Arbor Trust Wealth Advisors LLC Has $425,000 Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Arbor Trust Wealth Advisors LLC trimmed its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 17.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,895 shares of the network equipment provider’s stock after selling 1,450 shares during the period. Arbor Trust Wealth Advisors LLC’s holdings in Cisco Systems were worth $425,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CSCO. Brighton Jones LLC raised its stake in Cisco Systems by 49.5% in the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock valued at $4,392,000 after acquiring an additional 24,562 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Cisco Systems by 37.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock worth $542,000 after buying an additional 2,474 shares during the period. Versor Investments LP acquired a new position in Cisco Systems in the 4th quarter valued at about $314,000. Fisher Asset Management LLC raised its holdings in Cisco Systems by 3.2% in the 4th quarter. Fisher Asset Management LLC now owns 201,389 shares of the network equipment provider’s stock valued at $11,922,000 after acquiring an additional 6,333 shares during the period. Finally, LGT Fund Management Co Ltd. lifted its position in Cisco Systems by 42.6% during the fourth quarter. LGT Fund Management Co Ltd. now owns 9,187 shares of the network equipment provider’s stock worth $544,000 after acquiring an additional 2,744 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $69.10 on Wednesday. The firm’s fifty day moving average price is $63.15 and its two-hundred day moving average price is $61.25. The stock has a market cap of $273.64 billion, a PE ratio of 28.20, a PEG ratio of 4.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.87 and a current ratio of 0.95. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $69.78.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data 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 business had revenue of $14.15 billion for the quarter, compared to analyst estimates of $14.05 billion. Cisco Systems had a return on equity of 26.48% and a net margin of 17.60%. Cisco Systems’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS. On average, equities analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, July 3rd. Cisco Systems’s payout ratio is currently 66.94%.

Analysts Set New Price Targets

Several equities analysts have recently commented on CSCO shares. Barclays reaffirmed an “equal weight” rating on shares of Cisco Systems in a research report on Wednesday, May 21st. Wall Street Zen raised Cisco Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a “hold” rating to a “buy” rating and lifted their target price for the stock from $65.00 to $73.00 in a report on Monday, June 16th. Wells Fargo & Company upgraded shares of Cisco Systems from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $72.00 to $75.00 in a research note on Thursday, May 15th. Finally, New Street Research reaffirmed a “neutral” rating and set a $70.00 price target on shares of Cisco Systems in a research report on Friday, May 16th. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Cisco Systems currently has a consensus rating of “Moderate Buy” and an average price target of $69.53.

Insider Buying and Selling

In other news, SVP Maria Victoria Wong sold 762 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $64.07, for a total value of $48,821.34. Following the completion of the sale, the senior vice president directly owned 36,937 shares of the company’s stock, valued at $2,366,553.59. This represents a 2.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 2,407 shares of the business’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $64.01, for a total value of $154,072.07. Following the completion of the transaction, the executive vice president owned 177,027 shares in the company, valued at $11,331,498.27. The trade was a 1.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,335 shares of company stock valued at $6,271,054 over the last quarter. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Company 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.