quarter worth about $31,000. Finally, Synergy Investment Management LLC bought a new position in shares of Cisco Systems during the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CSCO. Barclays increased their price objective on shares of Cisco Systems from $61.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 15th. Evercore ISI raised their price target on Cisco Systems from $67.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, May 15th. Piper Sandler upped their price objective on Cisco Systems from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, May 15th. The Goldman Sachs Group lifted their target price on Cisco Systems from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, New Street Research restated a “neutral” rating and issued a $70.00 price target on shares of Cisco Systems in a research note on Friday. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus price target of $68.00.

Insider Transactions at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 11,808 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $64.37, for a total value of $760,080.96. Following the completion of the transaction, the executive vice president now directly owns 200,191 shares in the company, valued at $12,886,294.67. This trade represents a 5.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thimaya K. Subaiya sold 2,065 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $11,604,868.80. This represents a 1.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,635 shares of company stock worth $931,901. Insiders own 0.01% of the company’s stock.

Cisco Systems Stock Up 0.5%

Shares of NASDAQ CSCO opened at $63.92 on Tuesday. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $66.50. The firm has a market capitalization of $254.29 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 4.16 and a beta of 0.89. The stock has a 50 day moving average price of $58.82 and a 200 day moving average price of $59.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. The business had revenue of $14.15 billion for the quarter, compared to analysts’ expectations of $14.05 billion. During the same quarter last year, the firm earned $0.88 EPS. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. Sell-side analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd will be given a $0.41 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.57%. Cisco Systems’s payout ratio is 66.94%.

Cisco Systems declared that its board has authorized a share buyback program on Wednesday, February 12th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the network equipment provider to purchase up to 6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

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. 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.