Midwest Trust Co Has $74.43 Million Stake in Cisco Systems, Inc. $CSCO

Midwest Trust Co decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,087,857 shares of the network equipment provider’s stock after selling 16,453 shares during the quarter. Cisco Systems accounts for about 1.0% of Midwest Trust Co’s portfolio, making the stock its 24th largest position. Midwest Trust Co’s holdings in Cisco Systems were worth $74,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Benchmark Financial Wealth Advisors LLC increased its holdings in Cisco Systems by 1.4% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 10,449 shares of the network equipment provider’s stock worth $715,000 after purchasing an additional 142 shares in the last quarter. Yoder Wealth Management Inc. lifted its position in shares of Cisco Systems by 3.8% in the third quarter. Yoder Wealth Management Inc. now owns 3,945 shares of the network equipment provider’s stock worth $270,000 after purchasing an additional 143 shares in the last quarter. Wynn Capital LLC lifted its position in shares of Cisco Systems by 0.3% in the third quarter. Wynn Capital LLC now owns 48,456 shares of the network equipment provider’s stock worth $3,315,000 after purchasing an additional 150 shares in the last quarter. Old North State Trust LLC boosted its holdings in Cisco Systems by 0.6% during the second quarter. Old North State Trust LLC now owns 24,534 shares of the network equipment provider’s stock worth $1,702,000 after purchasing an additional 151 shares during the last quarter. Finally, Lion Street Advisors LLC grew its position in Cisco Systems by 0.7% in the second quarter. Lion Street Advisors LLC now owns 20,694 shares of the network equipment provider’s stock valued at $1,436,000 after purchasing an additional 152 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $86.75 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 0.93. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $87.25. The company has a market cap of $342.76 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 3.21 and a beta of 0.87. The stock has a fifty day moving average price of $77.57 and a 200-day moving average price of $72.78.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.02. The company had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.77 billion. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 EPS. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS and its Q2 2026 guidance at 1.010-1.030 EPS. As a group, equities analysts anticipate 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 was paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $1.64 annualized dividend and a yield of 1.9%. Cisco Systems’s payout ratio is 61.65%.

Insider Activity

In other Cisco Systems news, Director Michael D. Capellas sold 16,150 shares of Cisco Systems stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $77.28, for a total value of $1,248,072.00. Following the completion of the sale, the director directly owned 157,218 shares of the company’s stock, valued at approximately $12,149,807.04. The trade was a 9.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Charles Robbins sold 281,860 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $78.35, for a total value of $22,083,731.00. Following the sale, the chief executive officer owned 820,887 shares of the company’s stock, valued at approximately $64,316,496.45. This represents a 25.56% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,044,865 shares of company stock worth $81,397,635. Company insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

CSCO has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on Cisco Systems from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Monday. Citigroup raised their price target on Cisco Systems from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Wells Fargo & Company upped their price objective on Cisco Systems from $83.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. CICC Research raised their target price on shares of Cisco Systems from $78.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, November 14th. Finally, Zacks Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Cisco Systems presently has an average rating of “Moderate Buy” and a consensus target price of $94.45.

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.