ZWJ Investment Counsel Inc. Cuts Stock Position in Cisco Systems, Inc. $CSCO

ZWJ Investment Counsel Inc. reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.5% in the second quarter, Holdings Channel.com reports. The firm owned 883,271 shares of the network equipment provider’s stock after selling 13,505 shares during the quarter. Cisco Systems makes up 2.3% of ZWJ Investment Counsel Inc.’s holdings, making the stock its 11th biggest holding. ZWJ Investment Counsel Inc.’s holdings in Cisco Systems were worth $61,281,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wallington Asset Management LLC purchased a new stake in Cisco Systems during the 2nd quarter valued at about $9,974,000. Cape ANN Savings Bank boosted its holdings in Cisco Systems by 9.5% during the 2nd quarter. Cape ANN Savings Bank now owns 4,075 shares of the network equipment provider’s stock valued at $283,000 after acquiring an additional 355 shares during the period. Corundum Group Inc. boosted its holdings in Cisco Systems by 0.9% during the 2nd quarter. Corundum Group Inc. now owns 19,638 shares of the network equipment provider’s stock valued at $1,362,000 after acquiring an additional 170 shares during the period. Segment Wealth Management LLC boosted its holdings in Cisco Systems by 2.4% during the 2nd quarter. Segment Wealth Management LLC now owns 7,957 shares of the network equipment provider’s stock valued at $552,000 after acquiring an additional 187 shares during the period. Finally, Fortis Capital Advisors LLC boosted its holdings in Cisco Systems by 23.2% during the 2nd quarter. Fortis Capital Advisors LLC now owns 25,709 shares of the network equipment provider’s stock valued at $1,784,000 after acquiring an additional 4,839 shares during the period. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Stock Down 0.6%

Shares of NASDAQ:CSCO opened at $67.92 on Friday. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.55. The firm has a market capitalization of $268.50 billion, a P/E ratio of 25.92, a P/E/G ratio of 2.87 and a beta of 0.97. The stock has a 50 day moving average price of $68.10 and a 200-day moving average price of $64.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. During the same quarter in the prior year, the company earned $0.87 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. As a group, equities research analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given a $0.41 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems’s dividend payout ratio is currently 62.60%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CSCO. UBS Group increased their target price on Cisco Systems from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. William Blair upgraded Cisco Systems to a “hold” rating in a report on Thursday, August 14th. Wells Fargo & Company increased their target price on Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Bank of America increased their target price on Cisco Systems from $76.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Finally, Wolfe Research initiated coverage on Cisco Systems in a research report on Tuesday, July 8th. They set a “peer perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cisco Systems has a consensus rating of “Moderate Buy” and a consensus target price of $74.53.

Insider Transactions at Cisco Systems

In other news, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the transaction, the insider owned 237,405 shares of the company’s stock, valued at approximately $15,811,173. This represents a 3.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Robbins sold 30,557 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of the transaction, the chief executive officer directly owned 639,000 shares of the company’s stock, valued at $42,576,570. This represents a 4.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is owned by insiders.

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.