Loews Corp Has $15110000 Stake in Cisco Systems, Inc. (CSCO)

Vetr upgraded Cisco Systems from a "sell" rating to a "hold" rating and set a $34.51 price target for the company in a research report on Monday, March 20th. A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR.

Several other equities analysts have also weighed in on the stock. Proficio Capital Partners LLC boosted its position in shares of Cisco Systems by 7.0% in the third quarter. Finally, Stifel Nicolaus reiterated a "hold" rating and set a $34.00 target price on shares of Cisco Systems in a report on Tuesday, December 6th.

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty have assigned a buy rating to the company. Analyst's mean target price for CSCO is $35.19 while analysts mean recommendation is 2.20.

Chris Dedicoat, EVP, Worldwide Sales & Fld Ops of Cisco Systems, Inc. sold 34,597 shares on Feb 24, 2017. The relative volume of the stock is 0.89, while its market cap is $170.67 Billion.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, CSCO earned gross profit of 27.77 Billion, in 2015 29.68 Billion gross profit, while in 2016 Cisco Systems, Inc. (NASDAQ:CSCO) is performing 13.74%. In most recent quarter, LT Debt/Equity ratio was listed at 0.48 and Total Debt/Equity ratio was noted at 0.55. Cisco Systems, Inc. (NASDAQ:CSCO) has a Return on Assets (ROA) of 8.00%.

The company's expected revenue in the current quarter to be 11.89 Billion, seeing a projected current quarter growth of 1.8%, and per annum growth estimates over the next 5 year period of around 10.12%.

Cisco Systems, Inc. (NASDAQ:CSCO) yearly performance is 26.22% and net profit margin is 20.20%.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Thursday, April 6th will be issued a $0.29 dividend. The ex-dividend date is Tuesday, April 4th. Pacific Crest restated an "overweight" rating and issued a $33.00 price objective on shares of Cisco Systems in a report on Thursday, December 29th. This represents a $1.16 dividend on an annualized basis and a yield of 3.40%. Cisco Systems's dividend payout ratio is now 49.52%.

In related news, Director Steven M. West acquired 3,027 shares of the firm's stock in a transaction dated Wednesday, February 22nd. The shares were purchased at an average cost of $33.92 per share, for a total transaction of $102,675.84. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

In a transaction on 2017-03-15, the company's SVP, Corp Controller & CAO BHATT PRAT sold 15,672 company shares for 537080. The shares were sold at an average price of $34.27, for a total value of $537,079.44. Following the completion of the transaction, the senior vice president now directly owns 77,174 shares of the company's stock, valued at approximately $2,644,752.98. The disclosure for this sale can be found here. Cisco Systems, Inc. (NASDAQ:CSCO) distance from 20 day simple moving average is -0.32% whereas its distance from 50 day simple moving average is 4.82% along with 11.35% distance from 200 day simple moving average. Corporate insiders own 0.11% of the company's stock.

Hedge funds have recently made changes to their positions in the stock. River & Mercantile Asset Management LLP purchased a new stake in shares of Cisco Systems during the fourth quarter valued at about $3,442,000. Norges Bank acquired a new stake in shares of Cisco Systems during the fourth quarter valued at about $1,306,395,000. Finally comes the ratings part in which the CSCO was evaluated with 16 analysts of WSJ going for Buy ratings in previous quarter, while at present 16 analysts gave Buy ratings from whole pool. This is an increase from Cisco Systems's previous quarterly dividend of $0.26.

Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position.

  • Zachary Reyes