Linscomb & Williams Inc. Has $4.49 Million Position in Cisco Systems, Inc. (CSCO)

Linscomb & Williams Inc. boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 133,446 shares of the network equipment provider’s stock after purchasing an additional 1,498 shares during the period. Linscomb & Williams Inc.’s holdings in Cisco Systems were worth $4,488,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CSCO. Schwartz Investment Counsel Inc. boosted its position in Cisco Systems by 3.0% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 906,000 shares of the network equipment provider’s stock valued at $30,469,000 after buying an additional 26,000 shares during the period. Northern Capital Management LLC boosted its position in Cisco Systems by 89.7% in the 3rd quarter. Northern Capital Management LLC now owns 42,025 shares of the network equipment provider’s stock valued at $1,413,000 after buying an additional 19,875 shares during the period. Mosaic Family Wealth LLC boosted its position in Cisco Systems by 18.4% in the 3rd quarter. Mosaic Family Wealth LLC now owns 32,042 shares of the network equipment provider’s stock valued at $1,078,000 after buying an additional 4,981 shares during the period. Northstar Wealth Partners LLC boosted its position in Cisco Systems by 52.5% in the 3rd quarter. Northstar Wealth Partners LLC now owns 27,580 shares of the network equipment provider’s stock valued at $931,000 after buying an additional 9,499 shares during the period. Finally, Heathbridge Capital Management Ltd. boosted its position in Cisco Systems by 0.4% in the 3rd quarter. Heathbridge Capital Management Ltd. now owns 841,600 shares of the network equipment provider’s stock valued at $28,303,000 after buying an additional 3,000 shares during the period. Institutional investors own 75.55% of the company’s stock.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $39.53 on Friday. Cisco Systems, Inc. has a 52-week low of $29.80 and a 52-week high of $39.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87. The company has a market cap of $198,130.00, a P/E ratio of 20.48, a P/E/G ratio of 3.54 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The company had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. Cisco Systems’s revenue for the quarter was down 1.7% compared to the same quarter last year. equities analysts forecast that Cisco Systems, Inc. will post 2.21 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, January 4th. This represents a $1.16 dividend on an annualized basis and a yield of 2.93%. Cisco Systems’s payout ratio is 60.10%.

In other Cisco Systems news, SVP Karen Walker sold 5,786 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $211,131.14. Following the transaction, the senior vice president now owns 176,418 shares in the company, valued at approximately $6,437,492.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rebecca Jacoby sold 75,021 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $38.42, for a total transaction of $2,882,306.82. Following the transaction, the senior vice president now owns 257,476 shares in the company, valued at approximately $9,892,227.92. The disclosure for this sale can be found here. Insiders have sold a total of 348,643 shares of company stock worth $12,892,271 in the last 90 days. 0.05% of the stock is currently owned by company insiders.

Several brokerages have recently weighed in on CSCO. Jefferies Group upped their price target on shares of Cisco Systems to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. Deutsche Bank reaffirmed a “buy” rating and issued a $45.00 price target (up previously from $40.00) on shares of Cisco Systems in a research report on Thursday, November 16th. Bank of America upped their price target on shares of Cisco Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $40.00 price target on shares of Cisco Systems in a research report on Thursday, December 14th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $38.00 price target on shares of Cisco Systems in a research report on Monday, September 11th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Cisco Systems currently has a consensus rating of “Buy” and an average price target of $37.66.

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Cisco Systems Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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

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