Addenda Capital Inc. reduced its stake in Cisco Systems, Inc. by 0.3% in the first quarter, selling 331 shares and holding 118,170 shares worth $5,893,000. Other institutional investors and hedge funds like Valued Wealth Advisors LLC, Delos Wealth Advisors LLC, DiNuzzo Private Wealth Inc., Morton Brown Family Wealth LLC, and Bourgeon Capital Management LLC also adjusted their holdings in Cisco Systems. Cisco Systems’ shares rose 0.1%, opening at $47.51 with a 52-week low of $44.95 and high of $58.19. The company’s market cap is $191.41 billion with a price-to-earnings ratio of 16.00. Cisco Systems reported $0.88 earnings per share in the last quarter, surpassing analysts’ estimates of $0.70. The company is expected to post an EPS of 3.14 for the current year. Cisco Systems also declared a quarterly dividend of $0.40 per share, with a dividend yield of 3.37%. Wall Street analysts have provided ratings and target prices for Cisco Systems’ stock, with an average rating of “Hold” and a consensus price target of $56.47. CEO Charles Robbins and other insiders have recently sold shares of the company. Cisco Systems designs, manufactures, and sells networking products globally. To see more details on Cisco Systems’ holdings and insider transactions, visit HoldingsChannel.com for the latest updates. If you want to receive daily news and ratings from Cisco Systems, sign up for MarketBeat.com’s FREE Daily Email Newsletter.
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https://www.defenseworld.net/2024/06/29/addenda-capital-inc-sells-331-shares-of-cisco-systems-inc-nasdaqcsco.html
