Consolidated Portfolio Review Corp reduced its stake in Cisco Systems by 33% in the first quarter, selling over 2,700 shares. Other hedge funds and institutional investors have also adjusted their holdings in the company. Cisco Systems’ shares fell slightly on Friday to $46.65, with a market cap of $187.94 billion. The company recently reported quarterly earnings, beating estimates with a revenue of $12.7 billion. Analysts predict earnings per share of $3.14 for the current fiscal year. Cisco Systems also announced a quarterly dividend of $0.40 per share, with a payout ratio of 53.87%.
Several research firms have given ratings and price targets for Cisco Systems, with an average rating of “hold” and an average price target of $56.47. Internal activity at the company includes stock sales by senior vice presidents and executive vice presidents. Insiders have sold over 41,000 shares of the company’s stock in the last quarter. Cisco Systems, Inc. designs, manufactures, and sells networking products globally, with a focus on Internet Protocol-based technologies. For more information on hedge fund ownership and insider transactions, visit HoldingsChannel.com. Sign up for MarketBeat.com’s daily email newsletter for more news and ratings on Cisco Systems.
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https://www.defenseworld.net/2024/07/06/consolidated-portfolio-review-corp-sells-2716-shares-of-cisco-systems-inc-nasdaqcsco.html