Tweedy Browne Co LLC Sells 2,160 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Tweedy Browne Co LLC decreased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 242,254 shares of the network equipment provider’s stock after selling 2,160 shares during the period. Cisco Systems comprises 0.6% of Tweedy Browne Co LLC’s portfolio, making the stock its 23rd biggest position. Tweedy Browne Co LLC’s holdings in Cisco Systems were worth $12,091,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC bought a new stake in Cisco Systems in the 4th quarter valued at $32,000. Delos Wealth Advisors LLC raised its stake in Cisco Systems by 1,666.7% in the 4th quarter. Delos Wealth Advisors LLC now owns 636 shares of the network equipment provider’s stock valued at $32,000 after acquiring an additional 600 shares during the period. DiNuzzo Private Wealth Inc. bought a new stake in Cisco Systems in the 4th quarter valued at $33,000. Morton Brown Family Wealth LLC raised its stake in Cisco Systems by 41.9% in the 4th quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after acquiring an additional 208 shares during the period. Finally, Bourgeon Capital Management LLC raised its stake in Cisco Systems by 3,500.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock valued at $36,000 after acquiring an additional 700 shares during the period. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

Cisco Systems stock traded up $0.76 during mid-day trading on Friday, reaching $47.52. 8,852,921 shares of the company’s stock were exchanged, compared to its average volume of 19,512,326. The firm has a market capitalization of $191.45 billion, a PE ratio of 15.92, a P/E/G ratio of 2.68 and a beta of 0.85. The business’s fifty day simple moving average is $46.89 and its 200 day simple moving average is $48.60. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 0.44. Cisco Systems, Inc. has a one year low of $44.95 and a one year high of $58.19.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. The company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $12.53 billion. During the same period in the previous year, the company posted $0.88 EPS. The firm’s revenue for the quarter was down 12.8% compared to the same quarter last year. On average, sell-side analysts expect that Cisco Systems, Inc. will post 3.14 earnings per share for the current year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Friday, July 5th. Cisco Systems’s payout ratio is currently 53.87%.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. assumed coverage on Cisco Systems in a report on Monday, April 22nd. They issued a “neutral” rating and a $53.00 price objective on the stock. Deutsche Bank Aktiengesellschaft increased their target price on Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, April 9th. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a report on Monday, June 10th. StockNews.com lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Finally, Citigroup began coverage on Cisco Systems in a report on Friday, April 12th. They set a “neutral” rating and a $52.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $56.47.

Insider Transactions at Cisco Systems

In other news, SVP Maria Victoria Wong sold 3,378 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $45.89, for a total value of $155,016.42. Following the completion of the sale, the senior vice president now owns 52,953 shares of the company’s stock, valued at approximately $2,430,013.17. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Cisco Systems news, SVP Maria Victoria Wong sold 3,378 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $45.89, for a total transaction of $155,016.42. Following the completion of the transaction, the senior vice president now owns 52,953 shares of the company’s stock, valued at approximately $2,430,013.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 8,016 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $48.24, for a total value of $386,691.84. Following the completion of the transaction, the executive vice president now directly owns 180,705 shares of the company’s stock, valued at approximately $8,717,209.20. The disclosure for this sale can be found here. In the last three months, insiders sold 41,106 shares of company stock worth $1,908,923. 0.02% of the stock is currently owned by corporate insiders.

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.